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#BTC This has been the worst altcoin cycle in history โ 176 weeks of altcoins getting crushed against $BTC๐ Honestly, itโs just the usual market moves. Altcoins took a hit this week but mostly are holding around the same levels as a few weeks ago. Looking at the OTHERS chart: as long as we hold these levels, everything looks alright. The five-month downtrend is broken, so now itโs time to start building a higher low. ๐ธ Patience is key here โ the marketโs laying the groundwork for the next move.
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DCA this stage and make profit
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btc ๐ธJames Wynn closed his record-breaking $1.1 billion long on BTC ๐คทโโ๏ธ Despite the low weekend liquidity, the sale of 10,500 BTC pushed the price down by only about $1,000 โ and was executed in under an hour. A clear example of the massive liquidity currently present on futures markets like Hyperliquid. The trader explained his decision by pointing to a โgolden crossโ forming on the chart โ a bullish signal that, in his view, may be preceded by a correction. In other words, BTC might first shake out long traders down to the $98Kโ$100K zone before launching a new upward impulse. On May 23, his unrealized profit peaked at $87M, but in the end, the position was closed at a โ$12M loss. Still, his total result for the entire period (since March 19) stands at +$40.5M ๐ธEven the biggest and most experienced traders sometimes close positions at a loss. So if youโve taken a hit โ donโt give up. Keep pushing forward, keep learning, and come back stronger! ๐ช๐
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Ethereum(ETH) Buyers are pressing the local high on ETH, where we are looking for a proper breakout to happen soon, so we are switching ourselves to a PLAN A scenario. As soon as we see some kind of breakout to form, we will be looking for an entry for a long position here so watch closely.
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trap ๐ชค something coming big ๐๐๐
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