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$ZRO Start Downtrends strictly and will be down by $3 soon. Go and invest in it and take short trades to earn handsome amount. You should be happy to take these signals and make your profit. $ZRO /USDT Analysis: $ZRO /USDT is currently trading at $3.4, down 14.91%. The 24-hour high is $4.262 with a low of $3.372. The volume shows significant interest, with 33.88M ZRO and 127.79M USDT traded in 24 hours. Key support levels are at $3.0 and $2.3, while resistance is at $4.3. The price fluctuation suggests potential for profitable trades. Traders should watch for a breakout above $4.3 or a rebound from $3.0, using RSI and MACD indicators to time their entries and exits for optimal gains. #ZROUSDT #BEARISH📉 #Write2Earn! #ETH_ETFs_Approval_Predictions #BinanceTournament {spot}(ZROUSDT)
$ZRO Start Downtrends strictly and will be down by $3 soon. Go and invest in it and take short trades to earn handsome amount. You should be happy to take these signals and make your profit.

$ZRO /USDT Analysis:

$ZRO /USDT is currently trading at $3.4, down 14.91%. The 24-hour high is $4.262 with a low of $3.372.

The volume shows significant interest, with 33.88M ZRO and 127.79M USDT traded in 24 hours.

Key support levels are at $3.0 and $2.3, while resistance is at $4.3.

The price fluctuation suggests potential for profitable trades.

Traders should watch for a breakout above $4.3 or a rebound from $3.0, using RSI and MACD indicators to time their entries and exits for optimal gains.

#ZROUSDT #BEARISH📉 #Write2Earn! #ETH_ETFs_Approval_Predictions #BinanceTournament
Title: Market Analysis: Understanding the Bearish Trends of $ENA The current market situation is causing panic among many investors, but it's important to remember that this is not just about one coin – it's about the entire market. By examining the bearish trend on the $BTC chart since June 6, 2024, it becomes evident that $ENA has also been experiencing rapid bearish movement during the same period. This shift is indicative of wider market conditions affecting ENA's performance. Rather than succumb to worry and panic, consider this a potential opportunity to acquire $ENA at a discounted price. #ENA #ENAUSDT🚨 #BEARISH📉 #CPIAlert #ETH_ETFs_Approval_Predictions {spot}(ENAUSDT) {spot}(BTCUSDT)
Title: Market Analysis: Understanding the Bearish Trends of $ENA

The current market situation is causing panic among many investors, but it's important to remember that this is not just about one coin – it's about the entire market. By examining the bearish trend on the $BTC chart since June 6, 2024, it becomes evident that $ENA has also been experiencing rapid bearish movement during the same period. This shift is indicative of wider market conditions affecting ENA's performance. Rather than succumb to worry and panic, consider this a potential opportunity to acquire $ENA at a discounted price.
#ENA #ENAUSDT🚨 #BEARISH📉 #CPIAlert #ETH_ETFs_Approval_Predictions
#EthereumPrice Plummets: Potential Recovery Hindered by #BEARISH📉 Pressure Ethereum Price Declines Below Key Support Levels Ethereum failed to surpass the $3,520 zone and initiated a fresh decline, dropping below the $3,250 support and testing the $3,150 zone. Key Points: - Ethereum began a downward trend below $3,320 and $3,250. - The price is trading below $3,250 and the 100-hourly Simple Moving Average. - A key bearish trend line with resistance near $3,325 is forming on the hourly chart of ETH/USD (data via Kraken). - Gains might be limited above the $3,320 zone. Price Analysis: Ethereum couldn't sustain momentum above $3,450 and $3,420, leading to a decline below $3,320. It fell past $3,250 and $3,220, testing the $3,150 support after a 5% drop. A low was formed at $3,156, with the price now consolidating losses. ETH is testing the 23.6% Fib retracement level from the $3,426 swing high to the $3,156 low. Trading below $3,300 and the 100-hourly SMA, ETH may face resistance at $3,250 and $3,300. The major resistance levels are $3,325 and $3,365. Breaking above $3,365 could push ETH toward $3,450 and potentially $3,500. Potential for Another Decline: If Ethereum fails to clear $3,320, it may continue declining. Initial support is at $3,200, with major support at $3,150. A move below $3,150 could drive ETH toward $3,080 or $3,050. Technical Indicators: - Hourly MACD: Gaining momentum in the bearish zone. - Hourly RSI: Below the 50 level. - Major Support Level: $3,150 - Major Resistance Level: $3,320 Source - newsbtc.com
#EthereumPrice Plummets: Potential Recovery Hindered by #BEARISH📉 Pressure

Ethereum Price Declines Below Key Support Levels

Ethereum failed to surpass the $3,520 zone and initiated a fresh decline, dropping below the $3,250 support and testing the $3,150 zone.

