The drop is hereeeeee, we’ve reached a resistance! 👀👀 #btc | Kriptoloji on Binance Square

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The drop is hereeeeee, we’ve reached a resistance! 👀👀 #btcdom  $BTC 

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$ARKM In the daily chart, the price is finding support around 1$ and attempting to break out of the falling wedge pattern. If this formation breaks upward, the first target could be the 1.80$ level, followed by resistance zones at 2.20 $ and 2.6$. However, if the price faces downward pressure again and loses the 1 $ support, there is a risk of further decline to lower levels. The breakout direction will become clearer in the coming days based on price movements. #MicroStrategyAcquiresBTC

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Let’s talk about the market! Just when we thought $ETH was coming to life, we got caught in a fakeout. A breakout had occurred, but it failed to hold. We’re back inside the wedge. ETH is getting very tight, and a breakout is becoming inevitable. The key resistance zone for Ethereum is around $3,520, and it needs to establish stability above this level. Wishing everyone profitable trades! 💐 #MicroStrategyAcquiresBTC $BTC

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#SEC approved combined $BTC and $ETH ETFs.

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Good evening, everyone! Let’s take a look at the #Bitcoin chart today. After yesterday’s Fed meeting, Powell didn’t speak negatively, which eased some of the market’s concerns. However, he didn’t provide any clear guidance and spoke in general terms. $BTC managed to recover after shaking off the Fed-related uncertainty. Currently, it is trading above the 104.4K resistance level. Another important thing for us is that $ETH has finally remembered its strength. If the wedge breakout happens, we could see a recovery. Wishing you all profitable trades! 💐

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#FED Released Interest Rates Today, the FED held its meeting and decided to release interest rates. However, the market was expecting the rates to remain unchanged. Following this decision, all eyes are now on FED Chair Jerome Powell’s statements, which will be a key factor in determining the direction of Bitcoin and the overall crypto market. Bitcoin’s Sideways Movement and Market Dynamics Bitcoin has been moving sideways around the $100,000 level for nearly two weeks. Despite Coinbase initiating spot sales last week, no significant recovery has been observed in the spot market. On the other hand, whale activity in the futures market remains in positive territory. Notably, since the $89,000 liquidations were cleared, whales have continued to maintain a positive stance in the futures market. However, the prolonged sideways price action has led to a substantial accumulation of liquidation levels. Currently: 🔹 Long liquidations are heavily concentrated in the $98,000 - $95,000 range. 🔸 Short liquidations are clustered in the $107,000 - $110,000 range. Potential Market Reactions to FED Announcements Following the FED’s decision to release interest rates, market direction will largely depend on Powell’s statements. • If Powell’s remarks are negative, Bitcoin may experience a pullback toward the long liquidation zones ($98,000 - $95,000). • If Powell’s comments are positive, Bitcoin is likely to move toward the short liquidation zones ($107,000 - $110,000). In conclusion, a strong catalyst is needed to break Bitcoin’s recent sideways trend, and Powell’s statements will likely be the decisive factor. It is crucial to closely monitor market reactions today.$BTC

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