BTC Plan from now until Christmas for LONG SHORT enthusiasts
Resistance Zone for Sell: 101,800 - 104,088
Support Zone for Buy: 98,988 - 94,200
Bitcoin is accumulating in a strong bullish structure, nearing a key resistance zone. If it breaks through, the price could surge and increase significantly.
On the larger timeframe, the "cup and handle" pattern shows a positive signal, indicating that the upward trend continues. After reaching the 100,000 mark, the price has accumulated at a small low and is gradually increasing, with MA-50 as strong support.
However, attention should be paid to the Fed meeting on December 17-18, which may cause short-term volatility.
The technical focus is on the price range of 101,800-98,988, with the possibility of testing support before rising. If the price breaks down and accumulates below 94,200, this could be a deep correction.
Wishing everyone effective trading!