Starting May 29, $2 billion enters the markets every week, which will mobilize all assets

BTC UPDATE

The price broke the strong descending trend line and is now holding above it.

It definitely indicates an uptrend. However, I wouldn't recommend going ALL IN at the current price. I waited for a drop to $64k to release this update.

We could see a wave towards the $63,000 support level (and even a minor fake breakdown of this level). The best option for now is to place buy orders in a staircase pattern in the $62,500 to $64,000 range.

Long positions worth $450 million will be liquidated at $61,000.

Short positions totaling $150 million will be liquidated at $65,000.

After reaching $65 thousand, there is a high possibility of $61 thousand.

Spot is the average purchase price of#BitcoinETF buyers; ~$57k to ~$58k.

BTC Update - Risingly Breaking Out of Diamond Formation

Bitcoin💰 ETFs largest outflow ever valued at $564 million.

Blackrock's ETF saw an outflow of $37 million for the first time in its history.

There is Heavy Selling Pressure from ETF Holders.

$50k is a Magnet Level 🧲

All important factors such as the 200-day EMA, Trend Line Support, and the $50 Billion Great Liquidation are converging at the $50,000 level.

Bitcoin corrected -20% following the launch of BTC ETF in the US.🇺🇸

We expect a similar scenario when it is introduced in Hong Kong 🇭🇰

The correction engages new users as traditional buyers tend to buy after the 20-30% correction.

🔻 Meanwhile, the market continues to record outflows from the Bitcoin Spot ETF, these outflows are already lasting 5 days in a row!

However, we can see that the positive dynamic of the exits is decreasing; While it was -5100 BTC on March 19, it was only -812 BTC yesterday, March 22.

This correction is logically coming to an end.

🏵 We continue the topic with Bitcoin &#OTHERS(Total Market Cap excluding Top 10 coins)

The chart right now looks very similar to what we saw in 2020. While Bitcoin price was breaking ATH, OTHERS were ending consolidation and preparing to break the second highest resistance!

Bitcoin always takes the first step and Altcoins follow. Currently we can see the same picture: While Bitcoin is breaking the previous ATH of $69,000, Altcoins are preparing to break the second highest resistance (orange rectangular zone).

When it breaks, a huge altcoin season will begin, just like at the beginning of 2021!

📊 The Weekly RSI for the majority of cryptocurrencies has begun to transition from overbought conditions to the neutral zone.

Weekly Avg. RSI: 59.45

Buy When Undersold/Oversold
Sell ​​at Strong/Overbought

Satoshi-era#Bitcoinaddress awakens, wallet containing 50#BTCpresumably received as mining reward.

There has still been no weekly candle close above the previous all-time high.$BTC

You can contact Arwinalgo Instagram account.

More than $1.2 billion was liquidated in the last two days.

Long positions: $890.38 million

Short: $312.99 million

You can see our positions by following us, do not forget to like, comment and follow ☺️
#ArWinner #btc #eth $KEY

You can benefit from these profits by following us ