Perfect bounce from key support area between $67,000 and $68,000. 📉
If BTC breaks below $67,000, the next support is $63,000 - $64,000. For now, $67,000 remains the critical level to watch.
Bitcoin remains neutral in the short term, fluctuating between support and resistance ($67,000–$71,000). Expect more choppy sideways action, as predicted.
🔸 Bitcoin's price is lingering around a critical support zone between $67,000 and $68,000. 🔸 No daily candle close below $67,000 yet, suggesting the support is holding. 🔸 Potential for a bounce if this support holds; however, a confirmed break below $67,000 with a daily close could lead to a retracement to the $63,000 - $64,000 area. 🔸 Bulls must hold above $67,000 to maintain short-term stability. 🔸 A break below $67,000 will shift the short-term outlook to bearish. 🔸 Resistance remains at $72,000 - $74,000.
$AXL is breaking out this Falling Wedge Pattern and RSI is also showing bullish divergence.
Entry Point: Start accumulating once the price exceeds $0.97.
Targets:
Midterm Goal: 60% increase Long Term Goal: 170% increase Trading Options: AXL is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.78.
About $AXL
Axelar aims to provide secure cross-chain communication for Web3. This project offers a decentralized network and a suite of tools to assist developers of decentralized applications (dApps) in achieving seamless cross-chain interactions via its protocols, tools, and APIs.
$PIXEL Breakout this falling wedge pattern and currently retesting it.
Entry: accumulate above $0.39 Target: Midterm target 50% long term target 200%
This coin is available in both spot and futures. You can buy it on the spot, or if you want to long it on futures, you can do so with a stop-loss at $0.35.
ABOUT $PIXEL
Pixels is a social casual web3 game on the Ronin Network, featuring an engaging open-world experience centered on farming, exploration, and creation. DYOR, NAF
#Bitcoin liquidation heat map: Over the last day, we took out a bit of downside liquidity with a short-term pullback caused by recent news. However, suppose we zoom out to a slightly larger timeframe on the liquidation map. In that case, we can still see a lot of liquidity to the upside, mainly sitting at around $70.7K and going up towards approximately $71,000. Since the short-term pullback over the last day, many new short positions have opened up, with a liquidation price around $71,000. This means it is quite likely that the price could return to those levels sometime soon. Once the price eventually crosses above $71,000 again, it will liquidate hundreds of millions of dollars in short positions, potentially causing a short squeeze to the upside.
Mark Karpeles, the former CEO of Mt. Gox, stated that the trustee is moving bitcoins to a different wallet in preparation for distributions likely happening later this year. There is no imminent sale of bitcoins; this movement is just for preparation. The current repayment deadline is October, though it has been delayed multiple times before and could be delayed again. When the distributions occur, potentially around October, some bitcoins might be sold on the market. Recent bitcoin movements caused a brief price drop, but these are not distributions, just transfers.
Yesterday, billions of dollars worth of #Bitcoin moved from the Mt. Gox Bitcoin Trust wallet, causing a drop in Bitcoin's price. Mt. Gox, once the largest Bitcoin exchange, collapsed years ago, and creditors have been waiting to get their Bitcoin back. The Trust holds over 100,000 Bitcoins, which will be returned to creditors soon, potentially flooding the market.
The leading presidential candidate is explicitly stating that he will make America the leader in Bitcoin and cryptocurrency, while supporting the right to self-custody.
All the critics were wrong. The government won’t ban it; they’re embracing it.
#MYROUSDT Breakout this ascending triangle pattern, and currently it is coming to retest it. If it successfully retests this pattern, then we can expect a potential rally. Technically, as per the pattern, we can expect almost a 60% bounce.
Entry: CMP and add more up to $0.203 SL: $0.191 Leverage: 2X to 5X
To clarify, this is only the 19b-4 approval. The S-1 documents still need to be approved, which will take additional time. We anticipate that this process will take a couple of weeks, but it could take longer. We expect to have more information within a week or so.
The liquidation map shows some liquidity to the upside at around $72,000. However, we are now starting to see more liquidity to the downside, mainly between approximately $65,500 and $65,800. Keep this in mind, as it is possible in the short term that we could touch this liquidity zone and then potentially bounce, or we might continue lower.
It is quite likely that we could reach that level before choosing the next direction. Ultimately, if we do not confirm a break to the downside below $67,000 with candle closes below that level—for example, if we just see a wick to the downside and a quick bounce back up—then we could still be looking more bullish in the short term.