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#USDT DOMINANCE đ€đ USDT Dominance has broken down from the ascending triangle pattern and successfully retested the breakdown level, with both the 50MA and 21MA signaling bearish momentum as they now act as resistance barriers. This suggests a potential continuation of the downward trend, signaling weakening dominance of stablecoins in the market. Since USDT Dominance often has an inverse relationship with the broader crypto market, a decline in dominance could indicate increased buying pressure in altcoins and a bullish shift in market sentiment. This makes the current level a key area to watch for potential market reversals or upward trends in cryptocurrencies. #USDT.D $USDC $USDP $BTC
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Decoding Candlestick Patterns for Crypto Trading - Practical Guide
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đšBITCOIN where are you going? Simple analysis đ€ Bitcoin is currently trading within a descending triangle pattern and facing rejection from the resistance trendline. The Ichimoku Cloud is providing support just below the price action. A breakdown below the Ichimoku Cloud could signal further downside movement within the pattern. Conversely, a breakout above the triangle, supported by significant volume, would confirm a bullish trend. It's essential to closely monitor these key levels for the next move. #BTCUptober $BTC
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Bitcoin's Shrimp Supply Sink: A Comprehensive Analysis of the Cryptocurrency Distribution Network
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Bitcoin Weekly Chart: Bitcoin dropped 7% in this week due to Iran-Israel Conflict. Support : $60,000 and $57500 Resistance: $67000 and $70000 Any Further escalation between Iran-Israel can give more correction on chart. We have noticed that BTC price drops in first 10 days of each month since April and than rebound quickly. October can be highly volatile due to War/Earning Season and US Election. #BTCUptober #btc
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