 Bitcoin Analysis: Key Levels to Watch!
2024-12-28
Category: None

The BTC/USDT chart shows an interesting setup heading into the next trading sessions:

Support Zone: Dips into the $93K region are likely to attract strong buying interest, as this area is a critical support highlighted by the red zones ("Bear Day" & "Bear Week"). If the price holds this level, we could see a potential bullish reversal targeting the $100K psychological level, aligning with the "Bullish Swing" and weekly resistance zone.

Upside Potential: A bounce from $93K could send BTC soaring toward $100K, with the next key resistance at $99,500-$100,000, a confluence of major weekly swing levels.

Downside Risk: However, a daily close below $93K would be concerning, as it opens the door to lower levels, with the next target in the $91K- GETTEX:92K  region or even deeper. The red zones below $93K highlight areas of increased bearish momentum.

📊 Strategy:

Bullish Case: Long positions around $93K with tight stop-losses below the support zone. Targets:  GETTEX:97K , $99K, and $100K.
Bearish Case: Monitor for a confirmed breakdown below $93K for short setups targeting lower levels.
Patience is key! Let the levels dictate your next move. 🚀📉