Bitcoin Sets Its Sights on $110,000 Backed by Donald Trump
2024-12-08

Wishing you a great week ahead! 🌟
As we enjoy this calm moment before the market opens on Monday, let’s dive into our analysis of the current market state:

📈 Technical Overview:
The market is preparing for a transition into Phase E on the 4H timeframe, following a flawless Wyckoff accumulation process. This journey included a dramatic SPRING last Thursday, which shook out the market with one final shakeout. Now, we seem poised for a decisive breakout.

📊 Fundamental Outlook:
This week—and especially this month—promises to be intense and full of opportunities.
In the background, Donald Trump, the future President of the United States, is set to take office on January 20, 2025, fueling market anticipation.

📅 Key Events Ahead:
On Wednesday, we’ll see crucial monthly and yearly inflation data, including the Core CPI (excluding food, energy, alcohol, and tobacco).
Current expectations are neutral but leaning positive, aligning with our strong technical outlook.

💡 Mental Strength:
Mentally, we’re heading in a strong upward direction, at least for now!

Wishing everyone a successful start to the week 💪 and aiming for another strong green week ahead! 🌱