Assessment $BTC on December 19: - D1 Frame: after the full red candle from 106-100k yesterday, the upward trend in the D frame has been broken, BTC is back to a downward trend like the last 3 weeks when the price is still above the average line of the BB band. This means BTC may continue to rise in price but there won't be a significant breakthrough, and there will occasionally be long red candles like yesterday to shake off some holdings. Generally, as long as BTC closes the daily candle above the 100k zone, it can continue to rise, and the downward trend in this D frame can simply be understood as BTC will continue to accumulate holdings for another 2-3 weeks.
- D4 Frame: the D4 candle that just closed is really bad, BTC needs to close above 101500; otherwise, the price could be pushed down to 96k.
- W1-W2 Frame: this week closes the W2 candle, above 101200 the W2 candle remains green, however, the volume is small, so if it continues to rise, this week will see strong fluctuations to increase the volume.
=> Assessment - My article from Monday also mentioned that this week's bottom will fall into the range of 101 - 98 - at the deepest 92k. So this morning's drop to 98 can be considered the weekly bottom; if it breaks 98, then it's back to running. - I assess that BTC will continue to rise, everyone. These fluctuations are just to allow those holding BTC to release some, although there are no statistics yet, I believe that last night and this morning large organizations have accumulated a lot of BTC. - And as I mentioned above in the D frame, BTC will continue to move like this for another 2-3 weeks to continue accumulating, so each red D candle will be an opportunity for everyone to increase their position. - As for altcoins, please try to wait, everyone; they will be suppressed for quite a while. From the beginning, I have advised everyone that during this uptrend this year, investing in BTC is primary. - Please take note.
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