Bitcoin Daily Review
Seven 8H bear candles in a row... approximately 1 billion liquidations in longs alone within past two days. BTC finally dipped below 2024 close ✅
I still believe that BTC should bounce back to +/- 98k. At least while market moves sideway (for the past 2 months) its justified to expect price to stay within the range (until it is broken). Previous consolidation stage took more than 8 months, so I hope this time it won't be that extended.
If that consolidation range will get broken, correction target is pointed by multiple factors: CME gap + 2024 VAH + developing Week 20sma - it all comes to +/- 80k
Nearest liquidity pools:
above - 93850 / 95750 / 96710 / 97350
below - 92540 / 92025 / 91065 / 89590
Lines on the chart:
🔸99660 - November high
🔸98340 - week close
🔸97843 - Q4 VAH
🔸96475 - November close
🔸93549 - 2024 close
🔸91510 - week low
🔸90200 - December low
Trend: D ➡️ W 🔼 M 🔼
🤑 F&G: 69 < 70 < 78 < 76 < 72
I still believe that BTC should bounce back to +/- 98k. At least while market moves sideway (for the past 2 months) its justified to expect price to stay within the range (until it is broken). Previous consolidation stage took more than 8 months, so I hope this time it won't be that extended.
If that consolidation range will get broken, correction target is pointed by multiple factors: CME gap + 2024 VAH + developing Week 20sma - it all comes to +/- 80k
Nearest liquidity pools:
above - 93850 / 95750 / 96710 / 97350
below - 92540 / 92025 / 91065 / 89590
Lines on the chart:
🔸99660 - November high
🔸98340 - week close
🔸97843 - Q4 VAH
🔸96475 - November close
🔸93549 - 2024 close
🔸91510 - week low
🔸90200 - December low
Trend: D ➡️ W 🔼 M 🔼
🤑 F&G: 69 < 70 < 78 < 76 < 72
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Crypto reviews - t.me/WiseAnalyze
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FREE telegram channels:
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
Crypto reviews - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/WiseAnalyzeDCA
Forex/Stocks - t.me/WiseForex
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