Pal BTC Daily Market Analysis – 12.17 Daily Chart After testing 85, there was a rebound yesterday, but as we can see, this rebound didn’t break Monday’s opening price of 88172. Also, we can see that it was suppressed all night here. This creates an awkward situation where buyers pushed up from 85 but continued to be suppressed. A solid breakout above 88 with volume is needed. If it breaks and holds above 88, the target will continue to test Monday’s high of 90. If it’s just a wick to grab liquidity, then the bearish trend continues. Hourly Chart 1) The hourly chart is actually clearer. After Monday’s wick to 85, Tuesday didn’t see a liquidity grab below Monday’s low, so for now, Monday’s low is still waiting to be tested. 2) Last night saw a choppy upward move, especially with the pullback to 86 in the evening, which served as confirmation, then pushed up to test 88 but got rejected, and now it’s consolidating at 87. Structurally, as long as 86 isn’t broken, the outlook remains bullish. But the key is still watching 87’s test of 88. If 87 holds, then the test of 88 continues. If it holds above 88, the target is 895-90. If 87 breaks, or if it just wicks up to 88-89 and then falls below 87, then the trend remains weak, and it’s likely to continue testing 85. If 837 breaks, I think we’ll see 78. If you found this helpful, feel free to like, comment, and follow. More real-time market analysis: http://t.me/pabuerbtc