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#Ethereum and altcoin rises continue. ETH/BTC surpassed the resistance of 0.02, and we are already starting to see its positive effects. Breaking the declining trend that has been ongoing for months is extremely positive. The spot CVD is rising in proportion to the increase. The fact that the rise is supported by spot trading and especially that Coinbase continues to insist on purchases is positive. Since a volume-based and spot-supported reversal is occurring, the likelihood of continued rises seems extremely high. I currently believe that the most important level that could act as resistance is the range of $2,800-$3,000. This level was the support point of the rising trend that has been ongoing for 3 years. Therefore, there is a possibility it could act as resistance. As I mentioned in the last video, we do not attribute great significance to resistances in a rising trend. As long as there is no trend change, it can easily break in 2-3 attempts at worst. If this resistance is surpassed, there is no significant level until $4,000. For now, technical data supports the continuation of the rise. If there are any changes in the data, I will update you instantly, friends. We will also share a detailed ETH analysis on YouTube tomorrow. I wish everyone a great weekend and plenty of profits.
#Ethereum and altcoin rises continue.

ETH/BTC surpassed the resistance of 0.02, and we are already starting to see its positive effects. Breaking the declining trend that has been ongoing for months is extremely positive.

The spot CVD is rising in proportion to the increase. The fact that the rise is supported by spot trading and especially that Coinbase continues to insist on purchases is positive.

Since a volume-based and spot-supported reversal is occurring, the likelihood of continued rises seems extremely high.

I currently believe that the most important level that could act as resistance is the range of $2,800-$3,000.

This level was the support point of the rising trend that has been ongoing for 3 years. Therefore, there is a possibility it could act as resistance.

As I mentioned in the last video, we do not attribute great significance to resistances in a rising trend. As long as there is no trend change, it can easily break in 2-3 attempts at worst.

If this resistance is surpassed, there is no significant level until $4,000. For now, technical data supports the continuation of the rise.

If there are any changes in the data, I will update you instantly, friends. We will also share a detailed ETH analysis on YouTube tomorrow.

I wish everyone a great weekend and plenty of profits.
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Good morning☀️ #Bitcoin continues to rise rapidly. Those who bought after the trend break are currently in profit of more than 18%. Right now, there is no major resistance ahead until the $110k ATH resistance. In an uptrend, there is no strong resistance. When the price is in an uptrend, supports are strong and resistances are weak. On the contrary, when in a downtrend, all supports are weak and easily broken, but resistances are very strong. Since we are currently in an uptrend, every resistance can be easily broken. Therefore, after such important trend breaks, staying in the trade as long as possible will be the most logical choice. On the other hand, the rise of #Ethereum and altcoins has rekindled all hopes. It's great to see that things are slowly getting better. I will also share frequently about altcoins, friends. I wish everyone a wonderful day and plentiful profits.
Good morning☀️

#Bitcoin continues to rise rapidly. Those who bought after the trend break are currently in profit of more than 18%.

Right now, there is no major resistance ahead until the $110k ATH resistance. In an uptrend, there is no strong resistance. When the price is in an uptrend, supports are strong and resistances are weak.

On the contrary, when in a downtrend, all supports are weak and easily broken, but resistances are very strong. Since we are currently in an uptrend, every resistance can be easily broken.

Therefore, after such important trend breaks, staying in the trade as long as possible will be the most logical choice.

On the other hand, the rise of #Ethereum and altcoins has rekindled all hopes. It's great to see that things are slowly getting better.

I will also share frequently about altcoins, friends. I wish everyone a wonderful day and plentiful profits.
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The ETH/BTC pair received a nice reaction after the declining trend that has been ongoing for months with last night's close. This reaction is promising for both #Ethereum and altcoins, but it's not enough. For Ethereum to outperform Bitcoin, the ETH/BTC pair must break the resistance at 0.02. If this resistance break occurs, Ethereum and altcoins will be more prominent. Let's closely monitor this resistance, as the breakout could accelerate the transition to Ethereum and altcoins⏰
The ETH/BTC pair received a nice reaction after the declining trend that has been ongoing for months with last night's close.

