Current Price Action

Last Price: $101,678.2

Recent Local Low: Around $98,888.8

Previous Local High: Around $111,233.0

🧩 Interpretation:

Bitcoin dropped from ~$111K to ~$98.8K, then rebounded to around $101K–$103K.

This is likely a retracement or consolidation phase after a significant correction.

The moving averages show downward momentum, although flattening slightly (potential stabilization).

💵 Volume Analysis

Volume has decreased compared to early November.

Lower volume after a drop often means selling pressure is easing — a sign that buyers may soon step in.

🔍📈 Long-term trend remains positive (up 32% YoY),

📉 but short-term momentum is bearish to neutral.

🧠 Summary Analysis

Aspect Status Comment

Trend 🔻 Short-term bearish Below recent highs, lower highs forming

Support 💪 $98,800 Strong psychological and technical support

Resistance ⚠️ $103,700–$106,000 Needs breakout for bullish continuation

Volume ⬇️ Decreasing Indicates consolidation

Sentiment 😐 Neutral to mildly bearish Waiting for breakout direction

🔮 Possible Scenarios

1. Bullish Scenario (above $103,700):

Breakout could push BTC toward $106K → $109K → $111K.

Would confirm a short-term trend reversal.

2. Bearish Scenario (below $98,800):

Breakdown below support may trigger a fall to $96K–$94K range.

Could lead to more downside before recovery.

⚖️ Trading Outlook

Short-term: Range-bound between $99K–$103K.

Medium-term: Wait for breakout confirmation.

Risk management: Keep stop-loss below $98.5K if going long; resistance short entries near $103–$106K.

Am not financial adviser Trade Safe 🛑