š Bitcoin suffers strong correction and loses support of $100,000
Bitcoin (BTC) records a drop of 4.3% in the last 24 hours, currently trading around $99,000, after failing to maintain above the psychological support of $100,000. Selling pressure has increased following a technical pullback from recent highs near $112,000.
š Key factors: ⢠Geopolitical tension (Israel-Iran conflict) created fear in the markets. ⢠Mass liquidations: Over $450M in long positions were liquidated on futures exchanges. ⢠Technical weakness: Clear rejection at resistance zone and loss of momentum in indicators like RSI and MACD.
š§ Technical level to watch:
Immediate support now lies between $97,000ā$98,000, where a technical bounce could occur. If lost, we could see a deeper correction towards $94,000.
Despite the drop, some analysts see this as a strategic accumulation zone for those applying DCA (Dollar Cost Averaging) strategies.
š When the market is on fire⦠but you are Bitcoin
"Rising as if nothing while the rest burns!" š„š
In this epic scene, Bitcoin appears as an animated character happily running up the green arrow of success šŖ, while all the other assets go down the red of panic šµāš«.
Because of course, when BTC gets rebellious, it ignores the FED, the data, the wars, and even the horoscope. āš
Did it drop yesterday? Yes. Did it rise today? Also. Do we understand it? No. Do we follow it? Always! š
š If you also live in fear but hold on with faith, this meme is for you.
The national debt of the United States is like a giant government credit card. When it spends more than it collects in taxes, it has to borrow money. That borrowed money, added year after year, becomes its debt.
Why does it matter? Because it influences everything: from global interest rates, the value of the dollar, and even the movements of Bitcoin and cryptocurrencies. When the debt rises significantly, investors seek safer or decentralized assets, like BTC.
Understanding the U.S. debt helps you see how the traditional economy influences the crypto world. š”
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š Keys to a good swing strategy: ā Identify support and resistance zones š Use indicators like RSI, MACD, and moving averages šÆ Always define your entry, exit, and stop-loss
š” Tip: Donāt let emotions take over. Patience and technical analysis are your allies.
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