LIVE๐๐ **$BTC Next Possible Scenarios:**
1. **Wick Filling Potential:** There's a possibility of wick filling, which could indicate short-term price volatility.
2. **Breakdown Consideration:** A breakdown scenario is also plausible if the current support zone fails to sustain its strength.
3. **Calculated Risk:** It's crucial to emphasize taking calculated risks rather than impulsive actions. Assessing risk factors and potential outcomes is key.
4. **Opportunities Abound:** The market offers opportunities around the clock, throughout the year. However, it's important to avoid revenge trading, especially to recover losses hastily.
Take your time to analyze and strategize before entering trades. Patience and diligence can lead to more favorable outcomes in trading endeavors. ๐๐
LIVEBut let's set the record straight:
1. $BTC encountered resistance and faced rejection
2. It attempted to re-test lower support levels
3. Sadly, today saw a #btcdom breakout, leading to a momentary surge followed by a rapid decline, as seen with TRB's rollercoaster ride
4.Key note: when $DXY ( dollar index) Rise ( which indeed happened today ) is inversely related with Crypto .
5. NO Doubt the war situation is just news.
and may affect some areas of operations . But we all did see Gold ( 1. RECESSION Pumps the gold 2. War Pumps the Gold)
Understanding the correlation between #BTC price and #BTCDOM fluctuations is key. As BTCDOM rises, altcoins often suffer significant losses
I tried with efforts to shed light on these dynamics that are admirable, especially amidst a community more inclined towards **sensationalism** than **substance** #StayInformed
Most important People with no-logic
40k views
People with proper Explanation Under 1k ๐คฃ
Nothing less i expected from #BinanceCommunity