62k and 61k are an imported zone and there is only one bad n | Hamza Ikram on Binance Square

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62k and 61k are an imported zone and there is only one bad news that can break it otherwise BTC will not go down.
#BTC🔥🔥🔥🔥🔥 #TrendingPredictions #write2earn🌐💹 

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The recent liquidation of over $100 million in leveraged Bitcoin positions indicates significant market volatility. This could be a critical moment for both long-term investors and short-term traders. Here's why: 1. **Market Volatility**: With the price of Bitcoin dropping from $62,000 on July 2 to a low of $57,043 on July 4, the market is demonstrating high volatility. This could present both risks and opportunities for traders. 2. **Long-term Perspective**: For those with a long-term investment strategy, this dip might be a good buying opportunity, considering the potential for future recovery. However, caution is advised as the market could drop further. 3. **Short-term Trading**: Traders should manage risk carefully with tight stop-loss orders given the unstable market conditions. Leveraged positions should be handled with extra caution to avoid substantial losses. 4. **Market Sentiment and Panic Selling**: It's crucial to monitor the behavior of ETF investors and overall market sentiment. Increased panic selling could drive prices down further, while stabilization could signal a recovery. 5. **Technical and Fundamental Analysis**: Utilizing technical indicators like support and resistance levels, moving averages, and RSI, along with staying updated on fundamental factors like regulatory news and adoption rates, can aid in making informed decisions. In conclusion, both spot and futures traders need to approach the current market with a well-thought-out strategy and robust risk management. $BTC #BTC☀

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$100M Bitcoin Liquidated as BTC Drops: Will ETF Investors Panic Sell?

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The market capitalization of Bitcoin surpasses that of the three largest banks in the world combined: - **Bitcoin:** $1.37 trillion - **JPMorgan Chase:** $574 billion - **Bank of America:** $311 billion - **Industrial and Commercial Bank of China (ICBC):** $268 billion When added together, the market cap of these top three banks is $1.153 trillion, which is less than Bitcoin's market cap. #marketcap #BTC☀ #Write2Earn!

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Finishing my Friday with a podcast recording... Any ideas which one it could be? 👀 Stay tuned!

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