$BTC The daily chart of Bitcoin is telling us a story of high tension just before the year closes. If you take a close look at today's movement, December 23rd, the price seems to be stuck in a tight alley near $87,600.
What we are seeing technically is a full-blown battle; after coming from much higher prices, the market has formed what seems like a pause before deciding its next big leap. The problem is that strength indicators, such as the RSI, tell us that the momentum right now is with the sellers, and as long as we don't strongly reclaim the $90,000 zone, the risk of looking for $85,000 or even lower levels remains on the table.
The big lesson from this scenario is to learn to differentiate between a "bounce" and a "free fall." In trading, patience often pays off better than adrenaline. Many see red and rush to buy thinking it's the bottom, but on a daily timeframe, Bitcoin teaches us that supports can break if there isn't enough volume to defend them. Don't rush to enter just because it's Christmas; sometimes the best gift you can give yourself is to protect your capital and wait for the chart to confirm that the danger has passed.
Trading cautiously in these low liquidity days is what separates those who survive from those who burn their account before the year-end toast.
🖇️ This is educational analysis, not investment advice. The crypto market is volatile and you can lose your money if you don't manage risk.
Do you think Bitcoin will hold this support or will we get a bearish scare before the grapes?
