$BTC Market Analysis: December 25, 2024 🎄📈

Hello traders! 🚀 Merry Christmas to everyone! 🎅🎁 May this festive season bring you joy, happiness, and green candles in your trades! 🎄✨ Let’s analyze the market at this critical point where major moves are likely.

Scenario 1: Rejection at Resistance 🚫

If the market touches the resistance level and fails to break above it, a bearish rejection could follow. 🐻

Key Signs:

Double tops or reversal patterns forming.Momentum indicators showing weakness or divergence.Lower trading volume near resistance.

Plan of Action:

Look for confirmation (e.g., bearish engulfing or shooting star candles).Short the market or stay out if rejection confirms. 📉Set stop-loss above the resistance to limit risk.

Scenario 2: Breakout Above Resistance 🚀

If the market breaks out above resistance, we could see a bullish rally. 🐂

Key Signs:

Strong breakout candles with high volume.Retest of broken resistance as new support.Momentum indicators aligning with bullish movement.

Plan of Action:

Wait for a confirmation retest before entering. 🔥Set targets at higher levels like 120,000. 🎯Use stop-loss below the new support for protection.

Why Confirmation is Crucial ✅

Avoid false moves by looking for:

Clear Patterns: Engulfing candles or pin bars.Volume: A strong breakout or rejection needs volume to confirm.Retests: Resistance turning to support for breakouts.

Final Thoughts

Let’s wait for clear signals and trade smart. Remember, patience pays! 🧘‍♂️💡

Once again, Merry Christmas! 🎄 Let’s finish strong and prepare for a profitable new year! 🥂✨

#MerryChristmas #TradingStrategy #TechnicalAnalysis #bitcoin