ChoiTRD(@Square-Creator-574766799)'s insights

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trade with cautious today

ChoiTRD

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#MarketRebound The market appears to be in a phase of cautious optimism with positive price action and increasing buying interest. However, the resistance levels ahead will be crucial to watch for continued upward movement.

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#MarketRebound The market appears to be in a phase of cautious optimism with positive price action and increasing buying interest. However, the resistance levels ahead will be crucial to watch for continued upward movement.

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#BTCETFInflow Total net inflow for U.S. Spot Bitcoin ETFs on Monday was around $76.42 million. IBIT recorded a net inflow of approximately $38.22 million. ARK Invest and 21Shares' ARKB had a net inflow of around $13.42 million.

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#fearandgreedindex Fear & Greed Index: The Crypto Fear & Greed Index is hovering around 29 ("Fear") on some platforms and 50 ("Neutral") on others. This discrepancy highlights the mixed sentiment in the market. The "Fear" reading suggests that despite the recent price recovery, a significant portion of the market remains apprehensive.

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#technicalanalyst Technical Analysis: Short-term analysis suggests Bitcoin broke through a falling trend channel, indicating a potential slowdown in the previous downward momentum or the start of a more sideways movement. Key resistance levels to watch are around $87,300, and a break above $90,000 - $92,000 could signal a stronger bullish move. Support levels are around $84,000, with stronger support in the $78,000 range.

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#BitcoinWithTariffs Neutral/Cautious Factors: Lingering Tariff Uncertainty: Despite the temporary pause, the underlying economic concerns related to potential U.S. tariffs and global trade policies haven't completely dissipated. This creates some caution in the market. Technical Resistance: The $85,000 level is a significant resistance. Failure to break decisively above it could lead to a pullback. Market Indecision: Some technical indicators, particularly on daily charts, show indecisiveness, with oscillators positioned in neutral territory. This suggests the market hasn't fully committed to a strong directional move. Global Market Pressure: Broader global market uncertainties and geopolitical tensions could still exert downward pressure on risk assets, including Bitcoin.

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