Binance Square

Clyde Dao

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34 Followers
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Bullish
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Hello Binance Square users! ABOUT ME - "Clyde Dao" I live in Vietnam, I am the first generation of the 9X. My articles do not talk much about the market or market trends. Nor does it talk much about technical analysis. My articles are mainly about human feelings and trading experiences over the years. My personal trading experience and reaction. Please see these articles as Blog. New wind. Read and feel it, like entertainment. No need to worry too much about technique. What I can give you is inspiration, perspective, and experience over the years. Sometimes I will give you the command codes that I enter. What you need to do is create your own path and orient yourself. You can find my name on popular social networking sites. To me, everyone's knowledge and experience are valuable and appreciated. We are not the same, our experiences are not the same. Hopefully my articles will give you a more general perspective on the profession and direction. Maybe many of you can find a path that suits each person's personality and thinking from my playing style. I like to be funny, interesting and polite. Life is colorful, there is no shortage of strange things! If you like, follow me. You can absolutely ask questions about: trading, how to make money, suitable professions, cuisine, feng shui, and destiny. Exclude questions: Today's lottery results, how much BTC price goes up or down, which coin is about to x10... I like BNB and BTC and Market Blue. SIGNED: Clyde Dao #binance #bnb #btc #ETH
Hello Binance Square users!
ABOUT ME - "Clyde Dao"
I live in Vietnam, I am the first generation of the 9X.
My articles do not talk much about the market or market trends. Nor does it talk much about technical analysis.
My articles are mainly about human feelings and trading experiences over the years. My personal trading experience and reaction.
Please see these articles as Blog. New wind. Read and feel it, like entertainment. No need to worry too much about technique.
What I can give you is inspiration, perspective, and experience over the years.
Sometimes I will give you the command codes that I enter. What you need to do is create your own path and orient yourself.
You can find my name on popular social networking sites.
To me, everyone's knowledge and experience are valuable and appreciated. We are not the same, our experiences are not the same.
Hopefully my articles will give you a more general perspective on the profession and direction.
Maybe many of you can find a path that suits each person's personality and thinking from my playing style.
I like to be funny, interesting and polite.
Life is colorful, there is no shortage of strange things!
If you like, follow me.
You can absolutely ask questions about: trading, how to make money, suitable professions, cuisine, feng shui, and destiny. Exclude questions: Today's lottery results, how much BTC price goes up or down, which coin is about to x10...
I like BNB and BTC and Market Blue.
SIGNED: Clyde Dao
#binance #bnb #btc #ETH
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Bearish
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Short $BTC Entry: $67,342 Target: - TP1: $66,636 - TP2: $66,318 - TP3: $65,828 Leverage: Up to you. Stop Loss $67,989 This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision. Good luck 👍🏿 #btc #SHORT📉 #Write2Win #binance
Short $BTC
Entry: $67,342
Target:
- TP1: $66,636
- TP2: $66,318
- TP3: $65,828
Leverage: Up to you.
Stop Loss $67,989

This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision.
Good luck 👍🏿
#btc #SHORT📉 #Write2Win #binance
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Bearish
See original
Short $BTC Open $65,927 Take Profit $63,286 Leverage 30x Stop Loss $66,577 If this trade hits the stop loss, you will lose 30% of your margin This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision. Good luck 👍🏿 #btc #short #Write2Win #binance $BTC
Short $BTC
Open $65,927
Take Profit $63,286
Leverage 30x
Stop Loss $66,577
If this trade hits the stop loss, you will lose 30% of your margin
This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision.
Good luck 👍🏿
#btc #short #Write2Win #binance
$BTC
Clyde Dao
--
Bearish
Short $BTC
Open $65,927
Take Profit $63,286
Leverage 30x
Stop Loss $66,577
If this trade hits the stop loss, you will lose 30% of your margin
This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision.
Good luck 👍🏿
#btc #eth #shortbtc #Write2Win #Binanace
$BTC $ETH
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Bearish
See original
Short $ETH Open $2624 Take Profit $2534 Leverage 30x Stop Loss $2650 If this trade hits the stop loss, you will lose 30% of your margin This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision. Good luck 👍🏿 #eth #ethshort #Write2Win #Binanace $ETH
Short $ETH
Open $2624
Take Profit $2534
Leverage 30x
Stop Loss $2650
If this trade hits the stop loss, you will lose 30% of your margin
This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision.
