There's nothing new about the $BTC plan, it's still the same so let's take action.
Currently, $BTC has adjusted to the 64k support area and is having a gentle rebound, but the recovery force is still quite weak and will likely still hold the 64-65k area until the end of this week.
Expect next week $BTC to close above 65,357 => the market creates a good signal and moves towards higher lights.
🔥 Cash flow has returned to Crypto after a week of recession
👉 Last week there was $103M fixed in Crypto. Prospects for a Bitcoin ETF after meetings between BlackRock and the SEC brought money back after a previous decline
👉 Including 87.6 million USD converted into Bitcoin and 7.9 million USD converted into Ethereum
👉 $SOL continues to have 6 million USD transferred in, this is the 13th consecutive week of cash flow transferred into SOL. Other Altcoins: $ADA + 1 million USD, $AVAX - 2.6 million USD
➡When updating today, $BTC retested 41k8 - 42k to break out to 44k3 but failed because there is still a resistance area above 44k7.
➡In the H4 frame, $BTC is operating in the range of 42k9 - 43k2 with a high possibility of retesting around those 2 areas for further PUMP. If you sew 2 areas 42k9 - 43k2, the probability will be 41k6.
➡Everyone, please pay attention to scalp orders, current Long positions should mainly be aimed at selling positions. Except for the deep positions of swing entry, it still holds position as well as Spot.
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Opportunity to collect coins at Sale-off prices before Q1/2024.
Around this time next year, you won't be able to buy coins at this price. You guys just look at BTC.D and collect it.
There may be a correction coming to lure the underdogs and shake up their assets, but remember that what we experienced in the 2022 bearish trend was scarier than this much.
👉Top coins with the strongest intrinsic growth this season:
Quarter 1/2024: the big trend I think will explode
1. Halving: $BTC , POW coin 2. Upgrade Dencun $ETH: layer2, the original dex of the chain does not have a large value yet 3. Airdrop: Zksync, starknet: Find large dexes on the system 4. Gamefi: launching AAA quality games: good games, protocol infrastructure to serve gamefi
The day frame after testing the 39k - 40k7 support zone popped up and closed the candle. The green candle's body was quite long, completely covering the previous red candle. Furthermore, the lower moment was quite long, showing buying pressure in the 40k5 price range. quite high, and at the same time determine the RSI analysis between bottoms 1 and 2.
If the price closes above 43k475, it confirms the pattern of 2 bottoms in an uptrend, confirming that the uptrend is likely to continue and the next target is the 46k8 - 48k9 area.
The BTC trend continues to support frame D bulls, however, the price may not be increased immediately, still needs to accumulate. In the H4 frame, bulls gradually regained their advantage, the price could test the 42k - 42k8 range, before continuing to go up. If the day closes above 43k475, the trend is the 46k8 - 48k9 zone.
However, in my opinion, when BTC increases to the above target area, BTC.D also increases but does not negatively affect altcoins because at this stage there is quite a large cash flow in the market. #BTC🔥🔥 #BinanceSquareBTC #BinanceResignation #btc
The next wave I think will probably have a part of #GameFi
Currently, you can see that the big Trends all have their own highlights, interspersed with some very hot Trends in the past few weeks: #POW #BRC20 #meme ,....
In the near future, I think #GameFi will return to occupy the spotlight, especially after $BIGTIME, $ILV and $RON have strong leads, some Game-related projects that I have just filtered include $YGG , $PYR , $MAGIC and $OAS . Please refer to it.
➡️D1: forming a series of bearish candlesticks that create a new downtrend and the next peak gradually lowers around 4323x
➡️H4: price runs in the triangle until the end of the pattern gradually narrows and trades below ema34-89
The CME gap around 393 - 403 has not yet been filled. It is possible that if the model breaks above H4, it may find the gap area.
➡️ The expected level of BTC is that from now until the end of the year, it will be somewhere around 39k - 40k which is a nice consolidation area and $BTC will rise again to around 45k, highly likely within the month.
➡️ Analyzing the H4 $BTC frame, the price is reacting right in the 40k trendline area and has a high possibility of hitting 39k -37k
BTC.dom, after creating 2 peaks, has had a downward trend adjusting to the 52.9% area.
#BTC may adjust to the 37k - 38k area (At 40k5 there is slight support)
BTC is currently still in the priority support zone, waiting for a rebound around 4173x. Short or waiting for a confirmed break, then will follow.
+ On December 16th $ARB had a mild FUD because the Arbitrum network had high traffic.
+Analyzing chart D, last week the price tried to go up from $1.3 but stopped at the old peak of $1.25, there is a high possibility that the fish will shake off the goods so they can collect more and give it away.
➡️ We can see that when measuring with Fibo, there are 2 areas that we expect to have a high probability of falling: the 0.5 and 0.618 Fibo areas, which can go down and shorten up, creating a higher bottom than the previous bottom. You can also not withdraw letters to retailers you have lost trust in to get rid of the goods and then MM will give them to you.
➡️ But I'm still confident that the more I go down, the more I collect, what do you think?
- $BTC frames the day as a short body candle, continuing to show balance. Short-term trend of reduced preferred usage.
- H4 frame price has broken the trend line. However, the breakout signal was not supported when the RSI was 47. It is very possible that this breakout was a false breakout and the price continued to move down, trending down.
- The daily bullish frame remains supported in the medium and long term. However, in the short term, the bears are supported, the price may correct around 40k7 - 41k6.
General conclusion: With the current situation, BTC may have a downward trend to the 40k7 - 41k6 zone. But BTC.D also tends to support the bears, although not strongly, so altcoins are not affected much. Minimize the decrease amplitude of BTC which is not strong yet, many good altcoins with beautiful charts are even increasing. #BinanceSquareInsight #BinanceSquareBTC #tradinginsight #BTC🔥🔥