Market Analysis
December 9, 2023
⚪️TECHNICAL (1W)
Bitcoin (BTC) is currently experiencing a breakout above the $44,000 mark, signaling potential momentum for its next target at $48,000. It's crucial to closely monitor the weekly candle close, as a confirmation above $44,000 in the weekly timeframe would serve as a robust indicator for the overall market sentiment and potential upward movement.
⚪️WRAP-UP (VIP)
The weekly candle closing above this key level could suggest sustained strength and increased confidence among market participants, potentially paving the way for further bullish trends.
$BTC DAILY RANGE:
📈Upper Limit: 44700
📉Lower Limit: 43000
(+-14% based on moving average volatility open/end points)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲43000
🔴SHORT
💲47500
