The price has achieved negative divergence on the weekly chart. As you can see, the bearish rising pattern will begin to dominate the declines soon. You mentioned that even if there are no sales, the maximum level you will see is 55-56.
As of today Bitcoin will be horizontal to increasing buyers of altcoins! ALTCOIN RISE COULD START AT ANY TIME! We can see gains of between 20-30% in one candle! Therefore, those who are thinking of opening a SHORT trade should think 10 times
According to the model shown in the drawing, we notice that it touched the lower trend 3 times and rebounded from them strongly
The decline will be completed soon, but we may see a false break of the pattern near $61,000 before rising, and this is the first scenario
Second scenario It is breaking the $60,000 area, and from there we must go to $58,000 again, but this is highly unlikely, but we are in the world of crypto and anything is possible, but if that happens, it will only be to break the oars and sift out the largest number of traders.
We monitor the market moment by moment and make sure that we never lose sight of the market
Just your support and interaction with our posts is important to us
Analysis of#Bitcoinholdings over the course of 4 hours,
The 4 Hour Domination Show is an irregular OBO show.
Dom seems to have reached saturation level. We are trying to complete the right shoulder movement of the OBO frame. Dom can rise until Max reaches the green square and then we will see a downward attack.
So what happens when #Bitcoin's dominance falls?
The decline in dominance shows us that the market cap rate of#Bitcoindominance has decreased, this shows us that altcoins will breathe or may make upward movements in the coming period.
According to previous analyzes of Bitcoin over the past month and more than 10 recordings of the market analysis, all of them were positive.
Our expectations are always before every action in the market, regardless of the news and the extent of its impact on Bitcoin
But we are still at the support point of $66,500, which always proves its strength and the inability to break it and make a direct rebound, especially in the last period.
Today we are at the same support, and according to the model, we are at the end of the drawn triangle, and we hope to bounce back from this support and not break it.
The strongest justification of all, away from news and rumors and their influence, is that we are at the level of the cost of Bitcoin mining, which is $66,500, so any decline from these areas represents a strong entry into the market and an increase in our deals and the purchase of more of our currencies.
We monitor the market moment by moment and make sure that we never lose sight of the market
Just your support and interaction with our posts is important to us
After a strong direct rise, it began to decline until it reached its strongest support
Suitable for entering Spot and Future with small amounts, leverages not exceeding 10x
🪩BUY HIGH / USDT SPOT MEDIUM 🪩
🔑 ENTRY 3.55
TARGETS: ➡️3.65 ➡️3.89 ➡️4.50 ➡️5.30 ➡️6.77 Stop ❌ 2.99 Close of a 4-hour candle Your entry and exit are your sole responsibility #TopCoinsJune2024 $BTC
TARGETS: ➡️0.50 ➡️0.54 ➡️0.60 ➡️0.75 ➡️1.20 Stop ❌ 0.42 Close of 4-hour candle Your entry and exit are your sole responsibility #StartInvestingInCrypto #Binance #BTC
After liquidity was withdrawn several times from the green box
Currently, Bitcoin has given bullish targets on the hourly frame
Our goal is currently to break the price of 70,000 ✅ and try to settle above area C
The analysis fails if regions are broken 66.289 ✅ 66.032 ✅
✅ Total 3 achieved bearish targets and excellent liquidity withdrawal
✅ The acquisition broke an upward trend and tested golden areas to return the decline
✅The result will be positive for currencies, and good liquidity will be pumped into them during the next rise $BTC #EarnFreeCrypto2024 #Binance #bitcoin #
It is clear that there is great weakness in the market and the inability to penetrate the $71,000 area. Whenever it approaches it, it moves downward, and we see a drop to the $68,000 areas. If this weakness continues, our next stop will be $65,000 for Bitcoin.
However However, the market's movement above $66,000 makes us safe, and the rise is closer to reaching than the fall
The worst scenario is reaching the 64 area, as shown in the drawing, and there will be a strong rebound that exceeds the historical peak of Bitcoin.
The best scenario is a rebound from the current area and a direct penetration of the $71,500 area for Bitcoin
Personal opinion We must be cautious as long as there are no positive signs in the market and weakness is clear in general But alternative currencies are trying to break through soon and break out of the current support
The red box + green trend has been hacked Purchase liquidity is increasing. Now it is forbidden to close under $65,000 $BTC #MemeWatch2024 #Binance #bitcoin #BTC