The market is barely recovering from our minor support range and is currently trading near an LQD zone, which is around the 91K price range. The market may create a wick above this range and take another correction from there. As I mentioned in the last market update, we might see a sideways movement in the market. If the market manages to close a couple of healthy 4 hour candles above this range, it could move towards 96K.
The market is barely recovering from our minor support range and is currently trading near an LQD zone, which is around the 91K price range. The market may create a wick above this range and take another correction from there. As I mentioned in the last market update, we might see a sideways movement in the market. If the market manages to close a couple of healthy 4 hour candles above this range, it could move towards 96K.
THE DOCTOR CRYPTOHUB
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Жоғары (өспелі)
MARKET UPDATE. As long as BTC holds its minor support range, we can expect the market to remain sideways and show signs of recovery. If the market breaks down its minor support range, it will continue moving toward its weekly imbalance.
MARKET UPDATE. As long as BTC holds its minor support range, we can expect the market to remain sideways and show signs of recovery. If the market breaks down its minor support range, it will continue moving toward its weekly imbalance.
THE DOCTOR CRYPTOHUB
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Төмен (кемімелі)
The market has reacted exactly as i mentioned in the previous market update. It is currently rejecting from the point i mentioned, and I expect it to fall further from here.
GM my beloved members, I hope all of your funds are SAFU😺🫨 And i guess that you all are enjoying today's market correction because you were already aware of this possibility since I had informed you about it.🤝
THE DOCTOR CRYPTOHUB
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Төмен (кемімелі)
The market has reacted exactly as i mentioned in the previous market update. It is currently rejecting from the point i mentioned, and I expect it to fall further from here.
The market has reacted exactly as i mentioned in the previous market update. It is currently rejecting from the point i mentioned, and I expect it to fall further from here.
Market update : Due to panic and selling pressure in the market, it created a wick towards the 84K zone but failed to recover from there, resulting in a continuous fall. Currently, the market is trying to recover after kissing the weekly imbalance box. If today's daily candle closes above 85K, we may see some further recovery in the market.
Bybit crypto exchange has reportedly suffered a $1.4 billion ETH and stETH hack. While initial reports were unverified, Bybit's founder has now confirmed the incident.
Bybit has previously dismissed rumors regarding security breaches, but this confirmation raises concerns about the safety of funds on the platform. Users are strongly advised to take necessary precautions, secure their assets, and monitor further updates regarding the situation.
Bitcoin market update | BTC created a huge wick below our minor demand zone and has barely recovered from there. Currently, it is trading near $100k, and I expect the market to create a wick above $103k from here. After that, I anticipate seeing another rejection from that level. However, I would like to inform you that if BTC can close above $106k on the daily timeframe, the market will turn bullish from there.
THE DOCTOR CRYPTOHUB
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Төмен (кемімелі)
Bitcoin market update | From a retail perspective, the market is looking good, and it is recovering from its daily trendline support, which I mentioned in the previous update. The market is approaching horizontal resistance, which is around the $107,000 price range. A new monthly candle is set to open tonight, and in that case, we might see a wick to the upside. However, unless we get a daily candle closing above the horizontal range, we are not considering the market as bullish.
Bitcoin market update | From a retail perspective, the market is looking good, and it is recovering from its daily trendline support, which I mentioned in the previous update. The market is approaching horizontal resistance, which is around the $107,000 price range. A new monthly candle is set to open tonight, and in that case, we might see a wick to the upside. However, unless we get a daily candle closing above the horizontal range, we are not considering the market as bullish.
THE DOCTOR CRYPTOHUB
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Төмен (кемімелі)
The market is currently trying to create confusion, but if you can read the market chart, it becomes quite easy to understand. In a retail-style approach, the market is retesting its 1D trendline support range and recovering from there. However, if we observe the market through the Smart Money Concept , we can see that the market remains bearish up to 95K unless it crosses 107K. So, according to this update, keep watching the market accordingly. 🤝👊
FOMC MEETING UPDATE 🚨 The Federal Reserve is expected to keep interest rates unchanged at 4.25% to 4.50%, given persistent inflation and a strong labor market. However, analysts see a 25% chance of future rate hikes if inflation rises further. For the crypto market, a Hawkish FED stance (signaling higher or prolonged rates) could be bearish, while a dovish stance (indicating potential rate cuts) might be bullish.