This reaction is promising for both #Ethereum and altcoins, but it's not enough. For Ethereum to outperform Bitcoin, the ETH/BTC pair must break the resistance at 0.02.

If this resistance break occurs, Ethereum and altcoins will be more prominent. Let's closely monitor this resistance, as the breakout could accelerate the transition to Ethereum and altcoins⏰
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Good morning ☀️ #Bitcoin has finally reached the 100k mark. It’s really great to see #Ethereum and altcoins rising alongside Bitcoin. I have mentioned many times that I expected Ethereum to accompany Bitcoin this time after the trend breakout. In the current situation, the rise in the ETH/BTC pair is extremely positive for altcoins. While most people think it's due to the FED decision, the positive impact of the Pectra upgrade has actually been greater. Current situation ; 🔹Whale activity is positive (+22) 🔹Funding rates are at normal levels 🔹Long ratios are low 🔹ETF inflows continue Current technical data is still positive and supports the continuation of the rise. Additionally, the breaking of the fibo 0.618 resistance was also positive. I will be making a few posts about Ethereum and altcoins throughout the day, friends. Wishing everyone a great day and plenty of profits.
Good morning ☀️

#Bitcoin has finally reached the 100k mark. It’s really great to see #Ethereum and altcoins rising alongside Bitcoin.

I have mentioned many times that I expected Ethereum to accompany Bitcoin this time after the trend breakout.

In the current situation, the rise in the ETH/BTC pair is extremely positive for altcoins. While most people think it's due to the FED decision, the positive impact of the Pectra upgrade has actually been greater.

Current situation ;

🔹Whale activity is positive (+22)
🔹Funding rates are at normal levels
🔹Long ratios are low
🔹ETF inflows continue

Current technical data is still positive and supports the continuation of the rise. Additionally, the breaking of the fibo 0.618 resistance was also positive.

I will be making a few posts about Ethereum and altcoins throughout the day, friends. Wishing everyone a great day and plenty of profits.
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Good morning☀️ #Bitcoin has been moving sideways around $95k for about 2 weeks. The price is not moving, but in the background, ETF investors continue to make significant purchases. In the last two weeks, there has been a net inflow of over $5 billion into the spot ETF alone. Despite the sideways movement, the fact that purchases are continuing rapidly is extremely positive. If the fibo 0.618 resistance I mentioned in the last post can be overcome, the current outlook will become much more positive, friends. Wishing everyone a beautiful day and plenty of profits.
Good morning☀️

#Bitcoin has been moving sideways around $95k for about 2 weeks.

The price is not moving, but in the background, ETF investors continue to make significant purchases. In the last two weeks, there has been a net inflow of over $5 billion into the spot ETF alone.

Despite the sideways movement, the fact that purchases are continuing rapidly is extremely positive. If the fibo 0.618 resistance I mentioned in the last post can be overcome, the current outlook will become much more positive, friends.

Wishing everyone a beautiful day and plenty of profits.
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#Bitcoin's struggle to break the $96k resistance continues. This level is quite important because it is the Fibonacci 0.618 resistance. Typically, after trend reversals, the first profit-taking point is monitored at 0.618. Therefore, surpassing this level indicates that expectations are higher and the uptrend may continue. In this regard, the $96k resistance is extremely significant. I had previously explained the importance of the Fibo 0.618 resistance in detail. You can read this post for better understanding 👇 https://t.co/nyBCZqb2kH On the other hand, other data continues to maintain its positivity. With the trend break, whale activity had moved into positive territory, and as of now, it is still around +20. The fact that whale activity is consistently holding around +20 is extremely positive. If there are any changes in the data, I will provide real-time updates, friends. I wish everyone a beautiful day and plenty of profits.
#Bitcoin's struggle to break the $96k resistance continues.

This level is quite important because it is the Fibonacci 0.618 resistance. Typically, after trend reversals, the first profit-taking point is monitored at 0.618.

