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My previous interpretation received such a reaction, but the lower band of the falling channel attempted to break the previous upper band, we will all see what happens. #Bitcoin
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I think the price of Bitcoin is high, but some altcoins are at their lowest levels in the last five years. A good movement may begin for altcoins, as you see on the screen. If there is some buying during the day, it may be an active week in the market. I think the direction of the market will become clear in the coming days, including today. #bitcoin☀️ #Altcoins
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I'm waiting for the falling trend setup, I hope it happens and we can all cheer up a bit together. #bitcoin☀️
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Here's the analysis translated to English: This screenshot shows the short-term price chart and some technical indicators for the BTC/USDT (Bitcoin/Tether) pair. Based on my observations, I can provide the following analysis: 1. Price: Bitcoin's current price is $62,878.00 and has increased by 1.94% in the last 24 hours. 2. Trend: The short-term chart shows that the price has started to recover after a recent dip. It formed a bottom at $58,402.00 and is currently in an uptrend. 3. Technical Indicators: - MACD is in positive territory and rising, which is a bullish signal. - RSI is at 67.35, indicating strong momentum but approaching overbought territory. - Moving Averages (MA) seem to support the upward trend. 4. Volume: An increase in volume is observed in the last few candles, supporting the uptrend. Analytical forecast: In the short term, Bitcoin is likely to maintain its current upward momentum. However, the RSI approaching overbought territory suggests we should also consider the possibility of a short-term correction. The $63,818.33 level (24-hour high) could be a significant resistance point. If this level is broken, the uptrend might continue. On the other hand, in case of a pullback, $61,346.00 (24-hour low) could be watched as an important support level. Remember that crypto markets are highly volatile and difficult to predict. This analysis is based solely on current data, and unexpected news or market events can quickly change the situation. It's always important to do your own research and apply risk management. #Bitcoin
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Today Is My Birthday Family 🎂 #Barisyildiz
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