$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.
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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.
@everyone **Hello Everyone, Lets start with Bitcoin Update**
SO, BTC made a Perfect deviation Below our Prev Monthly Range. Now it is heading toward to Range high to fill the mention Green area.
So currently we have really imp S/R level(green zone) which is **67200 - 6800**. on this level we have POC and 4h OB , Golden pocket. SO if we flip this level we will see new ATH from BTC.
However we can also have a strong rejection from the given imp zone, which can lead BTC toward the Retest of **Blue Zone (61600 - 60000)** which will be our perfect healthy bounce zone to achieve the Range High.
**Conclude :** *New ATH is more likely to be made. but before that we have a Imp level to Flip (68000).* *Blue zone is bounce area if Btc come below.*
Price: Bitcoin is currently trading at around $63,872, which is a 1.52% increase in the last 24 hours.
Recent Performance: Over the past week, Bitcoin has gained 0.20%, but it's down 3.20% for the month. Over the last year, Bitcoin has seen a significant increase of 121.32%.
Technical Analysis: Opinions are mixed. Some analysts see Bitcoin as technically neutral in the medium term, but slightly negative in the long term, citing a recent break in support levels [Investtech]. However, there are also signs of bullish sentiment with upcoming options expiry on Friday [FXStreet].
Always $DYOR before investing in any crypto coin. No matter which group you are following , paid or unpaid DYOR is very important. I've seen many people using signals . This is good but if any trade fails don't blame other if trade get liquidate.
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
Traders are looking for some spot coins that are at good levels for this week and are worth buying. Here are a few coins that I like right now, but please do your own research before making any trading decisions.
Dot
Op
Sei
Tia
Ldo
Sand
Vet
Sushi
Please note that this is not financial advice and you should always do your own research before investing in any cryptocurrency.
@everyone Understand the fact that THIS is necessary, was necessary and will always be a core trait of this market... The panic you're feeling right now is the cost you pay which makes you a deserving person to enjoy the profits... We have jolts data on 7pm and interest rate decision on 11pm, not sure about jolts data but interest rates will be unchanged and that's VERY likely... And that "Could" end up calling the bottom.$BTC
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