Therefore, surpassing this level indicates that expectations are higher and the uptrend may continue. In this regard, the $96k resistance is extremely significant.

I had previously explained the importance of the Fibo 0.618 resistance in detail. You can read this post for better understanding 👇

https://t.co/nyBCZqb2kH

On the other hand, other data continues to maintain its positivity.

With the trend break, whale activity had moved into positive territory, and as of now, it is still around +20.

The fact that whale activity is consistently holding around +20 is extremely positive.

If there are any changes in the data, I will provide real-time updates, friends.

I wish everyone a beautiful day and plenty of profits.
See original
Good morning ☀️ $Bitcoin started to move sideways after reaching the $95k resistance and has been moving sideways for about a week. Despite the sideways movement, the spot ETF inflows are at a fantastic level. Last week, there was a net inflow of over $3 Billion. The rapid continuation of purchases shows that the likelihood of breaking the $95k resistance and continuing the upward trend is very high, friends. I didn't share much last week as the market was inactive. If the $95k resistance is broken this week, the market may become active. Let's closely monitor this resistance, friends⏰ Wishing everyone a great week and lots of profits.
Good morning ☀️

$Bitcoin started to move sideways after reaching the $95k resistance and has been moving sideways for about a week.

Despite the sideways movement, the spot ETF inflows are at a fantastic level. Last week, there was a net inflow of over $3 Billion.

The rapid continuation of purchases shows that the likelihood of breaking the $95k resistance and continuing the upward trend is very high, friends.

I didn't share much last week as the market was inactive. If the $95k resistance is broken this week, the market may become active. Let's closely monitor this resistance, friends⏰

Wishing everyone a great week and lots of profits.
See original
Good morning☀️ After the trend breakout, #Bitcoin's rise continues without slowing down. To understand whether the rise is fake after such breakouts, we need to monitor spot CVD and ETF purchases moment by moment. The rise is fully supported by the spot side. Especially, Coinbase purchases are at a very nice level. On the other hand, when we check ETF inflows, we can say that significant inflows occurred simultaneously with the breakout. In the last three months, since the falling trend began, we haven't seen such a large ETF purchase. Seeing such large inflows concurrently with the trend breakout is extremely positive. From every angle, the trend breakout is nicely supported and the rise looks extremely healthy. For now, we can say that the most critical resistance is in the 95-96k range. If there is any change in the data, I will inform you instantly, friends. Wishing everyone a great day and abundant profits.
Good morning☀️

After the trend breakout, #Bitcoin's rise continues without slowing down.

To understand whether the rise is fake after such breakouts, we need to monitor spot CVD and ETF purchases moment by moment.

The rise is fully supported by the spot side. Especially, Coinbase purchases are at a very nice level.

On the other hand, when we check ETF inflows, we can say that significant inflows occurred simultaneously with the breakout.

In the last three months, since the falling trend began, we haven't seen such a large ETF purchase.

Seeing such large inflows concurrently with the trend breakout is extremely positive.

From every angle, the trend breakout is nicely supported and the rise looks extremely healthy. For now, we can say that the most critical resistance is in the 95-96k range.

If there is any change in the data, I will inform you instantly, friends. Wishing everyone a great day and abundant profits.
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#Bitcoin has managed to break above 90k for the first time in a long while. In the morning video, I explained that due to the negative situation on the US side, the breakout had not yet been priced in. Following the positive opening of the US markets, the price quickly rose above 90k. Currently, long ratios are still low and funding rates are at normal levels. The data supports the continuation of the uptrend. If you haven't watched the morning analysis yet, don't forget to check it out 👇
#Bitcoin has managed to break above 90k for the first time in a long while.

In the morning video, I explained that due to the negative situation on the US side, the breakout had not yet been priced in. Following the positive opening of the US markets, the price quickly rose above 90k.

Currently, long ratios are still low and funding rates are at normal levels. The data supports the continuation of the uptrend.

