Dec 31, 02:00 AM

Bitcoin Monthly Candle Closes Soon at $BTC Level as Nasdaq 100 Faces Potential Red Opening on Last Trading Day

As the year comes to a close, the Bitcoin monthly candle is set to close soon, with analysts noting the anticipation surrounding its performance. The Nasdaq 100, represented by the QQQ ETF, is also approaching its monthly candle close, with predictions of a potential pullback in January. Historical seasonality patterns for the QQQ indicate that months such as April, October, and November have shown positive returns, while February and September have typically underperformed. Market sentiment suggests a possible red opening for the QQQ, as it attempts to avoid a fourth consecutive day of losses, a rare occurrence for the index in 2024, especially on the last trading day of the year.

#Bitcoin #Nasdaq

Written with ChatGPT (GPT-4o mini).

Sources

Brandon@0x_brandon
1 year ago
Monthly $BTC close inbound https://t.co/KAjjPRKuF7
Heisenberg@Mr_Derivatives
1 year ago
$QQQ Futes pointing towards a red open so far. The Q’s rarely closed red more than 3 days in a row all year. Only one occurrence back in Nov. Tomorrow it attempts for a 4th red day in a row. It being the last trading day of the year no less. Odds suggest a green day? Fwiw.
LAVA ✈️🛰️🚀@LAVAoption
1 year ago
$QQQ Looks will pull back next month See if pullback for a couple of months first before go higher One more day the for monthly candle 🕯️

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