Key Points:

- Ethereum began a downward trend below $3,320 and $3,250.

- The price is trading below $3,250 and the 100-hourly Simple Moving Average.

- A key bearish trend line with resistance near $3,325 is forming on the hourly chart of ETH/USD (data via Kraken).

- Gains might be limited above the $3,320 zone.

Price Analysis:

Ethereum couldn't sustain momentum above $3,450 and $3,420, leading to a decline below $3,320. It fell past $3,250 and $3,220, testing the $3,150 support after a 5% drop. A low was formed at $3,156, with the price now consolidating losses. ETH is testing the 23.6% Fib retracement level from the $3,426 swing high to the $3,156 low.

Trading below $3,300 and the 100-hourly SMA, ETH may face resistance at $3,250 and $3,300. The major resistance levels are $3,325 and $3,365. Breaking above $3,365 could push ETH toward $3,450 and potentially $3,500.

Potential for Another Decline:

If Ethereum fails to clear $3,320, it may continue declining. Initial support is at $3,200, with major support at $3,150. A move below $3,150 could drive ETH toward $3,080 or $3,050.

Technical Indicators:

- Hourly MACD: Gaining momentum in the bearish zone.

- Hourly RSI: Below the 50 level.

- Major Support Level: $3,150

- Major Resistance Level: $3,320

Source - newsbtc.com
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Hello, As it is a #BEARISH📉 momentum throughout the day almost in all Major Coins, Many of my #longpositions is in loss. Who had followed previously, you know we had profits. In Crypto market, there is always Risk. And Where there is Risk, there is Chance. And Where there is Profit, there is loss too. You are taking profit means anybody in somewhere around the world is lossing. Keep your heads up. Will advice not to carry long trades so many as $BTC is falling. We will come back soon. Stay always connected.
Hello,
As it is a #BEARISH📉 momentum throughout the day almost in all Major Coins, Many of my #longpositions is in loss. Who had followed previously, you know we had profits.

In Crypto market, there is always Risk.
And Where there is Risk, there is Chance.
And Where there is Profit, there is loss too.
You are taking profit means anybody in somewhere around the world is lossing.

Keep your heads up. Will advice not to carry long trades so many as $BTC is falling.

We will come back soon. Stay always connected.
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$PEOPLE - A BIG DUMP IS EXPECTED📉 -Bearish hammer daily📈 -Bear flag pattern H4📈 -Head & shoulder pattern Daily?👀📉 -Bearish retest of the 0.1020 - 0.100$ last key support ✅ I think that the upward wave correction is end end a deeper correction is awaited! 🚨 According to my lines the price should correct toward the 0.0650$ or even the 0.600$ support zone! [mid term]📉 All charts & pattern are bearish 🚨 Important levels are in the charts. #DYOR #BTC☀ #PEOPLEbearish #BEARISH📉
$PEOPLE - A BIG DUMP IS EXPECTED📉

-Bearish hammer daily📈
-Bear flag pattern H4📈
-Head & shoulder pattern Daily?👀📉
-Bearish retest of the 0.1020 - 0.100$ last key support ✅

I think that the upward wave correction is end end a deeper correction is awaited! 🚨

According to my lines the price should correct toward the 0.0650$ or even the 0.600$ support zone! [mid term]📉

All charts & pattern are bearish 🚨
Important levels are in the charts.

