๐ $API3 /USDT Weekly โ Technical Outlook After a massive 98% weekly candle, API3 has broken out of a multi-year descending trendline, signaling a potential macro reversal.
โ Breakout Confirmation The downtrend resistance from early 2022 is decisively broken. Weekly close above all major MAs: MA 7: 0.8731 โ MA 25: 0.7950 โ MA 99: 1.7096 (now being tested) ๐ข Fibonacci Extension Targets Using the full range from ATH to bottom: ๐ฏ Target 1 โ $2.66 (0.236 Fib) โ Just cleared ๐ฏ Target 2 โ $4.03 (0.382 Fib) ๐ฏ Target 3 โ $5.13 (0.5 Fib) ๐ Bonus: $6.24 (0.618 Fib) and $7.81 (0.786 Fib) if momentum sustains ๐ก๏ธ Support Levels ๐ข $1.20โ$1.30: recent breakout retest zone ๐ $0.85โ$0.80: MA 25 & prior range top ๐ด $0.60: invalidation of breakout structure โ ๏ธ Quick Notes RSI likely entering overbought zone โ may cause short-term pullback Volume spike confirms real buying interest Could consolidate below MA 99 before continuation ๐ง Final Take The trendline that once defined the bear is now the springboard for the bull. API3 just broke its shackles โ the real game may just be beginning. ๐
The "Bitcoin August Curse" is a phenomenon where Bitcoin's price tends to drop significantly in August, with some investors attributing it to historical trends rather than fundamental analysis. Robert Kiyosaki, author of "Rich Dad Poor Dad," has warned about this curse, predicting Bitcoin could drop to $90,000 and stating he'd double his BTC investment if this happens .
Understanding the Curse: Historical Data ๐ - Bitcoin's average return in August is 1.5%, with a median return of -7.49% over the past 12 years. - The month has recorded losses in eight of those years, with some notable drops, such as an 8.7% decline in 2024.
Current Market Situation ๐ - Bitcoin's price is currently around $112,759.75, showing some volatility. - Macro headwinds, including weak job numbers and trade tensions, are contributing to the market uncertainty .
Kiyosaki's Perspective ๐ค - He views potential price corrections as opportunities to accumulate more Bitcoin. - Kiyosaki attributes the volatility to macroeconomic factors, such as the US national debt and monetary policies, rather than Bitcoin's fundamentals. The Debate: Real or FUD? ๐คทโโ๏ธ
- Some investors believe the "August Curse" is a self-fulfilling prophecy, driven by market expectations rather than underlying value. - Others see it as a stress test for Bitcoin's ability to hold momentum amidst seasonal weakness and real-time market pressure .
Ultimately, whether the "August Curse" materializes or not depends on various market factors. If history repeats itself, we might see a drop below $90,000. However, if Bitcoin finds support and bounces back, it could signal a stronger market than expected. $BTC
$BNB USDT short trade signal$BNB ๐ฆ ๐ BEARISH REVERSAL โ SHORT SETUP LOADING ๐จ
BNB has failed to sustain above the 840โ850 resistance zone and is now showing weakness. The market structure on lower timeframes signals selling pressure, with rejection candles confirming bears taking control. A downside continuation is likely if price loses momentum below current support. Trade Setup (Short): Entry Zone: 835 โ 838 Targets (TP): TP1: 825 TP2: 815 TP3: 808 Stop Loss (SL): 849
BEARS GAIN CONTROL, DOWNSIDE SETUP ACTIVE PROVE/USDT is under heavy selling pressure after repeated failures to reclaim higher levels. Sellers are tightening their grip, and a deeper retracement looks imminent unless buyers step in with strong momentum. Trade Setup (Short): Entry Zone: 1.228 โ 1.235 Take Profit 1: 1.205 Take Profit 2: 1.197 Stop Loss: 1.246 Market Outlook: Momentum has shifted bearish after rejection near 1.245. As long as price remains below 1.240, downside continuation remains likely. Bears are targeting the 1.20 zone as the next major support level.