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Bitcoin Bullets®

$BTC Market Analysis

BTC experienced a surge following the breakout from a falling wedge pattern, typically a bullish technical formation signaling potential upward momentum. After the breakout, BTC confirmed this bullish move by successfully retesting the wedge's resistance-turned-support level, further strengthening market sentiment.

BTC is encountering significant resistance around the $58,500 level, a key area where prior price action indicates sellers may step in.

For a sustained bullish confirmation, BTC must break through and close above each subsequent resistance level on higher timeframes, ideally with a strong candle close.

A confirmed breakout above $58.5K with volume could signal further upward movement and potentially open the door to higher price targets, but failure to break through may result in temporary consolidation or retracement.
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VIP NEWS

Elon Musk Warns US Laws and Regulations Will Worsen Every Year Without Major Reform

Tesla and Spacex CEO Elon Musk has warned that without substantial government reform, laws and regulations will worsen annually, potentially stifling major initiatives. He has reiterated his call for significant U.S. government changes and agreed to help former President Donald Trump lead a new government efficiency commission, an idea he proposed. Musk believes reducing wasteful spending and regulations is essential for economic growth and controlling inflation.
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📌$SNX/USDT (LONG)
Leverage: 5-10x

STATUS UPDATE
1.375✅
1.390✅
1.400✅
1.410✅

Profit: 48.2% (10x)🥂🥂

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Bitcoin Bullets® Market Analysis
SEPTEMBER
12th, 2024
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⚪️TECHNICAL (H4)

The price action of $BTC on the H4 timeframe has successfully flipped its horizontal resistance level into support, breaking out the neckline marked between the $57,170 to $56,040 level. 📊

The price is currently consolidating at this zone and may show further upward movement after a potential retest 🔄

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$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit:[VIP ONLY]
(+-9.73% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲[VIP ONLY]
🔴SHORT
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📌$LQTY/USDT (LONG)
Leverage: 5-10x

0.7115
0.7200
0.7400
0.7600
0.7800
0.8000

Profit: 154.3% (10X)🥂🔥

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📌INSIDER UPDATE

JUST IN: 🇺🇸 🇺🇦 United States announces it's sending another $717 Million to Ukraine
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$BTC Market Analysis

BTC recently bounced off a significant horizontal support level but faced strong resistance at the $58K mark, leading to a rejection at that price.

For bullish momentum to continue, BTC needs to break through the $58K resistance level decisively, followed by a successful retest of that zone, which would confirm the upward trend.

Without a breakout and retest, BTC is likely to continue to trade within the current range, fluctuating between the $58K resistance and the $54K support. A failure to break higher could signal further consolidation within this range, possibly delaying any significant upward movement.
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📌$LQTY/USDT (LONG)
Leverage: 5-10x

0.7115
0.7200
0.7400

Profit: 79.8% (10X)🥂🔥

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📌INSIDER UPDATE

🇺🇸 Bank of America $BAC just raised its minimum wage in the to $24 per hour up from $23
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Crypto Market RSI (4H) Heatmap
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📌$FTM/USDT (LONG)
Leverage: 5-10x

STATUS UPDATE
TP 1: 0.4394✅

Profit: 44.6% (10x)🥂🥂

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Bitcoin Bullets® Market Analysis
SEPTEMBER
10th, 2024
➖➖➖➖➖
⚪️TECHNICAL (H4)

The price action on the H4 timeframe successfully formed a lower high but shifted the trend after breaking out of the compression pattern and its neckline. 📈

Currently, it is consolidating within its horizontal support region. The price action needs to reclaim this support level to confirm a continuation of the upward movement 🔄

⚪️WRAP-UP (VIP)
[VIP ONLY]

$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit: [VIP ONLY]
(+-7.26% based on moving average volatility open/endpoints)

📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲[VIP ONLY]
🔴SHORT
💲[VIP ONLY]
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📌INSIDER UPDATE

🚨🚨 Warren Buffett’s Berkshire Hathaway, $BKR.A, has dumped $6.2 billion in Bank of America, $BAC, stock in under 2 months
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Chances of Winning the U.S. Presidential Election:

Donald Trump: 52%
Kamala Harris: 48%

(According to recent polls and prediction markets)
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📌$LQTY/USDT (LONG)
Leverage: 5-10x

0.7115
0.7200

Profit: 46.1% (10X)🥂🔥

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📌$COTI/USDT (LONG)
Leverage: 5-10x

STATUS UPDATE
0.084✅
0.085✅
0.086✅
0.088✅
0.090✅
0.095✅
0.100✅

Profit: 254.6% (10x)🥂🥂

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📌INSIDER UPDATE

📣 Mastercard $MA agreed to buy cyber-defense firm Recorded Future for $2.65 billion - Bloomberg
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Crypto Market RSI (4H) Heatmap
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$BTC Market Analysis

BTC has experienced a significant pump following a successful retest of the falling wedge pattern, a well-known bullish reversal signal in technical analysis. Currently, BTC is trading around the critical $58,000 level, which serves as a major resistance point.

A decisive candle close above this level is crucial for confirming the continuation of the bullish trend. If the price breaks out and holds above $58K, it could trigger the next leg of the upward movement, potentially attracting more buyers and signaling a strong momentum shift in favor of bulls.

Traders should keep an eye on the volume and momentum indicators to assess the strength of this potential breakout. A high volume breakout could confirm a sustained move, while a failure to close above this key level might indicate a short-term pullback or consolidation before attempting another breakout.
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UK Bill Recognizes Digital Assets as Personal Property Under New Law

The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions the UK as a leader in global digital asset regulation, boosting its economy and legal services.
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📌$COTI/USDT (LONG)
Leverage: 5-10x

STATUS UPDATE
TP 1: 0.084✅
TP 2: 0.085✅

Profit: 31.4% (10x)🥂🥂

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Crypto Market RSI (4H) Heatmap
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Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. The launch highlights the growing institutional demand for secure, regulated digital asset services.
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📌$SNX/USDT (LONG)
Leverage: 5-10x

STATUS UPDATE
TP 1: 1.375✅

Profit: 16.2% (10x)🥂🥂

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$BTC Market Analysis

A falling wedge pattern in technical analysis typically signifies a potential reversal signal. When BTC breaks out of a falling wedge with high volume, it indicates strong upward momentum, as volume serves as a key confirmation of price action.

Now, with BTC coming back to retest the upper boundary of the wedge (which was previously a resistance line), this move is critical. A successful retest would imply that what was once resistance is now acting as support, validating the breakout.

After the retest, if BTC rebounds off the wedge line with increased volume, it would serve as a strong bullish confirmation, signaling that a potential uptrend is likely to continue.
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Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation

The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions remain unaffected. The company reaffirmed its commitment to compliance and called for improved legal clarity for the crypto industry.
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Crypto Market RSI (4H) Heatmap
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