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🚀 Bitcoin 4-Hour Analysis: What's Next for BTC? August 16, 2024 !! Support and Resistance Levels: 🔍 Bitcoin is currently finding immediate support around $57,000. On the flip side, major resistance is looming at $60,000, a level where the price was previously rejected. Will BTC break through, or will we see another pullback? RSI Insights: 📊 The Relative Strength Index (RSI) is hovering around 40, indicating weak momentum. Although not yet in the oversold zone, there's a subtle downward pressure. Could this signal more declines, or is a reversal on the horizon? MACD Crossover Alert: ⚠️ The MACD lines have crossed, with the orange line overtaking the blue—an indication of a bearish trend. Downward momentum seems to be dominating, but could we see a shift soon? Volume Analysis: 🔍 Volume remains stable, with no significant spikes suggesting sudden heavy buying or selling pressure. Is the market waiting for a trigger? Fundamental Factors at Play: 📰 Macroeconomic factors, such as inflation reports and FED policies, are currently impacting the crypto markets, contributing to short-term bearish pressure. Will these forces continue to weigh on BTC? ⏳ The Big Question: With downside pressure potentially increasing in the coming hours, the key is whether support at $57,000 holds. If it does, there’s a chance for an upward bounce—are you ready? ✅ Like ❤️ | 🗯️ Comment 💬 | ♻️ Follow 🔁 @KhannAmirr #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn #Write2Earn! #BinanceSquareFamily
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PATTERNS & STRUCTURE !! #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn
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Theta + Vegas !!
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NOW - Biden: "We gonna have a soft landing. My policies are working. Start writing that way, ok."
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8-8-8 biggest bull run loading… #BTC☀ #bitcoin☀️ $BTC #Write2Earn! #Marketsentimentstoday
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