If you haven't watched the morning analysis yet, don't forget to check it out 👇
See original
Good morning☀️ The descending trend of #Bitcoin, which has been ongoing for exactly 3 months, has finally been broken, and a H4 close has been achieved. With the occurrence of such a daily close, the breakout will be fully confirmed. As I mentioned in recent days, the technical indicators have been extremely positive and the breakout was approaching. With this breakout, we can say that the current outlook has become much more positive. As long as there is no close below the trend ($84k - %5), the current outlook will remain positive. Throughout the week, I will be sharing tight data and analysis regarding both Bitcoin and altcoins, friends. Wishing everyone a beautiful week and plenty of profits.
Good morning☀️

The descending trend of #Bitcoin, which has been ongoing for exactly 3 months, has finally been broken, and a H4 close has been achieved.

With the occurrence of such a daily close, the breakout will be fully confirmed. As I mentioned in recent days, the technical indicators have been extremely positive and the breakout was approaching.

With this breakout, we can say that the current outlook has become much more positive. As long as there is no close below the trend ($84k - %5), the current outlook will remain positive.

Throughout the week, I will be sharing tight data and analysis regarding both Bitcoin and altcoins, friends.

Wishing everyone a beautiful week and plenty of profits.
See original
#Bitcoin continues to progress horizontally and without volume at the descending trend resistance. Before the previous trend breakout, the price had been moving horizontally at the trend resistance for approximately 15 days, after which the breakout occurred. So, it is completely normal for the price to move horizontally at the trend resistance. Under normal circumstances, investors who believe the descending trend will continue sell at resistance, and the price cannot remain at resistance for long. Generally, the price starts to decline immediately after touching the trend. If the price can hold at the trend resistance for a few days, it indicates that the trend is losing strength and could break at any moment. Currently, the price has been moving horizontally at the trend resistance for about a week. If whales believed the trend would continue, they would have sold already, and the price wouldn't be able to hold at resistance for this long. I think this horizontal movement is extremely positive and that the trend breakout could happen soon. Even though the probabilities are very high, I am definitely not buying before the breakout. We always need to get the breakout confirmation. In recent days, there haven't been significant changes in the data due to the price moving horizontally. That's why I haven't shared much, friends. For now, just waiting for the trend breakout and then taking action will be sufficient. After the breakout, I will share plenty of analysis and data regarding both Bitcoin and altcoins. I wish everyone a wonderful weekend and abundant profits.
#Bitcoin continues to progress horizontally and without volume at the descending trend resistance.

Before the previous trend breakout, the price had been moving horizontally at the trend resistance for approximately 15 days, after which the breakout occurred.

So, it is completely normal for the price to move horizontally at the trend resistance. Under normal circumstances, investors who believe the descending trend will continue sell at resistance, and the price cannot remain at resistance for long.

Generally, the price starts to decline immediately after touching the trend. If the price can hold at the trend resistance for a few days, it indicates that the trend is losing strength and could break at any moment.

Currently, the price has been moving horizontally at the trend resistance for about a week. If whales believed the trend would continue, they would have sold already, and the price wouldn't be able to hold at resistance for this long.

I think this horizontal movement is extremely positive and that the trend breakout could happen soon.

Even though the probabilities are very high, I am definitely not buying before the breakout. We always need to get the breakout confirmation.

In recent days, there haven't been significant changes in the data due to the price moving horizontally. That's why I haven't shared much, friends.

For now, just waiting for the trend breakout and then taking action will be sufficient. After the breakout, I will share plenty of analysis and data regarding both Bitcoin and altcoins.

I wish everyone a wonderful weekend and abundant profits.
See original
#Bitcoin rose to the trend resistance with the double bottom formed at the $75k support. With this rise, whale activity reached +21. The last time we saw such a high value was when #BTC was at 110k. The fact that whales are making such active transactions increases the likelihood of a trend breakout. Let's closely monitor the trend resistance, friends⏰
#Bitcoin rose to the trend resistance with the double bottom formed at the $75k support.

With this rise, whale activity reached +21. The last time we saw such a high value was when #BTC was at 110k.

