Technical Analyst , Crypto-Educator . Post on crypto , Post on Bitcoin and alt coin. Read carefully the instructions given in the post , Do Your Own Research .
https://coinmarketcap.com/community/profile/DayaAkanurkar11/
#BITCOIN $BTC #INDIA Recently a report is circulating regarding #crypto ban (?) in India , But I said before that "Crypto is neither fully regulated nor banned in India right now." 👉It is taxed and subject to some AML rules) . Don't worry , we had an experience of 2017 that time RBI was banned from crypto at that time #Wazirx launched P2P and still working.
😡I oppose the word BAN spoken by many influencers. It creates unnecessary FUD when no such law exists today. At the same time, the RBI’s influence is real, the parliamentary committee is active, and the policy direction could tighten in the future (especially around banking access and stablecoins).
"While the RBI has consistently opposed crypto and recently reiterated its preference for keeping it outside the formal financial system, no ban has been enacted by the government or Parliament." we don't have any official & authentic sources like the Indian government or RBI etc or any law passed in the parliament . Indian Parliament appointed a Committee and work is ongoing that's it , RBI always opposes crypto , never never positive .
✅This is RBI’s recommendation/input to the government/parliamentary panel, not a government decision or enacted law. ✅India still taxes crypto gains at 30% + 1% TDS and has brought VASPs under PMLA (AML rules) since 2023. ✅So it’s in a grey area — taxed and partially monitored, but not fully regulated or banned. ✅No new legislation has been passed. Previous draft ban bills (2019/2021) were never introduced or passed.
👉CURRENT STATE - $BTC is trading around $62,000–$63,000 after a decent relief bounce from the recent $59k lows. It's consolidating in a choppy range and hasn't broken out convincingly.
👉65k AS A LOCAL RESISTANCE — yes, that's a key level right now. It's sitting near short-term moving averages, previous swing highs, and a zone where sellers have defended multiple times recently. A clean daily/weekly close above it would open the door to I mentioned 70k–81k targets (and potentially invalidate some of the near-term bearish structure).
👉MY SCENARIO V/S WHAT COULD HAPPEN - My call makes tactical sense in a bearish context :Liquidity grab at 65k–66k → Common in ranging markets. Price often sweeps highs to take out stops/liquidity before reversing. Rejection and dump toward 52k (this month), then 45k–40k next month → This would extend the H&S downside we discussed earlier ( See my previous post $BTC head & shoulder pattern) and align with my bigger cycle bottom thesis.
✅SHORT TERM POSSIBILITIES- (next few days/this month):
🔴MY BEAR CASE (rejection at 65k–66k): Very live if volume stays weak on the upside and we see selling pressure near that resistance. A failure there could indeed accelerate back toward $58k–$55k first, with 52k as a measured target if momentum builds to the downside.
🟢 BULLISH CASE: Strong ETF inflows, positive macro news, or short covering could push through 65k and target 68k–70k+. July has historically shown green tendencies after weak prior months in some cycles.
✅My Conclusion - The market is still in "prove it" mode below 65k. My over all view- continue bear pressure with a liquidity sweep higher before the next leg down is a classic bear trap / distribution setup that fits the overall post-ATH correction phase.
👉CURRENT STATE - $BTC is trading around $62,000–$63,000 after a decent relief bounce from the recent $59k lows. It's consolidating in a choppy range and hasn't broken out convincingly.
👉65k AS A LOCAL RESISTANCE — yes, that's a key level right now. It's sitting near short-term moving averages, previous swing highs, and a zone where sellers have defended multiple times recently. A clean daily/weekly close above it would open the door to I mentioned 70k–81k targets (and potentially invalidate some of the near-term bearish structure).
👉MY SCENARIO V/S WHAT COULD HAPPEN - My call makes tactical sense in a bearish context :Liquidity grab at 65k–66k → Common in ranging markets. Price often sweeps highs to take out stops/liquidity before reversing. Rejection and dump toward 52k (this month), then 45k–40k next month → This would extend the H&S downside we discussed earlier ( See my previous post $BTC head & shoulder pattern) and align with my bigger cycle bottom thesis.
✅SHORT TERM POSSIBILITIES- (next few days/this month):
🔴MY BEAR CASE (rejection at 65k–66k): Very live if volume stays weak on the upside and we see selling pressure near that resistance. A failure there could indeed accelerate back toward $58k–$55k first, with 52k as a measured target if momentum builds to the downside.
🟢 BULLISH CASE: Strong ETF inflows, positive macro news, or short covering could push through 65k and target 68k–70k+. July has historically shown green tendencies after weak prior months in some cycles.
✅My Conclusion - The market is still in "prove it" mode below 65k. My over all view- continue bear pressure with a liquidity sweep higher before the next leg down is a classic bear trap / distribution setup that fits the overall post-ATH correction phase.
👉CURRENT STATE - $BTC is trading around $62,000–$63,000 after a decent relief bounce from the recent $59k lows. It's consolidating in a choppy range and hasn't broken out convincingly.
👉65k AS A LOCAL RESISTANCE — yes, that's a key level right now. It's sitting near short-term moving averages, previous swing highs, and a zone where sellers have defended multiple times recently. A clean daily/weekly close above it would open the door to I mentioned 70k–81k targets (and potentially invalidate some of the near-term bearish structure).
👉MY SCENARIO V/S WHAT COULD HAPPEN - My call makes tactical sense in a bearish context :Liquidity grab at 65k–66k → Common in ranging markets. Price often sweeps highs to take out stops/liquidity before reversing. Rejection and dump toward 52k (this month), then 45k–40k next month → This would extend the H&S downside we discussed earlier ( See my previous post $BTC head & shoulder pattern) and align with my bigger cycle bottom thesis.
✅SHORT TERM POSSIBILITIES- (next few days/this month):
🔴MY BEAR CASE (rejection at 65k–66k): Very live if volume stays weak on the upside and we see selling pressure near that resistance. A failure there could indeed accelerate back toward $58k–$55k first, with 52k as a measured target if momentum builds to the downside.
🟢 BULLISH CASE: Strong ETF inflows, positive macro news, or short covering could push through 65k and target 68k–70k+. July has historically shown green tendencies after weak prior months in some cycles.
✅My Conclusion - The market is still in "prove it" mode below 65k. My over all view- continue bear pressure with a liquidity sweep higher before the next leg down is a classic bear trap / distribution setup that fits the overall post-ATH correction phase.
“ $ZEC just gave a clean Short signal on 15m chart 📈”
$ZEC is hit TP1 ✅ successfully , now price moves towards the TP2 & TP3, meanwhile every new beginners should move it's TP . know Here the best entry and exit explained 👇