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MihaiDanielBMK
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Same for crypto, not only red not only green, life is a mix
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62.700$ is a big big zone for Bitcoin , it is 200 MA on 4 hrs , last time we broke it down was 13 June , and we crashed 20% from that level , if we do the same now 20% is at 49.800$ not so nice
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Potential bullish W pattern for Bitcoin on 12 hours time frame, a close today above 65.200$ could be a bullish sign of reversal
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The Differences Between a Correction and a Bitcoin Crash Bitcoin correction: 1. Definition: Temporary decrease of 10-20% after a significant increase. 2. Causes: Selling for profit, negative news, market adjustments. 3. Duration: From a few days to a few weeks. 4. Types: Technical (technical factors), fundamental (news, regulations). 5. Behavior: Stay calm, avoid impulse selling, consider buying at a lower price. The Bitcoin Crash: 1. Definition: Sudden decline of more than 20-30% in a short time. 2. Causes: Market panic, drastic regulations, massive selling. 3. Duration: From several months to years for recovery. 4. Behavior: Avoid impulsive decisions, analyze the market, keep a long-term perspective. Recommended Behavior: 1. Stay Informed: Understand the differences and follow the news. 2. Long Term Strategy: Maintain a long term approach. 3. Diversification: Reduce risk by diversifying your portfolio. 4. Risk Management: Use risk management techniques. 5. Financial Counseling: Consult a financial counselor.
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Usually when #Bitcoin is going down the Meme coins also go down, I will share with you some big meme coins targets that I am watching for this correction Dogecoin 0.1047$ Pepe 0.00000870$ Bome 0.007296$ Wif 1.561$ Shiba 0.00001453$ Bonk 0.00002090$
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Good morning, although bitcoin seems bearish, there's no need to panic, as long as it stays above $65,000 it's really zen, this correction is absolutely normal after we retested the top zone. It is possible to test even $64,000, (liquidate some long positions), we still remain bullish.
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