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Bitcoin Crash Warning: Prices Could Drop to $47,000 to $55,000 - Here's What I'm Doing (Not Financial Advice) I want to share some thoughts on the current state of the cryptocurrency market, specifically regarding Bitcoin and altcoins. This is not financial advice, but rather my personal strategy and perspective. I urge everyone to conduct their own research and make decisions based on their findings. If Bitcoin drops and closes below $64,000 on a daily Timeframe, I believe there could be a significant downturn, potentially leading to sharp declines in both Bitcoin and altcoins. In such a scenario, I am prepared to book losses in my trades to mitigate further risk. If Bitcoin's price drops, the market could experience a substantial bleed, with prices possibly falling to $55,000 or even as low as $47,000. Such movements can be severe and swift, resembling a waterfall in their intensity. Please remember, this is simply my approach. The cryptocurrency market is highly volatile and unpredictable. My views may not be correct, and it is crucial for each individual to assess their own risk tolerance and investment strategy. Stay informed, stay cautious, and make decisions that are best suited for your financial situation. $BTC #BEARISH📉 {future}(BTCUSDT)
Bitcoin Crash Warning: Prices Could Drop to $47,000 to $55,000 - Here's What I'm Doing (Not Financial Advice)

I want to share some thoughts on the current state of the cryptocurrency market, specifically regarding Bitcoin and altcoins. This is not financial advice, but rather my personal strategy and perspective. I urge everyone to conduct their own research and make decisions based on their findings.

If Bitcoin drops and closes below $64,000 on a daily Timeframe, I believe there could be a significant downturn, potentially leading to sharp declines in both Bitcoin and altcoins. In such a scenario, I am prepared to book losses in my trades to mitigate further risk.

If Bitcoin's price drops, the market could experience a substantial bleed, with prices possibly falling to $55,000 or even as low as $47,000. Such movements can be severe and swift, resembling a waterfall in their intensity.

Please remember, this is simply my approach. The cryptocurrency market is highly volatile and unpredictable. My views may not be correct, and it is crucial for each individual to assess their own risk tolerance and investment strategy.

Stay informed, stay cautious, and make decisions that are best suited for your financial situation.
$BTC #BEARISH📉
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🔥🔥🔥 #bitcoin Price Takes a Plunge: Analyzing the Sudden Drop Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower. Key Points: - Initial Decline: Began from the $64,550 resistance. - Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA). - #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart. - Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels. Detailed Analysis: Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point. Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement). Potential Price Movement: Upside Potential: - Break Above $64,500: Could signal a steady increase. - Targets: $65,500 and potentially $66,200. Downside Risks: - Failure to Break $63,550: Could lead to further decline. - Immediate Support: Near $62,700. - Further Support: $62,200 and $62,000. - Significant Drop: Could reach the $61,200 support zone. Technical Indicators: - Hourly MACD: Gaining pace in the bearish zone. - Hourly RSI: Below 50, indicating bearish sentiment. Summary: Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices. Key Levels to Watch: - Support: $62,700, $62,200, $62,000. - Resistance: $63,550, $64,500. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC
🔥🔥🔥 #bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower.

Key Points:

- Initial Decline: Began from the $64,550 resistance.

- Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA).

- #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart.

- Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels.

Detailed Analysis:

Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point.

Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement).

Potential Price Movement:

Upside Potential:

- Break Above $64,500: Could signal a steady increase.

- Targets: $65,500 and potentially $66,200.

Downside Risks:

- Failure to Break $63,550: Could lead to further decline.

- Immediate Support: Near $62,700.

- Further Support: $62,200 and $62,000.

- Significant Drop: Could reach the $61,200 support zone.

Technical Indicators:

- Hourly MACD: Gaining pace in the bearish zone.

- Hourly RSI: Below 50, indicating bearish sentiment.

Summary:

Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices.

Key Levels to Watch:

- Support: $62,700, $62,200, $62,000.

- Resistance: $63,550, $64,500.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC
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"Will the Market Fill the $64,200 CME Gap? New York Session Could Decide!" In about two hours, the New York session will begin, and the market will likely establish a new direction. There's a possibility that it could drop below $60,000, but it might also aim to fill the CME gap around $64,200. Personally, I believe it will fill the gap at $64,200. If anyone opens a long position around $64,200, there could be a chance to break even. Please note that this is not financial advice; always conduct your own research before making any investment decisions. $BTC #BEARISH📉 {future}(BTCUSDT)
"Will the Market Fill the $64,200 CME Gap? New York Session Could Decide!"

