¡Hacia la luna! ¡Vamos $BTC 🚀 #BTCNewATH #BTCNewATHAgain | frank harper crypto en Binance Square

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frank harper crypto

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¡Hacia la luna! ¡Vamos $BTC  🚀
#BTCNewATH  #BTCNewATHAgain  #FullMarketBullRun  #Bitcoin110KNext?  #BinanceSquareFamily  

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#BTCNewATH #Bitcoin❗ Flash Crash Analysis: What Occurred? Market Overview Bitcoin ($BTC /USDT) experienced significant volatility, plummeting quickly after hitting a new All-Time High (ATH) of $108,300. In just 20 minutes, $BTC dropped to a low of $106,200, losing nearly $2,500 in value in an exceptionally swift movement. Key Observations 1. Sudden Drop: $BTC experienced a dramatic fall, signaling heavy selling pressure or a potential liquidity issue. Such quick moves often occur due to liquidations of leveraged positions. 2. Market Reaction: Volatility spiked as traders scrambled to react, leading to stop-loss triggers and panic selling, which further accelerated the decline. 3. Volume Surge: A surge in trading volume during the drop suggests large market participants (whales) or institutions may have initiated the sell-off. --- Technical Levels Resistance: $108,300 (recent high) remains the key barrier. A break above this is required for bullish continuation. Immediate Support: $106,200 – BTC is attempting to stabilize around this level. Critical Support: If selling pressure continues, BTC could test the next key zone at $105,500, and failure there may lead to a further dip toward $103,800. --- Reasons for the Drop 1. High Leverage: Excessive leveraged long positions could have triggered cascading liquidations. 2. Market Exhaustion: After hitting a new high, traders might have started booking profits, creating downward momentum. 3. Whale Activity: Large sell orders can disrupt the order book and cause sharp price declines. --- Short-Term Targets Bearish Scenario: If BTC fails to hold $106,200, expect a further drop toward $105,500 and potentially $103,800. Bullish Recovery: BTC must reclaim $107,500 for any upward move. A breakout above $108,300 would shift momentum back to the bulls. #BTCNewATH #PENGUOpening #BinanceAlpha #Write2Earn!

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How to Make $6.55 a Day on Binance Without Investing: A Step-by-Step Guide

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The Bitcoin liquidation map is a fascinating tool to track market movements! It’s amazing to see how liquidations can impact price fluctuations. #bitcoin

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Excited to join today’s #BinanceSeason X Spaces! Can’t wait to hear all the insights and what’s ahead for Binance in 2024! See you there! 🙌

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$BTC is currently within a rising wedge, a typical bullish reversal formation. However, the market remains unpredictable. A breakout above resistance could indicate a strong uptrend, while a drop below support might result in a more significant decline. #MarketNewHype #BTC☀ #bitcoin☀️ #Market_Update #BinanceSquareFamily

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