BTC ANALYSIS December 15
* On D1 frame: Yesterday's D1 candle was a Bullish Pinbar candle with a long lower shadow and closed near the top, reflecting good buying pressure during the day. In the context of the price approaching the resistance above, BTC still created a Bullish pinbar candle, which shows that the buyers are maintaining good buying power.
- The accumulation state continues to be maintained when yesterday's D1 candle continues to be in the Insidebar model I mentioned earlier.
* On the H4 frame: Yesterday, BTC had a retest of the downward triangle pattern with an H4 candle with a very long candle shadow and large volume, reflecting strong buying pressure from below.
- Observing, we can see that 03 H4 candles blocking the decline of BTC have long lower candle shadows and a sudden increase in volume, which shows that the buying force to support the price below is strong. Therefore, I still maintain the view that BTC will continue its uptrend, the target price range is 46-48k in the near future.
National TC
