Market Analysis
December 29, 2024
➖➖➖➖➖
⚪️TECHNICAL (4H)
BTC is currently trading in a tight range, positioned below a descending trendline and above a critical horizontal support level. The market appears hesitant, with low trading volumes indicating a lack of decisive action from participants.
A breakout above the trendline could signal renewed bullish momentum, potentially triggering an influx of buyers and driving prices higher. Conversely, a breakdown below the horizontal support may lead to increased selling pressure, intensifying bearish sentiment and paving the way for further declines.
⚪️WRAP-UP (VIP)
BTC remains below the trendline and above horizontal support, with low market volume. A breakout or breakdown will likely confirm the market's next move.
$BTC DAILY RANGE:
📈Upper Limit: 95300
📉Lower Limit: 94700
(+-10% based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲91000
🔴SHORT
💲100000
➖➖➖➖➖
