#BTC.😉.

Bitcoin (BTC) Technical Analysis - December 24, 2024

1. General Trend

Current Trend: Ongoing bearish trend. The price is below the 50-day and 200-day moving averages.

2. Support and Resistance

Support: $95,195. Breaking below this level may push the price towards $90,750.

Resistance: $100,000. Breaking above this level could restore bullish momentum.

3. Indicators

RSI: Near oversold levels (<30), signaling a potential rebound.

MACD: Negative signal supporting the bearish trend.

Recommendations

1. Short-Term Selling: If $95,195 support is broken, target $90,750 with a stop-loss at $96,000.

2. Buying on Rebound: Wait for bullish signals near $90,750 support, targeting $95,000.

3. Risk Management: Use a stop-loss of no more than 2-3% of your capital.

4. News Monitoring: Major events can suddenly shift the trend.

Note: Always monitor volume and volatility before entering any trades.