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CryptoSkullGroup
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#Binance #BTC #BNB #dyor #educational POSTS

#Binance #BTC #BNB #dyor #educational POSTS

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💰 Bitcoin Halving Next Week! Sell The News Alarm 🚨 Preface: I'm still bullish on Bitcoin. Long-term trend still is dominantly bullish. With this analysis I merely want to discuss a potential downwards move after the halving. With the $BTC halving approaching fast (time flies!), I'm becoming concerned that the market will actually treat the halving as a sell-the-news-event, rather than a buying one. The simple reason is that we've been moving up in a straight line from 25k to 70k without any meaningful dip in between. In recent history, major Bitcoin news events (Coinbase IPO, Bitcoin spot ETF launch) have been sell-the-news-events. So why would the Halving be bullish? By now, everyone is aware of the supply shock that follows the halving. Smart money bought in Q4 2022 and Q1 2023 in anticipation of this halving. Dumb money has waited until recently to buy in, leaving them open to a correction. Furthermore, the weekly RSI remains extremely overbought with a value well above 80 points. It has to come down eventually one would think. I remain long-term bullish. Even the short-term looks relatively good. However, we can't underestimate the markets ability to catch us off guard. Be wary over the next two weeks. In case of a correction, I'm looking at the yellow area for a potential re-entry.
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🎯🔴🚨#Bitcoin safe zone is 70500 and support is 70200 resist below more than 15 minutes will be crash to 69800 or 69050. For pump Bitcoin need to resist above 71050 for 45 minutes after that Bitcoin will make high to 71850 or 72450. ( SOL, FTM & AVAX, coin will be react with BTC )
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#FLM free signal All targets Hit 🎯
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#FLM free signal 4th target Hit 🎯
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#FLM free signal 3rd target Hit 🎯
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