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TheChartistKenya
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the recent data from US which was good news but bad news for the market is in play here
BitEagle News
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No need for panic right here.
Market likely just retracing a portion of the recent move it just made.
Bitcoin went from $92k to $102k in one move after all.
There are certain scenarios I'm monitoring that are less favorable for the market short term BUT those haven't happened yet at all.
Still a bull market ๐ค
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is it time we bought the pullback?
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apparently that 0.41 support seems to be holding, might be the time we looked for an opportunity to buy
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๐ฅ Why Did Bitcoin Drop Below $100k? ๐ฅ Yesterday's better-than-expected JOLTS Job Openings and ISM Services data from the US shook the markets. ๐งจ Bitcoin took a sharp dive below $100K, now trading at $96,278, while equities and altcoins also sold off in response. ๐ So, whatโs happening? The stronger US data signals that the economy remains resilient, fueling expectations of higher-for-longer interest rates by the Fed. This boosted the dollar and Treasury yields, making risk assets like BTC and stocks less attractive. But hereโs the twist: Could this be a buy-the-dip moment or a warning of more pain to come? ๐ค Letโs hear your thoughts below ๐ Are we heading for a deeper correction, or will Bitcoin bounce back stronger? ๐๐ #CryptoMarketDip #BullCyclePrediction
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#๐ ADA/USDT: Consolidating Before the Next Big Move? ๐ฅ Cardano (ADA) is currently trading at $1.0894, showing resilience after its recent bullish rally. Here's what weโre seeing on the 4H chart: ๐ Key Moving Averages: The MA(7) and MA(25) are providing solid short-term support, while the MA(99) below signals strong long-term momentum. ๐ Resistance Zone: ADA touched a high of $1.1162, struggling to break past the $1.12โ$1.13 zone, indicating a potential ceiling for now. ๐ Volume Dynamics: Healthy volumes with 24H volume at 166.29M ADA suggest interest is still high, but bulls need to push harder to maintain momentum. ๐ฎ Price Action Outlook: If ADA stays above $1.08, we might see a retest of $1.13 or even higher levels. A break below could bring $1.03 into play. ๐ฌ Whatโs your take? Will ADA break out of its consolidation and challenge the $1.13 resistance, or are we gearing up for a pullback? Drop your insights below! ๐ ๐ Follow for more updates like this and stay ahead of the game! #ADABullish
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