So far so good for #bitcoin , the German sell off is almost done , around 13.000 btc left to go, price had no impact which is good , but we have some resistance zones at 58.500$ and 60.000$ , let’s see from here how it goes

Fear and greed indicator for #Bitcoin is at similar lows since early 2023, even though btc is below $60,000 it seems 83% of holders are in the red. It sounds divergent Bullish I would say!

$58,200 the blocking zone for #bitcoin, it's good that we didn't drop below the Friday low, this means serious support at $54,000, on July 5 and 6, almost 80,000 bitcoins were withdrawn from the exchanges. I think bullish days are closer than we imagined!

Looking at Bitcoin Exchange liquidation map, you can understand why price action is here , until 54.000$ there are 1.5 billion dollar long positions, above until 58.500$ ( where we have daily 200 moving averages as resistance) there are 1.2 billion dollars in short positions! So market stay where the money are plentiful

Attention to #Bitcoin in the next hours, it is approaching the resistance, at $58,500 if it rejects from that area, at the moment we have 2 scenarios, double bottom (desirable!!!) or bear flag (we don't want). If the bear flag target is validated it is $50,250! Let's hope not

UPS, the German government also woke up hungry for €€€ and started selling #Bitcoin again, not much, but enough to attract attention! I don't worry anyone will buy #Bitcoin just the market will react! See what I posted this morning ⬇️

Bearish close for #bitcoin Weekley chart, right now in the next hours we might test the 1 hour resistance zones at 56.500$ and then go for liquidity down, around 500 million $ to be liquidated if we vist 53.700$ again !

There are big changes that now this is the bottom for crypto market, for many alts it is , would you wait first the price to grow to be all market green again and only then you will buy ? Or you buy the discount now ?

Gentlemen right now, doing 2X is super super easy with pretty much anything in the top 200 (no stables), a totally different perspective than March 2024

Projects at over 80% discount, they are chosen, projects that were on Binance Labs, here are some names #portal minus 90%, #pixel minus 82%, #aevo minus 85%
These are some examples.

We need to get above 58.000$ for bitcoin , do you know that #portal is almost 93% discount? Almost free

Attention #Bitcoin it is possible to retest yesterday's lows in the next 12/36 hours, I do not exclude the possibility of making new lows towards the $52,000 area. It's not a black swan, it's not a market crash 💥, there is still pressure from the sellers!

#Bitcoin is not in bear market, hard to believe but real, right now is only -25% below all time highs, and I am sure it will not stay to much this low! This weekend might be bumpy , it is possible to go even lower than yesterday, and after that a recovery pump! This is how I see things

Until now it was all about support zones , now the paradigm will change , it will be all about resistance zone, 60.000$ is the main recovery target , if this resistance zone rejects us , it will be a challenge

Market lost over 240 billion dollars in value in just 24 hours, second crash as big as FTX crash , if bitcoin close above 56.500$ today this will remain a huge daily squeeze

Good morning, math exercise, on the exchanges there are liquidating long positions of $300 million up to 46k and short positions of $14 billion up to 70k …. 47 times more free money for exchanges

At this moment the market structure has been altered, the massive support area from $55,000 has been lost! The next support area is between $52,700 and $50,000! MTGox and the German Government are apparently the ones putting significant pressure on the #Bitcoin price, it's obvious that the whales are interested in buying as cheaply as possible! In a very negative scenario, the price can reach the area of ​​$45,000

Not the end of the world! Not the last crash !
Dream about #bitcoin at 40k ? Sweet dreams! Not long ago we had bitcoin at 56k what happened after that ? Came back to 72k again , what will do now ? Same

In the last 130 days, the minimum reached by #bitcoin is 56,552 on April 30, we are approaching that area, as long as we are above we are ok, even safe I would say, if we go below, it matters for how long, a few hours, a day , it's ok, if we position ourselves for more than 1 week it's a problem.

This looks like a bear trap and a long squeeze, we are in the safe zone ! Not the first not the last drop !