Key Insight
1. Bullish Trend: $BTC's price at $81,200 indicates strong momentum, but failure to hold above the 1/1 angle post-November 14 may signal a correction.
2. Correction Scenario:
- Break below 1/1 angle: Gradual correction to $72,000 (Nov 25) or deeper drop to $58,946 (Dec 12).
3. Support Levels:
- $72,000: Initial correction phase support.
- $58,946: Key support aligned with lower Gann lines.
Important Dates:
- Nov 14, 2024: Critical date to maintain levels above 1/1 angle.
- Nov 25, 2024: Potential start of decline to $72,000.
- Dec 12, 2024: Correction may deepen to $58,946.
- Q1 2025: Correction may continue unless a strong rebound occurs.
Caution: Bearish reversal possible if support levels fail.
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