#BTC☀
5-09-24
Today’s PNL

Its Time for Short Time Earning.
Buy long - take profits- Sell
Leverage Maximum 20X

55000-60000
For make Profit follow the Further Posts.
I will share my per day trade Profit and Losses.Follow for more updates.

The current market outlook for Shiba Inu (SHIB) in September 2024 appears to be mixed. While the price has experienced slight gains in recent days, it is still down over the past few weeks. Market sentiment suggests a potential further decline in the short term, with predictive models expecting SHIB to drop around 8% by the end of the month. Currently, SHIB's price hovers around $0.000013, and technical indicators point to a continuing downtrend​.

That said, some positive developments, such as the ShibDev portal and the introduction of new burn mechanisms, could bolster its value in the long run​.If you're considering investing in SHIB this month, be cautious due to the volatility and bearish signals, but keep an eye on potential breakout opportunities if market sentiment improves.#SHIB،

On Binance, Bitcoin traders have opportunities to profit by utilizing both short-selling and long-buying strategies, especially with leverage. Short-selling allows traders to bet on a price decline by borrowing Bitcoin and selling it at current prices, with the aim of buying it back later at a lower price. If timed correctly, this can lead to substantial gains, especially in bearish markets or during periods of high volatility.

On the other hand, long-buying with leverage allows traders to amplify their potential profits by borrowing additional funds to increase their Bitcoin position. In a bullish market, this can result in significant gains if Bitcoin’s price surges. However, leveraged trading also comes with higher risk, as it can amplify losses just as much as gains.

Recently, Bitcoin has faced resistance around the $60,000 level, leading to short-selling opportunities for traders who anticipate further price dips. At the same time, spikes in buying interest, such as the one observed recently, can create conditions for profitable long positions​.#CryptoMarketMoves

Timing these strategies is key, and traders should carefully watch market trends, resistance levels, and news that may impact Bitcoin’s price before entering leveraged positions. Always exercise caution and ensure proper risk management when using leverage, as it increases the potential for both higher returns and greater losses.

As of early September 2024, Bitcoin's price is hovering around $58,000 to $60,000, facing resistance due to a significant number of traders who purchased at higher levels between $61,700 and $70,500. Many of these traders are selling to break even, creating downward pressure. Additionally, Bitcoin miners have sold 2,655 BTC (around $154 million), further influencing the market. Despite this selling pressure, there has been a spike in aggressive buying, suggesting potential upward momentum​

The Bitcoin buy/sell ratio has shown a rise, with signs of increased buying interest over the last week. However, sentiment remains cautious, with net outflows from Bitcoin ETFs, amounting to $277 million​.$BTC