Bitcoin, the diva of the crypto world, is still in a descending channel, testing the mid-range like it’s a reality show audition. Will it break free, or is it just another episode of “Drama Queens of DeFi”? 🎭💸
Bitcoin Technical Analysis
By Shayan
The Daily Chart
Bitcoin is playing a dangerous game of chicken with the $91K-$93K resistance. It’s like trying to juggle flaming torches while blindfolded-exciting, but probably ending in tears. 🧠💣 The 100-day and 200-day MAs are the grumpy old men of the market, yelling, “Not today, Satan!” 🤬
If BTC ever wants to escape this bearish trap, it’ll need a miracle-like a clean reclaim of $103K. Good luck with that! 🤞
The 4-Hour Chart
On the 4-hour chart, Bitcoin is like a nervous kid at a party, eyeing the $92K “no-go zone” with a mix of fear and greed. 🕵️♂️ If it fails, expect a trip back to $86K-where the real drama begins. 🎭
But if it dares to climb above $93K, prepare for a showdown with the $102K-$106K “dragon’s lair.” Will it slay the dragon or become its next meal? 🐉
On-chain Analysis
By Shayan
On-chain data is the crypto version of a gossip column. The “second layer” of resistance? More like a drama queen’s tantrum. 🤯 The $96K-$97K “confluence” is the ultimate showdown between short-term panic and long-term despair. 🧠💸
These cohorts are like a toxic family reunion-no one wants to leave, but everyone’s ready to throw a punch. 🔥 A close above $97K? That’s when the real party starts… or the market explodes. 🧨
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2025-11-30 21:15