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2024-11-25 21:04:55### BTX2024 ### Relative Strength Analysis: The 3 indices have had a bullish recovery with volume without reaching historical highs again, with the YM being the strongest. Classic Technical Analysis: In terms of conventional technical analysis, BTC remains in an Elliott structure fulfilling a minor wave 5 and a major wave 3. We have had a consolidation structure since March 2024 with a breakout to the upside. The context is strongly bullish. ### COT: The progression of contracts nearing expiration is at a premium. The 12-month COT is in a positive program and in positive hedging. Banks are buying Bitcoin futures contracts and are not in a bearish position, being the counterpart to leveraged short investment funds. Market Sentiment: Market sentiment in general retail news is bullish following the FED's rate cut and in response to the US elections, although with some moderation. The Williams %R remains in oversold territory and avoids a bearish divergence. ### Intermarket Analysis: The 3 indices present a bullish reversal. No close above last week's highs. With greater strength in the YM and less strength in the NQ. The 3 bonds, ZN, ZF, and ZB, show an absorption bar with significant volume. Confirmation is needed in a discount context. The reverse interests in a premium context. The DYX has another bullish week reaching a monthly target in premium. Peripheral currencies maintain another week with bearish closes, with greater weakness in the EUR. In commodities, BTC has maximum bullish extension, reaching just a few dollars from a macro target. The GC has a complete reversal bar with a bullish close. The CL presents a bullish reversal in one week but is still in a consolidation environment. In conclusion, we have a stock market that marks a bullish retracement with significant volume, especially the YM. The DYX has a bullish context but the possibility of a trend end. Weakness in peripheral currencies. Commodities show strongness in BTC and GC. The CL in a consolidative context. ### Market Profile: The market is currently bullish. It needs to move significantly away from the all-time high to continue this movement. Although some significant delay can be expected to take liquidity after such a sharp movement since the US elections. ### Market Structure: The value 65775.00 maintains price control. The weekly context is bullish. ### Trading Range: 65775 to 100170. Currently at a premium in the range. ### Equilibrium: 80141 ### Key Price Levels: 79300 do not expect closes below this structure to remain bullish. ### Weekly BIAS: Bullish. Consider a probable delay to gain momentum. ### Weekly Objective: Retracement to 89755. The stock market is filled with individuals who know the price of everything, but the value of nothing." - Philip Fisher. 🔮