This chart presents a technical analysis of the BTCUSDT Perpetual Futures on the daily timeframe (1D). Summary of the Analysis: Nearest Supply (Resistance) Zone: 86,276 – 88,518 (yellow box): This is the 38.20% Fibonacci retracement from the recent swing. BTC is currently testing this resistance area. Strong Demand (Support) Zone: 73,843 – 76,862 (bottom purple box): This is a strong support area aligned with the 61.8% Fibonacci level (73,112). Price previously bounced strongly from this zone. Potential Upside Targets (on breakout): 93,337 – 96,732 (top purple box): This is the next supply zone if BTC breaks above the current resistance. It aligns with the 61.8% and 78.6% retracement levels from the prior structure. #bitcoin #BuyTheDip
This chart presents a technical analysis of the BTCUSDT Perpetual Futures on the daily timeframe (1D). Summary of the Analysis: Nearest Supply (Resistance) Zone: 86,276 – 88,518 (yellow box): This is the 38.20% Fibonacci retracement from the recent swing. BTC is currently testing this resistance area. Strong Demand (Support) Zone: 73,843 – 76,862 (bottom purple box): This is a strong support area aligned with the 61.8% Fibonacci level (73,112). Price previously bounced strongly from this zone. Potential Upside Targets (on breakout): 93,337 – 96,732 (top purple box): This is the next supply zone if BTC breaks above the current resistance. It aligns with the 61.8% and 78.6% retracement levels from the prior structure. #bitcoin #BuyTheDip $BTC
Maximum leverage doesn't matter if you know how many coins you want to trade and the risk you are prepared to take. Use calculator provided to determine the risk of coins you trade
Itsthefreeworld97
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Entered $SOL at 120.17 with 69x leverage… Watched it dance around my entry for a while… then BOOM — liquidated at 121.2.
Leverage bites. And it bites hard 🥲
Some days you win. Some days you get a life lesson with a price tag.
Anyone else feeling the pain lately or are you all printing?
Remember WE NEVER GIVE UP ! #SOL #Solana #CryptoTrading #LeverageBites #LiquidationFeels
The daily candlestick chart shows a technical analysis pattern using wave theory, characterized by five numerical waves (1-5) to identify the Bitcoin (BTC) price trend in the USDT pair. The yellow line forms a zig-zag pattern indicating an upward trend movement and a downward correction. Support and resistance points are marked with blue and red horizontal lines. Transaction volume is displayed at the bottom of the chart with a blue and red histogram, providing an overview of market activity.
#BTC100Ksoon #BTC Bitcoin is one of the most fascinating and controversial technological innovations in recent decades. As the first decentralized digital currency, Bitcoin has the potential to change the way we conduct transactions and store value. The key advantage of Bitcoin lies in its blockchain system, which allows transactions to be conducted securely, transparently, and without intermediaries like banks or financial institutions. However, despite its many advantages, there are several challenges to consider. One concern is the high price volatility, which makes many people hesitant to use it as a stable means of payment. Additionally, while its blockchain technology is secure, some remain wary of the potential misuse of Bitcoin for illegal activities, such as money laundering and purchasing illicit goods. On the other hand, Bitcoin also shows significant potential as an investment tool. Many investors view it as "digital gold" that can serve as a hedge against inflation and economic uncertainty. However, there is still no global consensus on how Bitcoin should be regulated, leading to further uncertainty. Overall, I believe that Bitcoin is one of the great achievements in the digital financial world, although there are still many issues that need to be addressed. With ongoing developments, I am optimistic that Bitcoin can bring positive changes to the global financial system, provided that its existing challenges are handled wisely.