If BTC.D just tests 54% again, we will inadvertently have a truly warm Christmas day after splitting the account.
Psychological emotions change continuously.
The other day $BTC crashed #DOM crashed
Today $BTC rises #DOM crashed
Ultimately, Westerners want money to celebrate Christmas, while Asians hope for money to celebrate Tet, but the Market only has one.
No chart can satisfy the needs of everyone.
For $BTC
- The weekly candle just closed with a slightly long red candle, this is a natural market correction as the psychological price zone of 100k has been broken and excitement is in an uptrend everywhere.
- BTC CME still has a GAP at 76k quite far, but that doesn't mean the market will fill this GAP right now!
- Based on the above factors, $BTC may adjust its price to buy more in the near future.
=> During this period, BTC may slightly adjust to the range of 89k - 91k and max pain 84k. However, this shakeout will happen very quickly. This means the price will go sideways down until the end of December 2024 and then quickly shake out to prepare for a rebound in Q1 2025.
For $ALTCOIN
- The current trend of ALTCOIN is still backtesting the large trendline (the price zone in November where ALTCOIN broke out). So it can't be said to be Bearish + Downtrend.
=> But the Bullish + Uptrend is slowing down, and it will not have positive changes until January 2025.
- In the cycles of 2017 and 2021, ALTCOIN broke out starting from the end of March and throughout April. May is the crash month in between.
+ In this 2025 cycle, I predict an earlier start by 1-2 months, so ALTCOIN will be unleashed around February-March. January will be a month of change and return to a price increase setup. The exit should be at the end of March and throughout April 2025.
#BTC☀️
