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Mr Fasi
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‼️‼️‼️ CAUTION: HOLD OFF ON CRYPTO INVESTMENTS FOR NOW ‼️‼️‼️ Take a close look at today's chart (1d) compared to the pattern before the 2021 bull run—it's strikingly similar. BTC is forming a shoulder-head-shoulder pattern, indicating a potential downturn. Expect a slight upward movement before a significant drop. The market is on the brink of a downturn, and investing now could result in losses. Wait for the market to dip before considering any investments! ❤️ Tip the creator #BTC #MarketAnalysis 📉💡

‼️‼️‼️ CAUTION: HOLD OFF ON CRYPTO INVESTMENTS FOR NOW ‼️‼️‼️

Take a close look at today's chart (1d) compared to the pattern before the 2021 bull run—it's strikingly similar. BTC is forming a shoulder-head-shoulder pattern, indicating a potential downturn.

Expect a slight upward movement before a significant drop. The market is on the brink of a downturn, and investing now could result in losses.

Wait for the market to dip before considering any investments!

❤️ Tip the creator

#BTC #MarketAnalysis 📉💡

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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📉 What's Next for $BTC After the Sharp Decline and How I'm Positioning Myself: 🔍 With the breakdown of the $60,000 support, $BTC experienced a sharp decline today, dropping to $56,000. Although $56,600 is currently acting as strong support, the fall may not be over yet. 🕒 Today's Fed rate decision is crucial, and the market's reaction to it will determine future movements. A rate decision higher than expected could lead to a steeper decline. 💡 If we see a daily close below $56,600, the next support level at $53,000 could be tested as there is no significant support in between. 📊 Currently, the price is 3% below the lower Bollinger Bands on the daily chart. Historically, such instances have led to immediate rebounds. While new highs might not be imminent, a short-term rise is possible. 📈 I anticipate revisiting the +$60,000 levels soon, so I'm closing my short positions and increasing my long positions. However, these long positions are short-term, preparing for new short positions. 📅 Looking ahead, I expect declining volume and more sideways movement throughout May and Q2. Trading within the $56,000-$60,000 range might frustrate many traders, but it's crucial to stay in the game and stick to your strategy. 🚀 This morning, I opened a $ETH long position at $2,860, aiming to close it at +$3,000. In case of negative news before reaching this target, I'll accept the situation and set a stop loss. 🔮 Remember, predicting the future is uncertain. Positions taken depend on individual risk appetite and financial situation. Always have your own plan! #BTC #ETH #CryptoTrading #MarketAnalysis
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🚀 Today's market is on high alert due to key data releases in the US. The PMI precursor data and the Fed's interest rate decision are expected to trigger significant volatility, particularly impacting XAUUSD and Nasdaq. 🕘 At 21:00, the Fed's interest rate decision will be announced. The consensus is that the Fed will maintain the interest rate unchanged, which aligns with my view as well. 🎙️ However, the spotlight will be on Powell's statements at 21:30. Why? The market is currently pricing in potential Fed interest rate cuts based on the timeline. Expectations suggest the Fed will cut rates once by the end of the year, likely in December. 🔍 Powell's speech is crucial because any hints of earlier rate cuts or the possibility of more than one cut would be favorable for BTC. #FedDecision #MarketVolatility #BTC #FOMC
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📊 BTC Market Analysis 📈 This updated chart reflects the evolution of the previously labeled chart. The $60,500 level, as mentioned earlier, has been tested six times since moving away from that range. This region has proven its significance repeatedly. It's a common belief in the market that the more a region is tested, the weaker it becomes, which holds true to some extent. Although we've previously discussed the possibility of the $52K region on a weekly basis, I now find it rather surprising. There are three critical levels indicated by the red lines: $57K, $55K, and $52K. While there's a chance we might see a bounce back to $57K, depending on the Federal Reserve's announcement tomorrow, anything lower than that would be unexpected for me. Personally, I anticipate BTC to rebound from here, possibly accepting the $57K level. I expect significant market increases until July. However, we remain cautious, making gradual purchases on the spot side and refraining from stop transactions on the margin side. #BTC #Bitcoin #MarketAnalysis
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