#ShareYourThoughtOnBTC #BuiltonSolayer Bitcoin has broken the rising wedge in a downward direction. We may see a retest of the trend line, so let's see if BTC is able to break above it. The market is showing mixed signals.
SOL has bounced from the support area and is now testing this level again. The price needs to hold in this zone, and you can accumulate some SOL at the support area.
The total unrealized profit for Bitcoin investors now stands at an estimated $1.2 trillion, reflecting the massive value appreciation across this cycle.
But with such high gains locked in, there's also growing incentive for profit-taking — a sentiment shift could easily trigger sell-side pressure from those sitting on large paper profits.
Stay sharp. Monitor sentiment closely. The bigger the gains, the heavier the potential correction when emotions flip.
The total unrealized profit for Bitcoin investors now stands at an estimated $1.2 trillion, reflecting the massive value appreciation across this cycle.
But with such high gains locked in, there's also growing incentive for profit-taking — a sentiment shift could easily trigger sell-side pressure from those sitting on large paper profits.
Stay sharp. Monitor sentiment closely. The bigger the gains, the heavier the potential correction when emotions flip.
🔰 1. The U.S. economy lost 33,000🔻 jobs in June, as per ADP, badly missing forecasts for a gain of 99,000.(That was the lowest monthly total since February 2022.)
🔰 2. That follows a downward revision for May, which added just 29,000 jobs, compared to a previously reported increase of 37,000.
🗝 Key Takeaway: This is the worst ADP payrolls report we’ve had in quite some time.
🔰 The data points to a slowing labor market and raises the chances of multiple rate cuts by the Fed this year.
🚨 BREAKING: Reports indicate that the White House has confirmed — President Trump is set to hike tariffs on China to 104%, which will take effect at midnight tonight.
This aggressive move is likely to create high volatility across global markets. Stay alert — risk management is key during such uncertain times!
Bitcoin dominance is forming a triple-top pattern, which indicates a potential trend reversal. If Bitcoin (BTC) remains stable or experiences slow upward movement, altc oins may surge. The dominance has been rejected from the local resistance area, and we could see it test the support range of 60.60% to 61.00%.