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BTC Santa Rally Setup - $93K Resistance Analysis 2024
Watch now ๐
Watch video summary:
Bitcoin faces critical resistance at $93K as five technical channels converge in the $87-90K zone following this week's CPI inflation drop to 2.7% and Bank of Japan's rate increase to 0.75%. The Trading Parrot analyzes three consecutive CME gap weeks forming a falling wedge pattern, potential Santa Rally setup with 76% historical success rate, and key trading levels at $81K support and $92-95K resistance. Watch to discover whether Bitcoin breaks out bullish or faces a revenge rally rejection at RSI 54 resistance.
00:00 PPI Results & Bank of Japan Rate Decision
00:44 CME Gap Pattern & One Hour Falling Wedge
03:36 Daily MACD Analysis & Potential Bull Cross
06:08 Liquidity Levels & Order Book Analysis
10:19 Long vs Short Ratio Trading Patterns
11:39 Crypto Intelligence Report Highlights
15:48 Santa Rally Statistics & Bank of Japan Impact
#Bitcoin #BTC #CryptoTrading #SantaRally #TechnicalAnalysis