slow but sure 😊... keep wait n see for the next movement in Bitcoin. Hope $BTC could back to the $116.000 - $117.000 support or even strong support at $112.000 area. so, could add more long position in Bitcoin 👁️📈📈📈 #PatienceIsKey #Litecoin #bitcoin #profittalks
So, Bitcoin's currently chillin' around $117,866. We saw it trying to push higher earlier this week, even touching $121k-$122k before getting slapped down. 📉
👀Look at those moving averages (the lines on the chart): The short-term ones (my trusty yellow MA7 and white MA25) are all tangled up and even looking like they want to cross below the purple MA99. When those shorter MAs start curling down below the longer ones, it usually means momentum is fading fast in the short term. The price is also sitting below all these MAs right now. Not ideal for the bulls, gonna say.
See that dip around July 15th? We hit a floor near $115,678. That level proved to be pretty strong support then. So, what's the likelihood we retrace back to $116,000? Honestly, looking at this chart, I'd say it's pretty darn high.
Why? 1. Weak Momentum, The MAs show the buying pressure has eased up significantly. 2. $116k is basically where we found strong buyers just a couple of days ago. Markets love to retest these levels. 3. After that big run-up, a retest of lower support levels is healthy consolidation. It flushes out weak hands before a potential next move.
It's not a guaranteed "LFG to $116k," because crypto is, well, crypto! Black swan events or sudden whale movements can always throw a wrench in the gears. But if I'm betting purely on what the chart is telling me right now, a retest of that $116k-$115.5k zone feels very probable.
What you need right now is patient. and don't rush your money into a position with high leverage and high margin. this is my rules: 1. Analyze the big picture on how the market move. is it bullish trend or bearish trend in the higher time frame (1 Day) 2. Don't use high leverage with high margin 3. Save your money don't waste on to market
Example: if you are using x25 leverage, don't use margin more than 4%. this is a method on how to save your money from being liquidated. Just mini tips hahaha 😀 Trade only on BTC, if the market flip to bearish in a short - term, you should hold your long $BTC position and take 1% margin with x25 leverage and short $ETH . it would save your liquidated position. but if you open short position on bullish trend, don't hold too long.
China's Economy: What the Heck Does it Mean for Our Bags? (H1 2025 Deep Dive)
👉The Headlines from Beijing (The Good, The Bad, The Meh): 💥So, China's official numbers say they grew 5.3% in the first six months of the year. Not bad, right? They're hitting their annual target. But here's the catch – the engine's starting to sputter a bit. We saw 5.4% growth in Q1, then it softened to 5.2% in Q2. It's like they're still on track, but maybe running on three cylinders instead of four.
💥The biggest cheerleaders for this growth? Their exports! After that mini-truce with the US back in May, Chinese factories have been shipping stuff like crazy, finding new customers beyond Uncle Sam, and even moving some production offshore to dodge those tariffs. Smart move, but it highlights their reliance on external demand.
💥Now for the "uh-oh" part: Domestically, things are a bit soft. People aren't spending as much, that massive property market is still stuck in a ditch (real estate investment down over 11%!), and those nagging US-China trade tensions just won't go away. Basically, the local folks aren't feeling as flush, and the big bosses in Beijing are even admitting demand isn't quite there.
So, Why Should YOU Care, Mr./Ms. Crypto Investor? "But wait," you might be thinking, "China hates crypto! They banned everything!" And you'd be right, mostly. They've got their digital walls up. But their economic heartbeat still sends seismic waves across the globe, and guess what rides those waves? Our beloved crypto!
The macro picture is never simple, but understanding these gears turning in the background? That's what separates the savvy investors from the FOMO-driven sheep. Don't just stare at the candles; understand the currents.
✨Stay sharp, my friends! The global chessboard affects your portfolio more than you know! #ChinaEconomy #MacroImpact #CryptoWisdom #GlobalFinance #BinanceSquare
Hello Everyone, Forget the fancy charts for a second, let's we talk about the data. I just pulled up the CMC Crypto Fear and Greed Index, what do you think about this?
1. Yesterday was 70 points, so we've pulled back slightly, but we are still in Greed territory. This isn't "Extreme Greed" like we saw back in November 2024 when we hit a Yearly High of 88, it's close enough to be aware of the current situation.
2. Be cautious with new long positions. The risk-reward ratio starts to skew against you in "Greed" zones.
3. If you hold your long position on $BTC reduce the position about 60%. In this situation a pullback to $113.000 - $115.000 should give you a good opportunity to buy more
4. Don't use high leverage on this situation. we still don't have the crystal ball to understand how much $BTC could reach in this year. But, reaching $130.000 in this year I think very possible.