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I will begin BTCUSD Bybit Bitcoin Chart Analysis for December 6.
Bitcoin 4 hour chart.
Today's approximate top...
With the ease and positive economic data last week, market sentiment still believe the FED hawkish plan still holding.
technically, this may hold for sometime and may be as well a strong base for a long term bull market. however, we still need to see consistent monthly bull runs. At least two months or so for a long term bull trend.
The central bank is...
* Ma crossover on weekly tf, we got abcd pattern 0.5 extension. The monthly rsi has never been so low for us100. There is inverse head and shoulder chart formation. We also have divergence on weekly tf in rsi. On 4 hr tf price is Above all Moving averages. We could be in for a small pullback.
We're now trading in a discount market from here I would love to go up to grey marked area. Tomorrow anticipate a quick retracement after that move. See if some long opportunities develops around 12080.
It might be cancelled any time so will see what LTF advising.
Nasdaq is in a peek of the support of 13229 if it breaks this support then we can see the downtrend In NASDAQ up to the 2ns support of 12915. If It Doesn't break the support now then we can see the uptrend in the Nasdaq towards the resistance-1 of 13820 and then resistance-2 14411.