#DYOR #BTC☀ #PEOPLEbearish #BEARISH📉
A crypto rug pull is a type of scam in the cryptocurrency world where the developers of a project suddenly withdraw all their funds from the project's liquidity pool, causing the value of the associated token to plummet. This leaves investors with worthless tokens and often results in significant financial losses. Rug pulls typically occur in decentralized finance (DeFi) projects, especially those that involve newly created tokens with minimal regulatory oversight. Is Worldcoin a rug pull? $WLD #BEARISH📉 #Altcoinseason2024
A crypto rug pull is a type of scam in the cryptocurrency world where the developers of a project suddenly withdraw all their funds from the project's liquidity pool, causing the value of the associated token to plummet. This leaves investors with worthless tokens and often results in significant financial losses. Rug pulls typically occur in decentralized finance (DeFi) projects, especially those that involve newly created tokens with minimal regulatory oversight.

Is Worldcoin a rug pull?
$WLD
#BEARISH📉
#Altcoinseason2024
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Even before yesterday's news about $LDO the 1D chart did not paint a pretty picture for #LDO/USDT📈 It is suspected that the recent move by the Sec against LDO will simply amplify the #BEARISH📉 momentum we are observing in the market and could well reach 0.95 sooner than expected.
Even before yesterday's news about $LDO the 1D chart did not paint a pretty picture for #LDO/USDT📈
It is suspected that the recent move by the Sec against LDO will simply amplify the #BEARISH📉 momentum we are observing in the market and could well reach 0.95 sooner than expected.
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💥💥💥 #bitcoinprice Faces Potential Dive: Key Support Levels to Monitor Bitcoin Price Struggles Below Resistance, Risking Further Decline - Bitcoin's price failed to reclaim levels above the $62,500 resistance zone & is displaying bearish signals, potentially dropping below the crucial $60,000 support. Bitcoin Faces Resistance #BEARISH📉 Trend - Bitcoin attempted a recovery above the $61,200 mark but encountered strong resistance near $62,500. The subsequent decline saw the price falling below $61,500 & the 23.6% Fibonacci retracement level of the upward move from the $58,448 low to $62,454 high. - Currently, BTC is trading below $62,000 & the 100-hourly Simple Moving Average, indicating bearish momentum. A significant bearish trend line is forming with resistance around $61,850 on the hourly chart of the BTC/USD pair sourced from Kraken. Potential Scenarios for Bitcoin Price - If Bitcoin manages to break above the $62,000 resistance, it could initiate a steady upward move. Key resistances on the way up include $61,500, $61,850 (trend line resistance), and $62,000. A clear break above $62,000 might pave the way for a test of the $62,500 resistance, with further gains possibly targeting $63,500. - However, failure to breach the $62,000 resistance zone could lead to another downward movement. Initial support is near $60,450, followed by a crucial support level at $60,000. Further downside pressure might push BTC towards $59,500 & potentially down to the $58,500 support area in the near term. Technical Indicators - Hourly MACD: The #MACD is currently in the bearish zone, indicating increased selling pressure. - Hourly RSI (Relative Strength Index): The #RSI for BTC/USD is below the 50 level, suggesting bearish momentum. Summary Bitcoin faces resistance near $62,000 & $62,500 after failing to sustain above the $62,500 level. A break above $62,000 is crucial for potential upside towards higher resistances. Conversely, a failure to hold above $60,000 may lead to further losses with initial supports near $60,450 & $60,000. Source - newsbtc.com
💥💥💥 #bitcoinprice Faces Potential Dive: Key Support Levels to Monitor

Bitcoin Price Struggles Below Resistance, Risking Further Decline

- Bitcoin's price failed to reclaim levels above the $62,500 resistance zone & is displaying bearish signals, potentially dropping below the crucial $60,000 support.

Bitcoin Faces Resistance #BEARISH📉 Trend

- Bitcoin attempted a recovery above the $61,200 mark but encountered strong resistance near $62,500. The subsequent decline saw the price falling below $61,500 & the 23.6% Fibonacci retracement level of the upward move from the $58,448 low to $62,454 high.

- Currently, BTC is trading below $62,000 & the 100-hourly Simple Moving Average, indicating bearish momentum. A significant bearish trend line is forming with resistance around $61,850 on the hourly chart of the BTC/USD pair sourced from Kraken.

Potential Scenarios for Bitcoin Price

- If Bitcoin manages to break above the $62,000 resistance, it could initiate a steady upward move. Key resistances on the way up include $61,500, $61,850 (trend line resistance), and $62,000. A clear break above $62,000 might pave the way for a test of the $62,500 resistance, with further gains possibly targeting $63,500.

