π¨ #Bitcoin Daily Outlook | Premium π¨ π Dec 20 Market Structure $BTC remains bearish on the Daily, trading below the 20 & 200 MA and below the Ichimoku cloud. Trend continuation is still favored. π Levels Support: $84,000 β $79,400 Resistance: $88,100β$89,600 Invalidation: Daily close above $97,000 π― Scenarios Primary: Rejection from $88Kβ$90K β continuation toward $82K / $79.4K Alternative: Relief bounce above $88K targeting $94K (corrective move) Risk: Strong volume reclaim of $97K π§ Market Psychology Fear & Greed: Neutral β dangerous zone No capitulation yet β downside not finished Smart money likely waiting below $80K DYOR π Final Bias: π Macro: Bearish π Short-term: Relief bounces possible 𧨠Below $79.4K = acceleration risk β No bull market confirmation yet #Bitcoin #BTC #Crypto #CryptoTrading #MarketStructure #BullRun
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.