12.25 Market Overview:

$BTC Bitcoin closed today with a bullish candle, forming a morning star with yesterday's doji and the day before's bearish candle, indicating a mainly upward trend today.

Last night's Christmas Eve gave the market a surprise with three large bullish candles, a gathering of forces; the first bullish candle provided a buy signal that broke through the resistance line, the second bullish candle was a stabilization signal indicating we could buy on the right side, the third bullish candle began to rally with reduced volume, giving a signal to reduce positions, while also showing a divergence with volume suggesting the bulls were starting to weaken; the next two consecutive doji bullish candles represented a stalemate between bulls and bears, until the appearance of the next inverted hammer candle indicated a pullback, providing a signal to exit, which is the analysis given by the bare K.

Bitcoin is now oscillating in a narrow range between 97269-99545, and today is also Western Christmas with the US stock market closed, resulting in insufficient liquidity; the Asian market is currently in a downward trend, we will see in the afternoon and evening if it can pull back above the pressure line near 99K, buying on dips near the support around 97269 or breaking through the resistance line and stabilizing is also a consideration for buying; Bitcoin support is seen at 97226, 96528, 95830 with resistance at 98643, 99015, 99545.

The above information is for market analysis only and is not a trading reference; follow me for the latest posts and wealth codes every day! Remember to like and follow!