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"Welcome to Oktobear, not Oktobull!" Bitcoin bulls are in for a rude awakening this month. Historically, October has been dubbed Uptober, a time for Bitcoin to rally. But not this year. The signs are clear: market sentiment is shifting, and Bitcoin is standing on the edge of a cliff, ready to plummet. With global economic tensions rising, inflationary pressures, and regulatory crackdowns intensifying across major markets, it's no surprise that Bitcoin is struggling to hold its ground. Major institutions are offloading their holdings, and the whales are retreating, leaving the retail investors to face the storm alone. The technicals are flashing red: the charts are showing lower highs, volumes are thinning, and key support levels are weakening. We're not looking at a correction – we’re staring at the possibility of a freefall. Don't be surprised if Bitcoin takes a deep dive this month. Forget Oktobull, welcome to Oktobear! A time where Bitcoin is set to tumble into the abyss." $BTC #marketdownturn #oktobear #cryptocurreny
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$ETH #Binance slow down! short now.
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$WLD this shitcoin!!! not good for trade⚠️
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$CATI open long position now guys!!!
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This chart appears to show an analysis of Bitcoin (BTC) price movement with key levels of support and resistance, along with annotations indicating possible future trends. Resistance Levels: Around 69,693.39: If the price breaks this all-time high (ATH), it could suggest a bullish continuation, but caution is mentioned that it might be a "bull trap" (false breakout) where price spikes only to fall back quickly. Around 66,575.52: Marked as a significant resistance level. Support Levels: Around 52,008.61: This area is identified as a significant support zone, potentially an ideal buying opportunity ("AREA IDEAL MEMBELI"). 46,052.85: Anticipation of price possibly dumping to this level if the correction continues. Trend Lines and Patterns: A downward trend is shown, but annotations suggest that "Selagi masih di kolom ini masih bullish", meaning that as long as the price remains within this specific range (likely between 59,812.35 and 58,469.73), the bullish outlook remains valid. If certain levels break (possibly indicated by wicks in the candlesticks), further corrections could lead to additional sell-off pressure. Fibonacci Levels: The Fibonacci retracement level of 61.8% aligns with the price around 64,295 and 63,274, indicating a significant area for potential reversal or consolidation. Another 0.5 (50%) retracement aligns near 61,362.43, also marked as a crucial support/resistance level. Future Price Movement Projections: Two possible bullish scenarios are outlined with blue arrows, indicating potential upward movements once corrections or consolidations around current levels are completed. $BTC
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