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CryptoMagnet
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Bullish
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BTC
$BTC
Technical Breakout - Market cap cleared $4T resistance, with RSI (7d: 85.6) signaling overheated but intact momentum.
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I told my friend to close this trade in the beginning only. Still he is continuing the trade๐$XRP
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Trading is nothing but patience and sticking to plan. $BTC I would suggest trading in BTC much better than trading other coins because most of the coins charts not able to analyse because they are controlled by whales and founders. #BTCReclaims120K #BTC
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$BTC Technical Breakout vs. Overheating (Mixed Impact)Overview: The total market cap broke above its 7-day SMA ($3.89T) and Fibonacci 23.6% level ($3.95T), but the 7-day RSI at 85.6 flags extreme overbought conditions. What it means: Short-term traders may take profits near $4.17T (127.2% extension), but the MACD histogram (+$13.66B) suggests bullish momentum remains dominant.
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$BTC Derivatives: Fuel & Risk (Bearish Angle) Overview: Perpetuals open interest rose 2.66% to $691B, with average funding rates at +0.0097% - the highest in 30 days. However, Bitcoin liquidations surged 278% to $121.56M in 24h. What it means: While leverage amplifies upside, the market is vulnerable to cascading sell-offs if BTC breaks below $118K support.
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๐จ๐ณ China is preparing to introduce its initial stablecoins โ a significant step aimed at decreasing dependence on the U.S. dollar, according to the Financial Times. This development could represent a substantial change in the landscape of global cryptocurrency markets.
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