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Bitcoin
will continue to be bearish as long as it trades below the lower high of $121K.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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# US Dollar Analysis The US Dollar has broken out of its ascending channel pattern, with the Ichimoku Cloud serving as resistance and indicating bearish momentum. A confirmed candle close below this pattern is expected to lead to further declines. Due to the US Dollar's usual inverse relationship with the crypto market, this development could have important implications for crypto traders.
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Here is the analysis of #MUBARAK: #MUBARAK is trending towards new lows and is forming a triangle pattern. Currently, the price is congested within this pattern and is moving very slowly within a small channel. At this point, the best strategy is to look for shorting opportunities after a breakout occurs.
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$SUI 1D Chart Zooming out a bit, the chart appears even more bullish. $SUI is gearing up for a significant breakout from this Cup & Handle formation ๐ The full target for the Cup & Handle pattern is $10 ๐ฏ Consider yourself warned.
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$LTC is testing the resistance line once more. ๐ In my opinion, we'll see a breakout soon. ๐
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For those wondering if it's too late to buy, rest assured, it's not too late. You still have the opportunity.
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