๐๐๐ฐ๐ Blum Team Announces Upcoming Airdrop Season 2 ๐๐๐๐ฐ
December 26, 2024 by Decentralized Dog The Blum team has officially announced plans to launch Season 2 of its airdrop, advising its community to stay alert for updates.
This announcement was made via their X account, which has a following of 5.4 million users.
A screenshot shared by the team showcased a TON-funded wallet, hinting at a partnership between Blum and the TON ecosystem.
While the exact date for the airdrop has yet to be confirmed, industry speculation suggests it could happen next month, as the year approaches its conclusion.
Bitcoin is still facing 4 hour resistance at $99.6k (Prev Month High,) with another test and rejection from this level yesterday. This has seen a 5% sell off overnight, with $95.1k (Weekly Open) providing a small reaction so far.
BTC is struggling to hold onto the 4hr EMA200 at $96.5k, and if we see acceptance below this then we may finally see a retest closer to $92k again.$BTC
Bitcoin has reclaimed the key level of $96.5k (4hr EMA200 and Monday High.) No surpriseย to see $99.6k (Prev Month High) acting as resistance as this was a recent level of support before being broken.
Since the reclaim of $96.5k the level has not beenย retested, so if we get a pullback this is the area we would be looking for a reaction for upside continuation. Any 4hr reclaim of $99.6k and I expect BTC will start a move to $102k.
After continued rejections of the 4hr EMA200 (yellow line) yesterday, Bitcoin is now facing resistance at $95k (Weekly Open.) Watching for this level to be reclaimed, and a break of the downtrend before another attemptย at reclaiming the EMA200.
If the price continues to trend down, then we want to see $92.4k (Monday Low and Prev Week Low) give a reaction. Bitcoin Dominance has retraced a little and there are early signs that altcoins are starting to out perform Bitcoin.
Bitcoin has now accepted below the key level of $96.5k (Monthly Open and 4hr EMA200) and we can see this is now resistance, with recent 4hr candles rejecting from that level. With the start of the holiday season we can expect lower volumes and it may be best to watch how the Monday range plays out.
My idea remains the same that if we see $96.5k reclaimed again, and confirm as support, then we can expectย a push back towards $99k. We are seeing $95k act as an area of support and this needs to be maintained if we are to avoid a revisit of last week's lows at $92k.
Bitcoin has given a nice bounce followingย the sweep of $92k yesterday. This has seen a reclaim of the 4hr EMA200 (yellow line) and $96.4k (Monthly Open.)
We want to see $96.5k continue to hold as 4hr support, and the obvious resistance for now is $99.6k (Prev Month High.) any 4 hour close above $99.6k then it is likely we see a push towards $103k (Monday Low.)