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Bitcoin holding strong around the $109K mark, showing slight volatility but clear signals of consolidation. Hereโs whatโs driving the market right now:
๐ Bullish Technical Signals โ Indicators like MACD & RSI suggest momentum is building, pointing to a possible recovery. ๐ฆ Institutional Inflows โ Huge demand + record ETF inflows are fueling positive sentiment and pushing more capital into $BTC . ๐ Whale Selling & Seasonal Risks โ Some whales are rotating into $ETH , and September historically brings weakness โ so caution is advised.
๐ก Advice for Holders & Buyers:
Holders: Stay steady โ long-term fundamentals remain strong, and institutional inflows are a great sign.
Buyers: Consider gradual accumulation (DCA) instead of lump-sum buys, especially with seasonal risks still in play.
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$BIO Protocol just saw an -8.79% dip in the last 24h, mainly driven by bearish signals. EMA & MACD confirm the downtrend, but RSI is already flashing oversold, hinting at a possible rebound. ๐
๐ธ Outflows remain strong, showing sell pressureโฆ yet the project isnโt slowing down. With its DeSci AI agent still generating revenue and development ongoing, fundamentals look solid.
๐ A whale recently moved 12M $BIO to an exchange, adding to short-term pressure โ but dips like this often create opportunities for long-term believers. ๐
Do you see this as a buy-the-dip moment or more downside ahead?