Monday, 30 December 2024

Bitcoin Analysis: Liquidity has not yet returned, it is better to observe quietly.


Just as yesterday's analysis, Bitcoin broke below the Trendlines and continued to drop, stopping near 91550, closing with a strong 4-hour bullish candlestick. Unfortunately, this strong rebound did not last. As of now, Bitcoin's price has dropped back to near yesterday's low. If there was a liquidity hunting behavior around 90250 last night, we can consider it as building momentum for Bitcoin's takeoff after the new year. However, from a liquidity perspective, since the holidays have not fully ended, there will likely be a significant return of liquidity around January 6 next year, at which time a new major market trend will emerge. If during this period the price quickly drops to 90000-91000 and rebounds rapidly, it may be a good time to Buy again.

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