#BITCOIN WEEKLY TF UPDATE : #BITCOIN on Weekly TF, did hard | Ilyas64184089 on Binance Square

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#BITCOIN WEEKLY TF UPDATE :
#BITCOIN on Weekly TF, did harder push tot he upside again breaking the resistance area. Price need to have some strong closing over the $60,000 with nearly no wick on the top.

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#BTC DOMINANCE ANALYSIS BTC.D is moving within a rising wedge on the weekly timeframe, which is technically a bearish pattern. The 21MA is acting as a support below the wedge. Consequently, we can expect a decline in BTC.D soon. A sustained breakdown of the rising wedge would provide strong bearish confirmation. A downward trend in BTC.D, while BTC moves sideways or bullish, would indicate a bull run in altcoins. $BTC $ETH $SOL

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Here's the Analysis of #IMX : #IMX forming a Inverse Head and Shoulder Pattern which is a reversal pattern and had a breakout of the major resistance area of $1.67 - $1.71 which will act as major support. Price will act as the support zone are and move up towards the next resistance $2.01. $IMX

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✅ Near the end of the day, the market started to rise again after yesterday's small correction, Bitcoin price is above $64,000, let's see if the bulls can continue the move 🔼 Daily Digest: 🔸 Ex-Alameda Research CEO Caroline Ellison sentenced to 2 years in prison for her role in FTX fraud 🎎 🔸 Predictions platform Polymarket is seeking investment of $50 million, amid plans to launch a token 🔸 The Philippine government is giving young people hands-on experience with crypto, blockchain technology, and NFTs 🔸 The TON ecosystem may need to distance itself from Telegram, per Bitget research report 🔷 🔸 DOJ sues Visa over alleged payments monopoly 🔸 Binance denied the alleged dark web data leak of its customers' data Join our chat 🗯

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China has rolled out new measures to revive its struggling economy. The central bank cut the reserve requirement ratio (RRR) by 50 basis points, releasing around 1 trillion yuan for lending 🇨🇳 The People's Bank of China also lowered mortgage rates and provided a $71 billion liquidity boost to the stock market. These steps aim to stabilize the real estate sector and increase stock market investment. Stocks rose following the news, but analysts caution that while these moves help, they may not be enough to fully restore consumer confidence. China's stock market is still trading below the levels caused by Covid-19 pandemic market crash 🔽 There is speculation that China will now start pouring new money into the market en masse, which could help speculative assets like crypto rise in value 📈 $BTC

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#FET/USDT ANALYSIS FET has broken out of the descending broadening wedge pattern and successfully retested. It’s now attempting to push through the Ichimoku Cloud, which is acting as a resistance barrier. A breakout above the cloud could spark further bullish momentum for FET. Keep an eye on this move. $FET

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