- However, failure to breach the $62,000 resistance zone could lead to another downward movement. Initial support is near $60,450, followed by a crucial support level at $60,000. Further downside pressure might push BTC towards $59,500 & potentially down to the $58,500 support area in the near term.

Technical Indicators

- Hourly MACD: The #MACD is currently in the bearish zone, indicating increased selling pressure.

- Hourly RSI (Relative Strength Index): The #RSI for BTC/USD is below the 50 level, suggesting bearish momentum.

Summary

Bitcoin faces resistance near $62,000 & $62,500 after failing to sustain above the $62,500 level. A break above $62,000 is crucial for potential upside towards higher resistances.
Conversely, a failure to hold above $60,000 may lead to further losses with initial supports near $60,450 & $60,000.

Source - newsbtc.com
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🔥🔥🔥 $XRP Price Dips Again: What’s Causing The Continued Slide? #XRPPrice Struggles and Potential Decline The XRP price has struggled to break through the $0.480 resistance zone and is currently declining, potentially dropping below the $0.468 support level. Key Points: - Failed Gains: XRP couldn't extend gains above the $0.480 resistance and is now trading below $0.475 and the 100-hourly Simple Moving Average (SMA). - Bearish Trend: A major bearish trend line forms resistance at $0.472 on the hourly chart (data source: Kraken). - Possible Rejections: The pair might face rejections near $0.472 and $0.480. Price Movement: XRP attempted a recovery above $0.472, similar to #bitcoin☀️ and Ethereum , but faced resistance near $0.480. The price reached a high of $0.4797 before starting a fresh decline. It moved below $0.475 and $0.472, falling past the 50% Fib retracement level from $0.4619 to $0.4797. The price is now below $0.475 and the 100-hourly SMA, finding bids near the 61.8% Fib retracement level. Resistance Levels: - Initial resistance at $0.472. - First major resistance at $0.475. - Main hurdle at $0.480. A clear move above $0.480 could push the price towards $0.485, with further resistance at $0.500. A close above $0.500 might lead to a rise to $0.512 and potentially $0.525. Potential for More Losses: - If XRP fails to clear the $0.472 resistance, it may continue to decline. Initial support is at $0.468, followed by major support at $0.462. A break below $0.462 could lead to further declines, possibly dropping below $0.432. Technical Indicators: - Hourly MACD: Gaining pace in the #BEARISH📉 zone. - Hourly RSI: Below the 50 level. - Major Support Levels: $0.468 and $0.462. - Major Resistance Levels: $0.472 and $0.480. In summary, XRP needs to break the $0.472 and $0.480 resistance levels to start a significant recovery. Failing to do so could result in continued declines, with key support at $0.462. Source - newsbtc.com #CryptoMarketTrend #BinanceSquareTalks
🔥🔥🔥 $XRP Price Dips Again: What’s Causing The Continued Slide?

#XRPPrice Struggles and Potential Decline

The XRP price has struggled to break through the $0.480 resistance zone and is currently declining, potentially dropping below the $0.468 support level.

Key Points:

- Failed Gains: XRP couldn't extend gains above the $0.480 resistance and is now trading below $0.475 and the 100-hourly Simple Moving Average (SMA).

- Bearish Trend: A major bearish trend line forms resistance at $0.472 on the hourly chart (data source: Kraken).

- Possible Rejections: The pair might face rejections near $0.472 and $0.480.

Price Movement:

XRP attempted a recovery above $0.472, similar to #bitcoin☀️ and Ethereum , but faced resistance near $0.480. The price reached a high of $0.4797 before starting a fresh decline. It moved below $0.475 and $0.472, falling past the 50% Fib retracement level from $0.4619 to $0.4797. The price is now below $0.475 and the 100-hourly SMA, finding bids near the 61.8% Fib retracement level.

Resistance Levels:

- Initial resistance at $0.472.

- First major resistance at $0.475.

- Main hurdle at $0.480.

A clear move above $0.480 could push the price towards $0.485, with further resistance at $0.500. A close above $0.500 might lead to a rise to $0.512 and potentially $0.525.

Potential for More Losses:

- If XRP fails to clear the $0.472 resistance, it may continue to decline. Initial support is at $0.468, followed by major support at $0.462. A break below $0.462 could lead to further declines, possibly dropping below $0.432.

