Happy New Year 2024 from AN MISSION FOCUSED Team 🎉
Happy New Year to all our dear followers! 🌟 With the beginning of a new year, we would like to wish you success and wise investment in the world of crypto and digital currencies.
📈 The most important news for 2024 in crypto:
1. Bitcoin starts the year with positive momentum amid optimism about new regulatory decisions.
2. Expectations of increased interest in stablecoins as a means of hedging against market volatility.
3. NFTs enter new fields in gaming and education, which may boost their investments.
4. Increased talk about Web3 technologies that promise radical changes to the Internet.
Monitor your markets and be ready to take advantage of opportunities wisely. We are always here to support you in making your investment decisions. Together towards greater success! #AN_MISSION_FOCUSED
Weekend Cryptocurrency Market Report Brought to you by AN MISSION FOCUSED This week, the cryptocurrency market has seen significant movements under the influence of global economic developments and institutional flows. Our analysis focuses on the technical performance of major currencies, with prices updated based on the latest data.
Bitcoin (BTC) has seen dynamic movements in recent sessions influenced by changes in global markets. During Tokyo trading, Asian markets typically show selling pressure, a trend that has long dominated that region, leaving a noticeable impact on price movements. On the other hand, New York markets move in a different way; they often provide buying support during US trading hours, thanks to increased institutional interest and the inflow of Bitcoin ETFs【137】【138】.
In trading sessions, Bitcoin is observed to rise during the hours before the US markets open, driven by expectations of institutional inflows. However, the New York session has also been busy exploiting the differences between Bitcoin spot and futures prices to secure short-term gains【137】.
Recommendations:
Monitor the performance of the Tokyo session to identify areas of selling pressure.
Exploit the opening of the New York session for potential positive moves, while following news about market liquidity and ETFs.
Monitor other major market reports, such as Disney and ETF news, to see how unconventional factors affect demand.
The market remains full of opportunities for speculators and strategists, but informed decisions must be made based on up-to-date data and analysis.
XRP/USDT pair analysis based on the attached chart and liquidity news: Technical data: 1. Main levels: Buy Zone 1: (lower green zone) Strong support zone, indicating historical buying interest. Buy Zone 2: Upper support zone, shows buyers continuing to defend. Buy Zone Break: A potential break of this zone may indicate weakness in buyers and dominance of sellers.
Here is a brief analysis of cryptocurrencies based on current prices, liquidity, and forecasts for the coming days:
1. Technical analysis
Bitcoin (BTC): Fluctuating around $98,600, with resistance at $100,000 and strong support at $90,000. Prices saw significant gains last week but are struggling to break $100,000 due to selling pressure.
DOGE/USDT movement analysis according to the picture: 1. General pattern (Structure): The currency is moving in an upward range on the 4-hour time frame, with improving momentum. We noticed Higher High (H.H) and Higher Low (H.L) formations which indicate a continued uptrend. The Bull Run area identified represents a strong resistance level. 2. Head and Shoulders Pattern: If the Bull Run area (resistance line) is broken, we may witness the realization of an inverse head and shoulders pattern.
DOGE/USDT movement analysis according to the picture: 1. General pattern (Structure): The currency is moving in an upward range on the 4-hour time frame, with improving momentum. We noticed Higher High (H.H) and Higher Low (H.L) formations which indicate a continued uptrend. The Bull Run area identified represents a strong resistance level. 2. Head and Shoulders Pattern: If the Bull Run area (resistance line) is broken, we may witness the realization of an inverse head and shoulders pattern.
Currently, the cryptocurrency market is experiencing an upward trend driven by several factors:
1. Bitcoin (BTC): Briefly surpassed $100,000 and is targeting new highs of $131,000, supported by factors such as institutional adoption, inflation concerns, and reduced supply after the 2024 halving. However, there are signs of overbought conditions, which could lead to a correction before continuing the upward trend.
The penultimate red candle in the image represents a daily candle (on a daily time frame) and indicates that the Bitcoin price opened trading at a certain level, then fell during the day and closed at a price lower than the opening price.
Candle analysis:
1. Candle body length:
If the body is long, it indicates strong selling pressure during the day.
The body here is relatively medium to large, indicating that sellers controlled the market that day.
Legal Briefing from the AN MISSION FOCUSED Team Cryptocurrency markets have witnessed exciting developments over the past few days, which have been reflected in price movements and investor interest: 1. Bitcoin Volatility: Bitcoin has recently seen a 5.61% decline, raising questions about the continuation of the uptrend. Investors are advised to watch the next moves as signs of market instability emerge.
According to the updated data on the cryptocurrency market, the crypto market seems to be witnessing a positive momentum as we enter December. Currently, the price of Bitcoin (BTC) is hovering around $96,600, with expectations of reaching $100,000 or more by the end of the month if the current momentum continues.
Comparative report of DOGE analysis results - on behalf of the AN MISSION FOCUSED team
Previous results:
In the previous analysis, we noticed that the price had reached the Strong Sell Zone with a market structure forming that indicated a breakout of the Bearish Market Structure (CHoCH), giving the possibility of the price rising to the upper liquidity zones with a clear confirmation of the trend. This scenario was supported by high liquidity without major corrections.
We note that XRP/USDT has made a clear breakout of the CHoCH areas supported by high liquidity, reflecting strong buying momentum. With this sharp rise and no clear correction after the breakout, a possible market correction is expected in the coming weeks, especially if the recent high is not broken.