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#Bitcoin Update (Continuous)
🔸Bitcoin is retesting the trendline of the falling wedge pattern.
🔸Once we see a successful retest, then can expect a bounce back in its price.
🔸$62,500 is the support area.
🔸If BTC breaks this level, then $61,600 is the next support area.
Stay tuned for more information!!
#Bitcoin Update (Continuous)
🔹Bitcoin's weekly candle closed with a bullish hammer.
🔹The price is already back inside the range area.
🔹We can expect a bullish move up to $67,500, where it may encounter some resistance.
🔹The Nearest support area is $62,500.
Stay tuned for more information!! ✅
#Bitcoin Update continuous
🔸Bitcoin is trying to break out of the Falling Wedge pattern.
🔸For a bullish move, $BTC needs to stay above $63,800.
🔸However, if rejected, it can push the price to the $61,000 level.
🔸Today, we also have the weekly candle closing.
🔸If BTC closes above the $61,000 level, then it is going to be a bullish closing.
Stay tuned for more information!! ✅
BITFINEX DATA BREACH CONFIRMED, 2.5TB OF DATA AND 400K CUSTOMERS DATA LEAKED: SHINOJI RESEARCH
Читать полностью…
$169.9M Liquidated in last 24 Hrs.
Long Liquidation : $38.7M
Short Liquidation : $131.2M
High Liquidations : (#Binance)
Longs : #BTC $4.8M, #ETH $2.9M, #SOL $2.1M, #TRB $844.0K
Shorts : BTC $17.4M, ETH $16.6M, SOL $2.3M, DOGE $1.5M
BREAKING‼️ Someone just lost $68 million in crypto by copy/pasting the wrong address and pressing send. 😱
Читать полностью…
Bitcoin is already down by -23%.
If we look at May, historically it has been a red month.
How do you think May will perform?
Green👍
Red👎
"Grayscale recently moved 3,483 Bitcoins, Worth of $205 million, to Coinbase."
More Selling Pressure Coming?
Yes 👍 No 👎
📍#Bitcoin Update (Continuous)
🔸Yesterday, Bitcoin dropped to a low of $56,500.
🔸The main support area of $59k to $60k has been breached, leading to the recent sell-off.
🔸Additionally, we also witnessed BlackRock selling BTC for the first time since Approval.
🔸Sentiment has turned bearish now.
🔸The next major support area is $52,000, where the 200-day EMA lies.
Stay tuned for more information
"After a historical upside rally, Bitcoin typically sees a correction of 20% to 25% to its support levels.
This pattern seems to be repeating, with a potential correction of around 25% to 28% this time, finding support around $51k to $53k."
Market volatility alert🚨
Bitcoin dumps below 60k
Bounced back from 57k
📢CZ: I will do my time, conclude this phase and focus on the next chapter of my life (education).
I will remain a passive investor (and holder) in crypto. Our industry has entered a new phase. Compliance is super important.
A silver lining of this whole process is that Binance has been under the microscope. And funds are SAFU.
Must buy projects in this dump
I’m adding in my portfolio
Keep Eyes on
1. GT Protocol
2. Manta
3. DYM
4. ENA
5. PYTH
6. W
7. Sand
8. YGG
9. ONDO
10. Pixel
So after first day of #BTC and #ETH ETFs trading in Hong Kong the total volume is $11mil 🤒
Economists were anticipating $300mil volume on first day. This has got to be one of the worst predictions of all time.
🔹 Shiba Inu forming a descending triangle, indicating a bearish pattern.
🔹 Price experiencing rejection from the upper trendline of the triangle where the 50M.A also lying.
🔹 Possible correction of 10% to 15% before an upward movement.
👩🚀 #REVIEW BITCOIN WEEKLY
A few hours left until weekly candle close. Thus far this chart looks bullish as hell!
One big wick into the weekly support level with a precise bounce may be the start of the new mid-term pump!
A major liquidity is near $68k to $70k
Do you guyz think Bitcoin will reach at that point before $52k
Yes 👍 No 👎
Legendary trader Michael Burry, who predicted the 2008 financial collapse, warns about the U.S. government's debt:
"When interest on your debt surpasses your tax income, it's a Ponzi scheme."
&
Bitcoin:
1⃣ Fixed Supply
2⃣ Backed by Energy
3⃣ No one can control it
#Bitcoin Update (Continuous)
🔸Bitcoin is trading back inside the range.
🔸Yesterday, the price saw a $4000 pump as the market experienced the second-highest inflow since ETF approval.
🔸We already mentioned in our earlier analysis that we would see buying from top players soon.
🔸Now, the price can retest the level of $61k to $62k.
🔸As long as BTC holds this range area, we can expect a good move to the upside.
🔸$66,000 is the next resistance area.
Stay tuned for more information!!
In the last 24 hours, whales accumulated almost $3 billion worth of Bitcoin.
Do they know something?🤔
Yes 👍 No 👎
#Blaze Available on Mexc and Gate .
Mexc Join - https://www.mexc.com/register?inviteCode=128gh2
Looks good for our IDO strategy for Short term 10-200 % profit .
#DYOR #NFA
#Bitcoin Update (Continuous)
🔸Bitcoin is trading at the $59,000 level.
🔸Now the area of 60k has flipped into major resistance.
🔸Bitcoin needs to break and hold above this level in order to move up.
🔸A rejection from here will push the price to lower levels.
🔸Today we have 2.4 billion of BTC and ETH expiring, so high volatility is expected today.
Stay tuned for more info!!
Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure.
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Tether's $4.5B Profit Surge in Q1 2024 🚀
#Tether $USDT just made history with a record $4.52 billion net profit in Q1 2024
✅ $1B from US Treasury holdings
✅ The rest from #Bitcoin & #Gold positions
✅ $90B+ in US T-bills
This impressive achievement proves Tether's rock-solid position in the crypto world and their dedication to transparency and stability.
Stay tuned for more updates on Tether's journey.
📍REVIEW BITCOIN
I am pretty sure that the main question is where to buy BTC? Here is two ways to perform one of the biggest trades in this cycle:
1️⃣ Knifes catching. The plan is simple: you set buy orders at possible supports to get the best entry. For me best zones are the mid of the move at $56k and $51k - $53k blue zone! Note that max leverage here is 2-3x, because you never know how far the wick will go!
2️⃣ Buying the bounce. This one is more straight-forward: you just sit and wait for BTC price to come back above $61k level to buy! This one is less stressful and also allows higher leverage: you simply set your stop loss below the recently formed low!
Of course knifes catching trade is more tempting, but I will definitely choose buying the bounce! I will have clear setup and won't worry about any unexpected super-dumps 🤓
Bitcoin Update ( Continuous)
🔸Bitcoin has reached its major support area of $60,000.
🔸Bulls are still defending this level as if it breaks below, it will create a negative sentiment in the market.
🔸Today, we have the FOMC decision coming, which will impact the price.
🔸Try to avoid trading today as there will be significant liquidity grabbing both long and short positions.
Stay tuned for more info!!!
📢In the past 24 hours 94,692 traders were liquidated.
🟠The total liquidations comes in at $273.89 million
🟠The largest single liquidation order happened on Binance - ETHUSDT value $5.03M
🔸Bitcoin is still holding above the $60,000 support area.
🔸Today is the monthly candle closing, and Bitcoin is set to close its first red candle after seven consecutive green candles.
🔸Additionally, tomorrow is the FED interest rate announcement, which could lead to market volatility.
🔸Btc tired to break the Upper Trendline resistance but got rejection
🔸However, if we hold the $60,000 area, we might see a bounce.