HTF Key Support levels for $BTC where we can expect support: | SatoshiSwiss على Binance Square

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HTF Key Support levels for $BTC where we can expect support: $51'594 & $42'688! #Bitcoin 

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@SatoshiSwiss

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🚨 Breaking News: Germany plans to sell $2 billion in #Bitcoin! 💰 What does this mean for $BTC ? - $2B = ~0.18% of BTC market cap - Short-term price volatility likely - Could impact market sentiment - Method of sale crucial (OTC vs. exchanges) Stay tuned for updates! 📉📈 #cryptocurrency #Bitcoin

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Creating wealth is not a one-time affair. You will not get wealthy because you invested money once, purchased one rental property, one stock, or one cryptocurrency. You must repeat the process over and over and over again. Wealth creation is a manner of life, not a one-time event.

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Bitcoin currently shows bullish CVD on Binance Futures (many sells but price goes up --> absorption of $BTC sells by large limit $BTC $BTC order). I am still long $54'500 and will keep it open. #bitcoin

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In light of the recent news about Mt. Gox and German sales, market makers are shaking things up, triggering a wave of panic selling. The market, which had been stable for about a year, has suddenly broken down. With #BTC plummeting 25% from its peak, it's no wonder people are feeling uneasy. However, there's something unique about the current wave of fear. The selling pressure of $BTC immense, largely driven by retail panic rather than natural market forces. The primary sources of this sell-off are the Mt. Gox and German sales, and the pressure feels almost engineered. We’ve just experienced one of the biggest $BTC liquidation events in history, second only to the FTX crash in 2022. Back then, Bitcoin stayed flat for months before a significant drop, a pattern we’re seeing repeat itself now. During the 2022 event, #Bitcoin was stuck around $18,000 before dipping to $16,000, leading to a market depression. Today’s situation feels eerily similar, suggesting that the same players might be influencing the market again. For experienced traders, these scenarios are ideal for accumulating more BTC. The fear and panic tactics that worked before eventually led to new highs, and we might be on the verge of another such opportunity. As many investors lose hope, market makers are likely achieving their goal. Personally, I've been holding since $16,000 and continue to buy the dips, viewing these capitulation events as signs of an upcoming reversal. The recent sell-off likely marks a local bottom. The past year's stability provided excellent entry points, and even now, buying below that level seems advantageous. Despite a shaky start to Q3, we could see a strong recovery ahead. I'm holding steady and not selling my positions. Now it's up to you to make your move.

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🚨IMPORTANT #Bitcoin UPDATE🚨 Our VIP Discord members were told to short $BTC from $65,000, and we’ve now hit our full take profit target. I’ve just gone long at $57,300, thinking this support level might hold and lead to a bounce. Should this level fail, there's a significant drop to 52k on the horizon due to the substantial inefficiency created after the ETF news.

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