$BTC is strongly bearish. It is in overbought state. It has | itsaareez1 on Binance Square

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Bearish

$BTC is strongly bearish. It is in overbought state. It has to retest major supports before breakout. It is moving just with news. What about upcoming US elections? What about Japan interest rate? What about US stocks at peak in overbought state? What about Cup and Handle pattern forming on weekly and monthly chart?

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Looking for next bitcoin? YFI is an etherium based token that had all time high $95000. Currently it is very cheap. $YFI is consolidating after a high bullish move. Selling volume is negligible as compared to buying volume. Price action is also strong and favorable. It has very low supply and if demand grows it will definitely face short squeeze. Supply vs demand makes YFI a highly bullish asset. Further, it provides profits to those who stake assets. It is a utility token with high returns. Don’t miss this token if you really want to make some money during this bull run. $BTC $ETH

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Mark my words, YFI is gonna breakout soon and you will regret missing it. Look at the order book, chart and available supply. Just $1B inflow and target is $30,000 per #YFI $BTC $ETH $YFI #mememcoinseason2024 #BullRunAhead #breakouts

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I have done BTC 1 Day Chart technical analysis. #BTC 1. Cup & Handle Pattern but rejected from resistance and struggling inside a descending channel. If BTC closes above $66000 in daily chart, it may test $68400. 2. Currently BTC price is $64800 which is above all EMA20, EMA50, EMA 100 and EMA 200. EMA 20 has just crossed above all EMA lines. This shows BTC is bullish. 2. RSI is 64 which is not in overbought region yet and is still above RSI based MA. 3. Stoch RSI is also showing possibility of blue line crossing above orange line after coming down the orange line. Currently blue line is below orange line yet. 4. MACD line is above signal line in daily chart and both of them are above zero line. This is strong bullish indicator but green histogram bars size is reducing which shows bullish momentum is fading. If volume fades, there are chances blue line will cross below orange line and BTC may test 59500-61500 region from where it will bounce back to make double top so it may test 48500-52000. 5. If BTC closes above $73800, CUP and Handle pattern will be executed on successful retesting. It is not a financial advice. Do your own research. Don’t copy my content. Overall BTC is bullish in coming days if daily closing is around the one mentioned above. Short term charts like 15min, 45mins and 4hr are also showing BTC price above all exponential moving averages supporting bullish trend. But if daily closing is below the above mentioned value, cup and handle pattern will continue forming handle making BTC bearish.$BTC $ETH $BNB

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I am seeing $YFI bullish if it gains attention and volume. It was only coin whose price crossed BTC from historical data. ATH was around $94000. $BTC $ETH

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$BTC All those who are predicting bear after FED rate cut. Let me explain a simple thing, FED will cut rate means more liquidity injection, more money in market circulation and more money in hands of people. Now decide yourself, whatever is the cut rate, it’s going to weaken USD and strengthening BTC, $ETH $SOL and other alt coins. BTC is alternative of avoiding inflation effects. It is digital gold. It is not something which breaks away with USD. #FOMC #FedRateDecisions #FedRateCut DYOR NFA

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