After acquiring the Gifts at 16,000 andbreaking above the Christmas Treeneckline resistance at 30,000, SantaClaus has been heading North towards theprevious all-time-highStar.
BTC is approaching the 48,000 - 50,000resistance / supply zone. For the bulls toremaincontrol and push towards theall-time high, a break above the 50,000 levelis required.
Meanwhile, there is still a possibilitythat BTC may reject the 48,000 resistanceand undergo one more bearish correction,reaching the 30,000 - 32,000 supportbefore the next upward impulse begins.
Which scenario do you think is more likelyto happen first? Why and when?
Always adhere to your trading plan,including entry points, risk management,and trade management.
$BTCUSDT BTC/USDT, the tightrope walker of the crypto carnival. Balancing on the thin line between 34k and 44k – will it be a breathtaking performance or a sudden plunge? Hold your breath and watch the spectacle unfold!"$BTC