Following the USA election, the crypto market experienced a significant rally, seemingly pricing in expectations around the Inauguration of Donald Trump. As the market has likely anticipated much of the impact from potential upcoming policies, we could see oscillations between sharp rises and falls in the coming days. A downward correction appears more probable as the immediate effects seem baked into current prices.
Technical Analysis: BTCUSDT broke out of a trading range, achieving its target with a ~9% rise, equivalent to the range's height. The price hunted liquidity above the previous highs, which reinforces the possibility of a fall. A decline from the current zone is likely, with key support zones highlighted on the chart. 📈 Watch for reaction near $102,600 and $100,100 zones.
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Bitcoin - 4H Update
As discussed earlier, Bitcoin has been trading perfectly within the identified range between $101K and $108K. The price has made three clear legs within this range, respecting the boundaries and providing excellent trading opportunities.
🎉 A big congratulations to all our members who followed our trading signals and insights during these moves – we've successfully capitalized on these opportunities!
📊 Keep an eye on these levels as the market continues to oscillate within this range, and stay tuned for the next profitable move.
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Look at these incredible profits we've secured during the recent trading range! 💸 - BTCUSDT +74.40% - CAKEUSDT +59.50% - SUIUSDT +105.55% - IOTAUSDT +188.52% - LTCUSDT +71.65% - OMGUSDT +80.93% ...and many more! 🚀
This is the power of trading with precision, strategy, and expert analysis. Huge congrats to everyone who followed the signals and made the most of these opportunities. Let's keep the momentum going and capture the next wave of profits together!
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Trade closed: target reached
Bitcoin experienced a sharper drop than anticipated due to Deep-Seek company news and declines in NASDAQ alongside other risk assets. Safe-haven currencies like JPY and CHF strengthened significantly.
Now, Bitcoin has reached the bottom of the trading range highlighted in previous analyses. A potential recovery towards the top of the range seems likely. If the momentum builds, it could aim to hunt the liquidities above, as discussed earlier.
Stay cautious and monitor price action for confirmation of the next move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.