Bitcoin H1: The Ichimoku Forecast for the American Session on 21.12.2024

Analysis of the market situation, developed in previous trading sessions, shows the intersection of the Tenkan and Kijun lines. Typically, this signal indicates an upcoming increase, but subsequently the price fell below the Tenkan line.
The second most important signal is the change in direction of the Kumo cloud, marked with a vertical purple line. A change in the color of the cloud to lilac indicates a transition of the priority direction of movement to downward.
The current situation:
Let's look at the main components of the indicator and their current values:
The price is now positioned between the Tenkan and the Kijun lines, indicating a temporary consolidation before a potential resumption of the trend.
The Kumo cloud is colored lilac. It indicates the priority of the downward vector of price movement.
The price is below the Kumo cloud, which is now acting as a resistance area for the price.
Used by investors to identify a change in trend, the green Chikou line is above the price on the chart.
Trading recommendations:

The dynamic support level is on the Kijun line, around the 95882.65 mark.
Dynamic resistance levels are on the Tenkan line, around the 98280.05, the SenkouA line, at the 97247.85, and the SenkouB line, near the 99667.15.