Good luck 👍🏿
#eth #ethshort #Write2Win #Binanace
$ETH
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Bearish
See original
Short $BTC Open $65,927 Take Profit $63,286 Leverage 30x Stop Loss $66,577 If this trade hits the stop loss, you will lose 30% of your margin This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision. Good luck 👍🏿 #btc #eth #shortbtc #Write2Win #Binanace $BTC $ETH
Short $BTC
Open $65,927
Take Profit $63,286
Leverage 30x
Stop Loss $66,577
If this trade hits the stop loss, you will lose 30% of your margin
This is just my opinion and not investment advice so please consider carefully before you put your hands on the keyboard and make a decision.
Good luck 👍🏿
#btc #eth #shortbtc #Write2Win #Binanace
$BTC $ETH
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Bearish
See original
$BTC is about to drop below $56,000 and $ETH will also follow suit. Everyone who is trading needs to be careful to avoid losing their assets. Anyone who is shorting should pay attention to reasonable Entry, SL and TP. This is not investment advice so always be careful in your own decisions. #MarketDownturn #Write2Win #BinanceTurns7 #Btc #eth {spot}(ETHUSDT) {future}(BTCUSDT)
$BTC is about to drop below $56,000 and $ETH will also follow suit.
Everyone who is trading needs to be careful to avoid losing their assets.
Anyone who is shorting should pay attention to reasonable Entry, SL and TP.
This is not investment advice so always be careful in your own decisions.
#MarketDownturn #Write2Win #BinanceTurns7 #Btc #eth
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Bullish
See original
Thank you everyone for your trust, please continue with the 2nd "LONG" Order and wait for the results This time : Entry 64,600 City 66,650 Then maybe BTC will test the bottom again Everyone, please wait to place a "Long" order again next time #binance #BTC☀ #bitcoin $BTC
Thank you everyone for your trust, please continue with the 2nd "LONG" Order and wait for the results
This time :
Entry 64,600
City 66,650
Then maybe BTC will test the bottom again
Everyone, please wait to place a "Long" order again next time
#binance #BTC☀ #bitcoin $BTC
Clyde Dao
--
Bullish
Hi everybody,
It's me again
Everyone prepared...?
$BTC place LONG order:
- Entry: 64,450
- SL: 63,900
- City: 65,220 ; 69,330 ; 71,550

Balance your money. You should use 2-3% of your account to keep the risk to a minimum.
This is just a personal opinion and is not investment advice
Love.
#btc #binance #bitcoin #ethereum #Web3 $ETH $BTC
See original
Clyde Dao
--
Bullish
Hi everybody,
It's me again
Everyone prepared...?
$BTC place LONG order:
- Entry: 64,450
- SL: 63,900
- City: 65,220 ; 69,330 ; 71,550

Balance your money. You should use 2-3% of your account to keep the risk to a minimum.
This is just a personal opinion and is not investment advice
Love.
#btc #binance #bitcoin #ethereum #Web3 $ETH $BTC
See original
Hi everybody, It's me again. Everyone who "Long $BTC " closed the order at 65,600 yesterday. Wait for BTC to return to Entry then enter again Thanks everyone Love.
Hi everybody,
It's me again.
Everyone who "Long $BTC " closed the order at 65,600 yesterday.
Wait for BTC to return to Entry then enter again
Thanks everyone
Love.
Clyde Dao
--
Bullish
Hi everybody,
It's me again
Everyone prepared...?
$BTC place LONG order:
- Entry: 64,450
- SL: 63,900
- City: 65,220 ; 69,330 ; 71,550

Balance your money. You should use 2-3% of your account to keep the risk to a minimum.
This is just a personal opinion and is not investment advice
Love.
