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#Bitcoin daily chart recently posted a robust daily candle close. Currently, the market is experiencing a slower phase, moving sideways after this sharp rally upward. The price achieved a new all-time high above $77,000 before retracing slightly. Overall, the outlook remains bullish, and these pullbacks are expected along the way. Now, all eyes are on the upcoming weekly close to confirm the trend. #DogeArmyComeBack #SOLFutureRise #AltCoinSeason #AqibAlpha
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$BTC /USDT The price has recently tapped into the $77,000 level, taking liquidity at this point. Currently, it’s consolidating in this zone. We might see some sideways movement here, followed by a potential correction. The market appears overheated, so a minor pullback could be anticipated in the near term. #DogeArmyComeBack #BIOProtocol #FedRateStrategy #MicrosoftBitcoinRejection #AqibAlpha
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$BTC BTC Funding Rate Turns Negative, Indicating Potential for a Short Squeeze The Bitcoin funding rate has recently dipped into negative territory while open interest has reached historic highs. This dynamic suggests that, after the initial surge in futures following the recent presidential election news, market enthusiasm for continued price gains has cooled. Elevated open interest, however, implies the potential for heightened volatility. Additionally, the concentration of these short positions on mid-sized exchanges like OKX, Bybit, and Huobi hints at the possibility of a short squeeze. For context, prior to the formal election results, funding rates were also negative, with many traders taking short positions. When Trump’s victory was confirmed, spot buying surged, pushing futures traders who had bet heavily on short positions to cover their positions rapidly. This scramble led to a sharp price spike driven by short covering. As we observe the current setup, a similar scenario could unfold. If price growth moderates over the coming days, futures traders may remain inclined toward short positions. However, a large influx of spot buying during a price dip could again trigger a short squeeze, with short covering potentially fueling further price rallies. Ultimately, liquidity from these short positions can act as fuel for price movements in a bullish market. #DogeArmyComeBack #FedRateStrategy #EthereumRally #bitcoin☀️ #AqibAlpha
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📈 Bitcoin Outlook: Eyeing $80,000 to $100,000 by Year-End 🚀 Following a solid recovery from the $51,000 support level and a breakout above the $67,000 downtrend, #Bitcoin is now poised to target the $80,000 range, with potential to approach $100,000 by year-end. Market sentiment remains bullish, driven by institutional interest and recent ETF approvals, paving the way for new highs in $BTC . #BinanceBlockchainWeek #BTCBreak71K #TIATokenUnlock #AqibAlpha
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$ETH investors are understandably in disbelief due to its recent underperformance. However, the chart still appears bullish and could be forming an ascending structure. ETH's time is coming. 📈 #EthereumETFApprovalExpectations #CryptoNewss #USJoblessClaimsDip #CryptoPreUSElection #AqibAlpha
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