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Clementine12
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🚨The Binance will delist #
BLZ
, #
AKRO
, and #
WRX
on December 25th.
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This is a candlestick chart for the $BTC from Binance, showing Bitcoin's price movements on a 4-hour timeframe. Key elements to analyze: 1. Fibonacci Levels: Fibonacci retracement levels (0.618, 0.5, 0.705, etc.) are drawn, suggesting potential areas of support and resistance. Key levels: 0.5: Around 97,328 USDT. 0.618: Around 98,923 USDT. 0.705: Around 100,099 USDT. These levels often act as price pullback zones before continuing the trend. 2. Current Price: At the time of the snapshot, Bitcoin is trading at 101,663.94 USDT. 3. Resistance Levels: 104,088 USDT is marked as a potential resistance level with a red downward arrow, indicating a price rejection or potential pullback from this point. 4. Trend: The chart shows an upward trend leading to a local high at 104,088 USDT, followed by a retracement. If the price respects the Fibonacci retracement levels, a rebound might occur, or a continuation downwards is possible if these levels break. 5. Volume and Sentiment: No volume data is visible on the chart, but observing how candles interact with Fibonacci levels can give insights into buyer/seller dominance. This analysis suggests keeping an eye on the Fibonacci levels for support and monitoring 104,088 USDT as key resistance.
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