Bitcoin continues to respect the 50 EMA on the weekly timefr | Deemi534 on Binance Square

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Bullish

Bitcoin continues to respect the 50 EMA on the weekly timeframe — a key dynamic support level that has consistently held throughout this bullish structure.#BTC #BullishJourney 

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#TradeStories Bitcoin Market Update – May 13, 2025 Bitcoin (BTC) is currently trading at approximately $101,703, reflecting a 2.14% decline from the previous close. This downturn follows a recent peak of $105,525, as traders anticipate the upcoming U.S. Consumer Price Index (CPI) report. In the past 24 hours, the crypto market experienced significant liquidations totaling around $713 million, with BTC accounting for $201.09 million. This surge in liquidations indicates heightened market volatility and caution among leveraged traders. The liquidation heatmap reveals substantial resistance near the $104,000–$106,000 range, suggesting potential challenges for BTC to break above this zone in the short term. $BTC Trade Signal: Given the current market dynamics, consider a short position on BTC with an entry around $102,000, targeting a support level near $98,000. Implement a stop-loss at $104,500 to manage potential upside risks. If you found this update helpful, please like, share, and follow for more timely crypto market analyses.

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#TradeStories The liquidation heatmap reveals substantial resistance near the $104,000–$106,000 range, suggesting potential challenges for BTC to break above this zone in the short term. Trade Signal: Given the current market dynamics, consider a short position on BTC with an entry around $102,000, targeting a support level near $98,000. Implement a stop-loss at $104,500 to manage potential upside risks. $BTC

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#TradeStories who took this trade. I can only post trade signals.

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#TradeStories If you missed the trade, it's your fault. First see the #Eth trade signal, already posted early morning . Check posted time and see the current chart of #Eth.

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#NewsTrade #StrategyTrade Technical indicators suggest a potential for further upside. The Relative Strength Index (RSI) stands at 58, indicating room for upward movement before reaching overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, suggesting strengthening momentum. #NewsTrade Trade Signal: Consider a long position on ETH with a target of $2,600. Set a stop-loss at $2,450 to manage risk. $ETH Stay informed on market developments and adjust your trading strategy accordingly.

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