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X @Doctor Profit ๐Ÿ‡จ๐Ÿ‡ญ
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]