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BTC
had its weekly closing and kinda bearish closing now. Price still on a consolidation after those huge rally and forming a falling wedge pattern. A breakout will decide the direction, and eyes on the market.
$BTC
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The Rolex Indicator: Why Watch Prices Reveal More Than You Think ⌚️ Luxury watches like Rolex are Veblen goods. Their demand rises with price because they signal status, not utility. People buy them not to tell time, but to show they made it. That makes them powerful tools for reading market sentiment. 📊 In 2021, Rolex prices didn't top during Bitcoin's first all-time high. They reached ATH later, when NFTs of rocks were selling for millions and everyone online felt rich. Watches price index lag crypto because they reflect realized wealth, not future expectations. This is classic market psychology. Early in a bull run, investors accumulate. As confidence grows, spending turns outward. Veblen goods become popular when the wealth effect hits, this is when people not only have gains, but believe the gains will stick ❗️ 📉 Today, Rolex prices are stable. Most models are below well 2022 peaks. That suggests we're not in the euphoric phase yet. The flex hasn't gone mainstream. Keep this knowledge in your mind. #FAQ $BNB #CryptoClarityAct
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Here's the Analysis of #ETC : #ETC flipped the key level around $21.00 - $21.84 and looks like its very healthy move up so we can expect some continuation to happen. Currently, price is slowed down and can retrace a bit and buys looks good at $23.00. $ETC #BTCvsETH
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NFTs season is back? 🖼 A whale just dropped 2,082 ETH ($5.87M) to sweep 45 CryptoPunks in a single spree, each NFT costing over $150K 😮 This comes after a strong week for top ETH NFT collections, as traders increasingly treat them as a leveraged bet on ETH itself, which has rallied by 54.3% in the last 30 days 🔷 $ETH $BNB $SOL
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Bitcoin continues the sideways movement and the direction is not clear yet. Volume is low because of the weekend and we may see some movement on Monday. $BTC #StablecoinLaw
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#DOGE ANALYSIS : #DOGE reached for the tripe top pattern and kinda rejecting it now. The Daily TF will be clear once the candle close either side and a rejection can lead in retest of support at $0.20. $DOGE #CryptoMarket4T
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