#btc #binance #bitcoin #ethereum #Web3 $ETH $BTC
--
Bullish
See original
Hi everybody, It's me again Everyone prepared...? $BTC place LONG order: - Entry: 64,450 - SL: 63,900 - City: 65,220 ; 69,330 ; 71,550 Balance your money. You should use 2-3% of your account to keep the risk to a minimum. This is just a personal opinion and is not investment advice Love. #btc #binance #bitcoin #ethereum #Web3 $ETH $BTC
Hi everybody,
It's me again
Everyone prepared...?
$BTC place LONG order:
- Entry: 64,450
- SL: 63,900
- City: 65,220 ; 69,330 ; 71,550

Balance your money. You should use 2-3% of your account to keep the risk to a minimum.
This is just a personal opinion and is not investment advice
Love.
#btc #binance #bitcoin #ethereum #Web3 $ETH $BTC
Clyde Dao
--
Bearish
Hi everybody,
BTC analysis for the next 2 weeks. 🧑‍🔬👨‍🔬👨‍🔬👨‍🔬👨‍🔬
Price $BTC on June 14 has been reduced to $65,030
Today it will probably drop to $64,500 and then there will be 2 weeks of growth.
There are two levels to be achieved this time
- Level 1: 69,500
- Level 2: 71,300
This is just a personal analysis. Not investment advice.
Be considerate and spend your money effectively.
Love!
--
Bearish
See original
Hi everybody, BTC analysis for the next 2 weeks. 🧑‍🔬👨‍🔬👨‍🔬👨‍🔬👨‍🔬 Price $BTC on June 14 has been reduced to $65,030 Today it will probably drop to $64,500 and then there will be 2 weeks of growth. There are two levels to be achieved this time - Level 1: 69,500 - Level 2: 71,300 This is just a personal analysis. Not investment advice. Be considerate and spend your money effectively. Love!
Hi everybody,
BTC analysis for the next 2 weeks. 🧑‍🔬👨‍🔬👨‍🔬👨‍🔬👨‍🔬
Price $BTC on June 14 has been reduced to $65,030
Today it will probably drop to $64,500 and then there will be 2 weeks of growth.
There are two levels to be achieved this time
- Level 1: 69,500
- Level 2: 71,300
This is just a personal analysis. Not investment advice.
Be considerate and spend your money effectively.
Love!
Clyde Dao
--
ANALYSIS $BTC June 14
* On D1 frame: Yesterday's D1 candle was a bearish candle, but it did not break the body of the parent candle of the Inside bar candlestick pattern, and the low volume showed that the selling force was not strong and did not create anything notable. idea.
- It can be seen that BTC continues to maintain a sideways accumulation state in the price range from 66 - 72k after a growth spurt from the 56k price range. So in general, the chart structure of BTC is still inclined to increase in price, so on the D1 frame you can wait for a false breakout below the price frame to buy in to expect the uptrend of BTC to continue.
* On H4 frame: After the news of CPI decrease (good news), BTC's attempt to push the price beyond the most recent swing high (70k area) on H4 frame failed and was quickly pushed back down, it reflects The selling blocking force from above is still strong.
- Because the short-term structure on H4 is still showing lower peaks and lower lows, and the buying force to support prices at the present time is quite weak, it is likely that BTC will have a shakeout to below 66k before rebounding. .#TopCoinsJune2024 #btc #binance #ETH #bitcoin $$BTC
See original
ANALYSIS $BTC June 14 * On D1 frame: Yesterday's D1 candle was a bearish candle, but it did not break the body of the parent candle of the Inside bar candlestick pattern, and the low volume showed that the selling force was not strong and did not create anything notable. idea. - It can be seen that BTC continues to maintain a sideways accumulation state in the price range from 66 - 72k after a growth spurt from the 56k price range. So in general, the chart structure of BTC is still inclined to increase in price, so on the D1 frame you can wait for a false breakout below the price frame to buy in to expect the uptrend of BTC to continue. * On H4 frame: After the news of CPI decrease (good news), BTC's attempt to push the price beyond the most recent swing high (70k area) on H4 frame failed and was quickly pushed back down, it reflects The selling blocking force from above is still strong. - Because the short-term structure on H4 is still showing lower peaks and lower lows, and the buying force to support prices at the present time is quite weak, it is likely that BTC will have a shakeout to below 66k before rebounding. .#TopCoinsJune2024 #btc #binance #ETH #bitcoin $$BTC
ANALYSIS $BTC June 14
* On D1 frame: Yesterday's D1 candle was a bearish candle, but it did not break the body of the parent candle of the Inside bar candlestick pattern, and the low volume showed that the selling force was not strong and did not create anything notable. idea.
