BTC reached support???

Yesterday's trend showed a fluctuating upward movement, with an overall range increase of around 2000 points until midnight, though interim pullbacks were strong at 1000 points in just minutes. Both long and short positions were profitable by capitalizing on range trading profits. From the hourly chart, it appears only a short-term fluctuation adjustment is completed, with the key level to watch at 58600 as the reversal pivot point.

Avoid chasing long positions for now due to volume and moving average weakness, indicating significant resistance above. Trading suggestions include shorting around 58300 with targets at 57350/56850 and a 600-point stop loss, then seeking low-level long positions for a thousand-point rebound.

#BTC_Bounce_Back_to_57k #BinanceTurns7 #BinanceTournament #BTC☀ #Write2Earn!

You guys account still doing great?

Yesterday, Bitcoin's market trend was weak, with a morning rebound to around 60,500 followed by a drop to a low of 56,750 before rebounding again, currently stabilizing around 58,450. Shorting strategies proposed for both morning and evening sessions proved successful.

Technically, the four-hour chart shows downward-trending Bollinger Bands, indicating ongoing weakness despite some rebound. The recommendation is to short around 59,600-58,600 and target 57,300-56,800 for short term, target 53,000 for long term, switching to long positions if the downward trend doesn't continue, with an 800-point stop-loss based on position size.

#US_Job_Market_Slowdown #MtGoxJulyRepayments #BinanceSquareFamily #Write2Earn! #BTC☀

BTC WHERE TO GO??

After more than three months of continuous market shakeout, negative sentiment has accumulated to a critical point. These emotions stem primarily from the following factors:
Many people expect a bull market to be a straight upward journey, hoping to see continuous gains without any fluctuations.

There is a common fantasy of being able to buy at every market low and sell at the high, achieving perfect swing trades.
Even in a bull market, long-term asset holding is a challenge for many investors. Some find it difficult to endure even short-term holdings.

However, these phenomena reveal a market principle: in a bull market, only about 10-20% of people can actually achieve profits.

The reason these people can successfully make money is that they can hold on until the final stages of the bull market. $BTC

#CryptoTradingGuide #BTCFOMCWatch #BTC☀ #BinanceSquareFamily #Write2Earn!

Anyone follow???????

#BTCFOMCWatch #BinanceSquareFamily #Write2Earn! #BTC☀

SEE YOU AT $60000 BUDDY!

The Bitcoin seller risk ratio has reached a certain level, indicating that it is time for the market to take action. Everyone who was going to profit has already done so, and the same goes for losses. The market now needs to find a new price range to ignite the flames of fear, greed, panic, or excitement. Additionally, Bitcoin spot-futures arbitrage trading is likely nearing its limit. A few weeks ago, traders could secure an almost risk-free annualized premium of 10% by going long on spot and short on futures. Technically, considering both sides incur fees, the annualized premium rate was 5%. Now, it has dropped to 6% (technically 3%), which is below the risk-free rate of cash equivalents.

#BinanceTournament #BTC☀ #BinanceSquareFamily #Write2Earn! #Bitcoin❗ $BTC

BITCOIN WHERE TO GO?!!

Since its inception, Bitcoin has undergone several halving events, each of which has led to a significant price increase. Historically, after each halving, the market typically experiences a brief period of volatility, followed by a gradual price rise as the reduced supply becomes evident. The first, second, and third halvings all sparked intense market interest, demonstrating the effectiveness of the halving mechanism and the market's recognition of Bitcoin's scarcity. As we stand at the start of a new halving cycle, historical patterns suggest that Bitcoin's price will rise again. However, investments should also consider global economic conditions, regulatory policies, and investor sentiment. In the short term, the market may adjust, but the long-term outlook remains bullish.

Besides Bitcoin, investors should also look for opportunities in altcoins with innovative technology and broad application potential. Bitcoin halvings are crucial market turning points with far-reaching impacts, and investors must closely monitor market dynamics, seize opportunities, and manage risks effectively.

#BinanceTournament #BTC #Write2Earn! #BTC☀ #BinanceSquareFamily

Bitcoin Drops Below $65,000, Signal of Buying???

At 8:30 PM last night, the US released the May retail data, often referred to as the "scary data." The good news is that there was almost no growth, indicating that consumers are currently facing greater financial pressure and suggesting economic downturn expectations. This means inflation control efforts have had some effect, increasing the likelihood of a rate cut.

