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Bitcoin's volatility has reached its highest level in 20 months. Morgan Stanley is advising its wealthier clients to consider Bitcoin ETFs, and there's a lot of good news coming in. However, Bitcoin still appears to be in a downtrend. If BTC can maintain its position between $54,000 and $58,000 for a week, we might see it cross $60,000 next week. But for now, you can consider shorting Bitcoin at $57,000 and closing the position around $55,000-$54,000. $BTC #MarketDownturn #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS #SOFR_Spike #BinanceHODLerBANANA
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People often wonder when the next altseason will start, but we are far from it. I've witnessed two major bull runs, and the one in 2017-2018 was exceptional. During that period, there were fewer coins, and most of them were traded in Bitcoin pairs. Futures trading wasn't as prevalent, and nearly everything was surging at the same time. What we're experiencing now isn't a true altseason; it's more of a capital rotation. Investors are shifting from one narrative to another. We've seen Solana and SOL tokens rise, followed by a few other coins making significant moves. Now, AI-related tokens are gaining attention. I believe this trend will continue, but I doubt we'll see a return to the kind of altseason we had in 2017-2018. To succeed, you need to do the hard work to identify the next strong narrative. Otherwise, many will be left waiting for their altcoins to rally. #altsesaon #BTC☀ #BinanceSquareFamily #ETHETFsApproved #BnbAth
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The reasons behind this crypto market dump 👇 The Nikkei 225 index in Japan dropped by 7%, continuing the previous week's sell-off. 🇯🇵 Japan is facing its most significant stock market downturn since 1987. 🇮🇷 🇮🇱Iran has issued a statement indicating that an attack on Israel could happen unexpectedly. There are growing concerns about a recession, as the US unemployment rate has risen to 4.30%, up from 4.10% last month. Bitcoin’s value plunged dramatically, decreasing from $70,000 to $52,000 in just one week. #BTC_MarketPanic_Dip #ETH_ETFs_Approval_Predictions #BinanceHODLerBANANA #Babylon_Mainnet_Launch #US_Job_Market_Slowdown
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I remember a few days ago when I predicted Bitcoin would return to 48k, many people commented daily saying it would cross 80-100k this month. They had no idea how the market actually works and thought it moved based on patterns in the charts. But that's not the case. The deep truth is that the market always moves according to news; it is the news that decides whether the market will go up or down. News creates buying and selling pressure, and price manipulation is determined by fear and greed. So, today's lesson is always to keep your eyes on the news. #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS
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The predicted market crash is now upon us! A major downturn is imminent as BTC falls below the critical support level of $59.3K. Two potential outcomes are on the horizon: 1. BTC continues its downward trajectory, potentially dropping to the next significant support level at $47K. 2. BTC sees a brief recovery before sharply declining again to $59.3K for a retest. The markets are heading towards a significant downturn! Immediate support is crucial! #ETHETFsApproved #BinanceHODLerBANANA #Babylon_Mainnet_Launch
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