LIVEDexter
@Dexter_The_Trader
A growing community that provides the best and unbiased market updates and trade setups on cryptocurrency.
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LIVELIVEDexter
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New AI & Web3 Gaming project: Sleepless AI
This might sound crazy, but hear me out.
Following the recent approval of the Bitcoin spot ETF, we observed a notable price momentum in BTC and other altcoins. However, it's not entirely convincing for the sustained bullish rally of BTC in the short term. Just a few days ago, BTC struggled to break the $44k level, but now the price is trending at $46k. From a technical analysis perspective, BTC needs to surpass the $47.3k resistance in both daily and weekly timeframes to reach the $52K target.
Looking at the USDT.D (USDT Dominance), it's evident that it has well-maintained a support level of 5%. With the RSI in the oversold zone, there's a compelling possibility of a significant bounce in USDT Dominance, indicating a potential correction in the crypto market.
It will be interesting to observe whether the USDT Dominance breaks down and closes below the 5% support level.
As someone wisely said, "Always prepare for the worst."
Regards,
Team Dexter.
#USDTUpdate #cryptocurrecny
Following the recent approval of the Bitcoin spot ETF, we observed a notable price momentum in BTC and other altcoins. However, it's not entirely convincing for the sustained bullish rally of BTC in the short term. Just a few days ago, BTC struggled to break the $44k level, but now the price is trending at $46k. From a technical analysis perspective, BTC needs to surpass the $47.3k resistance in both daily and weekly timeframes to reach the $52K target.
Looking at the USDT.D (USDT Dominance), it's evident that it has well-maintained a support level of 5%. With the RSI in the oversold zone, there's a compelling possibility of a significant bounce in USDT Dominance, indicating a potential correction in the crypto market.
It will be interesting to observe whether the USDT Dominance breaks down and closes below the 5% support level.
As someone wisely said, "Always prepare for the worst."
Regards,
Team Dexter.
#USDTUpdate #cryptocurrecny
LIVELIVEDexter
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Bitcoin Spot ETF finally approved. Here's what might happen next.
The SEC has finally approved the BTC spot ETF. What's next? Stay tuned for the next update.
#BitcoinETF💰💰💰
#BitcoinETF💰💰💰
LIVELIVELIVEDexter
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BORK, the BONK Killer!
BTC Update:
In this 4-hour timeframe, BTC has rejected the $44.2k resistance nearly 8 times, currently ranging between $43.5k to $44.2k. With the ETF approval approaching soon, BTC can move in any direction. As of now, we are not taking any leverage trades and keeping tight SL to our existing positions. DYOR.
Regards,
Team Dexter.
In this 4-hour timeframe, BTC has rejected the $44.2k resistance nearly 8 times, currently ranging between $43.5k to $44.2k. With the ETF approval approaching soon, BTC can move in any direction. As of now, we are not taking any leverage trades and keeping tight SL to our existing positions. DYOR.
Regards,
Team Dexter.
LIVEBTC dropped -10% in the last 8 hours. This dump liquidated many long positions in the market. Currently, BTC is holding the $42K support and it will be quite interesting to see how the next candle will be. With an hour left for the candle to close, I am expecting BTC to hold the $42K support level and make an attempt to reach the $44k resistance level once again.
What's your take on this? Feel free to comment.
Regards,
Team Dexter.
#BTC!💰 #BitcoinETFs!
What's your take on this? Feel free to comment.
Regards,
Team Dexter.
#BTC!💰 #BitcoinETFs!
