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#Alert🔴 about $BTC !!!! Read this before taking any future trade #longpositions or #ShortEntry Price Drop: Bitcoin is currently trading around $57,263, which is a decrease of about 4.8% in the last 24 hours. It recently fell below the $60,000 support level. [Source: CoinDesk] Possible Reasons for Drop: This price movement comes ahead of a decision by the US Federal Reserve, which could impact the broader market. Additionally, some analysts predict Bitcoin could drop further to $50,000. [Source: CoinDesk, Forbes] Market Outlook: The overall crypto market is down about 6% in the last day. This follows what has been the worst month for crypto since the FTX crash. [Source: CoinDesk] Note: If this post is helpful you can support me as low as 1$USDC Binance id: 775704784

#Alert🔴 about $BTC !!!!

Read this before taking any future trade #longpositions or #ShortEntry

Price Drop: Bitcoin is currently trading around $57,263, which is a decrease of about 4.8% in the last 24 hours. It recently fell below the $60,000 support level. [Source: CoinDesk]

Possible Reasons for Drop: This price movement comes ahead of a decision by the US Federal Reserve, which could impact the broader market. Additionally, some analysts predict Bitcoin could drop further to $50,000. [Source: CoinDesk, Forbes]

Market Outlook: The overall crypto market is down about 6% in the last day. This follows what has been the worst month for crypto since the FTX crash. [Source: CoinDesk]

Note: If this post is helpful you can support me as low as 1$USDC Binance id: 775704784

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$BTC • DXY: Chart breaking out of an rsi and price trendlines, not a good sign for crypto. We can possibly see a rejection here to come back down a little. The hns on this chart has reached the target and now it is the pennant breaking out, target to 106.11 area. It's a pennant having a symtri at the end so we might see rejection from here. This candle close abobe the 100 sma is not good. • USDT.D: Above the ma resistance, seems like it has flipped that. Nect resistance level is the gp+ob area mentioned in the chsrt, oddly the distance this has to travel to reach the resistance is almost the same as dxy needs to travel to reach its resistance, so we can expect rejection in both charts. Breaking out from that resistance as well will end up opening gates fpr this chart to reach equal high at 5.41 • BTC.D: Good thing on this chart is that dominance has broken down the trendline it was respecting. We might see a bearish retest of this but that has little chances so a continuation in this chsrt to the down side is expected. • BTC: 59.1-59.7 is an OB GP area where price might visit for a possible reversal, there's just air in between... Just creating OBs at this point to trap traders, what must be one is to flash these sorta people out, and wick below the yellow trendline to slightly tap the green box, the OB area, and the GP area. Right now the price is at the daily 100sma. We don't want a red close below that. ``` The market is boring, and will stay like this for a while until, even in this group, people just keep shorting everything in hopes that everything has went down so it should go down even more and that's wen the flushes happen. Just holding spots for now. Not shorting or longing anything. A tip is to watch for reversal and character change on 45m. #Write2Earn #BlackRock #MicroStrategy #BTC
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