With the help of the peaks and troughs indicator, the latest update for Bitcoin at prices of 106,700, which we mentioned its selling importance, saw the price drop from it by more than 5,000 points reaching the lower trend area of the blue channel from which the price also rose in a bullish rebound to the current prices.
The current area is critical and very important for Bitcoin; it is an important Fibonacci zone of 0.5 and 0.61 Fib that can rebound downwards. If a downward rebound occurs and the price breaks the 100,000 area, there could be a strong downward waterfall and a collapse in Bitcoin prices. The second scenario is if the upward flight continues and the price breaks the resistance area in yellow, then the price would have taken a distinctive positive turn, and we would ride an upward wave to new peaks towards 115,000.
With the help of the peaks and troughs indicator, the latest update for Bitcoin at prices of 106,700, which we mentioned its selling importance, saw the price drop from it by more than 5,000 points reaching the lower trend area of the blue channel from which the price also rose in a bullish rebound to the current prices.
The current area is critical and very important for Bitcoin; it is an important Fibonacci area of 0.5 and 0.61 where a downward rebound can occur. If the downward rebound takes place and the price breaks the 100,000 area, a strong downward avalanche and a collapse in Bitcoin prices may happen. The second scenario is if the upward rally continues and the price breaks the resistance area marked in yellow, the price would have taken a distinctive positive turn, and we would then ride a rising wave towards new peaks around 115,000.
Configuration Update With the help of peak and trough indicators, the latest update for Bitcoin at prices of 106,700, which we mentioned its selling importance, caused the price to drop by more than 5,000 points, reaching the lower trend area of the blue channel from which the price also rose in a bullish rebound to the current prices.
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The current area is critical and very important for Bitcoin; it is a significant Fibonacci zone of 0.5 and 0.61 where it can rebound downwards. If a downward rebound occurs and the price breaks below the 100,000 area, a strong downward cascade and a collapse in Bitcoin prices could happen. The second scenario is if the upward rally continues and the price breaks through the resistance area in yellow, the price would have taken a distinctive positive turn, and we would ride an upward wave to new peaks towards 115,000.
⚡️ The unrealized losses of the Bank of Japan from government bonds reached $198 billion in the fiscal year 2024, marking a new record. ⚡️ These losses have tripled compared to the previous year, which recorded around $66 billion.
⚡️ The reason? The rapid increase in bond yields: The yield on 10-year Japanese bonds has doubled to ~1.5% And the yield on 30-year bonds jumped ~70 basis points to ~2.5%
⚡️ The rise in yields over the past two months has increased pressure on the Bank of Japan, with an unprecedented acceleration in the pace of paper losses.
After losses reaching over 23 million dollars in Bitcoin trades, our friend can no longer tolerate it JamesWynnReal@ and has started tweeting in an openly confrontational tone against the market:
"F*CK THE CABAL."
"F*ck these cnts."
It's clear that the whales are deliberately targeting his positions, especially after he reduced part of his position by 250 million dollars just to avoid liquidation!
The fishermen literally chased our friend James JamesWynnReal@
A long candle was created that touched his liquidation point, forcing him to sell more than 250 million dollars worth of BTCS positions to lower the liquidation price.
So far.
James has lost 23.85 in this trade alone
Is this the end of the whale or the beginning of a fierce rebound that saves his life?