#Bitcoin❗️ New #BullRun! imminent, don't get trapped 🕳 | TMC Binance Square

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#Bitcoin❗️  Jauns #BullRun!   nenovēršami, nenokļūstiet slazdā 🕳

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#Marketupdates Bitcoin has recently reclaimed the 4-hour EMA200 at $61.6k, which is a promising development for our long positions. This level has been retested several times, indicating solid support. However, we are still facing resistance at $62.5k, the previous week’s low, which remains unbroken. As we approach the weekend, we anticipate a typical low-volume Saturday, likely keeping BTC within a range of $61.6k to $62.5k. This creates potential trading opportunities at the extremes of this range. Strategy: Support Level: $61.6k – Look for buying opportunities if the price approaches this level. Resistance Level: $62.5k – Watch for potential selling opportunities if Bitcoin struggles to break through this point. Stay vigilant for any market shifts, especially as we navigate the weekend.

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#NFP data coming next hour

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#Marketupdate In recent days, we’ve successfully capitalized on the volatility in Bitcoin, securing some solid profits. The support level at $59.9k, marked by the Daily EMA200, has proven to be quite robust, with multiple strong reactions observed in this area. Currently, we’re facing resistance at $61.6k (4hr EMA200), where Bitcoin has rejected precisely from this level earlier today. For traders, the key focus is on the established range. We’re looking for a decisive 4-hour break above $61.6k to signal bullish momentum or a daily close below $59.9k for a clearer bearish outlook. Keep an eye on these levels for the next potential move in the market.

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TODAY IS GONNA BE A BIG DAY. Key Factors to Watch Today is poised to be a significant day for the financial markets, with several critical developments that could drive volatility. 1. #JobdataRelease In just a few hours, the U.S. will release important job data that is expected to heavily impact the stock market. Depending on the figures, we could see a sharp rally or a substantial decline. 2. #GeopoliticalTension Israel is reportedly planning a counterattack on Iran today. This escalation in conflict could create fear and uncertainty in the markets, further contributing to volatility. 3. #BitcoinWatch Bitcoin needs to hold the $60,000 level to maintain upward momentum. If it breaks below this support, we may see a rapid decline to the $56,000-$57,000 range. Market Sentiment The combination of geopolitical fears and the upcoming U.S. elections is creating a tense atmosphere for investors. Strategy Moving Forward Given the uncertainty, the best approach may be to hold your positions and avoid panic selling. Staying informed and composed will be essential in navigating today’s potential market swings. Stay tuned for updates as the situation develops! Thanlyou for Reading.

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