A personal vision and perspective, and not a recommendation
The height and volatility of Bitcoin and the market leader will follow a horizontal path between 90,000 and 94,000 until the end of the monthly candle next Sunday, based on the indicators and the modest liquidity available (for speculation). There is no news, incentive, indicator, or liquidity to move us to higher areas than that (meaning) positive intersections on the daily frame are negative on the four-hour and weekly frames as confirmation of Bitcoin's negativity..
Previously, I mentioned our rebound from the 80,000 area (not convincing), and I see that the drop to the 74,000 area is inevitable, coinciding with the previous time frame I talked about on November 11, which is (December 2). The beginning and start of December will see our drop as inevitable.
What is the plan for managing the risks during this period:
- Those who are involved should reduce their holdings at 94,000 and sell some, and when the drop is confirmed, they should buy back from lower areas to adjust the quantity and average costs.
- Those who are out of the market should pay attention to their speculation and be careful to liquidate their currencies and wait for the drop to enter safely at the 74,000 to 72,000 area.