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120K On The Table: FOMC Level Volatility - Bitcoin Today
120K On The Table: FOMC Level Volatility - Bitcoin Today
In this latest update from The Trading Parrot, we delve into Bitcoin's price reaching nearly $108,000, approaching a critical monthly resistance level for December. We analyze key support levels, MACD daily signals, weekly timeframes, and new milestones. The video covers several important topics such as liquidity, potential sideways movements, and implications of the FOMC meeting. Detailed technical analysis includes Fibonacci extensions, RSI trends, market cipher divergences, and liquidation levels. We also discuss open interest, whale movements, ETF accumulations, and the influence of large order blocks. Stay informed about the upcoming market dynamics as we break down these elements to provide a comprehensive outlook on Bitcoin's trajectory.
00:00 Introduction and Bitcoin Price Update
00:16 Key Levels and Market Signals
00:36 Weekly and Monthly Timeframes
01:41 Open Interest Analysis
02:26 Fibonacci Extensions and Price Projections
05:53 Fractal Patterns and Resistance Levels
06:50 Support and Resistance Adjustments
09:32 Daily and Weekly RSI Insights
16:08 Market Liquidity and Order Blocks
22:38 RSI Monthly and Speculative Scenarios
25:13 Conclusion and Exchange Promotions
#BTCUSDT #BTCNews #Bitcoin2024 #btc #BITCOIN #technicalanalysis #crypto
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⚠️ *DISCLAIMER*
This video is not intended for UK/US residents.
The information presented in this video is for educational and entertainment purposes only and is not financial advice. I am not a financial advisor. Trading can result in loss of funds. Individuals must consider all risk factors including their own personal financial situation before trading. All individuals are responsible for their own trades and investments.
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