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HEY WHALES .... "NEVER SELL YOUR
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*Bitcoin Market Update 𧧠$BTC 1. Bitcoin has finally broken above the yellow trendline it had been struggling to surpass for a while đ. 2. Although itâs still within a descending channel since the halving (marked by the purple line), it appears to be attempting a move toward the upper boundary of the channel again đ. 3. There were expectations of a further dip, but the fact that it moved above the trendline is highly positive đ. 4. While the U.S. stock market is showing a slightly different trajectory, Bitcoin is moving upwards alongside a 50bp rate cut from the Fed đž. 5. Recently, Bitcoin has been moving in tandem with Nasdaq, but for now, itâs essential to watch the channel retest đ. The channel retest is expected around 64K, and Bitcoin is currently hovering around 62.2K đ. 6. If Bitcoin breaks above the channel, we could be looking at a move towards 74K again, although itâs still a bit far off đ. 7.As seen before (like the rally on the left side of the chart), Bitcoin tends to make sudden upward moves. Be prepared for rapid changes đ. 8. Missing this phase could mean losing out on significant profits, so keep this in mind! đĄ Good luck to all crypto investors! đ
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â Sharing Recent Bitcoin Market Sentiment 1. The outlook isnât very promising. đ 2. The trend indicates a stronger downward momentum, with the weekly candlestick engulfing previous candles. đ 3. In this trend, the yellow trend line is breaking downward, currently around 57.5K. â ïž 4. In the long term, breaking through the green channel and surpassing the previous high are crucial, but these goals seem quite distant for now. đ 5. The prolonged downtrend and strong sideways movement are driving many investors away. đ 6. Personally, I consider 27K to be a critical level for Bitcoin, so Iâm not planning to touch it at this stage. đ« 7. Meanwhile, Altcoins continue to face an unrelenting downtrend. đ» 8. Holding cash seems to be the most appealing option at this moment. đ” Conclusion: I believe a time will come when crypto investors will find joy again, but it seems unlikely to happen anytime soon. Patience is key. đ Good luck to all crypto investors!
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â Analysis of Recent Bitcoin Chart Sentiment 1. The recent Bitcoin chart hinted at potential for significant volatility on the weekly timeframe đ 2. A major price movement, either upward or downward, was anticipated đ 3. However, contrary to technical expectations, the price action has been relatively muted, with small candles fluctuating between 58K and 61K đ 4. Despite this, Bitcoin is gradually trending upward, maintaining its position above the yellow trend line đ 5. Notably, reports indicate that futures positions are being liquidated even with minor price movements, suggesting that high-leverage traders are starting to recover đ€ 6. Overall, the market sentiment is positive, and the chart structure remains intact đ 7. The key point to watch is the breakout from the green channel, which could lead Bitcoin toward its previous high around 74K đ 8. Dividend Shark is eagerly waiting for the price to reach 74K đ Good luck to all crypto investors! đ
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This is the real-time Bitcoin weekly peak. đ #BTCâ $BTC $ETH This week's candle kicked off today, following the appearance of a large doji candle last week. đ„ Thanks to this, altcoins are also showing positive momentum and are slowly rising. đ A significant trend shift is expected after the huge doji candle, with optimism that the current market sentiment might become very bullish. đ Is Bitcoin really on the rise this time...? đ Good luck to all crypto investors! đ
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In the end, the value really dropped... đ $BTC Even so, it's still holding at 58.6k. đȘ @dividend shark Good luck to all crypto investors! đ
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