📉💡 The first Bitcoin chart of the year brings us a sharp dip right after a fake-out near $102,150. Despite the volatility, Bitcoin remains within a well-defined ascending channel that has held since November 11.
🔍 Key Levels to Watch:
1️⃣ $93,311 – Channel support (current bounce area).
2️⃣ $102,150 – Immediate resistance.
🚀 The Setup:
The dip may present a buying opportunity as long as Bitcoin stays within the channel. A move back toward the midline or upper channel boundary seems likely if the structure holds.
⚠️ Market Context:
Recent dip caused by macroeconomic fears: Fed policy, inflation concerns, and geopolitical noise.
The channel’s structure suggests continuation, barring unexpected breakdowns.
💡 Stick to the trend: Buying dips near support levels has been the winning strategy within this channel so far!
🌟 Do you see this as a solid buy opportunity, or are you waiting for confirmation? Share your thoughts below!
One Love,
The FXPROFESSOR 💙
🔍 Key Levels to Watch:
1️⃣ $93,311 – Channel support (current bounce area).
2️⃣ $102,150 – Immediate resistance.
🚀 The Setup:
The dip may present a buying opportunity as long as Bitcoin stays within the channel. A move back toward the midline or upper channel boundary seems likely if the structure holds.
⚠️ Market Context:
Recent dip caused by macroeconomic fears: Fed policy, inflation concerns, and geopolitical noise.
The channel’s structure suggests continuation, barring unexpected breakdowns.
💡 Stick to the trend: Buying dips near support levels has been the winning strategy within this channel so far!
🌟 Do you see this as a solid buy opportunity, or are you waiting for confirmation? Share your thoughts below!
One Love,
The FXPROFESSOR 💙
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌍 Satoshi AI in 12 Languages:
🔗 linktr.ee/crgpt
🪙 CRGPT Token — Join the Crypto AI Revolution:
🚀 cryptogpt.io/
📣 Professor's Public Telegram:
💬 t.me/fxprofessor88
🔗 linktr.ee/crgpt
🪙 CRGPT Token — Join the Crypto AI Revolution:
🚀 cryptogpt.io/
📣 Professor's Public Telegram:
💬 t.me/fxprofessor88
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.