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#BTC/USDT ANALYSIS Bitcoin is currently experiencing a smooth decline as it approaches the symmetrical triangle support trendline and the horizontal demand zone, areas that often serve as critical support levels in technical analysis. The bearish momentum indicated by the Ichimoku cloud adds to the negative sentiment surrounding Bitcoin's price action. Despite this, there is potential for a bounce from these support levels, which could halt the current downtrend and provide a bullish reversal. However, if Bitcoin fails to hold these levels and breaks through the support trendline and demand zone, it is likely to trigger further corrections in the market, potentially leading to more significant declines in the cryptocurrency's value. .$BTC $MTL $LISTA

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#US DOLLAR ANALYSIS The US dollar is currently being rejected by the resistance trendline of a symmetrical triangle pattern, while the Ichimoku cloud below the triangle is acting as support. We need to wait for a successful breakout or breakdown to confirm the US dollar's next move. It's also important to note that the US dollar often exhibits an inverse relationship with the cryptocurrency market. $MTL $LISTA $PHB

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$MATIC tested the higher time frame support zone and extracted liquidity from there. If the price drops again to the higher time frame support zone, consider acquiring some MATIC for the long term. Major Support Area: $0.50-$0.532 $PHB $CTXC #BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken

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$ARKM analysis: Price is currently testing a major support area and needs to hold this level. If the candle closes above the support level, then we may see some bounce from here. If you are opening a long position, then use a tight stop loss. Support Area: $1.70-$1.80 Resistance Area: $2.15-$2.30 $ZK $CRV

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The #altcoins altcoin market cap (TOTAL2) tested the trendline support and bounced from there, as expected. We already suggested accumulating some altcoins during the dip. A bounce in altcoins may occur when BTC stabilizes. $BAKE $CRV $CTXC

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Ultimele știri

Ethereum(ETH) Surpasses 3,500 USDT with a 3.58% Increase in 24 Hours

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Cryptocurrency Market Financing Amounts to $688 Million in June 2024, RootData Reports

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SK Hynix Plans Major Investment In AI Memory Chip Technology

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Bitcoin(BTC) Surpasses 63,000 USDT with a 3.28% Increase in 24 Hours

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