$BTC Update by "Ualifi"

Analysis Summary:
📉 According to Ualifi, Bitcoin experienced another upward and downward move recently.

🚀 The price surpassed the previous highest point, touching $48,900, but faced a strong rejection.

💼 Ualifi reiterated the belief that #ETF events tend to be sales opportunities for big players.

📉 The #BTCETF is labeled a total disaster for Bitcoin's price by Ualifi.

💰 Large buy orders were withdrawn around $44,500, signaling caution in the market.

🔶 The orange line at $45,890 is crucial, and bulls must prevent the price from staying below it to avoid further downside.

📉 If $45,890 support is lost, the market could quickly fall towards the old resistance (orange band) and potentially to $40,800.

🐂 Bulls are expected to make efforts to maintain the current price level, and the bullish structure remains intact, despite showing signs of weakness.

🔄 Rotation between ALTS is expected to diminish soon.
Stay informed and safe!

#BTC #ENS #ETH #Blur #memecoin

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