In about two hours, the New York session will begin, and the market will likely establish a new direction. There's a possibility that it could drop below $60,000, but it might also aim to fill the CME gap around $64,200. Personally, I believe it will fill the gap at $64,200. If anyone opens a long position around $64,200, there could be a chance to break even. Please note that this is not financial advice; always conduct your own research before making any investment decisions.
$BTC #BEARISH📉
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Down bad, anon? Everyone at Kim HQ is too, dw. We’re in this together. The difference, however, is many of us are sitting comfortably leveraging Kim and eating up a fat stack of rewards every day, it makes the red candles kinda look green? Or maybe Gary is just color blind. Start Yeeting, its Monday. #Bullish #Optimism #Superchain #BEARISH📉
Down bad, anon?

Everyone at Kim HQ is too, dw. We’re in this together.

The difference, however, is many of us are sitting comfortably leveraging Kim and eating up a fat stack of rewards every day, it makes the red candles kinda look green? Or maybe Gary is just color blind.

Start Yeeting, its Monday.

#Bullish #Optimism #Superchain #BEARISH📉
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$VANRY - price analysis request: 🔷Medium / short term: -Bearish price action with a clean rejection again at the 0.15800$ resistance! 📉 -The price may retest the 0.135000$ on the short term. If this support don't hold, then the we should see a drop toward the 0.1200$ leve or even lower❗️ 🎯Main Resistances: Downtrend line; 0.15800 & 0.1700$ 🎯Main Supports: 0.13500; then 0.1200 - 0.100 & 0.800$ levels Chance to see a bearish continuation are high! 📉 #VANRY #BTC☀ #Crypto_Jobs🎯 #TradingShot #BEARISH📉
$VANRY - price analysis request:

🔷Medium / short term:

-Bearish price action with a clean rejection again at the 0.15800$ resistance! 📉
-The price may retest the 0.135000$ on the short term. If this support don't hold, then the we should see a drop toward the 0.1200$ leve or even lower❗️

🎯Main Resistances:
Downtrend line; 0.15800 & 0.1700$

🎯Main Supports:
0.13500; then 0.1200 - 0.100 & 0.800$ levels

Chance to see a bearish continuation are high! 📉

#VANRY #BTC☀ #Crypto_Jobs🎯 #TradingShot #BEARISH📉
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BTC CRASHING BACK TO $50,000 🤯😱😱😱 Be careful pals, a lot of Negative signals, Negative trends... I escaped from my funds getting Liquidated I will advice all traders, be careful when trading in Margin trade, I made my analysis I found out this is high risk .... Holding on spot is the safest thing to do A word is Enough for the Wise!!!! Make your calculations on the borrowed asset against your Profit and losses you will understand .. so best thing is lock on earn, wait for a major pump!! if you make 2x or 3x of your capital , sell 90% leave 10% then watch trends and its market correction for 3 weeks before putting in 90% again.. I turn $350 into $6000 , I refused to sell 90% now, am down to $1800, this is very unwise.... so avoid this mistakes, learn from my mistakes don't fall victim of it.. Trade wisely for the rest June!! Well am back 😁😁 Who missed me?? Drop why you missed my analysis on the comment #BTC☀ #BEARISH📉 #CryptoTradingGuide
BTC CRASHING BACK TO $50,000 🤯😱😱😱

Be careful pals, a lot of Negative signals, Negative trends...

I escaped from my funds getting Liquidated I will advice all traders, be careful when trading in Margin trade, I made my analysis I found out this is high risk .... Holding on spot is the safest thing to do

A word is Enough for the Wise!!!!

Make your calculations on the borrowed asset against your Profit and losses you will understand ..

so best thing is lock on earn, wait for a major pump!!
if you make 2x or 3x of your capital , sell 90% leave 10% then watch trends and its market correction for 3 weeks before putting in 90% again..

I turn $350 into $6000 , I refused to sell 90% now, am down to $1800, this is very unwise....

so avoid this mistakes, learn from my mistakes don't fall victim of it..

Trade wisely for the rest June!!

Well am back 😁😁
Who missed me??

Drop why you missed my analysis on the comment
#BTC☀ #BEARISH📉 #CryptoTradingGuide
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Watching Top Gainers while laughing. Another gainer today, $BAKE makes 10%+. I had to open monthly chart to catch it. Highest price 8.48. Today's price 0.37+ Devs sold everything long ago, bought #Lambo and forgot about the token. #BEARISH📉
Watching Top Gainers while laughing. Another gainer today, $BAKE makes 10%+. I had to open monthly chart to catch it. Highest price 8.48. Today's price 0.37+

Devs sold everything long ago, bought #Lambo and forgot about the token.

