CEO_TRADER
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Let's analyze this BTC/USDT weekly chart like a pro crypto trader:
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1. Overall Trend:
The chart shows a strong uptrend from $38,555 (Feb 2024) to an all-time high of $109,588 (Oct 2024).
Since then, BTC has been in a correction phase, forming lower highs and lower lows — classic signs of a downtrend.
---
2. Downtrend Resistance Line:
A descending trendline is drawn from the peak at $109,588.
Current price ($85,101) is testing this trendline.
A breakout above this trendline could signal a trend reversal or a bullish breakout.
---
3. Support and Resistance Levels:
Major Resistance: $97,512 (horizontal line near previous swing high).
Immediate Support: $66,257 (a key support level before the breakout).
Deeper Support: $50,630 and $35,003 (strong historical support zones).
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4. Volume Insight:
Volume is steady but not spiking, meaning there’s no clear confirmation of a breakout yet.
Watch for a volume surge if BTC breaks above the trendline.
---
5. Indicators (Right Panel):
Although not all are visible, here's what to check:
MACD: Look for a bullish crossover.
RSI: If below 50 and moving up, it could support a bullish breakout.
Stoch RSI: Helpful for spotting overbought/oversold conditions.
---
6. Price Action Context:
BTC is bouncing after a healthy correction, possibly building a higher low.
The price is currently at a critical decision point: breakout or rejection.
---
Pro Summary:
Bullish scenario: If BTC breaks above the trendline with volume, we could target $97K+, then $109K.
Bearish scenario: Rejection here could bring it down to $66K or even $50K.
Neutral view: Wait for confirmation before entering trades — current zone is key.
#btcupdates #TRXETF #SaylorBTCPurchase
---
1. Overall Trend:
The chart shows a strong uptrend from $38,555 (Feb 2024) to an all-time high of $109,588 (Oct 2024).
Since then, BTC has been in a correction phase, forming lower highs and lower lows — classic signs of a downtrend.
---
2. Downtrend Resistance Line:
A descending trendline is drawn from the peak at $109,588.
Current price ($85,101) is testing this trendline.
A breakout above this trendline could signal a trend reversal or a bullish breakout.
---
3. Support and Resistance Levels:
Major Resistance: $97,512 (horizontal line near previous swing high).
Immediate Support: $66,257 (a key support level before the breakout).
Deeper Support: $50,630 and $35,003 (strong historical support zones).
---
4. Volume Insight:
Volume is steady but not spiking, meaning there’s no clear confirmation of a breakout yet.
Watch for a volume surge if BTC breaks above the trendline.
---
5. Indicators (Right Panel):
Although not all are visible, here's what to check:
MACD: Look for a bullish crossover.
RSI: If below 50 and moving up, it could support a bullish breakout.
Stoch RSI: Helpful for spotting overbought/oversold conditions.
---
6. Price Action Context:
BTC is bouncing after a healthy correction, possibly building a higher low.
The price is currently at a critical decision point: breakout or rejection.
---
Pro Summary:
Bullish scenario: If BTC breaks above the trendline with volume, we could target $97K+, then $109K.
Bearish scenario: Rejection here could bring it down to $66K or even $50K.
Neutral view: Wait for confirmation before entering trades — current zone is key.
#btcupdates #TRXETF #SaylorBTCPurchase
Why Trump Wanted to Fire Powell – Informative Content in Keywords
President Donald Trump appointed Jerome Powell as Federal Reserve Chairman in 2018.
Soon after, Trump grew frustrated with Powell’s decisions on interest rates.
Trump wanted the Federal Reserve to cut interest rates to stimulate economic growth.
He believed Powell’s policies were hurting the stock market and slowing down the economy.
During the U.S.-China trade war, Trump expected more support from the Fed to handle economic pressure.
Trump publicly criticized Powell, often through Twitter, blaming him for “holding back” the economy.
The Federal Reserve is meant to be independent of political influence, but Trump tried to influence its policies.
Trump explored the idea of firing Powell or demoting him, which was legally unclear and controversial.
Despite the pressure, Powell maintained the Fed’s autonomy and stayed in his position.
The situation highlighted the tension between political leadership and central bank independence in the U.S.
#TrumpVsPowell
President Donald Trump appointed Jerome Powell as Federal Reserve Chairman in 2018.
Soon after, Trump grew frustrated with Powell’s decisions on interest rates.
Trump wanted the Federal Reserve to cut interest rates to stimulate economic growth.
He believed Powell’s policies were hurting the stock market and slowing down the economy.
During the U.S.-China trade war, Trump expected more support from the Fed to handle economic pressure.
Trump publicly criticized Powell, often through Twitter, blaming him for “holding back” the economy.
The Federal Reserve is meant to be independent of political influence, but Trump tried to influence its policies.
Trump explored the idea of firing Powell or demoting him, which was legally unclear and controversial.
Despite the pressure, Powell maintained the Fed’s autonomy and stayed in his position.
The situation highlighted the tension between political leadership and central bank independence in the U.S.
#TrumpVsPowell
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respect SL
I am beginner
Mark my word you will never regret for that, Putting your saving in bank devalue it, it is better to learn some basic knowledge of crypto and save it in the form of cryptocurrency and just sell them when they give you handsome profit. #MtGoxRepayments #btc70 #pepe⚡ #altsesaon
BTC is bullish guys it will go for some corrections up to $62000 then going up to $70000 #BTC☀ #POLYX/USDT⚡️
i have been holding Polyx since June in future position, I think it is the time to get the fruits
#POLYX/USDT⚡️
#POLYX/USDT⚡️
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