Support around 97461.86 is the key
2025-01-04
Category: None


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When USDT is moving sideways, USDC seems to be leading the coin market in the short term by gapping up.


For the altcoin bull market to start, BTC dominance must remain below 55.01 or show a downward trend.


USDT dominance is expected to touch around 2.84 at the most.

If it touches around 2.84 and starts to rise, the coin market is expected to turn into a downtrend.

If USDT dominance rises above 4.97, a sharp decline is expected in the coin market.

After that, the trend of the coin market is expected to be determined depending on whether it is supported or resisted around 4.97.

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(NAS100USD 1D chart)

The point to watch is whether NAS100USD can rise above the support zone and be maintained.

The high point boundary zone is likely to be applied as a resistance zone, but if it breaks through upward, it is likely to create a new upward wave.

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(BTCUSDT 1D chart)

If it receives support near 97461.86, it is expected to turn into a short-term uptrend.

However, USDT must show a gap-up trend.

If not, it will fall again.

You should also check if the BW and DOM indicators rise above 0 and if the candle's Body color turns green.

Confirming support is a tedious and difficult task that requires checking the movement for at least 1-3 days.

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The point of interest is whether it can receive support near 101947.24 around January 10, the next volatility period.

If it falls, it is important to see whether it supports the important support and resistance area of ​​93576.0-94742.35.

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Thank you for reading to the end. I hope you have a successful transaction.

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- ​​Big picture
I used TradingView's INDEX chart to check the entire range of BTC.

(BTCUSD 12M chart)

Looking at the big picture, it seems to have been in an upward trend since 2015.

In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.

Accordingly, the upward trend is expected to continue until 2025.

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(LOG chart)

Looking at the LOG chart, you can see that the upward trend is decreasing.

Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.

Therefore, I expect that we will not see prices below 44K-48K in the future.

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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.

That is, the Fibonacci ratio of the first wave of the uptrend.

The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.

Therefore, this Fibonacci ratio is expected to be used until 2026.

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No matter what anyone says, the chart has already been created and is already moving.

It is up to you how to view and respond to it.

Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.

However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.

The reason is that the user must directly select the important selection points required to create the Fibonacci.

Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.

1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15

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