#BEARISH📉
👉👉👉 $XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness XRP encountered strong resistance near $0.500 and is now showing bearish signs, potentially dropping below $0.4850 support. Initially attempting to break above $0.500, XRP faced rejection and is currently trading below both $0.4950 and the 100-hourly Simple Moving Average. On the hourly chart from Kraken, a breached short-term rising channel with support at $0.4920 added to the bearish sentiment. XRP briefly tested $0.4950 and spiked above $0.500 before reversing near $0.5019, paralleling Bitcoin's decline. It fell below key levels at $0.4980 and $0.4950, also breaking the 50% Fibonacci retracement level from recent swings. Currently positioned below $0.4950 and the 100-hourly SMA, XRP finds support near $0.4850 and the 61.8% Fibonacci retracement level. Resistance hurdles include $0.4950, $0.50, and $0.5020, with potential targets at $0.5150, $0.5250, $0.5320, and $0.550 if a breakout above $0.5020 occurs. Failure to surpass $0.50 may increase downward pressure, with initial support at $0.4850 and stronger support at $0.4765. A breakdown below $0.4765 could intensify selling pressure, potentially pushing XRP below $0.4540. Technical Indicators: - Hourly MACD shows increasing #BEARISH📉 momentum. - Hourly RSI is below the 50 level, indicating bearish sentiment. Key Levels: - Support: $0.4850, $0.4765 - Resistance: $0.5020, $0.5150 In summary, XRP faces strong resistance at $0.500 with bearish signals, potentially testing lower support levels under $0.4850 amidst increasing bearish momentum. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
👉👉👉 $XRP Price Under Siege: Losses Likely to Extend Amid Market Weakness

XRP encountered strong resistance near $0.500 and is now showing bearish signs, potentially dropping below $0.4850 support.

Initially attempting to break above $0.500, XRP faced rejection and is currently trading below both $0.4950 and the 100-hourly Simple Moving Average. On the hourly chart from Kraken, a breached short-term rising channel with support at $0.4920 added to the bearish sentiment.

XRP briefly tested $0.4950 and spiked above $0.500 before reversing near $0.5019, paralleling Bitcoin's decline. It fell below key levels at $0.4980 and $0.4950, also breaking the 50% Fibonacci retracement level from recent swings.

Currently positioned below $0.4950 and the 100-hourly SMA, XRP finds support near $0.4850 and the 61.8% Fibonacci retracement level.

Resistance hurdles include $0.4950, $0.50, and $0.5020, with potential targets at $0.5150, $0.5250, $0.5320, and $0.550 if a breakout above $0.5020 occurs.

Failure to surpass $0.50 may increase downward pressure, with initial support at $0.4850 and stronger support at $0.4765. A breakdown below $0.4765 could intensify selling pressure, potentially pushing XRP below $0.4540.

Technical Indicators:

- Hourly MACD shows increasing #BEARISH📉 momentum.

- Hourly RSI is below the 50 level, indicating bearish sentiment.

Key Levels:

- Support: $0.4850, $0.4765

- Resistance: $0.5020, $0.5150

In summary, XRP faces strong resistance at $0.500 with bearish signals, potentially testing lower support levels under $0.4850 amidst increasing bearish momentum.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets
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🔥🔥🔥 Hard To Be “Too Scared Of #Bitcoinprice Action,” Says Analyst. Here’s Why Bitcoin Market Analysis: Relative Unrealized Loss Decline in Relative Unrealized Loss - November 2022 Bear Market: Relative Unrealized Loss peaked. - Current Status: Metric close to zero, indicating negligible market losses relative to market cap. Factors Contributing to the Decline - Bitcoin Price Surge: Approaching a new all-time high (#ATH ), making the entire supply profitable and reducing Unrealized Loss to zero. Current Market Insights - Indicator’s Value: Remains low despite bearish price action, suggesting limited excessive buying at higher prices. - Historical Context: Bull market tops typically see spikes in Unrealized Loss due to minimal price drops causing losses for late buyers. This pattern hasn’t emerged in the current cycle. - Analyst Commentary: Checkmate noted, “It is hard for me to be too scared of Bitcoin price action when unrealized losses look like this,” indicating cautious optimism. Bitcoin Price Update - Current Trading Price: $65,481, continuing a #BEARISH📉 trend. Source - newsbtc.com #CryptoMarkets #BinanceSquareBTC $BTC
🔥🔥🔥 Hard To Be “Too Scared Of #Bitcoinprice Action,” Says Analyst. Here’s Why

Bitcoin Market Analysis: Relative Unrealized Loss

Decline in Relative Unrealized Loss

- November 2022 Bear Market: Relative Unrealized Loss peaked.

- Current Status: Metric close to zero, indicating negligible market losses relative to market cap.

Factors Contributing to the Decline

- Bitcoin Price Surge: Approaching a new all-time high (#ATH ), making the entire supply profitable and reducing Unrealized Loss to zero.

