Whale trap ❗️ Whales are currently creating an illusion of a | Barry Ringel ghzj on Binance Square

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Bullish

Whale trap ❗️Whales are currently creating an illusion of a bull run. The truth is they need to buy more Bitcoin. If this isn't a bull run, there's a possibility of a big dump in Bitcoin. It is a trap. All traders, stay careful.
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Sign inMenu NewsGlobal Macro Analysis Will the Fed signal an impending policy change at this year's Jackson Hole Symposium? As Powell's latest Monetary Policy Testimony alludes for the first time to concerns on the FOMC about the dangers of keeping monetary policy tight for too long, is this a signal that he is preparing to use this year's Symposium as on opportunity to put the market on notice for a first interest rate cut? ByStuart Cole|@Stuart Cole|10 July 2024 Yesterday’s semi-annual Monetary Policy Testimony from Fed Chair Powell did not deliver any real surprises, Powell delivering what was largely a repeat of the script given at the June FOMC meeting. But there was a slight change in nuance, with a nod given to the dangers of keeping interest rates on hold for too long, and with the suggestion that this danger is starting to raise concerns for some Committee members. This year's Jackson Hole Symposium could turn out to be the most important and eventful gathering of recent times. In what was an uneventful appearance, Powell’s message repeated what is already a known narrative, namely that the US labour market remains “strong”, that the economy is continuing to grow “at a solid pace” and that recent inflation reports have shown some “further modest progress” in returning CPI back to target. The phrases were the same as those provided at the June FOMC meeting; clearly the Fed remains determined not to signal any potential easing in monetary policy yet. In terms of the outlook for any potential cut in rates, he noted that “more good data” was still needed before the Committee could be fully confident that inflation was sustainably on a path back to its 2% target. But there was no specifying as to what this “good data” actually consisted of. Neither did he allude to the quantity of “good data” required, or over what time period it would be needed. As such, it is a somewhat vague message. The market already knows the Committee is looking for further good data #BTCbitcoin $BTC

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#Bitcoin Faces Downward Pressure, Could Test Key Support Levels”☠️ Bitcoin continues its downward trend after failing to surpass the critical resistance threshold at 67,000 USD. The leading cryptocurrency has declined from the resistance level of 66,850 USD, and is now at risk of falling below the support level of 65,500 USD. In recent trading sessions, Bitcoin was unable to maintain its price above 67,000 USD and has started to decline. It is currently trading below 66,800 USD and under the 100-hour simple moving average. A breakdown occurred below the uptrend line, connecting with the support at 66,500 USD on the hourly chart of the BTC/USD pair. If the downward trend continues, Bitcoin could trade below the support level of 65,500 USD. The price has fallen below the 23.6% Fibonacci retracement level of the upward move from the low of 65,075 USD to the high of 66,868 USD. There is a possibility that the price will test the 50% Fibonacci retracement level of the same upward move. On the upside, Bitcoin is encountering resistance near 66,500 USD and the 100-hour simple moving average. The next resistance level could be 66,850 USD, followed by 67,000 USD. A clear move above the 67,000 USD level could initiate a new increase, pushing the price higher. In case of an increase, Bitcoin might test the resistance at 66,000 USD. Any further gains could lead Bitcoin towards the resistance level of 68,500 USD in the near future. However, if Bitcoin cannot overcome the resistance at 66,500 USD, it may continue to move downward. Immediate support on the downside is near 66,000 USD. The first major support level is 65,750 USD, and the next support is forming near 65,500 USD. Any further losses could push Bitcoin towards the support zone of 65,000 USD in the upcoming period.$BTC $BTC $ #arb #gala $

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Here are Some Advices For You to Become Better at Future Trading👇 Develop a Clear Trading Plan 1. Define your goals, risk tolerance, and trading strategies. 2. Decide between short-term trades and long-term investments. 3. A clear plan helps you stay disciplined and avoid impulsive decisions. 4. Set specific, measurable, achievable, relevant, and time-bound (SMART) goals. 5. Review and adjust your plan regularly based on market changes. 6. Include contingency plans for unexpected market movements I hope that's coin is bullish.

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$NOT 🚀 Exciting news alert! now the right time to enter 🚀 Just came across an article on Finbold discussing the price analysis for Notcoin, and it looks like there's some bullish strength brewing despite the recent weakness in other cryptocurrencies. 📈 The article even suggests that Notcoin could potentially reach $1 by 2024! 💰💥If you're looking for a promising investment opportunity, this could be the one to keep an eye on. Who knows, we might just witness Notcoin skyrocketing in the coming years! 🌟 #Notcoin #Cryptocurrency #Bullish #not $NOT

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Open your mind and read‼️ This is a bull market, however there is alot of misinformations and lies going around. Alot of people will start claiming ridiculous targets. If you are new in crypto, trusting the wrong source will make you lose and waste your time. First of all. $BTC will not reach 500,000$ this cycle. We are lucky if it reaches 200,000$. We will be grateful if it reaches 150,000. Do not enter the market thinking that you will turn 1000$ into 10,000$ with btc. $ETH will not reach 30,000$. We are lucky if it reaches 15,000 and we will be grateful if it reaches 10,000$. $SOL will not reach 5,000$. We are lucky if it reaches 1,500$ and we will be grateful if it reaches 1000$. What is my point? Do not come into crypto with overly high expectations. Especially at this point of the market. Most of the bullrun is done for bitcoin. Im not saying its impossible but its not probable.. It will probably hit 500,000 but not this cylce. Maybe 2 or 3 cycles down the road. Its a trap. These influences claiming crazy targets are after your views, likes and impressions. They do not need you to buy for them to make money. They just need your attention. Your money is something you worked hard for. Its always good to do your own research and not base your investments on hearsay. There are alot of tokens that can bring you 10x, 20x or maybe even 100x but those tokens are probably not being talked about yet. Most money is made if you are in before the hype. In this case crytpo in the top 20 would probably not do a 20x. Most cryptos in top 5 will probably not do a 10x. Btc will probably not do a 3x. Protect yourself. No one can fool you if you are well informed. Oh yeah i forgot. XRP will not go to 100$. Be happy if it goes to 2$. I do not hate xrp. But the tokenomics is the worst. They have a strong community. they will lead you to believe lies. Be aware. Understand that the market is designed to take money from ignorant people and move it into the hands of the well informed people. now time to move bull #btc #ARB🔥🔥🔥 #gala #NOT🔥🔥🔥

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