The fact that whales are making such active transactions increases the likelihood of a trend breakout. Let's closely monitor the trend resistance, friends⏰
See original
Good morning ☀️ Both #Bitcoin and #Ethereum spot purchases are continuing and the spot CVD is rising. Coinbase has stopped Bitcoin purchases for the last few days, and the CVD is moving sideways, but it is rapidly continuing with Ethereum purchases. When BTC was at 20k, Ethereum was around $1,600. Bitcoin has risen about 4-5 times, but Ethereum is still at the same level. Therefore, we can say that Coinbase investors are taking advantage of the low price to accumulate Ethereum. Although Ethereum has lagged behind recently, I believe that if the downward trend of Bitcoin breaks, it may catch up with Bitcoin this time.
Good morning ☀️

Both #Bitcoin and #Ethereum spot purchases are continuing and the spot CVD is rising.

Coinbase has stopped Bitcoin purchases for the last few days, and the CVD is moving sideways, but it is rapidly continuing with Ethereum purchases.

When BTC was at 20k, Ethereum was around $1,600. Bitcoin has risen about 4-5 times, but Ethereum is still at the same level. Therefore, we can say that Coinbase investors are taking advantage of the low price to accumulate Ethereum.

Although Ethereum has lagged behind recently, I believe that if the downward trend of Bitcoin breaks, it may catch up with Bitcoin this time.
See original
Good morning☀️ With the start of the new week, #Bitcoin is making its 8th attempt at the descending trend resistance. For uninterrupted rises to begin, a substantial close above the descending trend is required. Despite the descending trend not being broken, other data still looks extremely positive. 🔹Whale activity is in the positive zone (+17) 🔹Spot purchases are ongoing. 🔹Long ratios are extremely low. (Positive) 🔹Funding rates are at normal levels. 🔸ETF volumes are low and there are outflows. Technical data generally looks positive. To kickstart the rises, we only need to break the descending trend resistance. I will be updating frequently throughout the week, friends. Wishing everyone a great week and plenty of profits.
Good morning☀️

With the start of the new week, #Bitcoin is making its 8th attempt at the descending trend resistance.

For uninterrupted rises to begin, a substantial close above the descending trend is required.

Despite the descending trend not being broken, other data still looks extremely positive.

🔹Whale activity is in the positive zone (+17)
🔹Spot purchases are ongoing.
🔹Long ratios are extremely low. (Positive)
🔹Funding rates are at normal levels.
🔸ETF volumes are low and there are outflows.

Technical data generally looks positive. To kickstart the rises, we only need to break the descending trend resistance.

I will be updating frequently throughout the week, friends. Wishing everyone a great week and plenty of profits.
See original
The negative effects of the trade war continue with the start of the new week. Last week, the crypto side was not affected by the decline, but last night, with S&P 500 futures opening negatively once again, the crypto side could not hold on either. Especially in #Ethereum and altcoins, the decline is felt much deeper. Most altcoins have even fallen below the level they were at when BTC was at 15k. In previous weeks, I mentioned that Ethereum had lost its 3-year upward trend support. With the loss of this trend, altcoin declines have deepened a bit more. After the trend loss, we have reached an important support level for the first time. If daily and weekly closes do not occur below $1,500, this support could be a good reversal level. Due to the uncertainties on the global front, we should also follow the reversal of the S&P 500 while making trades. To prevent further deepening of declines, it is extremely important to maintain the $1,500 support for altcoins. Let's closely monitor this support ⏰
The negative effects of the trade war continue with the start of the new week.

Last week, the crypto side was not affected by the decline, but last night, with S&P 500 futures opening negatively once again, the crypto side could not hold on either.

Especially in #Ethereum and altcoins, the decline is felt much deeper. Most altcoins have even fallen below the level they were at when BTC was at 15k.

In previous weeks, I mentioned that Ethereum had lost its 3-year upward trend support. With the loss of this trend, altcoin declines have deepened a bit more.

After the trend loss, we have reached an important support level for the first time.

