🚨 Bitcoin is in a holding pattern ahead of today's PPI repo | Biyond on Binance Square

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🚨 Bitcoin is in a holding pattern ahead of today's PPI report, with markets on edge due to Iran-Israel tensions and high commodity net shorts. 📉 A drop below $57K could trigger a fall to $55K. BTC needs to close above $62,100 to avoid losing momentum before the election. 🔍 #bitcoin☀️  #CryptoNewss  #PPIData  #MarketWatch2024 

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Bitcoin Market Update: Positive Developments Continue BTC rises above $64,000: SEC’s approval of BlackRock ETF options plays a key role 📈💼 China's Central Bank injects $140 billion in liquidity: Positive for risky assets 💉💰 Market Indicators: Open positions on Binance futures rise to 89,000 BTC: Growing interest 👀📈 CryptoQuant: Increase in coin movements across various age bands 🔄🚀 US Dollar Index (DXY) in decline: Potential catalyst for Bitcoin 📉 Trader Behavior: Short positions and short selling continue 🐻 Majority of leveraged trades are in long positions 🐂 Caution: Risk of liquidation around $62,000 ⚠️ Technical Outlook: Biyond Vanguard: Daily buy signal ✅ Expectation: Buy signals on both 3-day and weekly charts 🔮 Conclusion: The market is positive, but volatility may persist. $65,000+ is critical 🎯👀 #Bitcoin❗ #CryptoAnalysisUpdate #MarketUpdate #HODLHODL 💎🙌

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📊 Bitcoin Quick Take: Key Levels and Market Sentiment BTC pulled back to $63,000, a crucial defense zone for bulls 🛡️ Pullback reasons: Friday options activity, leveraged traders shakeout 📉🔄 Bullish signals remain strong: Michael Saylor: Major US banks might soon custody Bitcoin 🏦 Forbes: BlackRock quietly buying BTC, preparing for USD decline 🐋 Big players potentially using media to support their positions 📰 Technical Outlook: Need a new higher high above $65,000 for significant breakout 📈 If $65,000 becomes support, next target: $68,000 🎯 Key Point: Bitcoin price action suggests higher moves, conditions ripe for a pump 🚀 Remember: $65,000 break would confirm recovery from $52,500 swing low 💪 #bitcoin☀️ #CryptoAnalysisUpdate #BullishMomentum #HODLHODL 💎

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📈 US stock futures did not tank as feared, allowing Bitcoin to survive Monday's crash so far. 🇨🇳 However, plunging Chinese PPI data and commodities warnings of $60 oil raise economic concerns. 🌍 More focus on the global economy, especially China, as media narrative on its slowdown builds. 🤔 This could be a double-edged sword for Bitcoin - initial fears may drag stocks and risk assets lower, but major China stimulus could boost BTC. 📉 Bitcoin's $54,866 weekly close was neither convincing nor bullish. Williams Alligator's first weekly sell signal since April 2022 is alarming. ⚠️ Combined with Vanguard indicator, there are no immediate recovery reasons barring positive crypto news. 😨 Bitcoin Crypto Fear & Greed Index back to multi-year lows, as is the trading-specific index. 💹 Liquidation and leverage data suggest a short-term bounce to $59,000 is possible. 👀 Technically bearish, but a short-term rebound can't be ruled out. CPI data and stock market moves may determine Bitcoin's next direction. What's your outlook on Bitcoin's near-term price action? #Bitcoin❗ #CryptoMarketWatch #EconomicOutlook

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#BiyondDaily - New Short-Term Highs Required 📈 Bitcoin rebounded on positive jobs data, but Friday's payroll report remains crucial. 🏦 Goldman Sachs warns of sharp stock market drop if the report is negative. 📊 Short-term technicals still weak, rallies being sold. 💬 BTC and ETH discussions declining, while AI and memecoins gain traction. 🐳 Rumors of whales instigating altcoin sell-offs. 📉 Daily Active Address Activity at 3-year low. 👀 Private sector jobs report due today, could move markets. 🔑 Monthly pivot point at $57,870, crucial for potential $60,000 push. 💼 Short positions opened near lows, increasing short squeeze potential. Given these factors, what's your take on Bitcoin's short-term outlook? #bitcoin☀️ #CryptoAnalysisUpdate #MarketOutlook #GoldManSachs

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