#BTC still holding the 8th setup... | maverick008 on Binance Square

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#BTC 
still holding
the 8th setup...

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BTC

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-0.59%

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0

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No ETF buyers at weekend That's why BTC & Alts are slow mode The same as previous weekend....

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#BTC/USDT ANALYSIS Bitcoin is currently consolidating within an ascending channel pattern. It has recently faced rejection from the resistance trendline of the channel and is now trading below the 21MA. Meanwhile, the 50MA is providing support just above the channel’s support trendline. A decisive breakout or breakdown from this channel will be key in determining Bitcoin’s next major move. Keep a close watch for confirmation.......

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BONK is gradually approaching the support area. Let's see how the price reacts there. A break below this support area would be bearish and indicate a continuation of the downward movement. Use a tight stop loss when opening long positions......

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The market is showing choppy movement, and the price signals are mixed due to low volume. We can expect similar movement today, but high volatility may occur next week. It is advisable not to engage in high-leverage trading and to use stop-loss orders for all positions.......

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#USDT DOMINANCE ANALYSIS USDT Dominance is currently consolidating within a descending triangle pattern and trading below the 100MA, which is acting as a resistance barrier. Here, we can see further downside, while a breakout above the 100MA may trigger upward momentum. Monitor upcoming price action closely for confirmation of the next move. Given its inverse correlation with the broader cryptocurrency market, a decline in USDT Dominance could indicate growing bullish momentum across the crypto space.

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