BTC analysis June 10, 2024
W frame:

The week's closing candlestick remained stable, creating the foundation for the next growth period.
Frame D:

Currently in the pullback phase after surpassing the 69k area.
If you close 1-2 D candles above 69k6 this week, there will likely be a strong increase.
The short-term target is the 69k8 area.
Frame H1:

The price range narrows in the Bollinger Band channel.
Long-term goals can touch 2 black lines (important ERL).
Dom:

Chart D is forming a descending triangle.
There is a high possibility that it will retest the 54.55% resistance area before increasing again.
General perception:

The market still has growth potential in the short term.
Altcoins may have a short-term uptrend.

"Be patient and accumulate Bitcoin. Time will prove its worth."

Note:

This analysis is for reference only, not investment advice.
You should research and evaluate the market yourself before making an investment decision. #TopCoinsJune2024 #binance #btc #bnb #STORJ

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Bitcoin (BTC) Analysis - June 8, 2024

Chart:

Frame H1, M15: The rising wave structure has broken, the price is finding lower support.
Support zone: 683xx is supporting the price of BTC.
Dominance (dom): High, shows that Altcoin is dumping strongly.
Trend:

Short term: You should only buy/sell BTC, Altcoin should wait for clearer signals.
Reason: The market needs time to recover after each dump to form a new trend.
"Bitcoin is still in an uptrend, just correcting. Be patient and don't panic!"
Note:
This analysis is for reference only, not investment advice.
You should do your own research and make your own investment decisions.
Besides:

A number of other technical indicators can be used to support analysis, such as RSI, MACD, Ichimoku Cloud,...
Following news and events related to Bitcoin and the cryptocurrency market is also important#TopCoinsJune2024 #binance #btc #bitcoin

Bitcoin (BTC) Analysis - June 7, 2024

Price chart:

Current price: $71,450
Trading volume: $26 billion
Market capitalization: $1.2 trillion
24-hour volatility: -0.75%
Trend:

**short term:** The chart shows the sideway trend over the past 24 hours.
Long-term: The trend is up over the longer time frame, with a 68.53% gain since the beginning of 2024.
Event:

19:30: US Non-Farm Payroll news will be announced. This is an important economic indicator that can influence the price of Bitcoin.
Forecast:

Short-term: It is difficult to accurately predict the direction of Bitcoin price in the short term due to the influence of Non-Farm Payroll news. However, with the current sideways trend, there is a high possibility that the price will continue to fluctuate slightly in the range of $70,000 - $72,000 until there is news.
Long-term: The uptrend is expected to continue in the long term, with a potential target of $144,567 by April 2024, the time of the Bitcoin Halving event.
Personal opinion:

Predicting Bitcoin price is always risky and nothing is certain. Therefore, you should do your own research and make your own investment decisions.

However, based on the above analysis, I think there is a possibility of a Dump - Pump occurring after the Non-Farm Payroll news is announced.

Note:

This is just a personal opinion, not investment advice.
You should be responsible for your own investment decisions.#binance #StartInvestingInCrypto #btc #bitcoin

Bitcoin (BTC) Analysis - June 6, 2024 - Hot update!

Daily Chart:

Trend: Up
Pattern: Chain of bullish candles
Price: Touching 71,900 USD
H1 chart:

Plan: Test around 70.5xx USD and bounce
Support level: 70.5xx USD (temporarily holding and holding)
Trend: Continue uptrend and Long Altcoin
Update:

BTC closed the next green candle on the Daily chart, forming a bullish candlestick chain.
H1 behaved as expected, testing around 70.5xx USD and rebounding.
The support level of 70.5xx USD is still holding.
Conclude:

Long BTC and Altcoin opportunities continue in the short term.
However, it is necessary to closely monitor the market and manage risks appropriately.
Shocking statement BTC update:

"Bitcoin is about to break out of its containment zone and head towards a new ATH! Hurry and get on board before it's late!"

