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FAIZAN AKHTAR
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$BTC
is showing a downtrend on shorter timeframes, bounded by defined support and resistance levels. A drop below the current support at $102,500 could lead to increased selling, potentially driving the price toward the critical $100,000 mark.
$BTC
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FAIZAN AKHTAR
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$BTC BTC Market Update The 7-day SMA of Bitcoin Spot Volume Delta has flipped positive, reaching a local high of $5B. This rare signal indicates strong net taker demand, driven by genuine spot market conviction. With momentum building, a sustained trend could mark the start of a stronger uptrend, validating the breakout above $100K. Keep an eye on this development.
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$ENS Update ENS price encountered resistance and declined. It's likely to test the support level of $18.40-$19.60 before making its next move. Consider placing a buy order in this range. Key Levels: Support: $18.40-$19.60 Resistance: $24.30-$25.00 $ENS
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$BTC Bitcoin's current price is around $102,916.67, with a market cap of $2.08 trillion. Recently, $BTC slipped below $103,000 as traders locked in profits ahead of the US Consumer Price Index (CPI) release. Despite this short-term decline, analysts suggest that if macro conditions stay favorable, dips may be quickly absorbed, keeping bullish outlook intact. BTC price has been consolidating, and traders expect it to hit new highs before the end of May. Steady capital inflows and bullish technical data support this prediction.. The next major price target is $105,000 to $110,000 ¹ ².$BTC
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#TrumpTariffs The US has imposed a 10% baseline tariff on almost all countries, with higher "reciprocal" tariffs paused for 90 days on most countries, except for China. China Tariffs: The US and China agreed to a 90-day suspension and reduction of tariffs starting May 12, 2025. US tariffs on Chinese goods were lowered from 145% to 30%, while China reduced its tariffs on US goods from 125% to 10%. Automobile Tariffs: A 25% tariff on imported cars and auto parts is in effect, with some exemptions for USMCA-compliant countries. Other Developments: US-UK Trade Deal: The US and UK announced a trade deal on May 8, 2025, which includes reducing tariffs on UK-made cars from 25% to 10%. Movie Tariffs: Trump announced a 100% tariff on foreign-made films on May 4, 2025, aiming to protect the US film industry. Smartphone Tariffs Exemption: Smartphones and some electronics were temporarily exempted from the 145% tariffs on Chinese imports.
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