🤔 Hey #Cryptotraders , are you PREFER ?

December 15, 2023

Total Market Cap : $1.61T🔵
Trading Volume (24H) : 0.18%🔵
BTC Dominance : 51.90%🔴
ETH Dominance : 16.99%🔵

MARKET BIAS
Short-Term (1-2 Days) : Bullish🔵
Mid-Term (1-4 Weeks) : Bullish🔴
Long-Term (12 Months) : Bearish🔵

$BTC : $42658
- Same as yesterday, we are on a consolidation phase and levels to watch is $44000-$44729 resistance level and if the parallel channel will hold or not.

$ETH : $2266
- Same as yesterday, we are on a consolidation phase and levels to watch is $2370-$2400 resistance level and if the parallel channel will hold or not.

KEY $BTC RESISTANCE: $44000-$44729
KEY $ETH RESISTANCE: $2370-$240

Trading guidance:
- Always refer to the movement of the chart to see where we are possibly heading.

#crypto #Cryptotraders #analyst #elliottwave

These are the chart patterns of the recently listed token Cati and Hamster on binance.They are dumping @10% daily.First they farmed the community and give little airdrop for the amount of work Now dumping like crazy.What do you predict about these shitt coins in next coming days.Will they fly "To the Moon" or "To the doom".
#Cryptotraders
#BinanceLaunchpoolHMSTR #CatizenAI #Binance

🐶🚀 DOGS/USDT ON THE RISE! 🚀🐶

Don't miss out on the action! The DOGS/USDT pair is climbing the charts with a 24h high of 0.0010476 USDT, marking a +2.77% increase!

🔍 Quick Stats:
📈 24h Volume: 98.36M USDT
📉 24h Low: 0.0009960 USDT
🔥 DOGS Total Volume: 95.24B DOGS traded in the past 24h!

📊 On the 4h chart, DOGS/USDT is holding steady at 0.0010474, up +1.61%!

Join the DOGS pack now and ride the wave! 🏄‍♂️

Trade DOGS/USDT on Binance today!

#Binance #CryptoTrading #DOGSUSDT🥳🥳 #Memecoins🤑🤑 #Cryptotraders $DOGS

🚀🚀🚀 Traders eye $71.5K Bitcoin price as open interest jumps 13%

Bitcoin Eyes $71,500 Target Following $65,000 Breakthrough

Bitcoin's price has surged past the $65,000 mark on Tuesday, sparking speculation that it could now head towards the $71,500 level. This prediction is based on historical patterns observed by #Cryptotraders .

Current Market Sentiment

- Price Action: Bitcoin recently surpassed $65,000, with traders targeting $71,500. Pseudonymous trader Rekt Capital noted on July 16 that past breaches above $65,000 often lead to prices nearing $71,500, a pattern seen four times this year.

- Current Trading Price: As of publication, Bitcoin is trading at $65,846 according to CoinMarketCap. If the price reaches $71,500, it will be approaching the all-time high of $73,649 achieved on March 13.

Market Dynamics

- Short Positions: A significant amount of short positions are at risk of liquidation at $71,500. CoinGlass data indicates that approximately $1.47 billion in short positions will be wiped out if Bitcoin hits this level. This suggests that many traders believe the price will not reach $71,500 in the near term.

- Open Interest: Over the past five days, Open Interest (OI) — the total number of outstanding Bitcoin options contracts that have not yet been executed — has increased by 13%, indicating renewed confidence among future traders.

- Historical Patterns: Trader Mags noted that Bitcoin's recent dip to $56,649 might repeat past patterns, as a similar dip in August 2023 led to a 17.5% rally. If history repeats, Bitcoin could reach $70,000 soon.

- Market Reactions: Trader Yoddha described the recent decline as a "fakeout" intended to trap panic sellers, suggesting that the current price action could be part of a larger bullish trend.

Overall, while there is a strong case for #bitcoin☀️ reaching $71,500 based on historical trends, the risk of short position liquidations and recent market fluctuations indicate that the path forward may be complex.

Source - cointelegraph.com

#CryptoMarkets #BinanceSquareTrends

💥💥💥 #bitcoin☀️ And Solana Brace For Quiet Q3: What #Cryptotraders Should Know

Cryptocurrency Market Analysis

- Crypto analyst Ansem recently discussed Bitcoin ($BTC ) and Solana ($SOL ), highlighting their current stability and potential future movements.

Market Outlook

- Ansem suggests Bitcoin and Solana may not see significant bullish movements until late in the third or fourth quarter. Both #Cryptocurrencies have held above March lows, indicating a consolidation phase, though other assets like Avalanche (AVAX) show signs of potential downtrends.

Technical Insights

- Bitcoin and Solana are maintaining stability above key support levels, but there's a risk of aligning with broader market downturns.

Scenarios

1. Outliers Status: BTC may consolidate between $58,000-$60,000, and SOL between $110-$120, assuming stabilization after sideways movement.

2. Market Downturn: Without outlier status, BTC could drop to $48,000-$52,000 and SOL to $85-$100, following broader market trends.

3. Market Peak: Ansem dismisses a market peak, expecting prolonged sideways movement and development in crypto applications.

Performance

- Bitcoin trades at $65,525, Solana at $135.81. Weekly trends show BTC down 6.4%, SOL down 14.3%, despite minor daily declines.

Altseason Potential

- Analyst Moustache anticipates an Altseason, advising strategic accumulation of quality #Altcoins👀🚀 amid positive signals for Bitcoin.

Conclusion

Ansem's analysis offers insights into crypto markets, highlighting consolidation phases and potential shifts for Bitcoin, Solana, and the broader market.

Source - newsbtc.com

#BinanceSquareBTC