Analysis $BTC 12/21/2024
#BTC, really good... despite all the market frustration, the price found support here in the blue band, which is where we need it to have that support. The bulls don't need much today, again, they just need to close at $98K.
Tomorrow, despite it being the weekend, I expect us to have some excitement at the end of the day, and things will heat up for the start of the new week.
I don't want to sound harsher than I need to, but if you're still complaining about what Powell did and not overcoming this drop, then you're in the wrong place. In Crypto, you don't mourn for long, you should overcome and turn around quickly, so if you haven't done that, do it!
The bullish structure on the larger timeframes remains the same and nothing has changed, despite delaying us by a few days, a new bounce here is most likely.
The chart looks like a possible double bottom, so... make sure you don't panic if we need to form one.
The 200 EMA (4h) has been doing a great job here and supporting the price in a big way, we don't need much more to go up.
It's the weekend and there's no point in bringing a lot of data that doesn't say much, except for the EMAs and the price action.
I respect those who want to despair, but I haven't made much money so far by getting scared of anything, I WOULD NEVER SELL ANY COIN ON SPOT for any drop whatsoever. The bull market in 2025 is going to be great, and only those who trusted the process and stood FIRM will be rewarded.
Friends, the worst is over... and the new week will be better, much better!
There are few people trading today, so the position on both sides is not interesting now, I will update this week.
HOLD ON!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
