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#Bitcoin❗ Hits New Low, More Downside Expected 🤔 $BTC made a new low and closed below the Break of Structure (BOS), signaling potential for further declines. Once inducement completes, we expect a new low before seeing any #upward movement, followed by more downside. Predicted this dump from $69,900, now trading at $53,500. Hope you enjoyed my analysis. #SOFR_Spike #US_Job_Market_Slowdown #BinanceTournament
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What Is Quantitative Tightening (QT)?
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Funding rates are significantly negative, indicating that the market may be approaching a bottom. It's advisable to monitor the price over the next few days. #SOFR_Spike #US_Job_Market_Slowdown #IntroToCopytrading #MtGoxJulyRepayments #BinanceTournament
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$ETH is currently testing a key daily support area. The daily #candle needs to close above this support area; otherwise, we may see heavy #selling . The next 2-3 days are crucial, so it's better to wait for some time to let the situation settle. #SOFR_Spike #BinanceTournament #US_Job_Market_Slowdown
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#Bitcoin❗ is currently experiencing a #downward trend and has been unable to maintain the $56,500 support level. There is a lot market panic due to the #MtGox distribution and the sale by the #Germany Government. We may observe some sideways movement shortly, and we will have to wait and see how the market responds. Major Weekly Support Area: $52,000-$53,500 Resistance Area: $56,500-$57,000 #SOFR_Spike
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