Bitcoin Daily Review
2025-01-09
Category: None

Seven 8H bear candles in a row... approximately 1 billion liquidations in longs alone within past two days. BTC finally dipped below 2024 close ✅ 

I still believe that BTC should bounce back to +/- 98k. At least while market moves sideway (for the past 2 months) its justified to expect price to stay within the range (until it is broken). Previous consolidation stage took more than 8 months, so I hope this time it won't be that extended.

If that consolidation range will get broken, correction target is pointed by multiple factors: CME gap + 2024 VAH + developing Week 20sma - it all comes to +/- 80k

Nearest liquidity pools:
above - 93850 / 95750 / 96710 / 97350
below - 92540 / 92025 / 91065 / 89590

Lines on the chart:
🔸99660 - November high
🔸98340 - week close 
🔸97843 - Q4 VAH
🔸96475 - November close
🔸93549 - 2024 close
🔸91510 - week low
🔸90200 - December low

Trend: D ➡️ W 🔼 M 🔼

🤑 F&G: 69 < 70 < 78 < 76 < 72