Current Market Insights

- Indicator’s Value: Remains low despite bearish price action, suggesting limited excessive buying at higher prices.

- Historical Context: Bull market tops typically see spikes in Unrealized Loss due to minimal price drops causing losses for late buyers. This pattern hasn’t emerged in the current cycle.

- Analyst Commentary: Checkmate noted, “It is hard for me to be too scared of Bitcoin price action when unrealized losses look like this,” indicating cautious optimism.

Bitcoin Price Update

- Current Trading Price: $65,481, continuing a #BEARISH📉 trend.

Source - newsbtc.com

#CryptoMarkets #BinanceSquareBTC $BTC
🔥🔥🔥 #binancecoin $BNB ) Falls Below Critical Support Level As of the latest update, BNB is currently trading at $592.71, reflecting an 18% decline in value since June 6. - Binance Coin Faces #BEARISH📉 Signals Since reaching its year-to-date peak on June 6, BNB has undergone a downward trajectory, forming a descending triangle pattern. A descending triangle typically signals bearish sentiment, characterized by lower highs and a horizontal support level. For BNB, this support rests at $593.90, a level it presently trades below. In such patterns, a failure by bulls to defend this support often precedes a bearish breakout, indicating a continuation of the downtrend as sellers outnumber buyers. BNB's price is currently below its 20-day exponential moving average (EMA), signaling reduced buying pressure. This suggests increased coin distribution and a decline in buying interest, contributing to a bearish sentiment. - BNB Price Prediction: Long Traders Maintain Optimism Despite the recent price decline, BNB's futures open interest has seen a notable drop from its year-to-date peak of $1.12 billion on June 8 to $674 million as of now, marking a 33% decrease. Futures open interest measures the total number of outstanding futures contracts yet to be closed or settled. A decline in open interest typically indicates more traders exiting the market without initiating new positions. Despite these developments, BNB's funding rate across cryptocurrency exchanges remains predominantly positive at 0.0021%. Funding rates are mechanisms used in perpetual futures contracts to keep contract prices close to spot prices. A positive funding rate indicates more traders holding long positions, signaling confidence in BNB's potential price increase. If selling pressures ease, BNB could potentially rebound above $600, aiming for around $615.10. Conversely, sustained bearish sentiments might drive BNB's price further down towards the $555.90 mark. Source - beincrypto.com #CryptoMarkets #BinanceSquareAnalysis #BinanceSquareTalks
🔥🔥🔥 #binancecoin $BNB ) Falls Below Critical Support Level

As of the latest update, BNB is currently trading at $592.71, reflecting an 18% decline in value since June 6.

- Binance Coin Faces #BEARISH📉 Signals

Since reaching its year-to-date peak on June 6, BNB has undergone a downward trajectory, forming a descending triangle pattern.

A descending triangle typically signals bearish sentiment, characterized by lower highs and a horizontal support level. For BNB, this support rests at $593.90, a level it presently trades below. In such patterns, a failure by bulls to defend this support often precedes a bearish breakout, indicating a continuation of the downtrend as sellers outnumber buyers.

BNB's price is currently below its 20-day exponential moving average (EMA), signaling reduced buying pressure. This suggests increased coin distribution and a decline in buying interest, contributing to a bearish sentiment.

- BNB Price Prediction: Long Traders Maintain Optimism

Despite the recent price decline, BNB's futures open interest has seen a notable drop from its year-to-date peak of $1.12 billion on June 8 to $674 million as of now, marking a 33% decrease.

Futures open interest measures the total number of outstanding futures contracts yet to be closed or settled. A decline in open interest typically indicates more traders exiting the market without initiating new positions.

Despite these developments, BNB's funding rate across cryptocurrency exchanges remains predominantly positive at 0.0021%. Funding rates are mechanisms used in perpetual futures contracts to keep contract prices close to spot prices.

A positive funding rate indicates more traders holding long positions, signaling confidence in BNB's potential price increase. If selling pressures ease, BNB could potentially rebound above $600, aiming for around $615.10.

Conversely, sustained bearish sentiments might drive BNB's price further down towards the $555.90 mark.

Source - beincrypto.com

#CryptoMarkets #BinanceSquareAnalysis #BinanceSquareTalks
$BTC The new week begins with bearish engulfing candle, it reaches the support level. This is because resistance is formed on the weekly chart. On the daily chart there is a pin and bearish candle which is reject on the moving average.#BTC #candlestick_patterns #WeeklyChart #BEARISH📉
$BTC The new week begins with bearish engulfing candle, it reaches the support level. This is because resistance is formed on the weekly chart. On the daily chart there is a pin and bearish candle which is reject on the moving average.#BTC #candlestick_patterns #WeeklyChart #BEARISH📉
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