Bitcoin Market Analysis

Feb 13, 2024

#BitcoinETE inflows breaks $500m in one day.

-Biden's tweet boosts crypto: BTC breaks $50K, affirming success of BTC spot ETFs. Fed officials reiterate no rate hike soon, maintaining market's uptrend. Ethereum spot ETF submissions rise, hinting at next hot trend, with market poised for further gains.

Chart Trend -📈📈

BTC's correction is weak, replaced by sideways movement. Now entering the third 1H uptrend, but the momentum is weaker compared to the first. With key resistance at $50K, it's a critical observation point. If it holds, chances for further upside to $53K or $58K are possible.

Trading Tips-💡

During trading, it's important to practice self-discipline and proper risk management. Stay relaxed while operating, and exit if the position is unfavorable. Hold onto profitable positions and focus on minimizing losses rather than maximizing gains. Reduce or stop trading when performance is poor, and increase trading when conditions are favorable. Never enter trades impulsively under uncontrollable circumstances.

Don't forget to follow us for everyday News and analysis .. #Write2Earn #BTC #TrendingTopic #Launchpool