Analysis $BTC 11/15/2024 #BTC, still no news... we continue | Ualifi Araújo on Binance Square

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Bullish

Analysis $BTC  11/15/2024#BTC, still no news... we continue working in the same price range as yesterday, and notice that we had great support in the $87,800 region, which was obviously expected and this puts us in a good situation here.
Yesterday's strongest pullback was caused by doubts about the FED's interest rate cut, since Powell is as always confusing and nonsensical, but I think we will still have some interest rate cut in DECEMBER.
Today's economic data did not make any difference in prices, and that is good.
Unfortunately, we are very close to the weekend and things are not reliable, however, if we are able to close the current 4h candle above $89,900 it will put us towards $95K during the weekend, and I expect that.
I think we could form a sideways channel over the weekend, between $90K and $95K, let's see what happens.
Today's buying was led by Binance, and next week I expect CB to start buying and stop selling, I also expect new records in ETFs, bringing even more excitement to the entire market!
This pullback was necessary and it was good, we had a readjustment of the RSI and formed a continuation pattern, so I apologize if I'm too optimistic, but the time is right for this.
Send this higher!
* 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.

LIVE

Ualifi Araújo

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Bullish

Analysis $BTC 11/14/2024

#BTC, still within expectations, we had a rejection yesterday and fell to $87,800, a little below what I initially expected, but we are still doing well and in any case we did not have significant movements because of the IPP data today. The decline is more related to the movement of some BTCs from the Bhutan Government Wallet to Binance!

I don't see much of a problem with this, especially because this wallet has never sold any Bitcoin, and I don't think they will start now. Of course, this movement creates reasons for big accounts to start with crazy narratives just looking for engagement in their posts, after all, we all know that at this time, pessimistic posts always get more attention, after all, it goes against the sentiment of the vast majority, unfortunately.

We are not looking for engagement here, and even less posts aimed at that, so let's move on.

Even though we had a -2.50% drop in Bitcoin, you can see that the altcoins were still very strong. Of course, there were some that fell -6%, but most of them only fell -2%, and others remained positive, which shows some strength against Bitcoin.

In my opinion, the PPI data came out a little differently than most would like, but it was not a problem for the market. Even though Powell is still speaking today, I think we will start off well tomorrow, and the altcoins should start to recover.

There is considerable liquidity above us around $95K, I think we could attack those prices... and of course this would trap several SHORTs and liquidate many others.

The spot buyers here are supporting the PERPs and we are seeing the RSI getting good at 58.27 (4h), it seems good to me... and I don't see YET where we can form a sideways channel to cool down, perhaps between $87,800/$98K... it will become clearer soon.

STAY SAFE!

* 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.

BTC

94,568.72

-3.56%

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