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#Bitcoin❗
is forming a falling wedge pattern!
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$BTC ANALYSIS Bitcoin is holding above the lower support trendline of an ascending triangle, hinting at a potential bounce. This is a crucial level BTC must maintain. A breakout above the triangle would confirm a bullish trend. The Ichimoku Cloud is also providing strong support, adding to the bullish momentum. However, a breakdown below this support trendline could signal a bearish trend. Stay tuned for updates! #Crypto #Bitcoin❗
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#Bitcoin❗ $67,400 is the level where we have $870 million worth of short-position liquidation.
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Over $500 million were liquidated in the past 24 hours, and now it's over $480 million. #Crypto #BTC☀
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#Bitcoin❗ is still holding this horizontal support, and the 100MA is also acting as support. ALTS are dropping, and if you are trying to buy the dip, then maybe that famous line applies here: "I bought the dip, and it kept dipping." 😅 IMO, it is better to wait for some confirmation. #Crypto #BTC☀ $BTC
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🚨 Inflation Alert! 🚨 Today's CPI inflation numbers drop at 12:30 PM GMT! 🌍 Current market expectation: 3.4% YoY. Here's the scoop: 🔸 If inflation is below expectations (3% or 3.1%), it’s bullish! 🐂 🔸 If inflation is above expectations (3.6% or 3.7%), it’s bearish! 🐻 Why does this matter? The Fed's response: 👇 Lower inflation = potential rate cuts = 🔥 for the markets! 👆 Higher inflation = prolonged high rates = 🚨 caution! Stay tuned and trade wisely! 💹💡 #CPI_DATA #Inflationrate #Marketupdates #Trading
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