According to the figure, Bitcoin trades for approximately two days, trading between 60,000 and 62,000 dollars
We are waiting for action soon, whether up or down
I see a lot of low indicators on near and long frames
RSI It indicates a rise coming soon on the weekly frame
Fibonacci FB The $56,000 point is the end of the downward wave, so the 57 to 60,000 area may be the end of the wave.
Trends We are in an upward wave, and any drop below $60,000 is a long-term gain for alternative digital currencies and is considered a collection area for currencies.
Fear and Greed Index It is declining strongly today, which expresses clear fear among traders, and the possibility of a strong rebound is most likely
Personal opinion The rise is the closest to reaching over the coming hours after a flash bearish candle
This area is dangerous for random trading, whether Spot or Future Just support the channel by interacting and publishing the channel link, we are only working for you ๐๐ป๐โค๏ธ
๐ท๐บ Russia Announces a Six-Year Ban on Bitcoin Mining in Ten Regions, Starting January 1, 2025, Due to Concerns Over Energy Consumption!
The regions covered by the ban in Russia:
Dagestan Ingushetia Kabardino-Balkaria Karachay-Cherkessia North Ossetia Chechnya Occupied Territories of the Donetsk and Lugansk People's Republics The ban decision includes these regions due to concerns over energy consumption! โก
How will this decision affect the crypto mining market? ๐ค
๐ท The Japanese Finance Minister says that they are monitoring the decline of the yen against currencies and are concerned about this weakness of the yen.
โฌ ๏ธ He indicated that they are ready to trade to stop this decline and weakness of the yen.
๐ท Bitcoin bled a good amount after signals from the US Federal Reserve last week, during which it suggested the possibility of slowing the pace of interest rate cuts and supporting the dollar.
๐ท Liquidity in the market is still weak due to the approaching Christmas holiday.
๐ท As today is the last trading day before the market enters the holiday tomorrow, Wednesday, until Thursday evening.
โฌ ๏ธ Therefore, trading will remain weak and movements, as we see, are at their minimum
For the first time in the history of Bitcoin cycles, we are witnessing a real supply shock! ๐
๐ก A supply shock in Bitcoin means a significant decrease in the amount of Bitcoin available on the platforms, which may push the price up due to increased demand.
๐ด Price ๐ Supply
Do you expect a significant impact on the price? ๐ค