Merry Christmas Everyone! 🎄🎅
Bitcoin has been on a strong run, climbing from 92k to 98k today. 📈
Key Observations:
Strong Support at 92k:
🛡️ This level has held strong for the third time in a month, indicating a robust support zone.
Crucial Week Ahead:
📅 The end of the year marks the closure of daily, weekly, monthly, and yearly candles, shaping the market direction in 2025.
Trump Factor: 🇺🇸 The upcoming Trump presidency could significantly impact market sentiment.
Potential Scenarios:
Scenario 1: ⚡️ Rapid Retest to 110k followed by a Correction:📈 A quick surge to 110k, then a potential correction to 104.5k before resuming the upward trend.
Scenario 2: 📈 Gradual Rise and Altcoin Season: 📈 A steady climb from 98k to 110k, potentially signaling the start of an Altcoin season.
⚠️ Altcoin Caution:
⚠️ If Scenario 1 occurs, Altcoin prices could experience significant volatility.
Possible Decline (Less Likely):
📉 A drop to 89k is possible but less probable given the current bullish momentum.
Trading Tips:
Set TPs/SLs:
🎯 Always set take-profit and stop-loss orders to manage risk.
Avoid Greed:
🚫 Don't let greed cloud your judgment.
Happy Holidays and Happy Trading! ❤️✌️