Overall outcome is expected to be bearish because the Fed is not signaling any rate cuts yet. Higher interest rates usually put pressure on crypto prices.
All eyes are on Fed Chair Jerome Powell’s speech at 1:00 AM (BD) (GMT): 7:00 PM for further market direction.
The market is currently trying to create confusion, but if you can read the market chart, it becomes quite easy to understand. In a retail-style approach, the market is retesting its 1D trendline support range and recovering from there. However, if we observe the market through the Smart Money Concept , we can see that the market remains bearish up to 95K unless it crosses 107K. So, according to this update, keep watching the market accordingly. 🤝👊
THE DOCTOR CRYPTOHUB
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Look, how perfectly this chart is playing out 😃💯 After break out it’s tradeline resistance the market taken a retest and after that it’s pumping harder from there. from current point of view we can expect to see the market around $111k to $113k
Bitcoin market update in 1d | Last week, I shared a similar chart to inform that the market had taken liquidity above our ATH. In this case, we could see a fall from here, and the market is now taking a strong rejection from that zone. Currently, the market is moving toward its minor demand zone, which is around the 95k price range. We expect the market to recover after completing its minor demand zone.
THE DOCTOR CRYPTOHUB
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Төмен (кемімелі)
Bitcoin market update | In the last Bitcoin market update, I mentioned that the market would complete our Extreme IDM with a healthy daily candle, and the market has done so. Currently, the market is trading above our Extreme IDM point and has already taken the liquidity above the ATH. Considering the current scenario, we could see the market move toward $111K to $113K. After that, I expect to see some correction in the market. Since the market has already touched $110K, it wouldn’t be surprising to see a rejection from this level.
BTC has grabbed the liquidity above its ATH and has fallen sharply from there, as I informed yesterday. The market is currently recovering from the 1D trendline support range, which is around the $100K price range. We can expect the market to move towards the $107,000 level again.
THE DOCTOR CRYPTOHUB
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Төмен (кемімелі)
Bitcoin market update | In the last Bitcoin market update, I mentioned that the market would complete our Extreme IDM with a healthy daily candle, and the market has done so. Currently, the market is trading above our Extreme IDM point and has already taken the liquidity above the ATH. Considering the current scenario, we could see the market move toward $111K to $113K. After that, I expect to see some correction in the market. Since the market has already touched $110K, it wouldn’t be surprising to see a rejection from this level.
Bitcoin market update | In the last Bitcoin market update, I mentioned that the market would complete our Extreme IDM with a healthy daily candle, and the market has done so. Currently, the market is trading above our Extreme IDM point and has already taken the liquidity above the ATH. Considering the current scenario, we could see the market move toward $111K to $113K. After that, I expect to see some correction in the market. Since the market has already touched $110K, it wouldn’t be surprising to see a rejection from this level.
THE DOCTOR CRYPTOHUB
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Жоғары (өспелі)
Market update | Last week, I mentioned in the market update that if BTC could close a daily candle above $97,500, the market would turn bullish from there, and we are seeing evidence of that in the market. Currently, it is trading below that zone after kissing our extreme IDM. Hopefully, the market will complete the extreme IDM with a healthy daily candle, and after that, we expect a rejection from there
Look, how perfectly this chart is playing out 😃💯 After break out it’s tradeline resistance the market taken a retest and after that it’s pumping harder from there. from current point of view we can expect to see the market around $111k to $113k
THE DOCTOR CRYPTOHUB
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Жоғары (өспелі)
At the end of the day, yesterday's candle closing was bullish, based on which the market was able to break the trendline resistance. Now, multiple daily candle closings above this range and a retest are required.
And yes, for this to happen, the ongoing daily candle must definitely have a positive and healthy close.😃
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