#AXL Smashed TP1 ✅ | A Fallen Angel on Binance Square

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#AXL Smashed TP1 ✅

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AXL

0.3912

+1.29%

355

0

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#TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap has broken out of the descending channel and is now trading above the horizontal supply zone. Both the 100MA and 200MA are acting as strong support levels, indicating bullish strength. A confirmed candle close above this zone could signal further gains across the crypto market.

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$BTC is outperforming the S&P 500. This is happening when US Q1 GDP comes negative while economic uncertainty is at ATH. It's a sign of BTC maturing as a global hedge asset and it will attract huge inflows from institutional investors. I think BTC/SPX breakout is just a start and BTC will massively outperform S&P 500 in 2025.

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$BTC update : Bitcoin recent price decline is driven by macroeconomic uncertainty from US trade tariffs, technical indicators signaling correction, and a challenging Q1 2025, with a 12.7% loss. While short-term risks persist, historical resilience and upcoming events like Fed rate cuts offer potential for recovery. #BTC #bitcoin

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$BTC 7-day volatility hits 563 day low 👈

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#BCH/USDT ANALYSIS BCH has broken out of the falling wedge pattern with strong volume, signaling bullish momentum. It is currently facing resistance at the 200MA, which is acting as a key barrier above the price action. Meanwhile, the Ichimoku Cloud below is providing solid support. A decisive breakout above the 200MA could open the door for further upward movement.

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