🚨 BITCOIN TOWARDS 61k? If we examine the 4-hour candle, BT | Emperorㅤ on Binance Square

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🚨 BITCOIN TOWARDS 61k?
If we examine the 4-hour candle, BTC is currently in a bearish state. Please avoid long positions until solid confirmation. 
The reason for its bounce back on the 1-hour chart is the RSI and other related indicators.
$BTC #EmperorMajesty #BinanceTournament #BTCFOMCWatch #CPIAlert #ETHETFsApproved 

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Uptober’s Over… Is Novemdownber Next? 📉🔥 October, the month of gainers, ends with strong signs for the US economy. As elections near, the US economy grew by 2.8% in the third quarter—slightly behind the second quarter's 3% but still above analyst expectations of 2.6%. In September alone, 254,000 jobs were added, boosting consumer confidence and keeping the economy on steady ground. Inflation is now close to the Federal Reserve’s 2% target, with consumers accounting for 70% of economic output. Former Federal Reserve Bank President James Bullard stated, ‘We should declare a soft landing now,’ reflecting on inflation’s control without the need for a recession. Many attribute this economic balance to a price level reset post-2019, with the Fed’s aggressive measures successfully curbing inflation after the 2022 peak. Now that $BTC has broken the 71,400 level, the million-dollar question is whether BTC will see this as strong resistance or break it for a new ATH, only to create panic by sharply declining afterward. With 9 hours left, if BTC closes below that level, we’re likely heading downward, as expected. Otherwise, we may consolidate further—but with elections approaching, consolidation seems unlikely. What we need now is some spice, and that spice is VOLATILITY, so get ready! If we see a decline, then October may pass the torch from gainers to 'Novem-down-ber' for the losers. #EmperorMajesty #16thBTCWhitePaperAnniv #USADPSurges #USPCEExceeds #bitcoinnewsupdate

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⚠️ Is Another U.S. Recession Around the Corner?

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Why a U.S. Recession Isn’t Likely to Happen

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🚨📉 𝗕𝗧𝗖'𝘀 𝗡𝗘𝗫𝗧 𝗠𝗢𝗩𝗘: 𝗔𝗧𝗛 𝗼𝗿 𝗗𝗥𝗢𝗣‼️ If we look from the perspective of the 1D chart of $BTC , it once tried to break the support that was previously a resistance around 71,450. However, remember that this is an old, weak support for now. Since the entire market is in a state of greed, this support is considered a weaker one in my opinion. If we take things from this perspective, there are a lot of chances in the next 8 hours that BTC will create a new all-time high (ATH) by successfully breaking 73,750. However, as soon as it creates an ATH, a correction is likely to happen right after that moment because the sellers at 73,000 are much larger than we can even imagine. In the alternative scenario, if BTC breaks the support of 71,450, meaning if it closes a candle below that level, it's likely that BTC will head towards 58,600. If you think that’s too far down, consider that, according to the US elections, we can expect volatility rather than a sharp increase. For instance, if Trump wins, don’t expect BTC to jump to 100k; that's a baseless target. It will take time. It’s not as if Satoshi will reveal his identity on US election day, and you’re creating hype around that. That’s just hype. I’m not saying it won’t impact the cryptocurrency cycle, but we won’t see big green candles immediately after the results or rumors of Trump winning spread! Moreover, 58,600 is just an analysis based on what the chart is showing. Before that, 61,500 is a support level, followed by a weaker one at 64,260, then 68,900, and a strong support at 66,550. #BTCBreak71K #BTC1D #USADPSurges #EmperorMajesty #bitcoinnewsupdate

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$BTC 𝗕𝗨𝗟𝗟𝗦 𝗔𝗪𝗔𝗥𝗘 ⚠️🔥 People who are blindly opening long positions, thinking BTC will go up and increase their portfolio, and those advising others to open long positions are just daydreaming. There's no "moon" for now, no "Mars" for now. BTC might break its all-time high, but do you remember the 2021-22 crash? BTC fell nearly halfway after reaching a new high. After hitting 64k, it dropped to 30-34k—that's a crash! October was historically a month for gainers over the past several years, but have you seen how November typically reacts? There's nothing new; the historic data remains the same. There's not much liquidation on the upside; instead, it’s on the downside. Israel is attacking Iran, the dollar is on the brink of collapse, debt is increasing, yet every stock is generating record profits. How are they making these profits? Microsoft is considering integrating BTC payments, or perhaps they're thinking of buying again. A few months ago, Germany sold, but now El Salvador is buying. Interest rates are booming, yet at the same time, the Fed is cutting rates. Why? Just to lure you in—they’re throwing scraps to small investors, while retail traders will eat you up and liquidate all your shorts and longs! I’ll say it again: you’re not prepared for what’s coming next! Soon, you'll be posting your losses on Square and other platforms, recounting how much you lost. #BTCBreak71K #EmperorMajesty #BTC1D #bitcoinnewsupdate #USJobOpeningsDip

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