#1000SATS

2024.11.07

UTC: 07:40

It showed a significant rise with the presidential election.

It managed to rise above the green accumulation zone and even created another one, but it came to an important resistance zone, especially seen on the 4-hour chart.

We have been seeing falling tops and falling bottoms since August. We will see whether the resistance zone it is currently in (4-hour chart) will reverse this process.

Therefore; It is normal for it to make a correction to the level of 0.0002370 or even to the level of 0.0002250 (the upper limit of the green zones), but anything below it will cause problems.

If these green areas are lost downward despite BTC making ATH, Trump being elected as desired by the crypto market, and the FED considering a second interest rate cut as certain, there is a game in the market that we do not know about.

Our expectation; It is to stay on these green areas and reach the grey area above and target dark blue short liquidities. For this, another new green area may be needed above. For example, at 0.00030 levels. (in the form of a ladder)