If daily and weekly closes do not occur below $1,500, this support could be a good reversal level. Due to the uncertainties on the global front, we should also follow the reversal of the S&P 500 while making trades.

To prevent further deepening of declines, it is extremely important to maintain the $1,500 support for altcoins. Let's closely monitor this support ⏰
See original
We have left behind a rather negative week for the markets. This week, global giant companies experienced a decline of around 10-15%, and the S&P 500's daily loss reached as much as 6% just yesterday. The main reasons for the declines were the trade war and statements from Powell. China's retaliation to the latest tariffs announced by Trump caused the VIX fear index to rise by 50% in one day. As crypto investors, I think we navigated this week quite well. Normally, such a large drop would reflect a 10% decrease in Bitcoin and around 20-30% in altcoins. The data I shared recently indicated that whales and institutional investors were buying Bitcoin. We can say that these purchases protected the market from the decline. I believe that as soon as the global side recovers, we will be able to see the break of the declining trend and subsequently rapid rises. I wish everyone a great weekend and plenty of profits.
We have left behind a rather negative week for the markets.

This week, global giant companies experienced a decline of around 10-15%, and the S&P 500's daily loss reached as much as 6% just yesterday.

The main reasons for the declines were the trade war and statements from Powell. China's retaliation to the latest tariffs announced by Trump caused the VIX fear index to rise by 50% in one day.

As crypto investors, I think we navigated this week quite well. Normally, such a large drop would reflect a 10% decrease in Bitcoin and around 20-30% in altcoins.

The data I shared recently indicated that whales and institutional investors were buying Bitcoin. We can say that these purchases protected the market from the decline.

I believe that as soon as the global side recovers, we will be able to see the break of the declining trend and subsequently rapid rises.

I wish everyone a great weekend and plenty of profits.
See original
Bitcoin whales have started buying again. Whales holding more than 10,000 #Bitcoin in their wallets have begun to buy for the first time after 10 months of continuous selling. 🔹They last made a purchase at around 60k, and subsequently, the price quickly rose to around 110k. 🔸When the price reached $110,000, the whales started selling, and since that day, Bitcoin has fallen by 25%. As you can see in the chart, although these purchases do not reflect immediately in the price, we observe that the price rises after whales make purchases and falls after they sell. The purchases are not yet very substantial, but I believe that the whales' shift to buying after 10 months of continuous selling is a noteworthy data point. If there are any changes in whale buying and selling in the coming days, I will update you promptly, friends.
Bitcoin whales have started buying again.

Whales holding more than 10,000 #Bitcoin in their wallets have begun to buy for the first time after 10 months of continuous selling.

🔹They last made a purchase at around 60k, and subsequently, the price quickly rose to around 110k.

🔸When the price reached $110,000, the whales started selling, and since that day, Bitcoin has fallen by 25%.

As you can see in the chart, although these purchases do not reflect immediately in the price, we observe that the price rises after whales make purchases and falls after they sell.

The purchases are not yet very substantial, but I believe that the whales' shift to buying after 10 months of continuous selling is a noteworthy data point.

If there are any changes in whale buying and selling in the coming days, I will update you promptly, friends.
Translate
#Bitcoin, Trump'ın yeni gümrük tarifelerini duyurmasının ardından 7'inci kez trend direncinden ret yiyerek geri çekilmeye başladı. Ocak ayının ortalarında başlayan bu düşen trend halen harika şekilde çalışıyor ve önemli bir direnç işlevi görüyor. Uzun soluklu bir yükselişin başlayabilmesi ve artık tam anlamıyla piyasa döndü diyebilmek için bu düşen trendin kırılması kesinlikle şart. Piyasa yatay ilerlediği için bayram boyunca paylaşım yapmadım. Geçmiş bayramınız mübarek olsun. Temiz bir zihinle bugünden itibaren bolca analiz ve veri paylaşacağım arkadaşlar. Herkese güzel bir gün ve bol kazançlar diliyorum.
#Bitcoin, Trump'ın yeni gümrük tarifelerini duyurmasının ardından 7'inci kez trend direncinden ret yiyerek geri çekilmeye başladı.

