Market Analysis & Predictions - The analysis suggests Bitcoin is likely in a bear market, anticipating new lows with potential relief rallies [2] - Two major liquidity clusters are identified around $97k and $107k, suggesting potential short order placement zones [1] - A retest of the weekly EMA50 (Exponential Moving Average 50) around $99k-$100k is anticipated, aligning with the first liquidity pool [1] - The most probable scenario involves market makers grabbing liquidity around $97k while retesting the weekly EMA50 [3] - A move above the weekly EMA50 could create bullish sentiment, potentially pushing Bitcoin from $100k towards $107k [3] - The analysis anticipates a significant downside move towards the $70k region after a potential fake pump [4] Risk Assessment & Strategy - Maintaining short positions from $115k-$125k is favored, with plans to add more between $100k-$107k if the market provides the opportunity [4][5] - The confirmed death cross is highlighted as a bearish indicator, despite potential emotional shifts in market sentiment [5] Economic Factors - The FOMC (Federal Open Market Committee) statement on December 10th is expected to introduce significant volatility [1] - The market anticipates an 86% probability of a 025% rate cut, with a potential strong selling response if no rate cut occurs [6]

Core Insights - The article emphasizes the importance of conducting thorough due diligence before making any financial decisions, particularly in the context of investments and trading [1] Group 1 - The content includes general news and personal analysis intended for educational and research purposes [1] - It highlights that the information provided is not a recommendation or advice for any financial actions [1] - The website does not guarantee the accuracy or real-time nature of the information presented [1] Group 2 - The article mentions that trading decisions should be made at the individual's full responsibility [1] - It warns about the high risks associated with complex financial instruments like cryptocurrencies and CFDs [1] - The content encourages users to perform their own research before making investment decisions [1]

Group 1 - The 50-Day support line is currently at risk, having been tested twice since the breakout in June, with the first test resulting in a bullish hammer candlestick pattern [1] - A significant resistance was encountered at the 200-Day moving average after a sharp advance, indicating a successful test of resistance at the lower rising trend channel [1] - A bear flag pattern was triggered with the breakdown below the lower channel line, indicating potential bearish momentum [1] Group 2 - There is a notable support zone between $65.65 and $65.00, which has previously acted as both support and resistance, including an AVWAP level from the April low [2] - Crude oil found support and bounced from the AVWAP line during a sharp drop from the trend high four weeks ago, reinforcing the significance of this support zone [2] Group 3 - A decisive decline below $65.00 could lead to the 61.8% Fibonacci retracement level at $64.50, with a potential further decline to the 78.6% retracement at $60.71 [3] - An ABCD pattern suggests a potential target of $64.42, aligning with the 61.8% Fibonacci level, indicating a critical price area for future movements [3] - The behavior of the market after reaching the $64.50 area will be crucial, as strong support may lead to a bounce, with recovery speed of the 50-Day MA being a determining factor [3]

Group 1 - The 20-Day moving average has recently turned down, indicating potential resistance around the 200-Day MA and the 20-Day MA, consistent with a bearish flag formation and a bull channel breakdown [1] - A significant support zone is identified between $65.74 and $64.50, which includes the 50-Day MA and other technical levels, suggesting that a decline below the 61.8% Fibonacci retracement will confirm a continuation of the bear flag breakdown [2] - A rally above today's high of $67.41 could lead to testing resistance around the 20-Day MA at $68.47, while a decline below today's low of $66.50 would trigger further bearish movement [3] Group 2 - The current market conditions reflect a narrow trading range, which is not typical for a solid breakdown, indicating caution among traders [3]