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Ualifi Araújo
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Bullish
$BTC Analysis 04/01/2025
#BTC, following the plan perfectly, we are seeing a price pullback to the $97,500 region, which is normal even for being the weekend and is clearly an attempt to form support in that region, which is exactly what we need to continue rising during the next week.
It is very likely that in the next 4 hours we will start to improve here and we will work above $98K, thus establishing support in that region and leaving room for tomorrow to work between $98K/$100K.
I am particularly interested in the BTC price above the blue band on the chart because I think that is where its Dominance will lose strength and continue to fall, and with the Bitcoin price in that $98K region it will help the #altcoin to continue their upward trends more easily.
It is the weekend so we don't need much data here, just look at the price closing today.
Things are looking good here, the RSI still gives us some room to continue and the EMA 50 (4h) is rising to support the price in this current region. Also in this sense we are seeing the big SELL ORDERS COMING OUT OF $100k which was already expected, it doesn't make much sense for them to stay there and I mentioned this last week, and soon the other orders should do the same!
We are fine, so enjoy the weekend and relax a little, enjoy the family!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
#BTC, following the plan perfectly, we are seeing a price pullback to the $97,500 region, which is normal even for being the weekend and is clearly an attempt to form support in that region, which is exactly what we need to continue rising during the next week.
It is very likely that in the next 4 hours we will start to improve here and we will work above $98K, thus establishing support in that region and leaving room for tomorrow to work between $98K/$100K.
I am particularly interested in the BTC price above the blue band on the chart because I think that is where its Dominance will lose strength and continue to fall, and with the Bitcoin price in that $98K region it will help the #altcoin to continue their upward trends more easily.
It is the weekend so we don't need much data here, just look at the price closing today.
Things are looking good here, the RSI still gives us some room to continue and the EMA 50 (4h) is rising to support the price in this current region. Also in this sense we are seeing the big SELL ORDERS COMING OUT OF $100k which was already expected, it doesn't make much sense for them to stay there and I mentioned this last week, and soon the other orders should do the same!
We are fine, so enjoy the weekend and relax a little, enjoy the family!
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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