Today article is only for those who have some "how know" about market not for newbies. Read only if you are from some time in market. Today article will be lengthy as compared to past. Now let's start analyzing.
Yesterday update:-
In yesterday update we called out a dip from $101K level to $98,700 level. $BTC take dip from mentioned region but did not drop to lower level. It took bounce from first level $99,600 and now standing out at $102K zone. Now let's discuss about next expected price action of #BTC☀ .
BTC TA 12/14/2024:-
A high Liquidity area has been marked in image that shows s.l and liquidation level of shorters. If price take it than we will see sharp #Bitcoin❗ price drop. If it go do straight from here than we can see a support at $98,700 level. In both senerio it will drop.
If first senerio play out than it can even go to more lower level like $94K. Retest of $103k in shorter TF will be looking difficult. (Bigger TF will remain Bullish we are discussing shorter TF.)
If second senerio played out than we can see a support around $98,700 level and some chances it bounce again but we will analyze again once it hit 🎯 $98,700 level.
Mean in shorter TF we are bearish on #bitcoin☀️ price. Either it drop after testing $103K or from CP $102K it will go down and we will wait for dip to buy again. It is my personal opinion. Do your own research before taking any financial decision.
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