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Al-Jameel Trader

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Al-Jameel Trader

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$BTC ANALYSIS ALERT ‼️‼️‼️‼️‼️ With #Bitcoin , it is highly likely that its price will drop to the $47,000 or even $32,000 range before the current market consolidation concludes. The probability of Bitcoin surging above $73,000 is minimal during this period, as such a leap would cause major altcoins to increase by over 1000%, which is an unrealistic expectation under current market conditions. For Bitcoin to experience significant upward movement, the ongoing market consolidation must first come to an end. This consolidation phase is marked by price corrections and market adjustments, which are essential for establishing a solid foundation for future growth. Until this phase is completed, substantial price jumps are improbable. Investors and traders should prepare for potential dips and focus on strategic entries at lower levels, such as $32,000 to $47,000. This approach can help mitigate risks and position for future gains once the consolidation phase is over and a clearer upward trend emerges. In summary, patience and strategic planning are crucial during this period of market consolidation. By understanding the market dynamics and waiting for the consolidation to end, investors can better navigate the volatility and capitalize on the eventual rise in Bitcoin’s value. #Write2Earn! #BinanceTournament. #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions $BTC

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A Bear Trap A bear trap occurs when the price of a financial asset appears to be on a steady decline. This leads investors to expect a further drop, and they short-sell to profit from the continuing downtrend. The trap is now set: instead of continuing to fall, the price suddenly reverses and goes back up. Investors get ensnared, taking on losses as the price of the security continues to increase. A bear trap is a false technical indication of a reversal from a down-trending market to an up-trending one that can trap unsuspecting shorts. Bear traps bring home the psychological and speculative elements of trading. They are a cautionary example of what can happen when analyses lead you to trade in the wrong direction.

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#August_Bnb_$BNB _#Down$150

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#August #Market_Down_Down_Down

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#Binance #Market #strategy In August Market Fully Down #August_Market_Down #Take_Care

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