After the noticeable rise in the price of Bitcoin against the dollar to more than 104460, will it continue to rise or drop again?
#البيتكوين #BTC☀ #Binance #BinanceSquareTalks
Let's analyze the following data and here are some tips afterwards:
📊 Current data:
The price of Bitcoin now: $104,460
Flows:
An hour ago: 40
Half an hour ago: 31
A quarter of an hour ago: 19
📉 Quick analysis:
The overall trend of flows is bearish: 40 → 31 → 19
This means that buying momentum is continuously declining, reflecting the possibility of continued selling pressure.
If this level breaks, we might see declines towards 102,000 or even 100,000.
🔮 Predictions for the coming hours (unless momentum changes suddenly):
Continuous decline in flow like this indicates:
The likelihood of further price decline in the coming hour.
Weak chances of a quick rebound unless buying volume suddenly changes.
✅ My advice now:
If you currently own Bitcoin (buyer):
✋ Do not sell at this bottom directly unless you have to, unless:
You were fearing further loss.
Or you intended to repurchase at a lower price (for example 102,000 or 100,000).
⚠️ Set a flexible stop loss below 103,500 or 103,000 to minimize loss if support breaks.
If you are waiting for a buying opportunity:
👀 Watch the price at levels: 103,000 / 102,000 / 100,000.
🟢 Enter a buy only if:
I saw the flow start to rise again (for example 20 → 30 → 40).
Or strong reversal candles appear on short timeframes (5 or 15 minutes).
🕵️♂️ Some of the most famous cryptocurrencies:
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