update Btc 23/12
1W frame closing candle is bad so the downtrend dominates.
1D frame:
Price breaks short-term uptrend to test support zone 92k + quick wicks creating a long-legged doji.
Testing ema 34.
--> Staying above the mark of 92k will have the potential to rise to 98k-99k and continue sideways in that area.
Overall, the yellow zone remains the main sideways area.
Observe further, if tomorrow's D candle closes above 97300, it will create a reversal effect to increase (however, still be cautious as the W frame closing candle is quite bad for reversal).
4H frame: Price is trying to create a double bottom pattern but currently the second bottom is not clear so no conclusion can be made about an immediate increase.
Ema 34 and ema 89 have crossed downwards so the downtrend is dominating. #1INCH/USDT