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Dian Mirza
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Bullish
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$BTC
holds strong at $60K, signaling bullish momentum !
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BTC
96,009.97
-1.56%
424
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$RARE don't get dump by this fake pump
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#MarketSentimentToday $BTC even ticked higher when Bitgo moved $2B of Mt. Gox BTC last night. This could signal that the market is beginning to disregard this supply factor.
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#MarketSentimentToday $BTC is hovering below $60k again, showing signs of consolidation after recent fluctuations. Weak U.S. payroll data may impact bitcoin price fall again.
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#MarketSentimentToday The current $BTC price is near the lower end of the 24-hour range. If the price holds above this support level and starts to bounce back, it could be a bullish sign.
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I think the crypto #MarketDownturn is driven by multiple negative sentiment: 1. Japan's Rate Hike: The Bank of Japan's unexpected interest rate hike caused a massive unwinding of the yen carry trade 2. US Payroll Data: Weak nonfarm payroll growth in the US, combined with higher-than-expected unemployment rates, heightened fears of an impending recession These factors contribute to a market downturn by increasing uncertainty and risk aversion among investors, prompting them to sell-off . - My best strategy to take advantage of the current crypto market downturn is : 1. Use the downturn as an opportunity to buy at lower prices 2. Diversify to across a range of cryto assets to mitigate risk - My tips to stay strong and resilient during market fluctuations is : 1.Stay informed about macroeconomic factors and central bank policies. 2. Diversify your portfolio across various assets to reduce exposure to any single market downturn.
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