In the end, the value really dropped... 📉 $BTC Even so, it | DividendShark on Binance Square

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Bullish

In the end, the value really dropped... 📉
$BTC 
Even so, it's still holding at 58.6k. 💪

@dividend shark

Good luck to all crypto investors! 🍀

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*Bitcoin Market Update 🧧 $BTC 1. Bitcoin has finally broken above the yellow trendline it had been struggling to surpass for a while 📈. 2. Although it’s 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 📊. 3. There were expectations of a further dip, but the fact that it moved above the trendline is highly positive 👍. 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 💸. 5. Recently, Bitcoin has been moving in tandem with Nasdaq, but for now, it’s essential to watch the channel retest 📉. The channel retest is expected around 64K, and Bitcoin is currently hovering around 62.2K 📌. 6. If Bitcoin breaks above the channel, we could be looking at a move towards 74K again, although it’s still a bit far off 🚀. 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 📈. 8. Missing this phase could mean losing out on significant profits, so keep this in mind! 💡 Good luck to all crypto investors! 🍀

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★Sharing Recent Bitcoin Market Sentiment 1. The outlook isn’t very promising. 😕 2. The trend indicates a stronger downward momentum, with the weekly candlestick engulfing previous candles. 📉 3. In this trend, the yellow trend line is breaking downward, currently around 57.5K. ⚠️ 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. 📊 5. The prolonged downtrend and strong sideways movement are driving many investors away. 😔 6. Personally, I consider 27K to be a critical level for Bitcoin, so I’m not planning to touch it at this stage. 🚫 7. Meanwhile, Altcoins continue to face an unrelenting downtrend. 🔻 8. Holding cash seems to be the most appealing option at this moment. 💵 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. 🙏 Good luck to all crypto investors!

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★ Analysis of Recent Bitcoin Chart Sentiment 1. The recent Bitcoin chart hinted at potential for significant volatility on the weekly timeframe 📊 2. A major price movement, either upward or downward, was anticipated 📈 3. However, contrary to technical expectations, the price action has been relatively muted, with small candles fluctuating between 58K and 61K 🙃 4. Despite this, Bitcoin is gradually trending upward, maintaining its position above the yellow trend line 🐍 5. Notably, reports indicate that futures positions are being liquidated even with minor price movements, suggesting that high-leverage traders are starting to recover 🤔 6. Overall, the market sentiment is positive, and the chart structure remains intact 📈 7. The key point to watch is the breakout from the green channel, which could lead Bitcoin toward its previous high around 74K 🚀 8. Dividend Shark is eagerly waiting for the price to reach 74K 📉 Good luck to all crypto investors! 🍀

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This is the real-time Bitcoin weekly peak. 📈 #BTC☀ $BTC $ETH This week's candle kicked off today, following the appearance of a large doji candle last week. 🔥 Thanks to this, altcoins are also showing positive momentum and are slowly rising. 📊 A significant trend shift is expected after the huge doji candle, with optimism that the current market sentiment might become very bullish. 😍 Is Bitcoin really on the rise this time...? 🚀 Good luck to all crypto investors! 🍀

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This marks the main peak of the Bitcoin chart. 📈 $BTC $ETH #BTC☀ Last week's weekly candlestick closed with a significant Doji candle, indicating a potential shift in market sentiment. The presence of this large trend change Doji candle, coupled with a trading volume much higher than in recent times, suggests two possibilities: 1. The trend might convert to an upward movement. 🚀 2. There could be a re-break of the downward trend. 📉 Conclusion: Be prepared for a rapid rise or plunge in Bitcoin's price. ⚠️ Good luck to all crypto investors! 🍀

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