- It can be seen that BTC continues to maintain a sideways accumulation state in the price range from 66 - 72k after a growth spurt from the 56k price range. So in general, the chart structure of BTC is still inclined to increase in price, so on the D1 frame you can wait for a false breakout below the price frame to buy in to expect the uptrend of BTC to continue.
* On H4 frame: After the news of CPI decrease (good news), BTC's attempt to push the price beyond the most recent swing high (70k area) on H4 frame failed and was quickly pushed back down, it reflects The selling blocking force from above is still strong.
- Because the short-term structure on H4 is still showing lower peaks and lower lows, and the buying force to support prices at the present time is quite weak, it is likely that BTC will have a shakeout to below 66k before rebounding. .#TopCoinsJune2024 #btc #binance #ETH #bitcoin $$BTC
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Bearish
See original
🚨According to Arkham data, Curve founder Michael Egorov borrowed 95.7 million USD in stablecoins (mainly crvUSD) through 5 accounts across 5 protocols, secured by 141 million USD in#CRV. •According to Parsec, $22.6 million worth of CRV collateral positions were liquidated in the morning. $BTC $CRV #CRVUSDT #binance #EarnFreeCrypto2024 #btc
🚨According to Arkham data, Curve founder Michael Egorov borrowed 95.7 million USD in stablecoins (mainly crvUSD) through 5 accounts across 5 protocols, secured by 141 million USD in#CRV.
•According to Parsec, $22.6 million worth of CRV collateral positions were liquidated in the morning. $BTC $CRV #CRVUSDT #binance #EarnFreeCrypto2024 #btc
See original
🚨 The general news is that reducing inflation will have some impact on bitcoin, it will have a decrease in price. But the bullish force is growing so it will be easy to pull back. Test again at 67,700-68,300 and then go back to recovery. As for the news, it's not too heavy, it's a bit bad for crypto but it's not a big deal. We can still be confident that the market can recover. But there is a case where if the D1 candle closes below 67,200, it must be considered because it could go back to 65,000 because it broke support. But I still hope it gets better. #TopCoinsJune2024 #binance #btc #FedNewYork #FOMC
🚨 The general news is that reducing inflation will have some impact on bitcoin, it will have a decrease in price. But the bullish force is growing so it will be easy to pull back. Test again at 67,700-68,300 and then go back to recovery. As for the news, it's not too heavy, it's a bit bad for crypto but it's not a big deal. We can still be confident that the market can recover.
But there is a case where if the D1 candle closes below 67,200, it must be considered because it could go back to 65,000 because it broke support. But I still hope it gets better. #TopCoinsJune2024 #binance #btc #FedNewYork #FOMC
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Bearish
See original
LATEST NEWS: FED announces important decision on interest rates! Good or bad for Bitcoin? As of today, inflation data from#USAhas been tracked across traditional financial markets and the crypto sector. The announcement of below-expected inflation (3.3%) has allowed crypto assets to show upward movements. Recently, the US Federal Reserve (FED) announced a new interest rate decision.#FEDannounced that interest rates will be kept unchanged at 5.50%, in line with expectations. The US Federal Reserve (FED) included the following information in the economic report shared along with the interest rate decision: ** We do not believe it is appropriate to reduce the scope of the policy target until there is greater confidence that inflation will move sustainably towards 2%. ** Despite the lack of progress noted in the May 1 statement, modest progress was made toward the 2% inflation target. ** Fed policymakers predict GDP growth of 2.1% and unemployment of 4% in 2024; both were unchanged from March. Although the#FEDdid not make a surprise decision, the leading cryptocurrency#Bitcoin(BTC) faced selling pressure and fell to $68,800. Seconds later it was revealed that this drop was a shaking motion. After liquidating long positions, BTC made up for a significant portion of the recent decline. As of now, all eyes in the cryptocurrency market are focused on Fed Chairman Jerome Powell's press conference.
