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- 🧪 Bitcoin Slums to Two Week Low
🧪 Bitcoin Slums to Two Week Low
Plus: Nike Stock Wipes 9%
Good Morning!
Markets don’t slow down for anyone, and neither do we. This week, we’re cutting through the noise—Dow’s shaky recovery, Bitcoin’s sharp drop, Ethereum’s crash, and gold holding its ground. Our analysts have been on fire, calling the moves you needed to hear before they happened.
From Sherlock’s hard-hitting take on Bitcoin’s trendline break to the latest in stocks and commodities, we’ve got everything you need to stay ahead in the chaos. No fluff, just real talk and actionable insights.
Let’s get into it 👇
🌡 TradingLab’s Headline Roundup
Stock Markets
20th December, 2024
PCE index, US government shutdown, EU trade war - what's moving markets
Dow Jones Clinches Narrow Gain to Barely Snap 10-Day Losing Streak. Big News Ahead.
Nike Stock Wipes Out 9% Post-Earnings Pop After New CEO Fans Profit Concerns
Crypto
Bitcoin Slumps to Two-Week Low as Powell’s Rates Scare Knocks Crypto Prices
Ethereum Crashes 20% from Monday Peak Amid Broad Selloff. What Happened?
Dogecoin's 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood
Hawk Tuah Girl Hailey Welch Vanishes Amid Meme-Coin Chaos
Commodities/Forex
Dollar Index Hits Two-Year High Against Forex Rivals as Rate Cut Outlook Settles
Gold price holds above $2,600 amid risk-off mood.
📈 $BTC Breaking Down: What's Next?
Sometimes, the market just doesn't hold back. As our analyst Sherlock nailed it in his update yesterday, the trendline on Bitcoin ($BTC) has finally snapped—and it’s every bit as "CRUEL" as he warned. Let’s dig into what’s going on and how you can position yourself in this chaos.
The Chart Never Lies (But It Might Hurt Your Feelings)
Take a hard look at the chart. The break of $98K wasn’t just a technicality—it was a gut-punch. What followed? A textbook bearish retest of $98K before $BTC turned south again, now eyeing the $92K zone with laser focus. Sherlock calls $92K a key level, but $85K? That’s the "untapped" zone everyone’s whispering about. If price starts flirting down there, it’s game on for a potential free-fall.
The moral of the story? Charts don’t care about feelings—they just tell the truth. And right now, $BTC’s truth is leaning heavily bearish.
What Does This Mean for Altcoins?
Here’s the kicker: Sherlock’s been talking about Bitcoin dominance ($BTC.D) for weeks, and it’s all playing out. With $BTC.D climbing toward the 60% mark (or higher), the altcoin bloodbath isn’t just a possibility—it’s practically written in the stars. An impulsive Bitcoin drop could nuke altcoins by another 20% while dominance spikes. Ugly? Definitely. Necessary? Absolutely.
Why? Because when $BTC.D peaks—potentially around 70%—it sets the stage for a legendary altcoin rally. But can you survive the ride down? That’s the real question.
Join the Community That Calls It Like It Is
Sherlock’s call to take profits two weeks ago? Spot on. And if you’ve been part of TradingLab, you already know we don’t sugarcoat the truth. You get actionable insights, no-nonsense analysis, and a crew of traders who’ve got your back when markets turn savage.
Don’t just watch from the sidelines. Join the TradingLab community today and get ahead of the curve.
Stay ahead, stay informed, and most importantly, stay profitable.
‘til next time,
TradingLab