Bitcoin Market Analysis (December 30)

What are we actually trading? We're trading risk itself. The market's patterns aren't complex; what's complex is human nature. Everyone's experiences, understanding, and perspectives differ. Someone who excels in other industries might not be in the financial market. Hello everyone, I'm trader Gege. Bitcoin is currently in a consolidation phase. Last week, its range was even narrower, fluctuating around $4000 without breaking through short-term boundaries. There aren't many data releases or news from the US this week, but we're about to close the yearly, quarterly, and monthly charts, so the recent market movements are worth watching. Volatility is expected to be significant, potentially altering the current structure. Enough small talk, let's look at the technical outlook for Bitcoin this week. The monthly chart is likely to be a doji, as predicted in an earlier article. With about two days until the close, a solid bearish or bullish candle is less likely. There's not much to say about the monthly chart; the key is the candlestick pattern for January 2026. I lean towards a bullish one. Since the closing price in the second week of this month fell below 90,000, the rebounds for the past two weeks have failed to firmly establish themselves above 90,000, with pullbacks occurring after touching that level each time. Today is no exception, with the price action also encountering resistance from the 7-day moving average (MA7). The key short-term level remains unbroken, and the current pattern suggests a further downward move is needed to complete the current structure.