$BTC Bitcoin is coming to test the lower support region, as | Kriptoloji on Binance Square

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$BTC Bitcoin is coming to test the lower support region, as it seems we failed to break above our upper resistance region at 67,000. Currently, we will test the lower support region at 64,200. Unless we break above 67,000, we'll continue to oscillate between support and resistance.
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#Bitcoin Price Analysis and Market Situation Hello everyone, I was on vacation this week and wasn't around much. I enjoyed some time by the sea. #BTC is moving sideways in the $53,000 - $59,000 range, and the uncertainty continues. The $58,000 - $59,000 range has been tested three times but has not been surpassed yet. We are seeing the impact of sales from Germany. Although these sales are not very large, the news value creates additional selling pressure, amplifying the effect by three to four times.Whales have not made any sales so far; in fact, after the $56,000 support was lost, they increased their holdings by making purchases. This can be seen in the charts, indicating that the sales are not coming from whales. Additionally, #ETF investors have not made any sales, and we saw a net inflow of approximately $300 million yesterday. Despite the declines, ETF investors and whales continue to hold their assets without selling. The loss of the MA200 and the recent closes below the wick were negative, and the market has not found a clear direction yet. There is volatile price action due to the sales from Germany. Even if the price closes above $56,000, inconsistent sales from Germany can cause it to close below this level the next day. Therefore, trading based on the $56,000 level might lead to unnecessary stops. In this process, it would be more sensible to follow the break of the short-term resistance at $59,000. In my own assessment, the current market situation requires caution. The fact that whales and ETF investors are not selling indicates that the market remains fundamentally strong. However, the volatility caused by sales from Germany makes short-term trades risky. For long-term investors, such declines could present buying opportunities. If the price breaks the $59,000 resistance, a new upward trend might begin. Wishing everyone a great day and profitable trading.$BTC $NOT

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$BTC needed a Daily Close above 56750 to protect the late April bottom. Bitcoin has achieved this. Now, #BTC needs to further build on this early momentum in an effort to return back above the 60.600 level to reclaim the blue range

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U.S. non-farm payrolls exceeded expectations, with 206K jobs reported versus the 191K expected. Unemployment was reported at 4.1%, slightly above the anticipated 4.0%. $BTC $PEPE

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📈 Today, all eyes are on the Non-Farm Payrolls data at 15:30📈 Since #BTC is already reacting, it likely means the data will deviate significantly from expectations. The last time the Non-Farm Payrolls data was released, it turned the market into a bloodbath. We might be facing a similar scenario. In the US, employment changes and wages have remained robust, continuing to be a key argument for those advocating that the #Fed could keep interest rates high for a longer period. Therefore, today's data release will significantly impact risk appetite. Last month, the Non-Farm Payrolls ( #NFP ) came in at 272k, which was significantly outside the estimates, as has been the case for the past six data points. Looking at the behavior of other data points later on, they were always revised from the previous month. Specifically for this data, there's an interesting situation. The standard deviation of the estimates is 21.69k, the lowest in recent months, whereas previous months had standard deviations reaching up to 40k. $BTC $PEPE

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Crypto Fear and Greed Index 29 = FEAR You know what this means. $BTC

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