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Ualifi Araújo
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Bullish
Analysis $BTC 12/17/2024
#BTC, we are following the plan perfectly... a new ATH was made today, but despite this we are seeing the entire market practically without any happiness, of course this is justified by the poor performance of #altcoin , since BTC Dominance was retesting the 58% region.
I understand that everyone wants a good Altcoin run, I want it too, I think at this point, WE ALL WANT IT... but the market does not do what we want, but what has to be done.
We touched the orange line and returned to very close to this gray band that I put here on the chart, the difficulty of jumping has already started, of course tomorrow is the day where we decide what to do, whether to go higher or cool down here.
Tomorrow should be an incredibly busy day, but I'm prepared lol and still holding some LONG positions to suffer along with you if that's the case lol.
We don't have anything different happening here, and although we're seeing the RSI quite stretched on some timeframes, I won't be surprised if we attack $110K tomorrow (if we get good numbers).
Gentlemen, I'd like to mention that $105K certainly wouldn't support the price in a possible fall (if we don't get the Interest Rate Cut). So, get ready for something lower if we don't get good numbers.
The BIG Buyers are still preferring to stay away from the price, of course that's good, but it doesn't need to be that far away ($100K). The Spot Buyers still can't hold the price here with ease, and we need to see this increase in the Asian Session if we want to break $108K tomorrow.
The big SELLERS seem to have reached a consensus and defending $110K seems to be a priority for them now, we can see that orders are forming there very quickly.
I remain optimistic and although I want a slowdown here for Altcoins to run, I am very excited about the next few days.
* 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.
#BTC, we are following the plan perfectly... a new ATH was made today, but despite this we are seeing the entire market practically without any happiness, of course this is justified by the poor performance of #altcoin , since BTC Dominance was retesting the 58% region.
I understand that everyone wants a good Altcoin run, I want it too, I think at this point, WE ALL WANT IT... but the market does not do what we want, but what has to be done.
We touched the orange line and returned to very close to this gray band that I put here on the chart, the difficulty of jumping has already started, of course tomorrow is the day where we decide what to do, whether to go higher or cool down here.
Tomorrow should be an incredibly busy day, but I'm prepared lol and still holding some LONG positions to suffer along with you if that's the case lol.
We don't have anything different happening here, and although we're seeing the RSI quite stretched on some timeframes, I won't be surprised if we attack $110K tomorrow (if we get good numbers).
Gentlemen, I'd like to mention that $105K certainly wouldn't support the price in a possible fall (if we don't get the Interest Rate Cut). So, get ready for something lower if we don't get good numbers.
The BIG Buyers are still preferring to stay away from the price, of course that's good, but it doesn't need to be that far away ($100K). The Spot Buyers still can't hold the price here with ease, and we need to see this increase in the Asian Session if we want to break $108K tomorrow.
The big SELLERS seem to have reached a consensus and defending $110K seems to be a priority for them now, we can see that orders are forming there very quickly.
I remain optimistic and although I want a slowdown here for Altcoins to run, I am very excited about the next few days.
* 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.
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