BTC/USD weekly green candle - feels like a new beginning

Not intended to be a piece of financial advice.

For the first time in the history of Bitcoin, we witnessed 9 consecutive Weekly Red Candles. Phew! Is it over? It's a big thing.

Plenty of market flush. A ton of sell pressure. Unprecedented fear amid war and tech-stock meltdown. And so much more.

We are deeply in recession whether someone believes it or not.

Now, the course should reverse, and things should relatively move towards a new beginning. There's light at the end of the tunnel. We all move towards it - one candle-pace at a time.

Reaching back to the 48K level is a big challenge, but any powerful catalyst, such as TESLA accepting BTC again, can make a significant move and will help convert the retail investors' fear into excitement. Some form of the catalyst is coming as the TA has signaled toward a new trend incoming by following a daily close.

This does not mean that the risk is over. If a whale that entered at about 25K bottom and decides to dump at 34k, there will be a short shakeup. You can still take benefit of that situation should you avoid fear and emotions and let the technicals serve you.