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The speed of our prayers being answered shows we sent the right energy to the universe this time 😂 Thankfully, the market is green again! Bitcoin is back above 100k. For #Altcoins , we need a bit of $ETH momentum. Breaking $3,865 could lead to a test of the $4,100 level. If the red zone is surpassed, the anticipated altcoin movements may begin. Eth is also forming a cup-and-handle pattern. Wishing everyone profitable trades!
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#Bitcoin Spot CVD and the Week’s Dynamics Bitcoin started the new week on a positive note, capturing the attention of investors. The rise in Spot CVD, supported by spot buying, indicates growing momentum. Particularly, the fact that Coinbase is active in buying is a highly positive signal for the market. Additionally, whale activity has climbed back to +18, reflecting strong participation and confidence from large holders. Technical Indicators and Resistance Levels Bitcoin has tested the $100K resistance level three times but failed to break above it. This resistance also aligns with the Fibonacci 0.5-0.618 range, making it a significant barrier. While current market data is overwhelmingly positive, breaking this resistance is crucial for further upward movement. On the other hand, funding rates remain low, and long positions do not dominate the market, which suggests a balanced and healthy market environment. This reduces the risk of short-term corrections. Volume and Volatility Expectations During the past two holiday weeks, the market was quiet, with low volume and sideways movement. However, starting this week, the market is expected to gain volume and see increased volatility. This could create more opportunities for both Bitcoin and altcoins. Conclusion and Outlook Overall, Bitcoin is in a short-term positive trend. However, breaking the $100K resistance is essential for stronger momentum. As market volume and volatility are anticipated to rise this week, investors may find more trading opportunities. It’s advisable to keep an eye on key technical levels when shaping strategies. Wishing everyone a profitable week! $BTC #BinanceMegadropSolv
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When examining Ethereum’s price movements, it’s evident that the market is gaining significant momentum. As the leading altcoin, Ethereum continues to be a key player that influences the general dynamics of the cryptocurrency market. Historically, when Ethereum enters an upward trend, it often leads to major rallies in the altcoin market. Expectations and Positive Scenario: • Target: $3,865 USD: Ethereum is expected to rise to $3,865 USD. This level serves as a strong resistance point that could support the continuation of the upward movement. • New Support Zone: If Ethereum stays above $3,650 USD, this area could strengthen as a new support zone. • $4,100 USD and Above: With a break above $3,865 USD, Ethereum may test the $4,100 USD level. A breakthrough at this level could push Ethereum to much higher levels. $ETH strong movements could spark a revival in the altcoin market. Particularly, a close above $4,100 USD could accelerate the start of the altcoin season, creating a generally positive atmosphere in the market. Technical Commentary: 1. Trend Support: The break of the descending trend line increases expectations for a bullish market. 2. Strong Momentum: Ethereum is challenging both short-term and long-term resistance levels. Conclusion: With its strong price movements, Ethereum is building investor confidence and creating a positive market sentiment. Movements above $3,865 USD could strengthen the likelihood of reaching $4,100 USD. Breaking this level could signal the start of new all-time highs for Ethereum. #BinanceAlphaAlert $BTC
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$MOVE has broken out of its descending channel, standing out in today’s market. We’re continuing with an 86% profit margin. It seems stuck around the 1.22 region, but another attempt is expected. Let’s see if it can break through this time. Key resistance levels are 1.48, 1.74, and 2, while support is at the 0.9775 region. Wishing everyone profitable trades! 💐 #Move #CryptoReboundStrategy #Binance250Million $BTC
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There’s a lot of interest in $BIO , but its price hasn’t fully stabilized yet. Due to high demand, I’m leaving this here. I haven’t entered the market yet. Tomorrow is the usual “bloody Monday”; let’s see if it lives up to its name again. I plan to wait until the price settles before making a move. Feel free to follow along here. #CryptoReboundStrategy Wishing you all profitable trades! #BinanceAlphaAlert $BTC
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