However, Federal Reserve officials, known for their "expectation management," stated that while progress has been made in fighting inflation, future rate cuts must be based on economic data, requiring more patience.

This led to Bitcoin's rather uneventful performance last night, hovering around $65,000. Bitcoin's performance has been weak throughout the week. The main reasons for the recent lack of upward momentum are:

1. ETF Fund Inflows Slowing: Although Bitcoin ETFs have seen net inflows overall, the inflow rate has slowed significantly in recent weeks. Besides GBTC, funds like FBTC and ARKB have also occasionally seen outflows.

2. Lack of New Narratives: The market is missing new positive narratives. Apart from Ethereum’s ETF expectations, there are no new stories driving interest.

What Should You Do Next?

1. Exercise Caution: PMI data will be released on Friday, and upcoming unemployment and CPI data on July 11 should be closely watched. It's important to be cautious.

2. Remain Long-Term Bullish: The market won't continuously decline. I maintain my view that the bull market will last from this year into mid-next year. Don't sell Bitcoin and Ethereum at a loss. For quality altcoins, use dollar-cost averaging to lower costs.

Finally, keep a positive mindset and enhance your earning potential outside the market. Thank you for your support. Original content is not easy to produce, so please like and follow for more updates.

#BinanceTournament #bitcoin #BTC #Write2Earn! #BinanceSquareFamily

$BTC $ETH

JUST A QUICK UPDATE!

According to CME's "Fed Watch," the probability of the Federal Reserve keeping interest rates unchanged in August is 89.7%, while the probability of a 25 basis point rate cut is 10.3%. The likelihood of the Fed maintaining steady rates into September stands at 32.3%, with a cumulative probability of a 25 basis point rate cut at 61.1% and a cumulative probability of a 50 basis point rate cut at 6.6%.

#BinanceTournament #BinanceSquareFamily #Write2Earn! #BTC #bitcoin

THIS IS VERY VERY TRUE!!!!!!!!

Many people believe that making money requires frequent trading, but in reality, the true secret to substantial profits lies in patience. Once a position is opened and shows a profit, it is crucial to hold it patiently. While frequent trading can provide instant gratification, patience often contradicts human nature. In the market, 80% of the movements are tempting and difficult to resist. Although they may feel rewarding, these actions typically do not lead to significant gains. $ETH $BTC



#ETHETFsApproved #BinanceTournament #BinanceSquareFamily #Write2Earn! #BTC

GOOD or BAD NEWS FOR BTC?!?!$BTC

Federal Reserve's Harker stated that based on his current forecast, he believes it is appropriate to cut interest rates once this year, emphasizing the signal that rates may remain high. "If everything goes as expected, I think it would be appropriate to cut rates once before the end of the year," Harker said. "In fact, I think it's likely that there will be either one rate cut, two rate cuts, or none at all this year, depending on the direction of the data. Therefore, we will continue to be data-dependent." The Philadelphia Fed President currently expects economic growth to slow but remain above the trendline, with a moderate rise in the unemployment rate. He also believes that returning to the Fed's inflation target will be a "long process."

$ETH BUY THE DIP!!

These past few days, the market experienced a slight dip, and a group of people began predicting a downturn, claiming ETH would drop below $3000. This scared many investors into selling off their holdings. I advised them not to panic. After all, the Ethereum spot ETF approval is imminent, and it's only a matter of time before it goes live. Now is not the time to exit the market. Smart investors take advantage of each dip to accumulate cheaper assets. Today's news confirmed my prediction: Ethereum whales have bought over 700,000 ETH in the past three weeks.

On June 16, according to on-chain analyst Ali Charts, Ethereum whales purchased more than 700,000 ETH in the past three weeks, amounting to approximately $2.45 billion.

#ETHETFsApproved #BinanceSquareFamily #Write2Earn! #ETH🔥🔥🔥🔥

WHAT TO EXPECT NEXT?!?!$BTC $ETH

Yesterday's full rebound in the cryptocurrency market saw its bullish sentiment quickly extinguished by the sharp plunge of Bitcoin and Ethereum last night. The market is at a critical turning point, where any news can cause temporary impacts. Federal Reserve Governor Bowman made hawkish remarks, stating there is no reason to cut interest rates this year unless unexpected shocks occur. He hopes to see several months of improved inflation data before being ready to cut rates, which may not happen until after "several meetings." If unexpected shocks occur, then a rate cut might be possible. This news caused Bitcoin to drop from around $63,000 to near $60,000, and Ethereum to fall from $3,050 to around $2,877.

