#Bitcoin Movement Direction Bitcoin is currently at a cros | Vivaldi on Binance Square

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#Bitcoin  Movement Direction

Bitcoin is currently at a crossroads.
It could rise back to the 66,000 level or fall deeper to 56,000 in the coming hours.

See the pattern on the chart #BTC......... 

It could also Bitcoin moving around the 60,576 support resistance line. 
$BTC 

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How We Know Market Manipulation in Crypto Trading? Detecting market manipulation in crypto trading is crucial for protecting your investments. Here are some strategies to help you stay vigilant: 1. Unusually High Volume Keep an eye on sudden spikes in trading volume without clear news or events associated with a specific cryptocurrency. 2. Abnormal Price Movements Rapid and unnatural price changes within a short window may indicate manipulation. 3. Lack of Corresponding Fundamentals If prices move significantly without fundamental reasons, be cautious. 4. Watch for Wash Trading Look out for repetitive buy-sell orders from the same entity, artificially inflating volume. Remember, staying informed and using reliable platforms are essential to avoid falling into manipulation traps. 🚀🔍📉1. #July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #pepe⚡ #BTC☀ $BTC $PEPE $XRP

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How to Avoid Traps in the Crypto Trading? 1. Buying High FOMO (Fear of Missing Out) can lead to buying at peak prices. Avoid chasing rallies without proper analysis. Set entry points based on technical indicators or support levels. 2. Margin Trading Risks Leverage: High leverage amplifies gains and losses. Be cautious; excessive leverage can wipe out your account. Liquidation: Margin positions can get liquidated if prices move against you. Set stop-loss orders to limit losses. Interest Costs: Borrowing funds for margin trading incurs interest. Factor this into your strategy. 3. Futures Trading Traps Rolling Contracts: Understand how futures contracts roll over. Sudden price changes during rollover can catch traders off guard. Contango and Backwardation: These affect futures prices. Research market structure before trading futures. Market Manipulation: Futures markets can be manipulated. Stay informed and be wary of sudden spikes or crashes. Remember, risk management, discipline, and continuous learning are essential to avoid these traps. 🚀📉📈 . #July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #pepe #BTC☀ $BTC $PEPE

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Crypto Trading is Addictive, How to Escape from Crypto Trading Addiction? Cryptocurrency trading #addiction involves the persistent or recurrent pathological compulsion and obsession to engage in the behavior of investing in or trading cryptocurrencies despite negative consequences to personal and/or professional areas such as financial loss, disruption to relationships, career problems, mental health issues, and other such negative consequences. Here are some insights on why crypto trading can be addictive and strategies to break free: 1. Neurotransmitters and Dopamine When the price of crypto rises and a trader completes a successful trade, they experience a rush of dopamine, leading to feelings of pleasure. The volatility of cryptocurrencies, coupled with 24/7 trading availability, can result in excessive dopamine boosts, making it more addictive than trading other assets like stocks. Recognize this chemical reward cycle. 2. Signs of Addiction Obsessive Behavior: If your time is fully consumed by chart analysis, market research, and trading-related activities, it may be a problem. Negative Consequences: Reflect on financial losses, disrupted relationships, and mental health issues caused by excessive trading. 3. Strategies to Break Free Abstinence: Consider complete abstinence from crypto trading to avoid relapse, similar to substance addiction treatments. Sell and Stay Out: Sell your holdings and resist getting back into trading. Avoid the temptation to re-enter the market. Remember that seeking professional help is crucial. If you find yourself struggling with crypto trading addiction, consider reaching out to addiction specialists or support groups. You’re not alone, and recovery is possible! 😊 #BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike

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Bitcoin Will Touch $52,000 in the Near Bitcoin will touch $52,000 in the near, based on new developments in the market. You can see in chart that support line are $53,000. Very difficult for Bitcoin to be Bullish today to $60,000. My prediction is Bearish time for #Bitcoin in the July until August. Maybe in the September, Bitcoin can start Bullish. #SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #BinanceTournament

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