📈 The current situation for Bitcoin, if it remains above the white trend, the price is heading for a new peak, and this is the scenario closest to the market.
📉 However, if the buying power for Bitcoin weakens, you will see the following scenario:
The price of Bitcoin is currently trading around 107,200$ after a strong rebound near the blue line.
🔻 In the event of a breakout failure and continued decline:
1️⃣ First support:
At the blue line shown, which represents a dynamic ascending support.
It coincides with a sensitive price area around 95,700$ , which is a smart entry area if the decline continues.
First liquidity pool = potential strong support + high probability of a rebound.
2️⃣ Second support:
If the blue line breaks, the decline will be deeper towards 90,500$ - 92,000$
The second liquidity pool is a historical demand area and liquidity accumulation.
We might see candles with long wicks reflecting buying pressure if the price reaches there.
👍 Benefit from Bitcoin's stability above the white trend and its bounce from the horizontal line, and don't listen to others' tweets, only you will pay the price, my friend.
💎 Continuous fear will not make you happy and will not bring you profits, trust in God after evaluating the price of the currency and the market situation and Bitcoin, otherwise you will live in a continuous state of depression and miss the bull market just like you missed the bull run of 2023.
BlackRock withdrew 8,172 $ETH worth 18 million from the ETHA fund and sent it to Coinbase Prime.
▪️ The transaction took place just two hours ago. ▪️ This is considered a potential sale or transfer for liquidation via the Coinbase platform. ▪️ In contrast, the Bitcoin fund is still maintaining its Bitcoin purchases.
✅ My financial outlook:
Reduce their exposure to Ethereum currently due to rapid fluctuations, while maintaining their positions in Bitcoin as the fluctuations are limited.