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DividendShark
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Ethereum currently has a CME gap of around $250.
Letโs close it quickly! ๐๐
Good luck to all crypto investors! ๐
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#ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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*Bitcoin is back at the top of its channel once again* $BTC $ETH 1. Bitcoin is currently cruising around the 65K range. ๐ 2. However, the situation is a bit different from here on. ๐ง 3. Now, it's less about breaking through the top of the channel, and more about whether Bitcoin can reach its previous all-time high. ๐ 4. Many are predicting that this trigger could align with Trump's potential election victory on November 5th. ๐ค 5. Today, Harris also made positive comments about virtual asset investments, suggesting that even if Trump doesnโt win, the market could still show bullish signs. ๐ 6. Nevertheless, for a major long position on Bitcoin, Trumpโs election win seems to be a key factor. ๐ **Conclusion: Bitcoin to the moon~๐๐๐** Good luck to all crypto investors! ๐
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*Bitcoin is showing a minor rebound of +0.7%, and altcoins are surging in response. ๐* 1. This kind of reaction usually occurs when Bitcoin is at a crucial level. ๐ 2. For example, Bitcoin might be at the bottom or top of a channel, at a must-hold level, or at a spot where breaking through leads to a significant rise. ๐ 3. Right now, Bitcoin seems to be bouncing back from the top of its channel, which is also a key support level. That's why altcoins are going wild with excitement. ๐ฅ 4. But ultimately, for altcoins to truly soar, Bitcoin needs to shoot up by about +10%. ๐จ 5. Conclusion: Bitcoin, let's hurry up and reach $74K! ๐ช Good luck to all crypto investors! ๐
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*Latest Bitcoin Chart Update 1. Bitcoin has shown a steep upward trend since early September, starting around the 54K mark. ๐ 2. It has closed with green candles for the past six days, and if todayโs trend continues, it could mark seven consecutive days of green candles. ๐ข 3. This would be the first time since March 2024 that Bitcoin has achieved seven consecutive green candle closes within the current channel. ๐ 4. With the upper boundary of the channel approaching, thereโs growing speculation that Bitcoin could break through 74K by the end of the year. ๐ 5. As the U.S. stock market cycle takes a breather, thereโs a rising belief that Bitcoinโs cycle could gain momentum. ๐ 6. U.S. stock investors might find it beneficial to focus on crypto-related stocks like COIN, MARA, and CLSK. ๐ Conclusion: Letโs aim for a big, bold green candle! GAZUA!!! ๐ฅ Good luck to all crypto investors! ๐
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*Bitcoin Market Update ๐งง $BTC 1. Bitcoin has finally broken above the yellow trendline it had been struggling to surpass for a while ๐. 2. Although itโs 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 ๐. 3. There were expectations of a further dip, but the fact that it moved above the trendline is highly positive ๐. 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 ๐ธ. 5. Recently, Bitcoin has been moving in tandem with Nasdaq, but for now, itโs essential to watch the channel retest ๐. The channel retest is expected around 64K, and Bitcoin is currently hovering around 62.2K ๐. 6. If Bitcoin breaks above the channel, we could be looking at a move towards 74K again, although itโs still a bit far off ๐. 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 ๐. 8. Missing this phase could mean losing out on significant profits, so keep this in mind! ๐ก Good luck to all crypto investors! ๐
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โ Sharing Recent Bitcoin Market Sentiment 1. The outlook isnโt very promising. ๐ 2. The trend indicates a stronger downward momentum, with the weekly candlestick engulfing previous candles. ๐ 3. In this trend, the yellow trend line is breaking downward, currently around 57.5K. โ ๏ธ 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. ๐ 5. The prolonged downtrend and strong sideways movement are driving many investors away. ๐ 6. Personally, I consider 27K to be a critical level for Bitcoin, so Iโm not planning to touch it at this stage. ๐ซ 7. Meanwhile, Altcoins continue to face an unrelenting downtrend. ๐ป 8. Holding cash seems to be the most appealing option at this moment. ๐ต 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. ๐ Good luck to all crypto investors!
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