GOOD DAY!

Analysis $BTC 11/22/2024
#BTC, no words here, we continue very strong and severely attacking this $99K region. The spot sellers are working hard here to try to stop the price, and it seems that everything is contributing at this moment for the BULLS to gain even more strength.

We are having;
- Gensler's certain departure from the SEC.
- Trump's Bitcoin Reserve proposal already being articulated.
- People linked to Gensler leaving the SEC along with him.
- Saylor encouraging big Financial players to come to Crypto.
- The creation of Pro-Crypto regulation.

Anyway... We are seeing a lot of positive things that are helping the BULLS to keep pushing the price to $100K, and although the spot sellers are doing a good job here, they don't have much more to do and it is likely that they will give up on these prices, since they are not counting on the help of the PERP sellers, making it impossible for them to hold this for long, so we will move to $100K.

The interesting thing here is that although we still have a lot of large SELL orders going to $100K, some are already starting to go well beyond $105K, which shows some indecision from large sellers.

Although the price continues to rise without any major pullback, the RSI still looks good, and there is still some room to continue rising even higher than we initially thought, of course just above the $100K mark is where we can see that the BEARS are fiercely there. Let's see what happens, don't try to guess anything there, just play the game.

I still have the same thought:
If these big orders don't start to close, then we could see the price stop rising in that region. This is not about IF WE WILL RETREAT, it's just WHEN this will happen, so don't panic when that moment comes, as I said before, I think we are close to cooling off here in BTC, and it is necessary.

* 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.