🚨 $BTC Analysis | 4H, 3D, and CME Gap Perspective 🚨

1️⃣ 4-Hour Time Frame (4HTF): Descending Triangle

From the chart, BTC appears to be consolidating within a descending triangle, with horizontal resistance near $93,900 and gradually tightening price action.

Enhanced Analysis:

1️⃣ Bullish Scenario:

A breakout above $93,900 could trigger a sharp rally toward $100,000-$104,000, aligning with the psychological level and historical breakout behavior.

Volume confirmation is crucial here. A spike in trading volume would validate the breakout and reduce the risk of a false move.

2️⃣ Bearish Scenario:

A breakdown below $91,000 could open doors for a revisit of key lower support zones:

$81,350 (minor support)

$77,000-$72,000 (strong historical zones of demand).

A failure to reclaim $91,000 post-breakdown would significantly increase the probability of a deeper correction.

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2️⃣ 3-Day Time Frame (3DTF): Ascending Channel

BTC is moving within an ascending parallel channel, indicating that the long-term trend remains bullish. However, caution is warranted as this channel may still allow for corrections without invalidating the larger uptrend.

Enhanced Analysis:

Upside Potential: A sustained breakout above the channel's midline (near $94,000) could act as a springboard to test the channel's upper boundary, targeting $104,000-$110,000 in 2024.

Downside Risk: If BTC loses the channel's lower boundary near $91,000, this could align with a bearish breakdown on the 4HTF, pointing toward the $72K-$77K zone.

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3️⃣ CME Gap Insight

The CME Gap between $77,000-$81,000 is now a critical factor to consider. Gaps have historically acted as magnets for price, with BTC frequently revisiting them.

Enhanced Analysis:

If the 4HTF breakdown materializes: The gap has a high probability of being filled, especially since the lower support zone aligns with the CME gap range.

If the 4HTF breakout occurs: The gap may remain unfilled for a prolonged period, as BTC moves toward the $100K+ region.

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🚦 Strategic Summary

1️⃣ Key Levels to Watch:

Resistance: $93,900 (breakout level).

Support: $91,000 (critical for breakdown confirmation).

2️⃣ Breakout Above $93,900:

Likely triggers a move to $100K-$104K.

3️⃣ Breakdown Below $91,000:

Targets $77K-$81K (CME gap), potentially extending to $72K.

4️⃣ Trading Approach:

Avoid impulsive entries until BTC breaks out or breaks down.

Use volume and momentum indicators to confirm the move.

#BTC93KNewATH #BitcoinETFOptions #BitcoinStrategy

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Final Thoughts

BTC is at a crossroads. While the 4HTF descending triangle adds immediate uncertainty, the 3DTF ascending channel suggests the long-term trend remains intact. Meanwhile, the CME gap introduces a wildcard element that traders should not ignore.

Until BTC clearly breaks $93,900 or falls below $91,000, caution is key. Manage risk carefully and wait for confirmation before making big moves.

💡 What do you think? Will BTC fill the CME gap or soar to $100K+? Let’s discuss!
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$BTC $ETH $XRP $SOL

#Bitcoin❗ appears ready to break new historical ground, with a bullish trend that is exciting investors worldwide. Since the breakout at $93,000, all signals point to a climb towards $95,000, or even beyond. Let’s dive into the market sentiment and what the future may hold for the king of cryptocurrencies.
An Unstoppable Bullish Momentum
For several weeks, Bitcoin has shown impressive strength. The recent breakout above $93,000 marked a decisive turning point. This level, previously a strong psychological resistance, was easily surpassed by the bulls. Now, the market offers a clear path toward $95,000, with very few sell limit orders recorded in the order books.
On the other hand, buyers are stepping in forcefully. Massive buy orders have been placed below the current price levels, establishing a strong support and minimizing the risk of sharp corrections. This is an ideal scenario for the continuation of the bullish trend.
Technical Analysis
1. Moving Averages (EMA)
The EMA(20), EMA(50), and EMA(100) are all showing a convergent upward trend. This setup confirms the market's strength and reinforces the likelihood of a sustained rally.
2. RSI Remains Healthy
With a value of 59.72, the RSI suggests that Bitcoin is not yet in overbought territory. There is still room for another upward impulse before reaching critical levels.
3. Order Books and Heatmap
A detailed analysis of the heatmaps reveals few obstacles up to $95,000. However, clusters of orders just above this level might make it a temporary resistance zone.

Market Sentiment: Bulls in Control
The technical indicators and traders’ behavior clearly show dominant optimism. The overall sentiment is bullish, and a breakout above $95,000 could trigger a wave of FOMO (fear of missing out), attracting even more investors.
This confidence is bolstered by the influx of buy orders below current prices. This dynamic creates a solid base for a potential rally towards $100,000.

End-of-Year Forecasts
The following scenarios are possible:
1. Optimistic Scenario:
A breakout above $95,000 would pave the way for a test of the psychological threshold of $100,000 before December 31. This milestone could be achieved thanks to strong buying pressure from both institutional and retail investors.
2. Intermediate Scenario:
A consolidation phase between $90,000 and $95,000 might occur, allowing the market to catch its breath before another upward push in 2025.
3. External Factors to Watch:
Global economic decisions (interest rates, inflation) and regulatory announcements regarding cryptocurrencies could influence the market’s short-term trajectory.
Conclusion: Get Ready for Takeoff!
With the current bullish signals, Bitcoin seems poised to write a new chapter in its history. Market sentiment favors buyers, and everything indicates that $95,000 is just a stepping stone to even more ambitious heights.
However, as always, stay cautious: watch out for sudden profit-taking and macroeconomic announcements. But for now, all eyes are on a clear objective: Bitcoin at $95,000… and perhaps $100,000 before the end of the year!
And you, what’s your plan to capitalize on this explosive growth? Share your strategies in the comments!
#BTC93KNewATH
#BTC☀

The December 20, 2024 expiration sees its highest call volume at $65.

With IBIT trading at $52.76, moving to $65 reflects a bitcoin spot price of around $114,339.

👉 The market is optimistic that Bitcoin price will end the year well above $100,000.
#COSSocialFiRevolution #BTC93KNewATH #90kCryptoZone #BinancePoolFractalBitcoin #DeSciRising $BTC