Note:

This analysis is for reference only, not investment advice.
The cryptocurrency market is highly volatile, so you should do your own research and make your own investment decisions.
Don't forget to manage risks to protect your assets.
Wish you good luck and success! #StartInvestingInCrypto #binance #bnb #btc $BNB

Bitcoin (BTC) Analysis - June 5, 2024 - Latest update

H1 chart:

Trend: Up
RSI indicator: Divergence
Location: Located in the supply area
Forecast:

There will likely be a slight pullback to correct around the 705-706 level.
Then, look for opportunities to buy (Long) and at the same time Long Altcoins (cryptocurrencies that replace Bitcoin).
Reason:

RSI divergence in H1 shows weakening buying power.
The current position is in the supply zone - where selling pressure may occur.
However:

If Dom (Bitcoin's market dominance rate) increases with BTC, the chance of going Long will be higher.
Some potential Altcoins to Long: #Ordi, #Sats,
BTC update:
"Buy Bitcoin while it's cheap. Don't wait until it gets too expensive."
Note:
This analysis is for reference only, not investment advice.
The cryptocurrency market is highly volatile, so you should do your own research and make your own investment decisions.
Good luck! #StartInvestingInCrypto #binance #btc #Web3

Bitcoin (BTC) Analysis - June 4, 2024

Daily Chart:

BTC is in a long-term sideway trend with a amplitude of nearly 100 days.
Currently, the price is sideways in a smaller range from 66.2k to 71.5k, within the previous bullish motherbar candle.
The market needs a strong push to escape this sideway trend.
Trend:

The main trend is still up.
Opportunity: Watch to set up frame m15 to buy when the price breaks out of the sideway range.

"Bitcoin is the future of money. Grab the opportunity before it gets too expensive."

Note:

This analysis is for reference only, not investment advice.
The cryptocurrency market is highly volatile, so you should do your own research and make your own investment decisions.
Update more

Some important news that may affect BTC price in the near future:

The 4th Bitcoin halving event is expected to take place in April 2024.
Governments are increasingly interested in regulating cryptocurrencies.
Bitcoin adoption in payments and e-commerce is growing.
You should follow Bitcoin-related news and events to stay up to date with the latest information.

Wishing you success in investing! #StartInvestingInCrypto #binance #btc #bnb #Web3

Bitcoin (BTC) Analysis - June 3, 2024

Month chart (M):

BTC is swinging around the price at the old peak after the halving event.
Bullish trend predicted for BTC in June.
Daily Chart:

BTC is having the necessary correction with the expected price around 66,000 USD. This is a buying opportunity for both BTC and Altcoins.
BTC Dominance chart:

On Weekly and Daily, BTC Dominance has had a corrective rhythm.
The pattern of 2 peaks + broken trendline formed.
BTC Dominance is trading interactively at the 54.1% horizontal support zone.
If BTC Dominance breaks below 54.1% and closes the candle below this zone, the altcoin will have the advantage.

"Buy when others are fearful, and sell when others are greedy." - Warren Buffett

Analysis:

This quote from Warren Buffett is valuable investment advice. When the market panics and everyone sells, it's an opportunity to buy cheap. On the contrary, when the market is excited and people are buying massively, that is the time to be cautious and consider selling.

Advice:

Investors should monitor the charts and indicators of both BTC and Altcoins.
You should buy BTC and Altcoin when the price is in the support zone.
It is necessary to manage capital properly and comply with investment discipline.
You should sell some BTC and Altcoin when the market is too excited.
Besides:

It is recommended to diversify your investment portfolio by investing in both BTC and Altcoins.
You need to carefully research information before investing in any cryptocurrency.
Do not invest money that you cannot afford to lose.
Good luck! A#StartInvestingInCrypto #binance #bitcoin #BNBToken

Bitcoin (BTC) Analysis - June 2, 2024

Daily Chart:

BTC has formed the second consecutive series of bearish candles. This is a signal that BTC's decline may be continuing.
BTC price is likely to find the important support zone (KC-HT) below. This support zone is around 65,660 USD.
If BTC breaks this support zone, the downward momentum may continue to deepen.
Psychologically shocking statement:

"Be careful with strong nudges, they can be traps to attract FOMO investors."

Analysis:

This statement is intended to warn investors about sudden price spikes, which can be a sign of a bull trap. A bull trap occurs when the price suddenly increases, attracting investors to buy, then the price drops sharply, causing them to lose money.

