🚨 #BTC 4hrs CHART UPDATE! 🚨 PRICE IS MOVING WITHIN A SYMMETRICAL TRIANGLE — SQUEEZING TOWARDS A BREAKOUT! RESISTANCE: $112K 🔴 SUPPORT: $100K 🟢 WATCH CLOSELY! BREAKOUT COULD BE EXPLOSIVE! TRADERS, GET READY FOR BIG MOVES! 💥 $BTC
In the last week, the long liquidation dominance metric has grown from 0% to +10%, while BTC has held within a narrow range of $103K–$106K without significant price corrections. The increase in long position liquidation share without a sharp price crash indicates sustained buyer support. This is a good signal for the market.
If long liquidation dominance rises by another 5–7%, there will be a high probability of washing out bears from the market, and once the metric begins to decline, this will become a turning point and indicate a reversal in futures market sentiment in favor of bulls. $BTC
#USNationalDebt Cryptocurrency companies like Coinbase and Tether are pouring investments to attract Democrats in an effort to pass pro-industry legislation in the U.S. Congress — and to ensure these laws remain in effect even after Trump leaves office.
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$BTC 📌 #Bitcoin rose by 0.2% but is still trading below $104,000.
📌 Ethereum also rose by about 0.2%, and Ripple (XRP) recorded a similar gain.
📌 The total market capitalization of cryptocurrencies currently stands at $3.22 trillion, slightly below the $3.24 trillion recorded before the outbreak of the war.
Bearish technical setup: ETH faces resistance at $2,544 with weakening momentum indicators. Options expiry pressure: $2.4B ETH options expiring June 21 increased hedging/selling. Risk-off sentiment: Traders rotated to Bitcoin (BTC dominance rose to 64.23%) amid Middle East tensions. Deep Dive 1. Technical Context ETH trades between $2,457–$2,659 (4-hour chart), with: - MACD histogram at -31.8 (bearish momentum) - RSI 14 at 48.83 (neutral but below bullish threshold of 50) - Immediate support at $2,488 (24h low) and 50-day EMA ($2,438)
The 15% drop in open interest since June 13 (CryptoNewsLand) suggests reduced bullish conviction, while $82M ETH left exchanges in 48 hours failed to boost prices.
2. Market Dynamics Bitcoin dominance rose 0.79% in 7 days, diverting capital from ETH Fear & Greed Index at 48 (Neutral), down from 68 (Greed) in May Altcoin season index at 20/100 (Bitcoin dominance phase) Geopolitical risks intensified after Israel’s June 13 airstrike in Iran triggered $665M crypto liquidations (TradingView), with ETH bearing brunt due to its higher beta vs BTC.
Conclusion ETH’s dip combines technical resistance, macro risk aversion, and capital rotation to Bitcoin – but whale accumulation (48,825 ETH bought June 20) and $2.5K support suggest limited downside. #PowellRemarks $ETH