Monday Breakdown: Bulls MUST Act Now - Bitcoin Today

Monday Breakdown: Bulls MUST Act Now - Bitcoin Today

In this episode of 'The Trading Parrot', we delve into the crucial resistance and support levels for Bitcoin after closing a daily candle above 100K. We explore the current red candle formation, weekly candle closes, and potential downside for the week. Key discussions include comparisons between 2020 and 2024 charts, significant resistance points such as 99.9K, and support levels like the ascendant trend line and RSI trends. Additionally, we analyze liquidation levels, and trading strategies, and offer insights on how market dynamics could influence the cryptocurrency's price movement.

00:00 Welcome to the Trading Parrot
00:07 Analyzing the Recent Market Movements
01:01 Comparing 2020 and 2024 Trends
03:09 Critical Support and Resistance Levels
03:59 Weekend Market Activity and RSI Analysis
08:49 Order Book Insights and Market Sentiment
19:17 Altcoin Season and Market Predictions
20:28 Trading on Bybit and Other Exchanges
21:54 Conclusion and Final Thoughts

#BTCUSDT #BTCNews #Bitcoin2024 #btc #BITCOIN #technicalanalysis #crypto

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⚠️ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.