Technical Indicators:

- Hourly MACD: Gaining pace in the #BEARISH📉 zone.

- Hourly RSI: Below the 50 level.

- Major Support Levels: $0.468 and $0.462.

- Major Resistance Levels: $0.472 and $0.480.

In summary, XRP needs to break the $0.472 and $0.480 resistance levels to start a significant recovery. Failing to do so could result in continued declines, with key support at $0.462.

Source - newsbtc.com

#CryptoMarketTrend #BinanceSquareTalks
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Looking at $XRP on the 1W chart we can see that it has been hammering on the support level for the past 4 weeks consecutively and is now at a point of concentration. The price of #XRP will either increase sharply from this level or more likely break down to the support level of 0.4. We are more likely to see it bounce up again from that level.... lets see, I'm #BEARISH📉 for now.
Looking at $XRP on the 1W chart we can see that it has been hammering on the support level for the past 4 weeks consecutively and is now at a point of concentration.

The price of #XRP will either increase sharply from this level or more likely break down to the support level of 0.4. We are more likely to see it bounce up again from that level.... lets see, I'm #BEARISH📉 for now.
ETH (ANALYSIS) Price is very close to marked supply zone, expecting a retest into marked supply zone then sell off will trigger form there towards downside in it. $ETH {future}(ETHUSDT) #BEARISH📉 #etherreum
ETH (ANALYSIS)

Price is very close to marked supply zone, expecting a retest into marked supply zone then sell off will trigger form there towards downside in it.
$ETH
#BEARISH📉 #etherreum
#btc #BEARISH📉 Btc ki trade bi profit ma ha DCa limits bi hit hovy han🎉ab sl entry pa le ao or kuch profit Nikal lo agr abi btc dump hova to seda 54k
#btc #BEARISH📉
Btc ki trade bi profit ma ha DCa limits bi hit hovy han🎉ab sl entry pa le ao or kuch profit Nikal lo agr abi btc dump hova to seda 54k
BTC CRASHING BACK TO $50,000 🤯😱😱😱 Be careful pals, a lot of Negative signals, Negative trends... I escaped from my funds getting Liquidated I will advice all traders, be careful when trading in Margin trade, I made my analysis I found out this is high risk .... Holding on spot is the safest thing to do A word is Enough for the Wise!!!! Make your calculations on the borrowed asset against your Profit and losses you will understand .. so best thing is lock on earn, wait for a major pump!! if you make 2x or 3x of your capital , sell 90% leave 10% then watch trends and its market correction for 3 weeks before putting in 90% again.. I turn $350 into $6000 , I refused to sell 90% now, am down to $1800, this is very unwise.... so avoid this mistakes, learn from my mistakes don't fall victim of it.. Trade wisely for the rest June!! Well am back 😁😁 Who missed me?? Drop why you missed my analysis on the comment #BTC☀ #BEARISH📉 #CryptoTradingGuide
BTC CRASHING BACK TO $50,000 🤯😱😱😱

Be careful pals, a lot of Negative signals, Negative trends...

I escaped from my funds getting Liquidated I will advice all traders, be careful when trading in Margin trade, I made my analysis I found out this is high risk .... Holding on spot is the safest thing to do

A word is Enough for the Wise!!!!

Make your calculations on the borrowed asset against your Profit and losses you will understand ..

so best thing is lock on earn, wait for a major pump!!
if you make 2x or 3x of your capital , sell 90% leave 10% then watch trends and its market correction for 3 weeks before putting in 90% again..

I turn $350 into $6000 , I refused to sell 90% now, am down to $1800, this is very unwise....

so avoid this mistakes, learn from my mistakes don't fall victim of it..

Trade wisely for the rest June!!

Well am back 😁😁
Who missed me??

Drop why you missed my analysis on the comment
#BTC☀ #BEARISH📉 #CryptoTradingGuide
"Will the Market Fill the $64,200 CME Gap? New York Session Could Decide!" In about two hours, the New York session will begin, and the market will likely establish a new direction. There's a possibility that it could drop below $60,000, but it might also aim to fill the CME gap around $64,200. Personally, I believe it will fill the gap at $64,200. If anyone opens a long position around $64,200, there could be a chance to break even. Please note that this is not financial advice; always conduct your own research before making any investment decisions. $BTC #BEARISH📉 {future}(BTCUSDT)
"Will the Market Fill the $64,200 CME Gap? New York Session Could Decide!"

