Bitcoin / TetherUSShort
Daily Market Review and Analysis for BTC: January 7, 2025
#BTC (4h)
The total market capitalization of digital assets increased by 1.75% over the past 24 hours, and the dominance of the leading cryptocurrency grew by 0.6%.
#Bitcoin moved toward the first liquidity zone around $101,000, but the upward momentum was halted by seller pressure at $102,650. Then, Bitcoin lost the lower boundary of the formation, and the price continued to consolidate above the POC level ($97,400) before the next upward impulse.
Currently, the primary target for a decline is the $95,924 level. From there, there is a high probability of testing the gap midpoint at $99,433, after which the price will either move upward toward $102,724 or continue its decline to $90,500.
I am consolidating my previous thoughts from analyses that until the Bitcoin price at least clears the liquidity pools at $90,500, $88,722 and $85,000 levels, all upward price momentum above the $100,000 level will be considered a manipulation of the highs.
The total market capitalization of digital assets increased by 1.75% over the past 24 hours, and the dominance of the leading cryptocurrency grew by 0.6%.
#Bitcoin moved toward the first liquidity zone around $101,000, but the upward momentum was halted by seller pressure at $102,650. Then, Bitcoin lost the lower boundary of the formation, and the price continued to consolidate above the POC level ($97,400) before the next upward impulse.
Currently, the primary target for a decline is the $95,924 level. From there, there is a high probability of testing the gap midpoint at $99,433, after which the price will either move upward toward $102,724 or continue its decline to $90,500.
I am consolidating my previous thoughts from analyses that until the Bitcoin price at least clears the liquidity pools at $90,500, $88,722 and $85,000 levels, all upward price momentum above the $100,000 level will be considered a manipulation of the highs.
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