BTC Surges 3.95% as $155M Shorts Liquidated, Breaks $106,500 Resistance Amid Market Optimism
Bitcoin (BTCUSDT) has experienced a notable price increase over the past 24 hours, rising 3.95% from a 24-hour open of 105,653.07 to a current Binance price of 109,821.89. This upward movement is primarily attributed to strong buying activity following Bitcoinโs breakout above the critical resistance level of $106,500, which triggered significant liquidations of short positions totaling approximately $155.57 million. The rally has occurred despite a recent decline in the seven-day average transaction count to 317,000, the lowest since October 2023, and ongoing macroeconomic uncertainties, including U.S. political tensions and stable Federal Reserve rate expectations.
Currently, Bitcoinโs market capitalization stands at approximately $2.094 trillion with a 24-hour trading volume of $28.21 billion, and the circulating supply is about 19.8 million BTC. Technical sentiment remains cautiously optimistic, supported by a "Greed" reading of 62 on the Fear & Greed Index, as Bitcoin trades near its recent all-time high and maintains strong support above key levels.
I'm on $MKR โ smashed through $2K ๐ฅ
From $1,730 to $2,003 โ pure momentum, no pullbacks.
I'm in at $1,985โ$2,005
Targets: $2,080 / $2,150 / $2,300
SL tight at $1,940
A close above $2,020 = next leg up.
I'm trailing gains โ DeFi heat is real ๐
{spot}(MKRUSDT)
#CryptoCharts101 #USChinaTradeTalks #BTC110KSoon? #StrategyBTCPurchase #MarketRebound
๐ $MKR /USDT โ MEGA BREAKOUT OVER $2000! ๐ฅ๐ฅ
Current Price: $2,001 (+14.21%)
The DeFi king $MKR just ripped through the $2K mark โ pure vertical momentum on the 30m chart! ๐
๐ Market Structure:
Steady climb from $1,730 lows to a fresh high at $2,003
Bullish momentum with minimal pullbacks
24H volume heating up โ breakout confirmation in play
๐ Key Levels:
Support: $1,950
Resistance: $2,020
Breakout Zone: $1,980โ$2,000
๐ฏ Trade Setup:
Entry Zone: $1,985โ$2,005
TP1: $2,080
TP2: $2,150
TP3: $2,300
Stop Loss: $1,940
๐ก Pro Tip:
A strong close above $2,020 could trigger the next wave of FOMO. Trailing stop strategy can help capture more upside!
๐ฅ Big breakout in progress โ DeFi bulls are back and $MKR is leading the charge! ๐งจ๐
{spot}(MKRUSDT)
#CryptoCharts101 #USChinaTradeTalks #BTC110KSoon? #StrategyBTCPurchase #MarketRebound
#TradingMistakes101 Cuando comencรฉ en el Trading de Criptomonedas, fue empรญricamente! Asรญ mismo cรณmo en la U nos mandaban tareas (Trabajos) las buscabamos en Google; entonces lo que hice fue investigar sobre tรฉrminos y todo sobre Blockchain & Bitcoin. Habรญan cursos para ese entonces que valรญan 1,000.00 dรณlares y yo nos los tenรญa, cree mi propia investigaciรณn a prueba de ensayo y error donde me convertรญ en Trader Profesional con mรกs de 4 aรฑos y 6 meses en Binance.
Consejo: No inviertas mรกs de lo que no estรกs dispuesto a perder. "El 93% de los Traders pierde su dinero, sรณlo el 7% es rentable" Investiga y aprende del proceso, haz tu propia investigaciรณn DYOR. โ๏ธ๐ชโ
๏ธ๐ฏ
ยกDe los errores aprendemos a fortalecernos de las caรญdas! ๐ค๐๐ฏ
According to Reuters, crypto fund assets hit a record high in May. Data from Morningstar shows that 294 crypto funds saw a net inflow of $7.05 billion during the month, bringing total assets under management to $167 billion. In contrast, Lipper data shows global equity funds had a net outflow of $5.9 billion, while gold funds recorded their first outflow in 15 months, totaling $678 million.