In about two hours, the New York session will begin, and the market will likely establish a new direction. There's a possibility that it could drop below $60,000, but it might also aim to fill the CME gap around $64,200. Personally, I believe it will fill the gap at $64,200. If anyone opens a long position around $64,200, there could be a chance to break even. Please note that this is not financial advice; always conduct your own research before making any investment decisions.
$BTC #BEARISH📉
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Down bad, anon? Everyone at Kim HQ is too, dw. We’re in this together. The difference, however, is many of us are sitting comfortably leveraging Kim and eating up a fat stack of rewards every day, it makes the red candles kinda look green? Or maybe Gary is just color blind. Start Yeeting, its Monday. #Bullish #Optimism #Superchain #BEARISH📉
Down bad, anon?

Everyone at Kim HQ is too, dw. We’re in this together.

The difference, however, is many of us are sitting comfortably leveraging Kim and eating up a fat stack of rewards every day, it makes the red candles kinda look green? Or maybe Gary is just color blind.

Start Yeeting, its Monday.

#Bullish #Optimism #Superchain #BEARISH📉
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🔥🔥🔥 #bitcoin Price Takes a Plunge: Analyzing the Sudden Drop Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower. Key Points: - Initial Decline: Began from the $64,550 resistance. - Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA). - #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart. - Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels. Detailed Analysis: Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point. Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement). Potential Price Movement: Upside Potential: - Break Above $64,500: Could signal a steady increase. - Targets: $65,500 and potentially $66,200. Downside Risks: - Failure to Break $63,550: Could lead to further decline. - Immediate Support: Near $62,700. - Further Support: $62,200 and $62,000. - Significant Drop: Could reach the $61,200 support zone. Technical Indicators: - Hourly MACD: Gaining pace in the bearish zone. - Hourly RSI: Below 50, indicating bearish sentiment. Summary: Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices. Key Levels to Watch: - Support: $62,700, $62,200, $62,000. - Resistance: $63,550, $64,500. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC
🔥🔥🔥 #bitcoin Price Takes a Plunge: Analyzing the Sudden Drop

Bitcoin's price has started another downward trend after struggling near the $64,550 resistance level, now trading below $63,500 and potentially heading lower.

Key Points:

- Initial Decline: Began from the $64,550 resistance.

- Current Levels: Trading below $63,500 and the 100-hourly simple moving average (SMA).

- #BEARISH📉 Trend Line: Resistance at $63,600 on the hourly BTC/USD chart.

- Potential Further Losses: Possible if it breaks below $62,700 and $62,500 support levels.

Detailed Analysis:

Bitcoin failed to recover above $65,000, facing significant resistance near $64,550 and subsequently dropping below $64,000 and $63,500, even falling past $63,000. A low formed at $62,700, with the price now consolidating losses. The bearish trend line at $63,600 is a key resistance point.

Bitcoin trades under $63,500 and the 100-hourly SMA. Any recovery might face resistance near $63,550 (23.6% Fibonacci retracement of the move from $66,444 to $62,700) and stronger resistance at $64,000 and $64,500 (50% Fibonacci retracement).

Potential Price Movement:

Upside Potential:

- Break Above $64,500: Could signal a steady increase.

- Targets: $65,500 and potentially $66,200.

Downside Risks:

- Failure to Break $63,550: Could lead to further decline.

- Immediate Support: Near $62,700.

- Further Support: $62,200 and $62,000.

- Significant Drop: Could reach the $61,200 support zone.

Technical Indicators:

- Hourly MACD: Gaining pace in the bearish zone.

- Hourly RSI: Below 50, indicating bearish sentiment.

Summary:

Bitcoin's struggle near the $64,550 resistance has led to a fresh decline, now trading below $63,500. Further losses are possible if it fails to break the $63,550 resistance. Conversely, a move above $64,500 could signal a bullish reversal and higher prices.

Key Levels to Watch:

- Support: $62,700, $62,200, $62,000.

- Resistance: $63,550, $64,500.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets $BTC
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