FTX will begin distributing $16 billion to its creditors sta | tradingbycfpro sur Binance Square

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FTX will begin distributing $16 billion to its creditors starting on upcoming monday.
Most of that liquidity will come back into #Bitcoin & #Altcoins. 
#tradingbycfpro #bitcoin☀️   

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.

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Bitcoin crash 🚨🚨🚨🚨🚨🚨 "Beware of the deceptive market moves in Bitcoin. Despite appearing to break through resistance levels on the charts, it’s all part of a fake breakout. October is set to be a full-on bearish month, and a significant crash is likely by the end of the month. With key figures like Elon Musk and Donald Trump promoting crypto for their own gains, and Binance's CZ being released from jail, many are being misled into thinking the market is bullish. But mark my words — Bitcoin could dip hard below $50k, even reaching $45k or $40k. Stay cautious and always remember: a bad crash can happen at any moment before October ends. Be prepared!" #Tradingbycfpro #CATIonBinance #BTC☀ #Bitcoin❗

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l - **Ascending Triangle Pattern**: The rebounding from the support trendline within this pattern is a critical moment. If it holds, USDT Dominance may push higher, which typically reflects uncertainty or capital flowing into stablecoins as a hedge, suggesting market caution or correction. - **Ichimoku Cloud**: The cloud offering support reinforces the bullish bias for USDT dominance. This further implies that market participants may be retreating into USDT for safety, signaling potential short-term bearishness for crypto assets. - **Scenario 1 - Bounce from Trendline**: If dominance rises, it may coincide with a broader crypto market correction as capital flees into safer assets. - **Scenario 2 - Breakdown**: A breakdown from the pattern would likely mean a decline in USDT Dominance, signaling capital flow out of stablecoins and back into cryptocurrencies. This would confirm bullish sentiment across the crypto market. Given the inverse relationship between USDT Dominance and the crypto market, monitoring these levels can provide strong indications for shifts in market sentiment. Keep a close watch on the trendline and cloud support for actionable signals.

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Still standing strong 🥇🐂 #tradingbycfpro #BTC☀

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