#BinanceTurns7 #BinanceLabsInvestsLombard #USRetailSalesBoost #SCRSpotTradingOnBinance $BTC

Bitcoin's price is heading toward $35,720, fueled by whale buying activity. Key insights:

1. Price Bottoming Out: Indicative of market stabilization and potential reversal.

2. Market Sentiment: Cautious optimism, with experienced investors awaiting a crash to buy at lower prices.

3. Recovery Expectation: Historical patterns suggest market recovery after bottoming out.

4. Investor Mindset: Experienced investors rely on personal judgment, avoiding media-driven decisions.

Technical Analysis

1. Current Price: $67,443.93 (-1.66%).

2. Resistance Levels: $70,000, $72,000-$74,000.

3. Support Levels: $35,720.

Trading Strategies

1. Buy Low, Sell High: Patience is key; await potential crash for buying opportunities.

2. Risk Management: Set stop-loss orders and manage risk-reward ratios.

3. Market Monitoring: Continuously assess sentiment and trends.

Resources

1. TradingView (BTC charts)

2. CoinMarketCap (BTC data)

3. Crypto forums

Disclaimer: Cryptocurrency trading involves risks. Consult financial experts.

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