Bitcoin has returned to testing the safe trading zone (121 a | Space Cash on Binance Square

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Bullish

Bitcoin has returned to testing the safe trading zone (121 and 200 moving averages). The price needs to surpass these averages, which currently serve as resistance levels. The Ichimoku indicator has formed a bullish trigger, making it natural for the price to test and validate the 58,523 region. 

#bitcoin #Binance #BNB‬ #Xrp🔥🔥 #USDT 

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Today is a great day for those following Space Cash and keeping an eye on the crypto market. Our technical analysis has been absolutely fantastic! We precisely identified the Head and Shoulders pattern, and as predicted, Bitcoin's price reached the crucial liquidity point at 54,453. This was the exact zone where major players began taking profits, further validating our market interpretation. But the good news doesn't stop there! There's still a chance that the price could retest the activation zone of this analysis, particularly the 121 and 200-period moving averages. This means new entry opportunities may arise, giving us another chance to ride this wave of accuracy. The market is mathematical and responds precisely to well-studied technical patterns. That's why it's essential to keep studying, dedicating yourself, and continuously improving. #BTC #ETH🔥🔥🔥🔥 #Binance #USDT

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Bitcoin emerges from the shadows as a silent predator, stalking the dollar, ready to take its place. With its decentralized nature and limited supply, it grows stronger every day, challenging the once-unassailable dollar. The financial future looks dark, where the dollar doesn’t fall suddenly but is slowly drained of its power, while Bitcoin and other digital forces take its place. The absolute dominance of the dollar is being corroded, paving the way for a world where the unknown and the digital reign supreme, in a landscape of dark uncertainties. #BTC #ETH🔥🔥🔥🔥 #BNB‬ #Binance #USDT

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Hey everyone! Bitcoin continued to decline last week and formed a Head and Shoulders pattern. At the midpoint of the structure, $1.25 billion were liquidated from investors who were betting on a rise! 🤯 The big question is: will the market recover? Comment here with your thoughts on this Bitcoin analysis. And don’t forget to follow the page for more crypto market insights! 4o #Bitcoin❗ #btc70k #BTC/USDT. #BNB_Market_Update

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$BTC Update - September 2, 2024 The BTC price pattern remains valid and presents a trading opportunity within specific technical parameters. Today, the market may approach the 121 and 200-period moving averages, regions that provide a safe trading zone. This safe zone is crucial as it represents a price range where the asset tends to find support, reducing the likelihood of abrupt swings and offering greater stability for trading decisions. The BTC/USDT pair recently formed a Head and Shoulders (H&S) pattern, known for indicating potential trend changes and high volatility. This pattern, being one of the most challenging to operate within harmonic analysis, requires special attention. I have identified specific points that could trigger a "dump" (sharp sell-off) and also a potential reversal point. For a market reversal to take hold, it is essential for the price to return to the safe trading zone, meaning it must move above the 121 and 200-period moving averages. If the decline continues, breaking the 57,867.95 level will be crucial. Additionally, in the 54,453 region, there is a critical level for liquidating long positions, where major market players and exchanges might choose to take profits. This point is viewed as the midpoint of the current price structure. The maximum limit projected by the pattern points to a significant liquidation of $1.89 billion in the 51,163 region. At this level, it is likely that major players will attempt to stabilize the market, given the high volume of long position liquidations. #btc70k #BNB⁩ #ETH #AI #Binance

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The BTC/USDT pair has formed a Head and Shoulders (H&S) pattern, which could indicate high market volatility. This pattern is considered one of the most complex to trade within harmonic analysis, so I've marked specific points for a potential "dump" trigger and a reversal point. For a reversal to begin, the price needs to return to the safe trading area, meaning above the 121 and 200-period moving averages. Another important note: for the price to continue declining, it needs to break through the 57,867.95 level. In the 54,453 region, we have an important reference for the liquidation of long positions, where brokers and large players may take profits. This would be the midpoint of the structure. The maximum limit of the pattern points to a liquidation of 1.89 billion in the 51,163 region, where large players may attempt to hold the market due to the large volume of long position liquidations. #BTC #BNB #Xrp🔥🔥 #btc70k #BNB‬

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