Money printing has started again Whenever they print, BTC g | Market Updates på Binance Square

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Money printing has started again
Whenever they print, BTC goes parabolic
#BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21 $ETH $ETH $BNB 

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CRYPTO MARKET: WHAT NEXT? Here will show a big picture of the market via 4 charts: BTC, ETH, Total Crypto Mcap, and ALT Mcap. Bitcoin: BTC price is trading below $65,000 and has been in a downtrend channel for the last two weeks. However, it is still in a BULL trend in the long time frame. Support levels are at $63,000 and $60,000. The chart shows that BTC is forming the Right Shoulder of a Bullish Head & Shoulders Pattern, and after completing this pattern, we will see a further bounce. ETH: The ETH price is also in a short-term correction with major support at $3,250. An ETH ETF could come in the next 15 days, so we may see a bounce in ETH at any time. Around $3,300 would be a good entry point for ETH. Total Crypto Mcap: Total Crypto Mcap is also in a short-term correction but remains above the mega bull trend line. Currently, Total Crypto Mcap is near $2.29T, with support around $2.16T, implying it can drop 5% for final capitulation. ALTs Mcap: ALT Mcap has dropped below the mega bull trend line. We may see a small bounce if BTC moves upward, but it looks like the alts market will go through a final round of capitulation, where alts could drop a further 20% before the next mega season. Conclusion: Bitcoin and the crypto market are in a bull trend, but BTC may retest $60K in the next few weeks. If this happens, we will see more declines in alts, which could suffer another 15%-20% drop. However, predicting the bottom is difficult. BTC dominance is also near 56%+ and may increase a few more percentage points, but we can see a bearish divergence in the BTC.d weekly chart. This period could be a good opportunity to accumulate alts with a 6-9 month view targeting the next mega alts season. #BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken $BTC $ETH $SOL

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