Bitcoin $BTC Trend Update 12/13/2023

13 ธ.ค. 2023

1.Multi-frame analysis

D1 frame - compare volume of 12/08 and 12/09
The candle on 12/09 is small, but the volume is more than 50% compared to the previous day. This proves a strong correction to 40k.

H4 frame:
It has created an uptrend and at the same time two rising peaks appeared, making it more likely that the D frame will adjust to 40k.

H1 frame:
A pinbar with volume more than half of the previous candle appeared -> this will be a temporary support point to swing around the 40k5 and 42k3 area.

2. BTC.Dom:

The H4 frame has returned to the support area, with a high probability of rebounding to 53.43 - 53.7.
While BTC.D rebounds and BTC falls, you should hold USDT because at that time altcoins are in limbo.
Some ecosystems such as AVAX, ATOM are not affected by BTC.

3. BTC CME:
A GAP appeared in the 39k4 and 40k3 area, which is why BTC recently dumped hard to fill it in again.

4. Conclusion:
Wait to buy Long (70%) and Short (30%).
Be careful in this phase. Good luck !