Market may potentially be falling, make sure you're not on t | dr_mt on Binance Square

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Bearish

Market may potentially be falling, make sure you're not on the wrong side. 😇

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$CFX is currently at a major resistance zone from where it has dropped past 5 times. It's also making a bearish flag and if it manages to cross 0.165 level, then it will form a lower high or make an inverse cup-n-handle chart pattern. This drop will be significant as it could potentially lead to a retrace of price up to the depth of the cup at around 0.12! $CFX has already broken down from it's bullish rally and has also formed an inverted hammer on 15min TF, indicating the intensity of rejection & selling pressure. We can now potentially assume a trend change taking place.

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$KNC -QUICK SCALP PUMP Funding rate is about to hit in 40 mins and rate is a staggering -0.60%! Meaning long entries are getting made right now and ready to pump up the price! With negative funding rate shorts pay long, in case you didn't know. Plus accumulation with a breakout has already happened at 0.51. Check image for potential long setup! Don't hold long positions when funding rates are executed, because that's when most close their long positions and prices drop again.

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$BTC FULL MARKET UPDATE & TECHNICAL ANALYSIS : #BTC currently being traded at 117.83K. Recently It went for a correction towards 114.9K level, where it formed a bullish W or double bottom pattern, bouncing to current level. For the past 15 days & 14 hours it has been oscillating in a tight range, with top at around 120-123K & bottom at around 114.8-115K. Support and resistance are strong on these key levels, and without major macro news update, it may potentially continue to ride along side ways like this. However currently its price is at above the mid of the range, and after breaking out of W pattern at the neckline around 117K, it's now retesting previous resistance as new support. It's important to note that liquidation heat map & technical analysis, points towards an upward direction or bullish trend, as massive cluster of liquidations above at 118-119K out weighs liquidations below. This gives market makers incentive to push price upwards during the weekend. Therefore pointing out that most traders expected Bitcoin to dip further as they opened short positions, however current bullish bounce caught them off guard. CMC stats suggests that Market Cap rose to 1.11% while volume decreased significantly by -32.38% When market cap rises but volume drops over the weekend, it signals a weak or low-conviction price move driven by thin liquidity. This often leads to volatility or reversals once regular trading resumes on Monday. On the other hand, Open Interest Soars to $44.5B ATH Despite recent Price Pullback. Even as $BTC 's price dips, traders aren't backing off — open interest has skyrocketed to a record high, reflecting heightened leverage in the market. This sets the stage for increased volatility and a potential wave of liquidations. If you found this thorough analysis helpful and informative, please let me know in the comments. Your support & love keeps this channel going! Thank you 💛 Trade $BTC -

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QUICK $ILV BEARISH UPDATE : $ILV saw an incredible increase of over 20%, however currently it's forming tweezer top if candle closes as a bearish candle. RSI also took a sharp turn dropping from 80s to 60s in less than a min. Selling pressure is mounting, next candle will decide if bearish momentum kicks in unless it falls to the ground with just one candle. Watch for support around 15.5, 15.0 & 14.5, if these levels are breached we can expect it fall towards $12.

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