LATEST NEWS: FED announces important decision on interest rates! Good or bad for Bitcoin?
As of today, inflation data from#USAhas been tracked across traditional financial markets and the crypto sector. The announcement of below-expected inflation (3.3%) has allowed crypto assets to show upward movements.
Recently, the US Federal Reserve (FED) announced a new interest rate decision.#FEDannounced that interest rates will be kept unchanged at 5.50%, in line with expectations.
The US Federal Reserve (FED) included the following information in the economic report shared along with the interest rate decision:
** We do not believe it is appropriate to reduce the scope of the policy target until there is greater confidence that inflation will move sustainably towards 2%.
** Despite the lack of progress noted in the May 1 statement, modest progress was made toward the 2% inflation target.
** Fed policymakers predict GDP growth of 2.1% and unemployment of 4% in 2024; both were unchanged from March.
Although the#FEDdid not make a surprise decision, the leading cryptocurrency#Bitcoin(BTC) faced selling pressure and fell to $68,800.
Seconds later it was revealed that this drop was a shaking motion. After liquidating long positions, BTC made up for a significant portion of the recent decline.
As of now, all eyes in the cryptocurrency market are focused on Fed Chairman Jerome Powell's press conference.
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Bearish
See original
! ! Important notification! ! ! ! Does Europe's interest rate cut mean we've won? ! Assessing the current situation, the Federal Reserve is already planning the next two or three steps. A rise in Japanese yen interest rates has supported liquidity, while euro zone interest rate cuts once again pushed the US dollar index higher, achieving the effect of raising interest rates despite the Federal Reserve no interest rate increase. Of the six currencies linked to the US dollar index, the euro accounts for more than 50%. The euro's interest rate cuts will continue to keep the US dollar passive and strong, and will continue to have a blood-sucking effect around the world. in the second half of the year. Furthermore, the fundamentals of the US economy are quite solid, especially some of the top US stocks have returned to good results. Even as commercial banks and commercial real estate come under pressure and the economy slows, that doesn't stop the wealth effect. from continuing to increase. This is the exact opposite of our Contrast. At the same time, geopolitical instability will also strengthen the safe-haven properties of the US dollar. Therefore, the Fed still has room to raise interest rates once, and the current interest rate is not unbearably high. The recent sharp decline in gold and Bitcoin appears to be Wall Street's attempt to squeeze some money into the bond market. In short, the left hand is still the right hand and the Federal Reserve can still operate on its own. $BTC
! ! Important notification! !
! ! Does Europe's interest rate cut mean we've won? !
Assessing the current situation, the Federal Reserve is already planning the next two or three steps. A rise in Japanese yen interest rates has supported liquidity, while euro zone interest rate cuts once again pushed the US dollar index higher, achieving the effect of raising interest rates despite the Federal Reserve no interest rate increase.
Of the six currencies linked to the US dollar index, the euro accounts for more than 50%. The euro's interest rate cuts will continue to keep the US dollar passive and strong, and will continue to have a blood-sucking effect around the world. in the second half of the year. Furthermore, the fundamentals of the US economy are quite solid, especially some of the top US stocks have returned to good results. Even as commercial banks and commercial real estate come under pressure and the economy slows, that doesn't stop the wealth effect. from continuing to increase. This is the exact opposite of our Contrast. At the same time, geopolitical instability will also strengthen the safe-haven properties of the US dollar. Therefore, the Fed still has room to raise interest rates once, and the current interest rate is not unbearably high.
