Ombretta De Marco
$BTC SIGNS OF A BOTTOM OR JUST A FALSE ALARM? Key levels to watch as the market searches for direction After yesterday’s drop, Bitcoin is showing signs of stabilisation, but the big question remains: 👉 Was that the local low, or is something else coming? Let’s break down the structure, the levels that matter, and the macro context shaping this week. 🔍 BTC Price Structure: Where We Stand Now The chart tells a simple story: BTC is trying to stabilize, but it’s not out of danger yet. Here’s what happened: • On Friday 21st, BTC rebounded from the capitulation candle. • The bounce hit resistance at $93,700 and got rejected sharply. • Yesterday (Dec 1st) we retested $84,000, forming a new higher low, but the reaction wasn’t strong enough to call it a reversal. Right now, BTC is balancing on a thin line. 📌 Bullish scenario (reclaiming strength) BTC needs to: 1. Push back toward $93.7k, 2. Break above that level, 3. Build a proper bottom structure. Only then can we talk about a constructive recovery. 📌 Bearish scenario (new weakness incoming) If BTC closes a lower low below $84k, the structure breaks. The next key zone becomes: ➡️ $76k–$78k A strong demand area, but also a psychological stress point for the market. 📰 Macro Update: Fed, Markets and What’s Next A few catalysts worth watching this week: ⭐ 1. Quantitative Tightening officially ended The Fed concluded QT as scheduled. A pivot toward increased liquidity is now on the horizon, maybe quietly already underway. ⭐ 2. FOMC coming next week Markets expect a 25 bps rate cut. What happens after will depend on: • inflation, • jobs data, • consumer spending. These three will dictate how sustainable a December cut really is. ⭐ 3. Equity markets shaky • Monday: U.S. indices slid modestly (Dow at –0.9%). • Futures this morning suggest a more positive open. • Europe also slightly green, but gains need confirmation. ⭐ 4. Crypto market recovering today Yesterday was red across the board. Today looks different: • Several altcoins are up multiple percentage points, • Total market cap +1.6%. Signs of rotation, but too early to call a trend. 🧭 What I’m Watching This Week Three signals matter more than the rest: • $84k support → must hold to avoid deeper downside • $93.7k resistance → key trigger for a market-wide mood shift • Macro catalysts → FOMC expectations and liquidity flows BTC is in a constructive but fragile spot. The next move will depend on whether buyers step in with conviction, or whether the market needs one more washout before recovering.
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BTC
Bitcoin
91496.67
-1475.91 (-1.59%)
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