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Real_coin_collector
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AR
/USDT printed the falling wedge on daily timeframe👀
Full send if we do break out🚀
#CryptoMarketMoves
#BTC☀
#forcoin
#ARUSDT
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$BTC Bitcoin Analysis: Bearish Momentum Gaining Ground Bitcoin's recent candlestick pattern reveals a strong bearish sentiment in the market, supported by recent price action. The latest red candle indicates significant selling pressure, driving the price lower and closing much lower than its predecessors, signaling that bears have gained control and are pushing the market down. A Clear Shift in Momentum The previous few candles presented a mix of red and green, marked by longer wicks on both sides, showing indecision in the market. These wicks suggested that buyers tried to push the price higher but faced resistance. However, sellers now appear to have taken control, as evidenced by the larger red candles. Bearish Engulfing Pattern: A Key Signal Before the current candle, a notable bearish engulfing pattern emerged—a strong indicator of trend reversal. This larger red candle fully engulfed the prior green candle, illustrating how sellers overpowered buyers and shifted the momentum downward. Traders often regard such patterns as a clear warning of further downside. Consistent Downward Pressure In recent hours, the appearance of multiple red candles points to continued selling pressure, with each candle closing lower than the one before. This is a textbook sign of a downtrend, reinforced by the formation of lower highs and lower lows. The upper wicks on several candles show that despite attempts to push higher, the price faced consistent rejection from sellers. Conclusion: Bears in Control Overall, the current candlestick analysis reveals a market dominated by bearish sentiment. If this trend persists, we may see further declines, especially as support levels come into play. Traders should watch these levels closely for potential reversals or signs of stabilization. The chart suggests that sellers are in control, and caution is warranted moving forward ⏩
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Bull Market in Bitcoin: A Potential Surge in the Coming Months
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$BTC Bitcoin: Poised for a Major Breakout or Deviation? Bitcoin has once again captivated the market as it approaches critical levels, with its recent price action providing plenty of excitement and intrigue. Currently holding a solid 4-hour support at $66.8k, Bitcoin’s next move will be pivotal in determining its short-term trend. For the first time, we’ve seen a 4-hour candle close above the crucial $67.8k resistance, a level that traders and analysts alike have been closely monitoring. The significance of this price action cannot be overstated. A confirmed breakout above $67.8k could pave the way for a rally toward the next resistance at $69.2k, a level that hasn’t been touched in a while. However, the current 4-hour candle will be crucial in determining whether this is indeed a breakout or just a deviation. If Bitcoin closes back under $67.8k, it could signal a temporary pullback, leaving traders cautious for a potential consolidation phase. Critical Levels to Watch Support at $66.8k: Bitcoin has shown strength holding this level, and it represents a key area of interest for any potential retest. A move below this zone would attract the attention of buyers looking for an opportunity to enter the market at a more favorable price point. This makes $66.8k the prime buying zone for those anticipating another upward push. $67.8k Resistance: Now that Bitcoin has closed above this resistance for the first time, it’s crucial to watch how the current candle plays out. A sustained close above $67.8k would signify strength and confirm a bullish breakout. Failing to hold above it could mean the breakout was false, leading to a retracement. Next Target $69.2k: Should Bitcoin confirm the breakout, the next target lies at $69.2k. A push toward this level would bring Bitcoin closer to new highs, igniting further momentum and excitement in the market.
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