BTC ANALYSIS 12/12: CREATING FOMO
After two consecutive corrective phases, BTC could not break the lower edge of the uptrend channel, creating H4 candles with wicks above the 95600 area.
The resistance here is enough to make BTC bounce back up, with the next price target being 103-105000, and then it may return to the 9500 area to continue breaking downwards; I am waiting for a daily candle to close below 91000 to accurately determine the next long-term downtrend cycle.
Altcoins are not looking as good; currently, prices have mostly dropped 20% and haven't rebounded strongly like BTC. This could be the last chance to escape before BTC returns to another corrective wave.
In this wave, MM may push low-cap coins or fantokens to pull liquidity, creating a false effect of an uptrend. Note the coin code Portal.
