BTC analysis on December 3:
• After accurately predicting the drop of BTC to the 94x range, BTC is currently experiencing strong fluctuations due to bad news. This morning, I also called the group in the previous post that today's daily candle looks quite bad and may drop to the 93-94 range again. In the public order in the copytrade group, I am also placing a short order at the 959 level since this morning. While waiting for my analysis, you can check the orders to understand the trend I am following.
- D1 Frame: Yesterday's candle can be considered a reversal candle signaling a continued price drop in the short term. However, BTC is still supported at the average price line of 944x of the BB range. Even though it is in a downtrend, if BTC stays above the 94x range, it could potentially rise very high in the coming days.
- D4 & D3 Frame: The recently concluded D4 candle is green but has a flat body and long wicks. It is very prone to being broken, so I will switch to analyzing the D3 frame. Today’s D3 frame also just concluded a candle and is currently forming a very bearish double top pattern. If BTC wants to rise further, it needs to close above the 972x range today. Let's keep an eye on this.
- W Frame: Yesterday, I also predicted that the bottom of this week's candle would be around the 90k range, fluctuating by 3k (which means the range of 87-88 or 93-94). However, the bottom at 944 yesterday still seems quite high. I still think the bottom of this week's candle will be more reasonable from the 93 range downwards.
=> Analysis:
- After yesterday's candle, over the next 2-3 days, I will prioritize small short orders to bring BTC back to a nice entry (93 or below) before going back long with higher volume than both BTC and altcoins.
- Key levels to watch when BTC rises: 963x, 972x.
- Key levels to watch when BTC continues to drop: 945x, 93x, and the deepest at 89-90k.
Please refer to the analysis!