Currently, in terms of market conditions, Bitcoin and Ethereum have significantly dropped on the daily chart, creating a large gap with the 5-day moving average (MA5). It is expected that there will be a short-term technical rebound adjustment today. The 12-hour KDJ and MACD trends are similar to the daily chart, but the BOLL lower band opening is not wide, and there is also a significant gap between the main chart prices and MA5. Therefore, it is expected that there will be a slight rebound adjustment in the short term today.

#buythedip #BTC🔥🔥🔥🔥🔥 #BTC_MARKET_UPDATE #BullorBear #write2earn🌐💹

$DOGE POTENTIAL BUY!!! 🔥🔥🔥

In my analysis, the overall trend for DOGE remains bullish, as evidenced by the price breaking multiple resistance levels within a short period, indicating strong upward momentum.

At present, the price is undergoing a retracement. However, if a strong bullish candle breaks through the trendline, I will consider entering a long position.

Additionally, I will exercise caution around the identified resistance level, as volume indicators suggest it is a significant barrier. There is a potential for the price to be rejected at this level.

#buythedip #CryptoWatchMay2024 #DogecoinDay #DogecoinPotential #BullorBear

$BTC LONG OR SHORT???🤔🤔🤔🤔

On the 4-hour chart, the price has been rejected at the resistance level and subsequently retraced. The fixed volume indicator also confirms this resistance zone, aligning with my earlier analysis.

Currently, my outlook for BTC remains bearish. However, if the price can break through the trendline and sustain above the resistance level—effectively turning it into support—I will consider entering a long position.

#BTC🔥🔥🔥🔥🔥 #CryptoWatchMay2024 #bitcoin #buythedip #write2earn🌐💹

ETH ANALYSIS!!!

This chart, which I annotated four days ago, accurately reflects the subsequent price movements that aligned with my analysis.

#EthereumPower #ETH💝USDT #BullorBear #CryptoWatchMay2024 #eth‬

BTC BUY OR SELL?!?!

In my analysis of the 4-hour chart, Bitcoin appears bullish overall; however, a potential retracement is anticipated. The price is currently encountering resistance, and its inability to break through this level suggests a loss of momentum.

Additionally, the MACD indicator is presenting a bearish signal with a downward cross, further supporting the likelihood of a near-term pullback. Thus, there is significant potential for the price to retract before resuming its upward trajectory.

#BTC🔥🔥🔥🔥🔥 #BTC_MARKET_UPDATE #BullorBear" #write2earn🌐💹 #CryptoWatchMay2024

ENA BUY OPPORTUNITY?!?!?!🤔🤔

On the 4-hour chart, the price of ENA is currently establishing a support level, indicative of a bullish signal. Additionally, a break of market structure has been observed in the 30-minute timeframe, further confirming the bullish trend. Traders are advised to initiate buy positions and set their take-profit levels at the marks indicated on the chart for optimal returns.

#HotTrens  #CryptoWatchMay2024  #BullorBear  #write2earn🌐💹  #WIFBULLISH

WIF HIT TP!!! 🔥🔥🔥

On the 4-hour chart, the targeted take-profit (TP) level has been achieved. The rationale for initiating buy trades stemmed from observing that the price consistently retested the support level without breaking through, validating it as a strong bullish signal. Additionally, a 30-minute break of market structure provided further confirmation for our entry, reinforcing the decision to engage in these trades.

#HotTrens #CryptoWatchMay2024 #BullorBear #write2earn🌐💹 #WIFBULLISH

WLD HIT TP!!!🔥🔥🔥

On the 4-hour chart, the price has developed in line with our analysis, successfully establishing a support level. The resilience of this support is underscored by multiple retests of the zone without a breach, confirming its strength as a robust support area. Traders are advised to close their positions at this juncture and await further analysis for the next trading setup.

#WLD🔥🔥🔥 #WLD/USDT⚡️⚡️ #WLDToTheMoon #WLDUpdate

BTC AT KEY LEVEL NOW!!!

On the 4-hour chart, the price has reached a minor resistance level where a potential reversal could occur. Traders may consider entering buy positions upon observing a 30-minute break of market structure within the 4-hour zone. This strategy aims to optimize the risk-reward ratio by capitalizing on a confirmed structural shift at a critical price point.

#BTC🔥🔥🔥🔥🔥 #BTC_MARKET_UPDATE #BTC🌪️ #BitcoinDomination