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CRYPTO MECHANIC
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Nice price action
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CRYPTO MECHANIC
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It’s been almost a month since Bitcoin has been stuck in this range. With the end of the year approaching, I think we could see volatility kick in as early as next week. If I had to guess the direction, I think we might see an end of year rally, either starting from the $89k–$90k zone, or after one more flush of the lows.
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$3500 is a key weekly zone to reclaim on $ETH This is where the bullish weekly structure broke. The current move up looks more like a bearish retest unless price reclaims this zone.
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Nothing changed on the $BTC weekly chart since we discussed it on monday. Still range bounded
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According to some reports Bank of Japan is planning to hike rates on the December 19th meeting. Sources say the BOJ is planning to even do more rate hikes in 2026. This is the reason behind the dump we are seeing in the market today.
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What will happen with $ETH if Tom Lee stop buying.
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