Bitcoin Analysis==>>Bears' Turn for Selling Pressure!!!
2024-12-25
Category: None

As I expected ,  Bitcoin ( BINANCE:BTCUSDT ) rose to the  Resistance zone($100,000-$98,130) , the  lower line of the ascending channel  and  100_EMA(4H TF) .

According to  Elliott's wave theory , Bitcoin is  completing wave 4 . The structure of wave 4 is  Double Three Correction(WXY) .

Also, the  Volume of candles  that  brought Bitcoin up  to the  Resistance zone($100,000-$98,130)  is  not  significant for me.

I expect  Bitcoin  to at least fall to the  Support zone($95,890-$95,540) . And if the support zone breaks, we can expect  another attack  on the  Support zone($95,000-$90,870)  and  50_SMA(Daily)  and fill the  CME Gap($94,435-$93,935) .

 ⚠️Note: If Bitcoin goes above $100,000, we should expect more PUMPS.⚠️ 

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Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

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