Advice:

Investors should be careful with sudden price increases.
It is necessary to carefully analyze charts and indicators before making investment decisions.
Should manage capital properly and adhere to investment discipline.
Note:

This analysis is for reference only
Investors should take responsibility for their own investment decisions.
In addition, you can refer to other sources of information to have a more comprehensive view of the Bitcoin market.

Good luck! #StartInvestingInCrypto #binance #bitcoin #Web3

Bitcoin (BTC) Analysis - June 1, 2024 - #BTC

The BTC market is showing signs of short-term recovery:

The price is supported by the short-term bottom: The monthly candlestick chart shows a high possibility that June will have positive developments for BTC.
The H4 candle shows weak selling force: Yesterday's selling force was not strong enough to pull the price lower than the opening price and the highest of the 23h candle, showing a high possibility of recovery.
Short-term buying opportunity: The "Discount zone" (green zone) on frame M15 is a potential buying point.
Opportunity to buy altcoins: When BTC reaches the low price range, you can consider buying more altcoins to diversify your investment portfolio.

Advice:

Carefully monitor the market and only invest money that you can afford to risk losing.
You should allocate capital appropriately between BTC and altcoins to minimize risks.
Quotes that attract readers:

"June - Month of New Opportunities for Bitcoin and Altcoins!"

Note:

This analysis is for reference only, not investment advice.
Because the market fluctuates continuously, you should update the latest information before making investment decisions.
Wishing you a successful trading day!#StartInvestingInCrypto #binance #bitcoin #ethereum #EarnFreeCrypto2024

BTC update: Candle retreats after failed breakout attempt - Opportunity to sell when price reaches support zone?

As you can see, this morning Bitcoin had a promising breakout attempt when creating a new peak. However, the upward momentum was not maintained long term and the price has turned down sharply, currently trading below 68,000 USD.

Is this a sign that the short-term downtrend has returned?

Detailed analysis:

Price chart:
After the missed breakout, BTC formed a retreat candle with high liquidity, showing that selling pressure is increasing.
The price is currently trading below the critical support zone of $68,000.
Indicator:
MACD is showing a bearish divergence signal, reinforcing the possibility of a price decrease.
RSI is in the neutral zone, showing that the market lacks a clear trend.
Trading opportunities:

Provide:
Sell ​​bet: When the price returns and confirms the support zone of 68,000 USD.
Stop loss: Above the breakout peak area (about 70,000 USD).
Catch:
Buy bet: When the price has a clear reversal signal, such as a bullish engulfing candle forming or the MACD signal crossing above.
Stop loss: Below the strong support zone of 66,000 USD.
Note:

The cryptocurrency market is highly volatile and difficult to predict. Therefore, you need to always adhere to strict capital management principles and only trade with an amount of money that you can accept loss.
This analysis is for reference only, not investment advice.
Wish you luck! #EarnFreeCrypto2024 $BTC #binance #Web3

Bitcoin (BTC) Analysis - May 30, 2024

Current price:

Trading around 67.9xx - 68k.
Chart:

Form a triangle pattern with:
Bottom: 65.8xx - 66k.
Peak: 75.8k.
The price is currently testing resistance at the upper trendline of the triangle.
Analysis:

In case of Bull (increase):
Confirmed breakout:
Price needs to surpass and maintain above 68k (new peak).
Trading volume needs to increase to confirm bullish momentum.
Target increase:
71.6k: Fibo level 61.8% of the increase from 65.8xx - 75.8k.
75.8k: Latest historical peak.
Bear case (bearish):
Fail-Break:
Price fell and traded below 68k.
Reduction goal:
65.8xx - 66k: Bottom of the triangle pattern.
62.8k: 78.6% Fibo level of the increase from 65.8xx - 75.8k.
Note:
The cryptocurrency market is highly volatile and difficult to predict.
Investment discipline and careful risk management should be followed.
Conclude:

It is still too early to determine Bitcoin's next trend.
It is necessary to monitor prices and trading volume closely to make appropriate trading choices.
Disclaimer:

This analysis is for reference only, not investment advice.
Investors need to take responsibility for their own choices. #EarnFreeCrypto2024 #binance #btc #bnb #bitcoin