$1000BONK going down 0.048 | Mavis Evan on Binance Square

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17 Nov 2024

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$1000BONK going down 0.048

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20 Nov 2024

"If you are facing losses in Binance trading, I can trade for you. Profits and losses will be shared 50-50. Terms and conditions will be mutually agreed upon."

20 Nov 2024

If Bitcoin (BTC) fails to hold the $85,000 support after facing rejection at the $96,000 resistance level, it is possible that it could drop to a new low of $80,000. Reasons Bitcoin Could Hit $80,000 1. Increased Selling Pressure After failing to break above $96,000, heightened selling by investors taking profits could push Bitcoin past key support levels, targeting $80,000. 2. Stop-Loss Hunting Below $85,000, a large number of stop-loss orders could be triggered by big players, creating artificial liquidity and accelerating the drop to $80,000. 3. Weak Buying Demand If the $85,000 support does not attract sufficient buying interest, the lack of demand may result in further downward movement. 4. Regulatory or Global Factors Negative regulatory news or global economic uncertainties could worsen market sentiment, driving Bitcoin toward $80,000. 5. Psychological Pressure $80,000 represents a critical psychological level, and fear-driven selling could lead to a test of this price. Conclusion If Bitcoin breaches the $85,000 support, a decline to $80,000 is likely. Traders should remain cautious, avoid hasty decisions, and rely on thorough technical and fundamental analysis. Investors might view such a dip as an opportunity to re-enter the market, but timing and market monitoring will be crucial.

20 Nov 2024

#COSSocialFiRevolution Bitcoin’s resistance at $96,000 is a critical barrier driven by heavy profit-taking and psychological pressure near the $100K milestone. A failure to break this level could lead to a correction toward the $85,000 support zone, which aligns with historical accumulation and Fibonacci retracement levels. During this decline, traders should be wary of stop-loss hunting, where large players trigger sell stops below key levels (e.g., $90K) to create liquidity for their buy orders. This artificial price drop often results in a sharp rebound once weak hands are shaken out. Setting conservative stop-losses and monitoring market depth can help mitigate this risk.

20 Nov 2024

#COSSocialFiRevolution Bitcoin’s resistance at $96,000 is a critical barrier driven by heavy profit-taking and psychological pressure near the $100K milestone. A failure to break this level could lead to a correction toward the $85,000 support zone, which aligns with historical accumulation and Fibonacci retracement levels. During this decline, traders should be wary of stop-loss hunting, where large players trigger sell stops below key levels (e.g., $90K) to create liquidity for their buy orders. This artificial price drop often results in a sharp rebound once weak hands are shaken out. Setting conservative stop-losses and monitoring market depth can help mitigate this risk.

20 Nov 2024

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