#DecemberMarketOutlook 📌 Market Overview

BTC has broken $94,000 with a 2.36% 24-hour gain, supported by ETH strength and overall crypto-related stocks pumping in U.S. pre-market trading. Sentiment is shifting positive due to expectations from the new Fed Chair, which the market believes may trigger a new bull cycle.

Tom Lee's additional $150M ETH purchase reflects institutional confidence returning — a strong signal for the entire market.

📈 Weekly Timeframe BTC Analysis

Trend:
BTC remains in a macro uptrend with strong higher lows (HL) forming on the weekly chart.

Key Weekly Levels:

Major Support: $88,500 – $90,000

Minor Support: $92,000

Resistance Zone: $95,500 – $97,000

Major Breakout Level: $100,000 psychological zone

Liquidity:
There is untapped liquidity above $95.5K – $96.2K, meaning BTC may wick upwards before any correction.

Candle Structure:

Last weekly candle closed bullish, with strong buying pressure.

Current weekly candle is showing a long wick below, indicating buyers are aggressively buying dips.

Strategy Angle:
Market strategies slowing down BTC buys is a healthy sign — it means BTC may offer a cleaner pullback before the next leg up.

🎯 Weekly Outlook

Bullish Scenario:
Break and close above $95,500 may open the door to $97K → $100K.

Bearish Scenario / Pullback:
If slowed buying continues, we may see a pullback to $92K, which would be a strong accumulation zone.

ETH Strength = BTC Confidence:
ETH holding $3,200+ adds momentum to BTC’s weekly trend.
#Bitcoin #Gate