$ETH making the descending channel | Binanacepro on Binance Square

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$ETH making the descending channel

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$ETH 📊 Chart Analysis Summary: Current Price: ~$2,424.89 Timeframe: 30-minute Pattern: The chart shows range-bound movement with a fakeout to the upside, followed by a pullback. This suggests uncertainty or a potential setup for the next breakout. 🔍 Key Levels: Support: $2,400 – $2,405 (multiple wicks bounced here) Resistance: $2,460 – $2,470 (recent rejection zone) 🛠️ Trade Setup (Short-Term): ✅ Long (Buy) Setup: Entry: $2,410 – $2,415 (near support zone) Stop-Loss: $2,395 (below previous wick low) Take-Profit: TP1: $2,440 TP2: $2,460 🔻 Short (Sell) Setup (if price fails to break resistance): Entry: $2,455 – $2,460 Stop-Loss: $2,475 Take-Profit: TP1: $2,430 TP2: $2,410 ⚠️ Notes: Wait for a clear breakout above $2,470 for a bullish continuation. If price breaks below $2,400, expect a bearish move toward $2,370–$2,360.

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$ETH Entry : 2510 tp1:2480 tp2:2460 sl:2548

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As of June 6, 2025, Bitcoin ($BTC ) is trading at approximately $103,038 USD, reflecting a 1.56% decrease over the past 24 hours. Stock market information for Bitcoin ($BTC ) Bitcoin is a crypto in the CRYPTO market. The price is 103038.0 USD currently with a change of -1629.00 USD (-0.02%) from the previous close. The intraday high is 105888.0 USD and the intraday low is 100781.0 USD. 📉 Market Overview 24-Hour Range: $100,781 – $105,888 Market Cap: Approximately $2.04 trillion 24-Hour Trading Volume: Around $60.9 billion(tradingview.com, bitdegree.org, binance.com) Bitcoin has experienced a pullback from its all-time high of over $111,000 recorded in May, indicating a phase of market consolidation. (tradingview.com) 📰 Recent Developments Market Volatility: A public feud between Elon Musk and Donald Trump has contributed to market instability, leading to significant liquidations in the crypto market. (cointelegraph.com) Institutional Activity: Trump Media and Technology Group has filed for a Bitcoin exchange-traded fund (ETF), signaling increased institutional interest in cryptocurrency investments. (marketwatch.com) Technical Indicators: The Bitcoin Hash Ribbons metric has delivered its third 'buy' signal of 2025, suggesting potential bullish momentum. (tradingview.com) 🔍 Technical Perspective Analysts note that the current Bitcoin bull cycle differs significantly from those in 2017 and 2021, with less euphoric sentiment and more measured price movements. (tradingview.com)

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$WCT As of June 5, 2025, Wallet Connect Token ($WCT) is trading against Tether (USDT) on Binance at approximately $0.4487, reflecting a decrease of 8.64% from the previous close. Key Market Data:24-Hour Range: $0.4487 – $0.4945 24-Hour Trading Volume: Approximately $164 million Market Capitalization: Approximately $83.6 million Circulating Supply: 186.2 million $WCT All-Time High: $1.39 (May 30, 2025) All-Time Low: $0.20 (April 15, 2025) Technical Overview: After reaching its all-time high of $1.39 on May 30, WCT has experienced a significant correction, currently trading around $0.4487. This represents a decline of approximately 67.7% from its peak. The recent price action suggests increased volatility, with a 24-hour trading range between $0.4487 and $0.4945. Trading Strategy: Please note that trading cryptocurrencies involves significant risk, and it's essential to conduct your own research or consult with a financial advisor before making trading decisions. Long Position (Buy): Entry Point: $0.4500 Take Profit (TP): $0.5000 Stop Loss (SL): $0.4300 Short Position (Sell): Entry Point: $0.4400 Take Profit (TP): $0.4000 Stop Loss (SL): $0.4600 Risk Management:Risk/Reward Ratio: Aim for a ratio of at least 1:2 to ensure that potential profits outweigh potential losses. Position Sizing: Determine the amount to invest based on your risk tolerance and the size of your trading account. Diversification: Avoid allocating all your capital to a single trade or asset. Market Sentiment: The recent decline in WCT's price indicates a bearish sentiment in the short term. However, the token's fundamentals and previous performance suggest potential for recovery. Monitoring market news, project developments, and broader cryptocurrency market trends will be crucial in assessing future price movements.

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