Uggly Weekly Close - Longs Stepping In - Bitcoin Today

Uggly Weekly Close - Longs Stepping In - Bitcoin Today

In this episode, we dive into the recent breakdown in Bitcoin price across various timeframes, comparing the current situation with historical price actions from 2020. We analyze the potential for a relief rally around the 25th of December and examine key support and resistance levels, trends, and indicators such as the CPR model, open interest, liquidity levels, and the RSI. We also discuss the implications of Google Trends data, SOPR, and insights from major exchanges and ETFs. The episode includes detailed technical analysis and coverage of the broader market’s impact on Bitcoin, offering valuable trading strategies for the coming weeks.

00:00 Introduction and Overview
01:04 Market Analysis: December 2020 vs. Now
02:21 Open Interest and Liquidity Levels
03:10 Yearly Chart and Market Cycles
04:17 Short-Term Trading Signals
05:01 Daily and 4-Hour Timeframes
11:54 Weekly Timeframe and RSI Breakdown
21:14 General Markets and Final Thoughts
22:33 Trading Platforms and Holiday Schedule

#BTCUSDT #BTCNews #Bitcoin2024 #btc #BITCOIN #technicalanalysis #crypto

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⚠️ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.