Below is the current analysis of Bitcoin (BTC) based on information from Binance (December 6, 2024):

Price area analysis:

Strong resistance zone:

  1. $95,000 - $96,000: Strong resistance zone in the past week, where the price of Bitcoin has struggled to break through in recent attempts.

  2. $100,000: Important psychological price level, likely to be a major resistance threshold if the market continues to rise sharply.

  3. $105,000 - $110,000: Local peaks from August and September, will be a challenge if the price surpasses $100,000.

Strong support zone:

  1. $90,000 - $91,000: Recent support, where the price stabilized and turned upward at the end of November.

  2. $85,000 - $87,000: Important support zone, where Bitcoin has rebounded strongly before.

  3. $80,000 - $82,000: Solid support since mid-October, will be an important level to monitor if there is a deep correction.

Trend analysis:

Short term (1-2 weeks):

  • Current trend: Strong upward movement, with the price of Bitcoin fluctuating around $95,000. Technical indicators such as RSI and MACD are showing strong bullish momentum.

  • RSI: Currently at 60-70, indicating the market may continue its upward trend but caution is needed for overbought risks if RSI exceeds 70.

  • MACD: Strong growth signal, but watch for negative divergence if signs of losing momentum appear.

Medium term (1-2 months):

  • Trend: Bitcoin is likely to maintain strong gains, with forecasts exceeding $100,000 this year. Inflows from Bitcoin ETF funds and the participation of institutional investors continue to be major supporting factors.

  • Bollinger Bands: The Bollinger Bands are widening, indicating strong volatility in the near future.

Trading recommendation:

Spot strategy:

  • Entry: $90,000 - $91,000 (near strong support).

  • Target 1: $95,000 - $96,000 (+5-7%).

  • Target 2: $100,000 (important psychological level) (+10-12%).

  • Stop loss: $87,000 (-3-4%).

  • R/R ratio: 2-3.

  • Probability of success: 60-65%.

Future strategy:

  • No recommendation for futures trading due to high volatility and risk.

  • If you want to trade futures, use low leverage (2x) to minimize risk.

Reason for recommendation:

  • High volatility in the short term, but a solid long-term uptrend.

  • Current price area near strong support, may be a reasonable accumulation opportunity for long-term investors.

  • Inflow from ETF funds and institutional involvement indicate stability and potential for further growth.