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Bitcoin completed the bottom on 2W timeframe
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$WIF Token Analysisđ¶đ„đ âœïž Technical Analysis 1. Key Technical Levels: âą Resistance Levels: âą 2.894 âą 3.839 âą 4.867 âą Support Levels: âą 2.362 âą 1.000 (Strong Support Zone) 2. Expected Trend: âą The current price (2.441) is below the key resistance level of 2.894. âą A descending trendline is putting downward pressure on the price. âą It is expected that the price will correct towards the demand zone (FVG) around 2.000 before it starts to rise again. âą Bullish Scenario includes breaking the descending trendline and moving towards the mentioned targets. 3. Momentum Indicators: âą Boom Pro: âą There is a short-term bearish signal, indicating selling pressure. âą A short-term downward movement is expected before a trend reversal. âą Stoch RSI: âą Heading downwards, indicating that bearish momentum may continue in the short term. âœïž Suggested Strategy: âą Entry at the Support Zone (FVG) between 2.000 and 2.362. âą Upside Targets: âą First target: 2.894 âą Second target: 3.839 âą Third target: 4.867 âą Stop Loss: âą Below the strong support zone at 1.000. âœïž Conclusion The price is expected to see a corrective move downwards before rebounding and rising towards the specified targets. It is advisable to closely monitor the technical indicators and enter the trade when the price reaches suitable support levels. #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
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$THETA Token Analysis and Expected Trend Key Analysis Points: đđđ 1. Overall Trend: âą The downward trend has continued for a while, but there are signs of a potential reversal. 2. Support and Resistance Levels: âą Strong Support: The green area near 1.20 USDT. âą Key Resistance: At 2.5347 USDT and 3.8189 USDT. 3. Technical Indicators: âą Stochastic RSI: In the lower region (34.90 and 28.09), indicating that the asset is in the oversold area and may see an upward movement soon. 4. Expected Trend: âą Current Downward Correction: May continue declining until it reaches the green support area (1.20 USDT). âą Potential Reversal: After reaching the strong support, the asset is expected to rise towards the mentioned resistance levels (2.5347 USDT and 3.8189 USDT). Recommendation: âą Entry: It is advisable to wait until the price reaches the support area (near 1.20 USDT) to enter buy positions. âą Targets: The first target at 2.5347 USDT and the second target at 3.8189 USDT. âą Warnings: Monitor other technical indicators such as volume and liquidity to confirm entry and exit signals. Summary: Theta Token shows signs of a potential reversal from the current downward trend after reaching the strong support area. Monitoring technical indicators and entering at support may provide good opportunities to achieve profits at the targeted resistance levels. #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
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âĄïžâš Breaking News: U.S. Senator Cynthia Lummis officially proposes a bill to establish a strategic Bitcoin reserve and purchase one million Bitcoin worth $68 billion.đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„đ„ $BTC #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
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Analysis of Bitcoin Dominance and Future Predictions Impacting Altcoins đ„đ„đ„đ„đ âœïž Chart Analysis: âą Bitcoin Dominance: Currently at 56.67%, indicating a strong upward trend. âą Support Levels: Significant support between 55.11% and 53.92% (green zone), suggesting potential rebound points if dominance drops. âą Future Targets: Expected to reach 58.12% if the current upward momentum continues. âœïž Predictions: âą Continued Uptrend: If dominance surpasses 58.12%, altcoins may suffer as funds shift towards Bitcoin. âą Potential Correction: A correction down to the support zone (55.11%-53.92%) could benefit altcoins, leading to their price increase. âœïž Impact on Altcoins: âą Rising Dominance: Puts pressure on altcoins, potentially causing their prices to decline. âą Falling Dominance: Could lead to a recovery in altcoin prices as investor interest diversifies. $BTC $SOL $ETH #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
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Summary of what Donald Trump said at the Bitcoin conference âœïžâOn the first day, I will fire Gary Gensler and appoint a new SEC chairman.â âœïž âI will support the sector to make America the global hub for the industry.â âœïž âThe United States has 210,000 bitcoins, and we will keep 100% of them. I will prevent the government from selling seized #Bitcoin.â âœïž âBitcoin does not threaten the dollar; the current administration does.â âœïžâI will turn seized #Bitcoin into a strategic reserve for the country.â #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #SOFR_Spike #BinanceTurns7 $BTC
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