From the daily zoom out perspective Especially in December, I think that the chopping zone movements will end with a manipulative move in the first week of the new year, followed by an inevitable distribution phase.
4h | zoom in
If the price is to go up, I believe that the ugly and weak bottom structures formed over the past two weeks need to be cleared out before moving higher. I will consider this if confirmation structures come from the purple marked levels.
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#BTC | D-4h
From the daily zoom out perspective
Especially in December, I think that the chopping zone movements will end with a manipulative move in the first week of the new year, followed by an inevitable distribution phase.
4h | zoom in
If the price is to go up, I believe that the ugly and weak bottom structures formed over the past two weeks need to be cleared out before moving higher. I will consider this if confirmation structures come from the purple marked levels.