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#BTC
1W
The average #Bitcoin correction would set $
BTC
back at $59,000.
Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado.
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We can see a re-bounce from this positions. but look out for bullish confirmation first. and dont forget to #DYOR $BTC
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#BTC 1D Bitcoin printed bearish divergence with RSI on the daily chart and most lower time frames. Look for bullish divergence.
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$BTC is again under Down Trend! if it breaks it, 100k will be Next spot.
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Breaking Down the Bitcoin Sell-Off Another significant sell-off has hit Bitcoin, this time originating from increased volume at the upper boundary of the downward channel on the CME chart. Is this just market manipulation? Many are speculating that the recent plunge, amounting to roughly $2 billion in Bitcoin, was orchestrated by the US government. It’s a perplexing situation where crypto is simultaneously praised and undermined by those in power. Clearly, the scales still tip in favor of the naysayers. What's next for Bitcoin? For now, my outlook remains unchanged. I anticipate a rebound from the channel's upper boundary, followed by continued movement within the broader downward channel. To confirm a sustained downtrend, Bitcoin needs to break below 67-66K initially, and then dive under the 64K mark. Let’s keep a close eye on these levels! #Bitcoin #Market #manipulations
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Funding Rates have remained largely the same for the past month. This is on the back of a large drop & recovery during the start of July. It's safe to assume that a lot of funding is being held at steady levels due to basis trading by for example Ethena.
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