Bitcoin is Ready to fill CME Gap!!!
2024-12-18
Category: None

Bitcoin ( BINANCE:BTCUSDT )is approaching the  Resistance zone($105,560-$104,940) ,  Downtrend line , and  Cumulative Short Liquidation Leverage($105,654-$104,709) .

According to  Elliott's wave theory , Bitcoin seems to be  completing wave 4 . Probably  wave 4 will end in the Resistance zone($105,560-$104,940) .

I expect  Bitcoin  to go towards  filling  the  CME Gap($103,325-$101,840)   AFTER  breaking the  Support line .

 ⚠️Note: US indices (Federal Funds Rate, FOMC Economic Projections, FOMC Statement) can affect the trend of Bitcoin; the possibility that the market will get excited when the indices are announced is very high.⚠️ 
 

 ⚠️Note: If Bitcoin breaks the Resistance zone($105,560-$104,940), we can expect Bitcoin to rise further, especially if Bitcoin touches $106,200.⚠️ 

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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

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