The recent sharp decline in gold and Bitcoin appears to be Wall Street's attempt to squeeze some money into the bond market. In short, the left hand is still the right hand and the Federal Reserve can still operate on its own. $BTC
--
Bearish
See original
🚨WARNING: 7 token unlocks this week (June 10 - 16) [BOOKMARK THIS POST! 👉] $APT Unlock date: June 12 Tokens Unlocked: 11.33 million (1.03% of total supply) Value: 92.88 million USD Market capitalization: 6.92 billion USD Fully diluted market capitalization: $8.98 billion $ARB Unlock date: June 16 Token Unlocked: 92.63 million (0.93% of total supply) Value: 90.01 million USD Market capitalization: 1.18 billion USD Fully diluted market capitalization: $9.71 billion $UNI Unlock date: June 16 Tokens Unlocked: 8.33 million (0.83% of total supply) Value: 83.29 million USD Market capitalization: 5.99 billion USD Fully diluted market capitalization: $6.99 billion $STRK Unlock date: June 15 Token Unlocked: 63.99 million (0.64% of total supply) Value: 72.40 million USD Market capitalization: 1.18 billion USD Fully diluted market capitalization: $11.3 billion $SEI Unlock date: June 15 Token Unlocked: 125.01 million (1.25% of total supply) Value: 62.63 million USD Market capitalization: 4.28 billion USD Fully diluted market cap: $5.01 billion $IMX Unlock date: June 14 Tokens Unlocked: 25.53 million (1.28% of total supply) Value: 51.28 million USD Market capitalization: 4.01 billion USD Fully diluted market capitalization: $5.12 billion $ICP Unlock date: June 11 Token Unlock: 2.33M (0.26% of total supply) Value: 35.65 million USD Market capitalization: 5.72 billion USD Fully diluted market capitalization: $6.18 billion #TopCoinsJune2024 #binance #Aptos #ethereum #bitcoin
🚨WARNING: 7 token unlocks this week (June 10 - 16)
[BOOKMARK THIS POST! 👉]
$APT
Unlock date: June 12
Tokens Unlocked: 11.33 million (1.03% of total supply)
Value: 92.88 million USD
Market capitalization: 6.92 billion USD
Fully diluted market capitalization: $8.98 billion
$ARB
Unlock date: June 16
Token Unlocked: 92.63 million (0.93% of total supply)
Value: 90.01 million USD
Market capitalization: 1.18 billion USD
Fully diluted market capitalization: $9.71 billion
$UNI
Unlock date: June 16
Tokens Unlocked: 8.33 million (0.83% of total supply)
Value: 83.29 million USD
Market capitalization: 5.99 billion USD
Fully diluted market capitalization: $6.99 billion
$STRK
Unlock date: June 15
Token Unlocked: 63.99 million (0.64% of total supply)
Value: 72.40 million USD
Market capitalization: 1.18 billion USD
Fully diluted market capitalization: $11.3 billion
$SEI
Unlock date: June 15
Token Unlocked: 125.01 million (1.25% of total supply)
Value: 62.63 million USD
Market capitalization: 4.28 billion USD
Fully diluted market cap: $5.01 billion
$IMX
Unlock date: June 14
Tokens Unlocked: 25.53 million (1.28% of total supply)
Value: 51.28 million USD
Market capitalization: 4.01 billion USD
Fully diluted market capitalization: $5.12 billion
$ICP
Unlock date: June 11
Token Unlock: 2.33M (0.26% of total supply)
Value: 35.65 million USD
Market capitalization: 5.72 billion USD
Fully diluted market capitalization: $6.18 billion
#TopCoinsJune2024 #binance #Aptos #ethereum #bitcoin
--
Bearish
See original
From a technical perspective, Bitcoin's decline today began after testing temporary resistance at around $70,200. The main reason Bitcoin price is down today is due to the strong US May jobs report. Nonfarm payrolls rose 272,000, beating all 77 estimates in the Bloomberg economic survey. This positive data caused a spike in Treasury yields, with both the 2-year and 10-year yields rising about 12 basis points. As a result, stocks fell, with the benchmark S&P 500 index down about 0.3%, while the dollar strengthened. Higher yields typically indicate increased borrowing costs, leading to reduced risk-taking. As a result, investors tend to stay away from riskier assets such as stocks and cryptocurrencies in favor of safer investments. Another factor contributing to the decline in Bitcoin price is a slight decrease in the supply of BTC held by the wealthiest holders. Notably, the supply of Bitcoin held by “whales” of at least 100,000 BTC has decreased by 0.2% over the past 48 hours. This 70.200$BTC resistance level appears to be the neckline of Bitcoin's popular inverse head and shoulders (IH&S) pattern. This classic bullish reversal setup resolves when the price breaks above the neckline and increases the maximum distance between the low point of the pattern and the neckline. If the IH&S model plays out as planned, Bitcoin's main upside price target for July is over $90,000. Conversely, a pullback from the neckline could send BTC price towards its 50-day exponential moving average (50-day EMA) at around 66.740 USD.
