Currently $BTC is trading inside a pennant pattern and now i

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Currently $BTC is trading inside a pennant pattern and now is facing It's tradeline resistance. If market can take Break out this tradeline resistance, then market can grab liquidity above 72k 📈📉

Currently $BTC is trading inside a pennant pattern and now is facing It's tradeline resistance.  If market can take Break out this tradeline resistance, then market can grab liquidity above 72k 📈📉

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🌙 Eid Mubarak to our HUBsquad Community! 🌙 As we celebrate Eid ul-Adha, we wish you joy, peace, and prosperity. May this blessed occasion bring you closer to your dreams and investments. Enjoy the festivities and let’s keep building a bright future together, one block at a time! 🕌✨ Happy Eid! ✨🕌

Why Are Bitcoin and Ethereum Falling? The recent declines in Bitcoin (BTC) and Ethereum (ETH) prices can be attributed to several factors: Federal Reserve Concerns: Inflation Worries: Fed officials have highlighted ongoing inflation risks, leading to market uncertainty. Economic Data: Key indicators like the PPI, CPI, and retail sales are highly anticipated, contributing to market nervousness. Market Sentiment and Liquidations: Bearish Signals: Technical indicators have shown bearish trends for Bitcoin, prompting cautious market behavior. Liquidations: Over $156 million in liquidations within 24 hours has increased downward pressure on prices. Regulatory and Market Dynamics: ETF Inflows: Despite some optimism from Bitcoin ETF inflows, potential regulatory hurdles and upcoming Federal Reserve meetings are causing concern. FOMC Meeting Forecast Hawkish Stance: If the Fed emphasizes inflation control and suggests more rate hikes, bearish sentiment may continue, potentially leading to further declines in BTC and ETH prices. Dovish Stance: If the Fed hints at rate cuts or pauses, it could boost investor confidence, potentially sparking a rebound in crypto prices. Conclusion The recent crypto market downturn is driven by economic data anticipation, regulatory concerns, and technical factors. The FOMC meeting's outcome will be crucial in shaping the near-term trajectory for Bitcoin and Ethereum. Investors should prepare for continued volatility.

Twinkle, twinkle, crypto star Once so bright, now down so far. In the market's ups and downs, My wallet wears a constant frown.📉😃🤝 😂😂$BTC

ETH has hit the zone that I mentioned in the market update🙏 Congratulations to those who followed this update and took trade🤝

The (ETH/USDT) is currently trading at $3,691.93, down 0.42% for the day. ETH is now trading inside a bear flag pattern on the 45-minute chart, indicating a potential continuation of the recent downtrend. Key support is around $3,670, with resistance near $3,720-$3,740. A break below the bear flag could target lower levels at $3,600 and $3,560. Traders should watch for a breakout to determine the next significant move.

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