Ocak ayının ortalarında başlayan bu düşen trend halen harika şekilde çalışıyor ve önemli bir direnç işlevi görüyor.

Uzun soluklu bir yükselişin başlayabilmesi ve artık tam anlamıyla piyasa döndü diyebilmek için bu düşen trendin kırılması kesinlikle şart.

Piyasa yatay ilerlediği için bayram boyunca paylaşım yapmadım. Geçmiş bayramınız mübarek olsun.

Temiz bir zihinle bugünden itibaren bolca analiz ve veri paylaşacağım arkadaşlar. Herkese güzel bir gün ve bol kazançlar diliyorum.
See original
#Bitcoin has started to pull back once again after being rejected by the descending trend resistance. In order for a permanent uptrend to begin and to be able to say "we have completely turned", the descending trend resistance must be broken for sure, which I have been emphasizing for a long time. The most important data is always the trend. Therefore, even if the data is positive at all times, we should not take significant action without seeing a breakout of the descending trend. Aside from the trend, other data generally maintains its positivity. 🔹Coinbase spot purchases continue. 🔹Whale activity is in positive territory (+1) 🔹Funding rates are at normal levels. 🔹ETF inflows continue. 🔹Short liquidations are predominant. Technical data still looks extremely positive despite the decline. There are no signs of negativity outside of the trend. Before prolonged descending trend breakouts, prices can generally experience small corrections. Since the current data is still positive, I believe this decline will be a minor correction and that the price will attempt to test the trend again. Although my personal opinion leans in this direction, I will only increase risk and make new purchases after receiving confirmation of the trend breakout. Taking risks without seeing the breakout will be unnecessary. Let's closely monitor the trend resistance, friends. If there are any changes in the data, I will update in real-time. I wish everyone a great day and abundant profits.
#Bitcoin has started to pull back once again after being rejected by the descending trend resistance.

In order for a permanent uptrend to begin and to be able to say "we have completely turned", the descending trend resistance must be broken for sure, which I have been emphasizing for a long time.

The most important data is always the trend. Therefore, even if the data is positive at all times, we should not take significant action without seeing a breakout of the descending trend.

Aside from the trend, other data generally maintains its positivity.

🔹Coinbase spot purchases continue.
🔹Whale activity is in positive territory (+1)
🔹Funding rates are at normal levels.
🔹ETF inflows continue.
🔹Short liquidations are predominant.

Technical data still looks extremely positive despite the decline. There are no signs of negativity outside of the trend.

Before prolonged descending trend breakouts, prices can generally experience small corrections. Since the current data is still positive, I believe this decline will be a minor correction and that the price will attempt to test the trend again.

Although my personal opinion leans in this direction, I will only increase risk and make new purchases after receiving confirmation of the trend breakout. Taking risks without seeing the breakout will be unnecessary.

Let's closely monitor the trend resistance, friends. If there are any changes in the data, I will update in real-time.

I wish everyone a great day and abundant profits.
See original
Good morning ☀️ The positive trend that started at the beginning of the week is generally continuing. Coinbase started spot purchases on both #Bitcoin and #Ethereum exactly 1 month ago. With these purchases, the price rose by approximately 10%. Coinbase's spot purchases are still ongoing. The continuation of these purchases is extremely positive, but since the downward trend has not been broken, it does not have a significant impact on the price. If the downward trend breaks, I believe we will see the effects of these purchases much more clearly.
Good morning ☀️

The positive trend that started at the beginning of the week is generally continuing.

Coinbase started spot purchases on both #Bitcoin and #Ethereum exactly 1 month ago. With these purchases, the price rose by approximately 10%.

Coinbase's spot purchases are still ongoing. The continuation of these purchases is extremely positive, but since the downward trend has not been broken, it does not have a significant impact on the price.

If the downward trend breaks, I believe we will see the effects of these purchases much more clearly.
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