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WIF
FINALLY HIT TP!! ๐ฅ๐ฅ๐๐
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BTC reached support??? Yesterday's trend showed a fluctuating upward movement, with an overall range increase of around 2000 points until midnight, though interim pullbacks were strong at 1000 points in just minutes. Both long and short positions were profitable by capitalizing on range trading profits. From the hourly chart, it appears only a short-term fluctuation adjustment is completed, with the key level to watch at 58600 as the reversal pivot point. Avoid chasing long positions for now due to volume and moving average weakness, indicating significant resistance above. Trading suggestions include shorting around 58300 with targets at 57350/56850 and a 600-point stop loss, then seeking low-level long positions for a thousand-point rebound. #BTC_Bounce_Back_to_57k #BinanceTurns7 #BinanceTournament #BTCโ #Write2Earn!
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You guys account still doing great? Yesterday, Bitcoin's market trend was weak, with a morning rebound to around 60,500 followed by a drop to a low of 56,750 before rebounding again, currently stabilizing around 58,450. Shorting strategies proposed for both morning and evening sessions proved successful. Technically, the four-hour chart shows downward-trending Bollinger Bands, indicating ongoing weakness despite some rebound. The recommendation is to short around 59,600-58,600 and target 57,300-56,800 for short term, target 53,000 for long term, switching to long positions if the downward trend doesn't continue, with an 800-point stop-loss based on position size. #US_Job_Market_Slowdown #MtGoxJulyRepayments #BinanceSquareFamily #Write2Earn! #BTCโ
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BTC WHERE TO GO?? After more than three months of continuous market shakeout, negative sentiment has accumulated to a critical point. These emotions stem primarily from the following factors: Many people expect a bull market to be a straight upward journey, hoping to see continuous gains without any fluctuations. There is a common fantasy of being able to buy at every market low and sell at the high, achieving perfect swing trades. Even in a bull market, long-term asset holding is a challenge for many investors. Some find it difficult to endure even short-term holdings. However, these phenomena reveal a market principle: in a bull market, only about 10-20% of people can actually achieve profits. The reason these people can successfully make money is that they can hold on until the final stages of the bull market. $BTC #CryptoTradingGuide #BTCFOMCWatch #BTCโ #BinanceSquareFamily #Write2Earn!
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Anyone follow??????? #BTCFOMCWatch #BinanceSquareFamily #Write2Earn! #BTCโ
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SEE YOU AT $60000 BUDDY! The Bitcoin seller risk ratio has reached a certain level, indicating that it is time for the market to take action. Everyone who was going to profit has already done so, and the same goes for losses. The market now needs to find a new price range to ignite the flames of fear, greed, panic, or excitement. Additionally, Bitcoin spot-futures arbitrage trading is likely nearing its limit. A few weeks ago, traders could secure an almost risk-free annualized premium of 10% by going long on spot and short on futures. Technically, considering both sides incur fees, the annualized premium rate was 5%. Now, it has dropped to 6% (technically 3%), which is below the risk-free rate of cash equivalents. #BinanceTournament #BTCโ #BinanceSquareFamily #Write2Earn! #Bitcoinโ $BTC
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