LIVE#BTC Effective Analysis
$BTC has been rejected from the horizontal resistance and is currently holding above the trendline support of the ascending triangle.
The 100-day moving average (MA 100) is acting as support.
A bounce from this level and a solid breakout of the triangle would confirm bullish sentiment, while a sustained breakdown of the triangle would confirm bearish sentiment.
BTC fell to a low of $65,086, a 24-hour drop of 4.57%. ETH once fell below $3,200, down 8.12% in 24h. SOL fell below $150, with a 24-hour drop of 12.68%, WIF dropped 24.1% and PEPE dropped 20.3%. The entire network liquidated $829 million in the past 12h, of which $785 million was liquidated for long orders
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"Disclaimer:
This post is for educational purposes only and I am not your financial adviser. It is not financial advice. Please always conduct your own research and analysis before investing in any cryptocurrency or relying on the information provided. The content is based on data available as of [current date], and market conditions may change rapidly. Invest wisely and consider your risk tolerance before making any investment decisions.
