$BTC #Btc keeps playing out similarly to the 2020 ATH brea | Kriptoloji on Binance Square

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$BTC #Btc   keeps playing out similarly to the 2020 ATH break.
Should be up only from here, if it keeps playing out the same.
What do you think? 👀
#Memecoins #Write2Earn  

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$BTC needed a Daily Close above 56750 to protect the late April bottom. Bitcoin has achieved this. Now, #BTC needs to further build on this early momentum in an effort to return back above the 60.600 level to reclaim the blue range

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U.S. non-farm payrolls exceeded expectations, with 206K jobs reported versus the 191K expected. Unemployment was reported at 4.1%, slightly above the anticipated 4.0%. $BTC $PEPE

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📈 Today, all eyes are on the Non-Farm Payrolls data at 15:30📈 Since #BTC is already reacting, it likely means the data will deviate significantly from expectations. The last time the Non-Farm Payrolls data was released, it turned the market into a bloodbath. We might be facing a similar scenario. In the US, employment changes and wages have remained robust, continuing to be a key argument for those advocating that the #Fed could keep interest rates high for a longer period. Therefore, today's data release will significantly impact risk appetite. Last month, the Non-Farm Payrolls ( #NFP ) came in at 272k, which was significantly outside the estimates, as has been the case for the past six data points. Looking at the behavior of other data points later on, they were always revised from the previous month. Specifically for this data, there's an interesting situation. The standard deviation of the estimates is 21.69k, the lowest in recent months, whereas previous months had standard deviations reaching up to 40k. $BTC $PEPE

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Crypto Fear and Greed Index 29 = FEAR You know what this means. $BTC

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$BTC has broken out of its 4-month range and dipped below its last support level, leading to significant changes in ownership. We could say that the cards are being reshuffled. With the price dropping below the support level, we saw whales quickly turning to buy. They made some purchases in this region, continuing to maintain their #Bitcoin holdings despite the declines. Meanwhile, small investors are still selling, and their #BTC holdings are continuously decreasing. This indicates a rotation from small investors to larger ones. Whales might be buying because they believe the price won't stay below the support level for long, but it's not wise to base decisions on a single piece of data. We need to see at least a few signs of a reversal.I will keep updating the data frequently, friends. Wishing everyone a great day and plenty of profits. #BinanceTournament Additional Thought In such market movements, especially with a volatile asset like Bitcoin, the actions of whales can often set the trend. However, investors should consider overall market dynamics and macroeconomic factors, not just the movements of large investors. Despite short-term fluctuations, long-term investment strategies are generally a safer approach. $ETH

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