LIVE🚨🚨Urgent BTC Update: Critical Analysis and Forecast🚨🚨
🚨🚨 BTC Urgent Update - Must Read! 🚨
As predicted, liquidity from BTC is shifting to ETH, presenting significant concerns. The movement in alternative cryptocurrencies remains weak, lacking the momentum needed for substantial rises or long candles. Despite ETH breaching the 3800 mark, the rise is unstable, driven by ETF spot fund accumulation rather than genuine market growth.
🛑Key Points:
1. Liquidity Shift & Market Instability:
- Liquidity Migration: BTC liquidity is moving to ETH, negatively impacting market stability.
- Weak Altcoin Performance: Alternative currencies are not capitalizing on the situation, showing no significant rises.
- ETF Spot Fund Influence: The current rise is primarily due to ETF spot funds' accumulation, not a broad market rally.
2. ETH Resistance & Market Pressure:
- Strong Support for ETH: ETH faces strong support between 71,500 to 73,000, making it challenging to break through this level.
- Selling Pressure: Increased buying and selling activity is causing price fluctuations without indicating a strong upward trend.
- Potential Violent Correction: Expect a sharp correction for both BTC and altcoins due to continuous trading pressure without significant correction, similar to the 65,000 to 67,000 BTC range. ETH could also see a sharp decline if ETFs are rejected.
3. ETF Companies vs. Whales:
- ETF Influence: The rise is driven by ETF companies, not by large-scale whale activity. A whale-driven rise would be much stronger.
- Resistance Levels: ETH faces resistance at 3320 to 3500, with potential corrections down to 3600 unless reinforced by further liquidity injections.
4. USDT and Market Liquidity:
- USDT Domain Correction: Expect a gradual rise in the USDT domain, with liquidity reaching peak areas and potentially breaking through the 2.600 mark again.
- **Market Monitoring**: It's crucial to monitor the market closely and avoid entering new deals at this moment due to the uncertain conditions.
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