Binance Square
LIVE
LIVE
BitcoinNews
Bearish
--ใƒป13 views
#BTC ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ #Dump (there is still hope, but the dump is inevitable) Friends as you can see Bitcoin has consolidated in the "$71000-$73000" Zone, which means that there is a harvest of buyers positions. But the bulls don't have much strength to continue rising, so breaking through each next level up will be as hard as my life. In return, each trip down will be a sharp and painful blow to your balls. Nevertheless it is possible, as I said earlier any localized growth now is a "Bull Trap". So be vigilant and don't get caught in it. Let the growth hype do not make your head spin, and patience will not let you make a mistake. And may the Fomo be with you! #BTC #Bitcoin #Binance $BTC

#BTC ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

#Dump

(there is still hope, but the dump is

inevitable) Friends as you can see Bitcoin

has consolidated in the "$71000-$73000"

Zone, which means that there is a harvest

of buyers positions. But the bulls don't

have much strength to continue rising, so

breaking through each next level up will be

as hard as my life. In return, each trip

down will be a sharp and painful blow to

your balls. Nevertheless it is possible, as I

said earlier any localized growth now is a

"Bull Trap". So be vigilant and don't get

caught in it. Let the growth hype do not

make your head spin, and patience will not

let you make a mistake. And may the Fomo

be with you!

#BTC #Bitcoin #Binance $BTC

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
0
Relevant Creator
LIVE
@Bitcoinnews1

Explore More From Creator

Why did Bitcoin and Altcoins Crash ? The last 24 hours were brutal for the crypto market as BTC crashed below $60k while alts crashed 30%-50%. The primary reason behind this crash was the Iran drone attack on Israel. During a war, commodities like oil and gold rise in value, which results in high inflation. High inflation means no rate cuts, which is bearish for stocks and crypto. This is why crypto sold off heavily yesterday, as people anticipated that this war could lead to high inflation, which would result in no rate cuts. Once BTC and alts started crashing, those who had high leverage positions open started getting liquidated, which resulted in more forced selling. Something similar happened during Covid in March 2020, Russia Ukraine war when the market panic sold and then rebounded within a month As per some media sites, Iran already made their allies aware in advance This means that the cartel were already ready for this dump They just waited till the weekend as there was loW volume and then crashed the market After market started panic selling, they y bought the dip as usual which resulted in a quick bounce The lesson here is to avoid leveraged trades and keep your portfolio in spot. This is the best way to maximize your gains while keeping your risks toa minimum. Right now, BTC is trading above $63k with a strong support at $60k level If $60k level don't hold, there is a strong support level at $56k - $58k where most of the new whales (ETF buyers) have bought their BTC Keep in mind that after every black swan event, the crypto market has witnessed parabolic runs and the same will happen this time too Hit like if you found this helpful
--
Sitemap
Cookie Preferences
Platform T&Cs