The weekend has been smooth sailing for Bitcoin, with the price consistently holding above the crucial 60K level. This is a positive sign, and if today’s close is strong, it sets the stage for continued growth in the long term.
⚠️ No Major Fall Expected: 50K is Behind Us⚠️
We’re not anticipating another drop, especially not below 50K. The previous dip was largely driven by panic in the stock market and the sell-off by Jump Trading. However, the tide has turned. Japanese banks have announced that they won’t be raising interest rates, and it’s reported that Jump Trading is running low on coins to sell.
🔥 Looking Ahead: Bullish Momentum Building🔥
With these factors in play, we’re looking at a strong potential for continued growth. The latest chart formations and breakouts are signaling bullish momentum. As we head into the new week, we’ll keep a close eye on the market and make informed decisions on trades.
Stay tuned for more updates, and prepare for what could be an exciting week for BTC! 🚀
🚀 TON Coin investors, your patience is about to pay off!🚀
Since the launch on Binance, we haven’t seen any major moves, but things are heating up 🔥. The current market situation is looking very favorable for TON investors.
💎 Hold your TON for greater profits!💎
📉 Support Zone: $6.30 📈 Resistance Zone:$6.80 (Short Term & Short Time Frame)
👉 Next Target: If TON breaks above this level, expect significant upward movement! 📊
Stay tuned and keep an eye on the chart for the next big breakout! 💥
1. Quick Recovery and Resistance Test: Price Surge: Solana's price has rapidly recovered and is now testing resistance at the intersection with the 12-hour Ichimoku Cloud, right at the middle border of its sideways trend.
2. Key Scenarios to Watch: Seller Reaction: If there's a reaction from sellers at the current resistance area: Strategy: I’ll consider entering a long position during a correction, aiming for an entry within the $140-$130 range. Squeeze/Breakout: If we see a squeeze or a breakout from the current levels: Strategy: I’ll enter at current prices, anticipating continued bullish momentum.
1. Current Market Position: BTC Holding Strong: Bitcoin continues to maintain its position above the $60K mark, a critical support level. CME Close: The CME futures closed the week at $61K, having successfully filled gaps from July 15 and August 5.
2. Weekend Expectations: Consolidation Watch: It's crucial to see BTC consolidating above $60K over the weekend. A stable position here could pave the way for further growth in the coming week.
3. Key Resistance Levels chimoku Cloud: The daily Ichimoku Cloud on CME presents additional resistance between the $61K-$63K range. This area is crucial for determining short-term trends. Channel Resistance: BTC is expected to push towards the upper boundary of its current channel, around $68K.
4. Potential Market Movements: Breakthrough Potential: A fourth test of the $68K upper boundary may lead to a significant breakthrough. Be vigilant as BTC approaches this level, as it could signal the beginning of a new upward trend.
5. Actionable Insights: Monitor Closely: Keep a close eye on BTC’s price movements, especially as it nears key resistance levels.
Prepare for Volatility: Anticipate potential volatility, especially if BTC attempts to break through the $68K resistance.
🔥 Stay alert, and watch the market closely for any signs of a breakout or a pullback.
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Key Insights: Project Overview: NOT coin is a TapSwap community project, often considered as free money by many. Market Sentiment: While many traders are hesitant to hold NOT coin for the long term, significant investors are holding large amounts, which could drive the price up.
Current Market Situation: Sideways Movement: Currently, NOT coin is moving sideways, creating a sense of uncertainty and panic among traders.
Investment Strategy: Long-Term Potential: Despite the panic, long-term holding by big investors is a positive indicator.
Buying Opportunity: This period of sideways movement might be the perfect time to buy NOT coin at a lower price.
SUI/USDT is showing strong potential despite its recent price dip. After a powerful pump, the current price has dropped to $0.62. This dip presents a prime buying opportunity for spot traders.
Next Move: The price is likely to move sideways for the next few months with no major swings. However, this presents an excellent opportunity for spot traders to buy SUI at a lower price. Using the Dollar-Cost Averaging (DCA) method during this period could yield significant profits, potentially earning 3-5x returns when the market recovers.
BTC's Dip and Bounce: BTC fell below $64K and reached $62K. It didn't stay at $62K for long. After hitting the 12-hour Ichimoku Cloud, it bounced back up.
Liquidity Collection: ❗ BTC gathered liquidity at $62.5K Now BTC Moving Range 61.5k And next update soon stay alert . The daily liquidation chart shows levels around $66-67K. Let's see if BTC can hit these levels with the current bounce.
Potential Downward Movement:
⚠ If BTC keeps facing pressure at the Ichimoku Cloud and $64K, it might continue to drop. There's no clear sign of an upward move in the short term.
-Ethereum ETF inflows to impact price, says Kaiko -Kamala Harris edges closer to facing Trump with 68% Democrat backing -Mt. Gox records $3.2B in Bitcoin outflows within two hours -Grayscale transfers 292,000 ETH, valued at over $1 billion, to Coinbase Prime -XRP might reach $1 again in Q4, first time since 2021 -Trump concerns over China dominating crypto, justified? -Chandra Duggirala discusses cross-chain risks, Ordinals, Runes, and more.
🔴 Despite good news, BTC hit $68.5K, but can't break through 🔴 📉 Upper limit of descending channel, no growth attempt 📉 🔄 Rebound happening, not continuation of growth 🔄
🚨 Warning: 🚨
📊 If BTC can't stay above $66K and $64K (Ichimoku Cloud), it may continue to fall 📊 🤔 Wait for market reaction to ETH-ETF launch before making decisions 🤔