The most resilient will endure and wait for the takeoff sooner or later, the weak with fear in their eyes will sell at a loss and gloat in the feed, calling the rest suckers. But in the end, only they will remain suckers. 😉
Those who understand, understand.
We hold on, despite all the tsunamis that have survived.
will bitcoin continue to fall or will there be a slight correction?
proAndy
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$BTC liquidated both short and long stops in 24 hours, which was predictable. It is currently in the consolidation phase in anticipation of today's announcement of a possible rate cut.
Once this happens, altcoins may start to grow. The dominance of $BTC is 57.77%, which is very high. It is premature to make forecasts before the rate news is announced.
The main thing is to stay calm, not to panic and make decisions with a cool head.
BTC Last week we saw a correction that turned out to be shallow but allowed for good altcoin purchases. At the moment, Bitcoin is updating its price maximum, which is positive and fits into the cyclical model. The nearest extreme is scheduled for December 22-24; let's see what levels we will be given. Don't forget that within the growing phase, Bitcoin can easily correct by 10-15%, and that is normal. Dominance is currently showing a correction from the first strong decline; all attention will be focused solely on Bitcoin for some time. The nearest levels for positional purchases are $65,800, $61,000, $57,000. The nearest resistance is $112,000, $122,000, $139,000.
Globally, everything remains unchanged - an upward trend, an impulse growth phase, and all serious declines can be viewed as an opportunity to make purchases.
Those who write will not ask you what will happen next week???
Dante Spiritus
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Bearish
$BTC the next target is 85. Then a bull trap and a move to 65-75. After that, we will go to 120-130. Possible adjustments may occur regarding timing and strength of impulses. Also, short-term deviations may be influenced by fundamentals, but the direction is clear.
The BTC/USDT chart shows a symmetrical triangle breakout pattern, suggesting potential upward movement toward $116,300. Bollinger Bands indicate reduced volatility, while price remains above the midline, showing bullish momentum. Stochastic RSI at 57.81 confirms strengthening upward pressure, and RSI Divergence Indicator at 53.80 aligns with bullish sentiment. Volume Profile highlights strong support near $99,300, reinforcing the breakout likelihood. This setup implies BTC's bullish continuation above critical resistance levels.
The USDT Dominance chart highlights a head-and-shoulders pattern, signaling potential bearish momentum for USDT dominance. Bollinger Bands show tightening, indicating volatility. Stochastic RSI at 74.48 suggests overbought conditions, supporting a reversal. RSI Divergence at 44.99 confirms bearish sentiment. This decline in USDT.D favors capital flow into BTC, aligning with bullish Bitcoin momentum expectations.
The BTC Dominance (BTC.D) chart highlights a breakdown from the ascending channel, retesting previous support turned resistance near 57%. Bollinger Bands indicate a narrowing range, suggesting reduced volatility. Stochastic RSI at 89.03 signals overbought conditions, while RSI Divergence at 47.78 confirms bearish momentum. A potential decline toward 40% dominance aligns with altcoin strength, supporting the bullish narrative for BTC and broader altcoin performance in the near term.
The BTC/USDT liquidation heatmap reveals significant liquidation clusters around $102,000, indicating resistance, while liquidity support near $99,000 shows bullish defense.
Entry: 100161.50 or Market Price 1st Tp: 104842.39 2nd Tp: 110149.20 3rd Tp : 116118.14 This signal is only for spot if you want future signals join my binance live. Just click on my profile to join my live. $BTC #swap_crypto
BTC USDT The trading is occurring in the zone of a locally ascending wedge, managed to pass the Ichimoku cloud and establish itself above it, now this zone serves as an additional support cloud for trading + we also see the trading of a rising local triangle that is nearing its end and basically I will expect its execution in the resistance level zone of the local ascending channel 109-111 k$.
CME closed in the zone of level 102300$, this zone acts as a magnet for the current price + I expect execution according to TA.
we will wait for the signal to buy, of course, it's better if it drops to 94
MU_Traders
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BTC Update
Today article is only for those who have some "how know" about market not for newbies. Read only if you are from some time in market. Today article will be lengthy as compared to past. Now let's start analyzing. Yesterday update:-
In yesterday update we called out a dip from $101K level to $98,700 level. $BTC take dip from mentioned region but did not drop to lower level. It took bounce from first level $99,600 and now standing out at $102K zone. Now let's discuss about next expected price action of #BTC☀ . BTC TA 12/14/2024:-
A high Liquidity area has been marked in image that shows s.l and liquidation level of shorters. If price take it than we will see sharp #Bitcoin❗ price drop. If it go do straight from here than we can see a support at $98,700 level. In both senerio it will drop. If first senerio play out than it can even go to more lower level like $94K. Retest of $103k in shorter TF will be looking difficult. (Bigger TF will remain Bullish we are discussing shorter TF.)If second senerio played out than we can see a support around $98,700 level and some chances it bounce again but we will analyze again once it hit 🎯 $98,700 level. Mean in shorter TF we are bearish on #bitcoin☀️ price. Either it drop after testing $103K or from CP $102K it will go down and we will wait for dip to buy again. It is my personal opinion. Do your own research before taking any financial decision.
If you find this article helpful then like it and follow @MU_Traders for more updates. #BTCReclaims101K #MU_Traders
thank you for the analysis I will be waiting for the next one about Bitcoin on Monday and about altcoins
proAndy
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$BTC domination is 56.67%, and throughout the day it was on the rise. My forecast: This weekend a drop of $BTC is likely. Serious players are going on vacation, while speculators are entering the game as if they had ever left it :) Accordingly, I expect a drop to $98,500 to trigger the stop losses of the logisticians. They won't be envied... They were shaved all week.
I closed my trades in anticipation of a clearer market, until Monday. Don't forget about stops and getting to breakeven.
I am preparing a text about promising altcoins, so subscribe. It will be useful for you and your wallet. Trade wisely and earn! 💰