From a technical perspective, Bitcoin's decline today began after testing temporary resistance at around $70,200.
The main reason Bitcoin price is down today is due to the strong US May jobs report.
Nonfarm payrolls rose 272,000, beating all 77 estimates in the Bloomberg economic survey.
This positive data caused a spike in Treasury yields, with both the 2-year and 10-year yields rising about 12 basis points.
As a result, stocks fell, with the benchmark S&P 500 index down about 0.3%, while the dollar strengthened.
Higher yields typically indicate increased borrowing costs, leading to reduced risk-taking.
As a result, investors tend to stay away from riskier assets such as stocks and cryptocurrencies in favor of safer investments.
Another factor contributing to the decline in Bitcoin price is a slight decrease in the supply of BTC held by the wealthiest holders.
Notably, the supply of Bitcoin held by “whales” of at least 100,000 BTC has decreased by 0.2% over the past 48 hours.

This 70.200$BTC resistance level appears to be the neckline of Bitcoin's popular inverse head and shoulders (IH&S) pattern.
This classic bullish reversal setup resolves when the price breaks above the neckline and increases the maximum distance between the low point of the pattern and the neckline.
If the IH&S model plays out as planned, Bitcoin's main upside price target for July is over $90,000.
Conversely, a pullback from the neckline could send BTC price towards its 50-day exponential moving average (50-day EMA) at around 66.740 USD.
--
Bullish
See original
#BTC at $70K. Break ATH soon?# Bitcoin's sudden drop affected the entire crypto economy and wiped out $454 million in Long Bitcoin (BTC), after reaching around $71,949 about seven hours ago, has dropped to $68,450 per unit. The decline in BTC has reduced the overall crypto market correction by 3.89% and the current value has reached $2.53 trillion. Other key assets affected include XRP, DOGE, SHIB and LINK. The crisis triggered significant liquidation in the cryptocurrency futures market. Figures from Coinglass.com show that in just the last day, there was a total of $454.18 million in liquidations. About $405.21 million is a long position and $86.86 million is specifically a long position in Bitcoin. Meanwhile, there was about $123 million gained from other cryptocurrencies, ETH lost $67.27 million from its long position. As a volatile day in the cryptocurrency markets ends, investors must reflect on the consequences of such volatile moves. The recent decline in BTC price further emphasizes the broader impact of the entire cryptocurrency ecosystem. As the market stabilizes, the tolerance of both experienced and novice investors can be tested. Liquidating large amounts of leveraged positions can be helpful to the market because it reduces overall leverage and reduces the risk that incremental liquidations can cause excessive volatility. #ContentStar #HotTopicDiscussion #binance #CryptoObservers #BountyCreator $BTC $ETH
#BTC at $70K. Break ATH soon?#
Bitcoin's sudden drop affected the entire crypto economy and wiped out $454 million in Long
Bitcoin (BTC), after reaching around $71,949 about seven hours ago, has dropped to $68,450 per unit. The decline in BTC has reduced the overall crypto market correction by 3.89% and the current value has reached $2.53 trillion. Other key assets affected include XRP, DOGE, SHIB and LINK.
The crisis triggered significant liquidation in the cryptocurrency futures market. Figures from Coinglass.com show that in just the last day, there was a total of $454.18 million in liquidations. About $405.21 million is a long position and $86.86 million is specifically a long position in Bitcoin. Meanwhile, there was about $123 million gained from other cryptocurrencies, ETH lost $67.27 million from its long position.
As a volatile day in the cryptocurrency markets ends, investors must reflect on the consequences of such volatile moves. The recent decline in BTC price further emphasizes the broader impact of the entire cryptocurrency ecosystem. As the market stabilizes, the tolerance of both experienced and novice investors can be tested.
Liquidating large amounts of leveraged positions can be helpful to the market because it reduces overall leverage and reduces the risk that incremental liquidations can cause excessive volatility.
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