BTCMarketUpdate
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Bitcoin Nears CME Gap as Monthly Candle Closure Looms
$ETH $BTC
The Asian session triggered a Bitcoin sell-off, pulling the price closer to the CME gap. Ideally, a further dip would completely fill this gap, eliminating it as a potential risk factor for future price action. A definitive closure would allow the market to move forward with stronger technical stability.
š¹ Critical Market Moment: With today marking the monthly candle close, market sentiment is in flux. Itās crucial to wait for this closure before making any firm conclusions, as the final trading day often presents unreliable signals. The real analysis will come tomorrow when the dust settles.
š¹ Potential Price Targets: Given the current momentum, Bitcoin could extend its decline toward $74K, particularly if broader market indicators, like the S&P 500 (SPX), continue showing weakness. However, in the larger bullish Q4 outlook, this pullback might be the last significant retracement before the next leg up.
š Bitcoin Liquidation Heatmap:
š„ Key Resistance Levels: 80,709 / 81,591 / 83,266 / 84,942
š§ Major Support Zones: 78,416 / 76,830 / 75,070 / 73,850
š Final Takeaway: Bitcoin is moving in alignment with technical expectations, and short-term volatility should not overshadow the broader bullish market structure. Patience and strategic planning will be key as we navigate the upcoming price action.
#BitcoinCMEGap #BTCMarketUpdate #BitcoinPriceLevels #CryptoVolatility
$ETH $BTC
The Asian session triggered a Bitcoin sell-off, pulling the price closer to the CME gap. Ideally, a further dip would completely fill this gap, eliminating it as a potential risk factor for future price action. A definitive closure would allow the market to move forward with stronger technical stability.
š¹ Critical Market Moment: With today marking the monthly candle close, market sentiment is in flux. Itās crucial to wait for this closure before making any firm conclusions, as the final trading day often presents unreliable signals. The real analysis will come tomorrow when the dust settles.
š¹ Potential Price Targets: Given the current momentum, Bitcoin could extend its decline toward $74K, particularly if broader market indicators, like the S&P 500 (SPX), continue showing weakness. However, in the larger bullish Q4 outlook, this pullback might be the last significant retracement before the next leg up.
š Bitcoin Liquidation Heatmap:
š„ Key Resistance Levels: 80,709 / 81,591 / 83,266 / 84,942
š§ Major Support Zones: 78,416 / 76,830 / 75,070 / 73,850
š Final Takeaway: Bitcoin is moving in alignment with technical expectations, and short-term volatility should not overshadow the broader bullish market structure. Patience and strategic planning will be key as we navigate the upcoming price action.
#BitcoinCMEGap #BTCMarketUpdate #BitcoinPriceLevels #CryptoVolatility
Bitcoin Market Trend Update: Navigating the Current Uptrend with Strategic Insights
Bitcoin continues to maintain a strong uptrend structure, accompanied by a corrective phase, aligning perfectly with the market patterns Iāve previously discussed. For those new to my analysis, this breakdown serves as a clear guide to understanding Bitcoinās price movement. While the market may take weeks or even months to fully develop, historical patterns suggest a high probability of $BTC revisiting lower support levels before surging past $110K and establishing a new all-time high.
I consistently share insights on Bitcoinās price action, especially for my new followers who frequently ask questions Iāve addressed in earlier updates. If you're looking for a comprehensive breakdown, I encourage you to check my pinned post, where Iāve detailed my full analysis. Your continued support means a lot to me, and I appreciate every one of youāboth long-time supporters and new members of this journey!$XRP
Additionally, while this overview presents the broader market trend, there are potential lower timeframe buying opportunities that I will be sharing soon. Make sure to stay updated, as I will provide timely insights on key entry points. Our approach prioritizes risk management, ensuring we navigate the market with confidence and precision. Stay tuned for more updates!$BNB
#BybitForensics #TraderProfile #SBF1stTweetIn2Yrs #BTCDipOrRebound #BTCMarketUpdate
Bitcoin continues to maintain a strong uptrend structure, accompanied by a corrective phase, aligning perfectly with the market patterns Iāve previously discussed. For those new to my analysis, this breakdown serves as a clear guide to understanding Bitcoinās price movement. While the market may take weeks or even months to fully develop, historical patterns suggest a high probability of $BTC revisiting lower support levels before surging past $110K and establishing a new all-time high.
I consistently share insights on Bitcoinās price action, especially for my new followers who frequently ask questions Iāve addressed in earlier updates. If you're looking for a comprehensive breakdown, I encourage you to check my pinned post, where Iāve detailed my full analysis. Your continued support means a lot to me, and I appreciate every one of youāboth long-time supporters and new members of this journey!$XRP
Additionally, while this overview presents the broader market trend, there are potential lower timeframe buying opportunities that I will be sharing soon. Make sure to stay updated, as I will provide timely insights on key entry points. Our approach prioritizes risk management, ensuring we navigate the market with confidence and precision. Stay tuned for more updates!$BNB
#BybitForensics #TraderProfile #SBF1stTweetIn2Yrs #BTCDipOrRebound #BTCMarketUpdate
$BTC
š„ Bitcoin Takes a Dive: $BTC Drops Over 10%! š„
Bitcoin tumbles from $108,280 to below $96K, slashing 10.9% in value and causing $600M in liquidationsāa staggering $500M tied to BTC alone! šØ
š Key Insights:
š Support Zones:
Watch $87K-$95K for potential rebounds.
š Greed Warning:
The Fear & Greed Index remains in "Greed." Was the market running too hot?
š Broader Impact:
ETH and other major cryptos are also feeling the heat.
---
šØ Whatās Next?
With reports of the Czech National Bank considering Bitcoin for reserves, could this dip be a golden entry point or the start of further corrections? š¤
Share your thoughts š and stay ahead of the markets!
#CryptoLiquidations #BTCMarketUpdate
@candlecracker
š„ Bitcoin Takes a Dive: $BTC Drops Over 10%! š„
Bitcoin tumbles from $108,280 to below $96K, slashing 10.9% in value and causing $600M in liquidationsāa staggering $500M tied to BTC alone! šØ
š Key Insights:
š Support Zones:
Watch $87K-$95K for potential rebounds.
š Greed Warning:
The Fear & Greed Index remains in "Greed." Was the market running too hot?
š Broader Impact:
ETH and other major cryptos are also feeling the heat.
---
šØ Whatās Next?
With reports of the Czech National Bank considering Bitcoin for reserves, could this dip be a golden entry point or the start of further corrections? š¤
Share your thoughts š and stay ahead of the markets!
#CryptoLiquidations #BTCMarketUpdate
@candlecracker
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$BTC Hello, Binance traders! Iām sharing my experience: I currently hold a short position on BAN/USDT with 8x leverage, and the position is generating +8.42% ROI. The market is volatile, so I'm monitoring the support levels of $BTC /USDT to lock in profits on time. My portfolio is in the green, and part of my assets in staking is providing passive income of about 1.91% APY. I use scalping on the spot with $BTC , setting a stop-loss at -2% to minimize risks. I also hold BNB for a discount on fees ā about -10%. Share your strategies; how do you trade $BTC in current conditions? #BTCMarketUpdate
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