Bitcoin Breaking down Below $97K Could Test $74K-$72K

2024年12月22日

Bitcoin at $97,000 is crucial. $97.3K aligns perfectly with VWAP on the 1-day timeframe, this confluence makes 97K a crucial support level that represents the "fair value" of Bitcoin based on both price and volume in other words buyers and sellers agree on value. A breakdown at this point would signify that sellers are gaining control, making a shift in market sentiment.
A Breakdown of $97,000 could cause panic, triggering a cascade of liquidations and further declines.

$74K and $72K are Major Confluence Zone, the SMA200 and VWAP align at $72K creating a strong confluence this makes it a CRITICAL SUPPORT LEVEL that could act as potential reversal point or
attract significant buying interest (optimal buy zone).

While the immediate risk of Bitcoin breaking down $97,000 and retest $74,000 zone looms large, the broader macro environment under the next Bitcoin-supportive administration has great potential to counterbalance market fears.

2024年12月22日

交易進行

Sorry, this was mistakenly published, and I don't know how to re-edit it. There's wrong typo it's not $97.3K (is $92.3K) OR $97,000 level but $92,000 level instead. Sorry.

Besides that everything is correct.

Basically instead $97.3k IS $92.3K.

If someone here knows how to re-edit or delete ideas, please let me know.

Thank you very much