We are starting another day in this BEAUTIFUL market, friends, things are going well... although we started the day with most#altcoinsnegative, however, now we have reversed and most are positive. #BTChas attacked very close to $100K (which we already expected it to do), in the next 40 minutes we will have the PMI data, but it does not seem to me like something the Market is anxious to see, in any case, it is worth some attention.
Bitcoin Dominance continues to have great difficulty maintaining itself at 57.26% and this is good for Altcoins.
As I have said several times: I am very excited for this week!
Analysis $BTC 01/05/2025 #BTC, we made an attempt yesterday to break $99K but we failed, however we can see something positive even in this failure, see that the price was supported just below at $97,300 and today despite being negative we still look good, the current 4h candle is very important because if it does not cancel the previous one, then the BEARS will have to withdraw their big $100K orders or they will probably be activated. If we have a lunation from this previous candle, then we will work a little lower in this blue band to jump from there. Either way, it still looks very good.
#BTC, following the plan perfectly, we are seeing a price pullback to the $97,500 region, which is normal even because it is the weekend and it is clearly an attempt to form support in this region, which is exactly what we need to continue rising during the next week. It is very likely that in the next 4 hours we will start to improve here and we will work above $98K, thus establishing support in this region and leaving room for tomorrow we can work between $98K/$100K.
I am particularly interested in the price of BTC above the blue band on the chart because I think that is where its Dominance will lose strength and continue to fall, and with the price of Bitcoin in that $98K region it will help#altcoinsto continue their upward trends more easily.
It is the weekend so we don't need much data here, just look at the price closing today.
Things are looking good here, the RSI still gives us some room to continue and the 50 EMA (4h) is rising to support the price in this current region. Also in this sense we are seeing the big SELL ORDERS COMING OUT OF $100k which was already expected, it doesn't make much sense for them to stay there and I mentioned this last week, and soon the other orders should follow suit!
We are doing well, so enjoy the weekend and relax a little, enjoy the family!
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Alright TROY holders, come closer! 🥰🥰 I know you're all wondering "What happened to TROY coin?" 🤔 Why did it crash after that massive surge? Well, let us explain it to you. 🧐
The cause of the TROY accident 🚨 Overbought conditions 🔥 This is a common scenario in the crypto world, and it’s something we see happen all the time. When a coin like TROY experiences a big surge, it can attract a lot of attention, and FOMO (Fear of Missing Out) kicks in. 🚀 People rush in, pushing the price higher and higher. But here’s the problem: after such a rapid surge, corrections are inevitable.
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🚀 Elon Musk Suggests a Big Use Case for Dogecoin! 🐶
Elon Musk Just Dropped a Bombshell! 💣
🚀 Elon Musk Suggests a Big Use Case for Degecoin ! 🐶 Elon Musk just dropped a bombshell! 💣 In response to a tweet suggesting the creation of the "Texas Institute of Technology and Science" (TITS), Musk simply replied: "Maybe it's time!" ⏰ This isn’t just a random tweet. In 2021, Musk proposed the idea of TITS, a university that would accept Dogecoin as tuition and offer discounts to dog owners. 🐶🎓 While it seemed like a joke at the time, Musk’s recent comment has reignited the conversation.
compre pepe antes que ele dispare. elon acabou de repostar o tweet do pepe no x.com. então todo mundo vai comprá-lo. me agradeça depois. $PEPE #ElonMuskTalks #ElonMusk. #pepe⚡ #PEPEATH $PEPE
$PENGU Happy New Year!! How are my trading enthusiasts doing? I bring you an analysis of $PENGU for those who are always wondering what will happen next: will I get rich in a few months or will I lose my house, etc.
Analyzing the chart in 4H. With the few data we have, we can see it has lost 50% of its value and the price is 'consolidating,' but while it is consolidating, it is leaving us a descending wedge pattern or a sideways range. This means the following, and here is what I think.
Bullish Outlook If the price manages to break 0.40, it will rise to the wedge's guideline, then do a pullback to 0.40 to continue the upward trend until it reaches the first target of 0.55. If it manages to break the price of 0.55, it is likely to reach all-time highs. But since it is a meme cryptocurrency, remember that it is more psychological than technical; who knows, once it breaks the previous high, many people, especially with the news that $PENGU is now going to Mars, will start buying massively and it could rise just like on the first day and might reach 1.00.
Bearish Outlook If the price fails to break 0.40 and simultaneously breaks the guideline of the descending wedge, it is likely that the price will drop to the previous low of 0.22. But what happens if it breaks 0.22? It is likely that the price will drop to 0.016. But as I tell you, being a meme cryptocurrency, many people will be guided by their emotions and will no longer want to participate, accepting that they have lost their house, and it may even be that the price keeps dropping to initial lows until one day, unexpectedly, it comes back like the phoenix. #pengu #BtcNewHolder #hastalaluna 🚀
What other cryptocurrency would you like me to analyze? Leave it in the comments.