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$BTC 📢Bitcoin Price Analysis latest update🔔 Current Price: Bitcoin is currently trading around $71,000 (prices may vary slightly depending on the exchange). 📌short term bearish but long term bullish in the end of this month btc reach near $80k 🔮Recent Performance: Bitcoin has seen a slight increase of around 1% in the last 24 hours. 💼Technical Analysis🖍 Short-term: Analysts see some positive momentum with Bitcoin trading within a rising trend channel. This suggests increasing buy interest. There is some resistance around $72,000, which could be a hurdle to overcome. Medium-term: The medium-term outlook is also bullish with a rising trend channel in place. This indicates continued optimism among investors. 🔮Long-term: The long-term trend is also positive, suggesting that investors are still bullish on Bitcoin overall. 📈Overall, the technical analysis is mixed in the short-term but remains positive in the medium and long term.📈 Remember, cryptocurrency prices are highly volatile and can fluctuate significantly. This analysis is for informational purposes only and should not be considered financial advice$ETH {future}(ETHUSDT) #Binance55thProject(IO) #ETHETFsApproved #bitcoin #BlackRock #Metaverse {future}(BTCUSDT)

$BTC 📢Bitcoin Price Analysis latest update🔔

Current Price: Bitcoin is currently trading around $71,000 (prices may vary slightly depending on the exchange).

📌short term bearish but long term bullish

in the end of this month btc reach near $80k

🔮Recent Performance: Bitcoin has seen a slight increase of around 1% in the last 24 hours.

💼Technical Analysis🖍

Short-term: Analysts see some positive momentum with Bitcoin trading within a rising trend channel. This suggests increasing buy interest. There is some resistance around $72,000, which could be a hurdle to overcome.

Medium-term: The medium-term outlook is also bullish with a rising trend channel in place. This indicates continued optimism among investors.

🔮Long-term: The long-term trend is also positive, suggesting that investors are still bullish on Bitcoin overall.

📈Overall, the technical analysis is mixed in the short-term but remains positive in the medium and long term.📈

Remember, cryptocurrency prices are highly volatile and can fluctuate significantly. This analysis is for informational purposes only and should not be considered financial advice$ETH

#Binance55thProject(IO)

#ETHETFsApproved #bitcoin #BlackRock #Metaverse

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💢Very important to know about Leverage 🔔you bear big loss if you not read full post 🔮YOU HAVE MISUNDERSTOOD THE PURPOSE OF LEVERAGE 🚨 🚩You've totally misunderstood leverage: leverage isn't meant to increase your exposure to the market, it's meant to reduce it. Pay close attention, this is very important. 🔟% of beginners think they can use leverage however they want. However, they're taking an enormous risk of total capital loss. 💸 Before diving into an in-depth explanation, let's recap what leverage is. Leverage is borrowing money from the exchange to make trades. Let's take an example: if you initiate a trade with $100 with 2x leverage, you're putting in $100 of your own and borrowing $100 from the broker. So, your trade will be made with $200, meaning your gains and losses are doubled. If your trade loses 50%, the position will be liquidated because the exchange can't afford to lend to you indefinitely, otherwise, it would incur significant losses. 📉💼 Now, let's understand why you've misunderstood leverage. When you use leverage, it's to invest, for example, 10% of your capital by only investing 5%, if you use 2x leverage. In fact, leverage is meant to limit your losses (since you can't lose more than 50% with 2x leverage). Also, it's meant to diversify your investments because you allocate a smaller portion of your capital to your trades, leaving a larger portion to be invested elsewhere. 📊🔄 Many beginners believe it will make them earn more: no, it's only supposed to reduce your exposure to the market. Never increase it. It's absolutely crucial that you understand this. ❗🔍 I hope some will understand and implement this advice. Thank you for reading. If you liked it, don't hesitate to like, comment, share this post, and especially subscribe, it helps me a lot. You can also tip me to support me financially, it's my only way of being rewarded for teaching you as much as possible about the crypto market. Thank you very much to those who do. $BTC #BinanceLaunchpool
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