Bitcoin’s Rollercoaster Ride:Trump Effect or Market Speculation?

שלשום

Bitcoin(BTCUSDT) has experienced strong ups and downs in the last 48 hours. One of the main reasons could be the inauguration of Donald Trump as the President of the United States, in which people and the crypto community expected Trump to talk about the crypto market in his speech.

In one of the first steps, Donald Trump appoints pro-Bitcoin Mark Uyeda to replace Gary Gensler as Chair of the SEC. But we have to see how Mark Uyeda will behave in reality.

Bitcoin's rise and fall over the past 48 hours created a new All-Time High(ATH) for Bitcoin.

Bitcoin is moving near the Resistance zone($107,200-$105,500).

The possibility of forming an Ascending Channel for Bitcoin in the 15-minute time frame and the upper line can be a Resistance line.

I expect Bitcoin to fall to at least Cumulative Long Liquidation Leverage($107,632-$105,869).

Cumulative Short Liquidation Leverage: $100,807-$99,382

Note: If Bitcoin goes above $108,300, we should expect a new All-time High(ATH).

What do you think about the next movements of Bitcoin? Can Bitcoin make a new All-time High(ATH) again?

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analyze (BTCUSDT), 15-minute time frame.

Be sure to follow the updated ideas.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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שלשום

עסקה פעילה

My Short position has been activated.

The zone where Bitcoin is currently moving can be the second Top for the descending channel(possible).

If you are looking for a short position, you can set the Stop Loss(SL) to the following Points:

$108,533.0

$111,103.0

Please follow capital management and follow your strategy.

Cumulative Short Liquidation Leverage(Heavy): $110,043-$109,594

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עסקה סגורה: היעד הושג

Full Target Done