$GALA accumulating 👌 With small #LONG: here | TMC on Binance Square

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$GALA accumulating 👌 With small #LONG:  here 

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Market Update Bitcoin is currently hovering around the $96.5k mark, a crucial level that coincides with both the Monthly Open and the 4-hour EMA200. The orange trendline on the chart points to a consistent 4-hour downtrend since BTC reached its all-time high of $108k. A break above this downtrend could set the stage for a push toward $99k. However, if Bitcoin starts to face resistance at $96.5k, a pullback to retest the $92k level becomes increasingly probable. Traders should keep an eye on these levels for potential shifts in momentum.

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Market Update Bitcoin has experienced a strong bounce following the $92k sweep yesterday, reclaiming both the 4-hour EMA200 (yellow line) and the $96.4k Monthly Open level. The key support to watch is $96.5k on the 4-hour chart. As long as this level holds, the next major resistance is $99.6k, the Previous Month High. A 4-hour close above $99.6k could open the door for a push toward $103k, the Monday Low.

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The last few months have been really profitable... I've only worked a few positions in the previous month. Consistency is key in trading! Quality and low volume.

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Market Update Bitcoin is currently in the midst of a substantial correction, down 14% from its recent all-time high. Yesterday's daily close marked a key shift, as it lost the Daily EMA25 for the first time since October. The price is now approaching a critical point at the 4-hour EMA200, currently at $96.2k, which could signal further downward movement if breached. If Bitcoin fails to hold the $94k level (previous week's low), the next likely support zone is between $92k and $90k, where the wick from December 5th was formed. Traders are keeping a close eye on these levels to determine whether the price will stabilize or continue to trend lower.

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#Market_Update The Bitcoin market saw a continued sell-off yesterday, pushing the price below the $100k threshold overnight. The $99.6k level, which represents the high from the previous month, is currently acting as support on the 4-hour chart. It's important for this level to hold in order for a potential recovery. The price has moved outside of Monday's range, so we’re watching for a reclaim of the $101.2k mark (Monday’s low), which could set up a move back towards $105k. Looking at the daily timeframe, the $98.8k level is a key support area, corresponding to the daily EMA25. This has been an important level of support since the strong uptrend in early November, and maintaining this level is crucial for the continuation of the bullish trend.

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