BTC - Christmas Theme Analysis 🎄

Hello TradingView Family, this is Richard, and I want to wish you all a Merry Christmas.

I hope you enjoy this Christmas Theme Idea.

After acquiring the 🎁Gifts at 16,000 and breaking above the 🎄Christmas Tree neckline resistance at 30,000, 🎅Santa Claus has been heading North towards the previous all-time-high ⭐️Star.

📈 BTC is approaching the 48,000 - 50,000 resistance / supply zone. For the bulls to remain in control and push towards the all-time high, a break above the 50,000 level is required.

📉 Meanwhile, there is still a possibility that BTC may reject the 48,000 resistance and undergo one more bearish correction, reaching the 30,000 - 32,000 support before the next upward impulse begins.

Which scenario do you think is more likely to happen first? Why and when?

📚 Always adhere to your trading plan, including entry points, risk management, and trade management.

Good luck!

Merry Christmas, Everyone! 🎄
~Richard Nasr

Commento:

For those who have been inquiring about the Daily view:

The bulls will continue to dominate unless the recent low in blue, approximately 40,500, is breached to the downside.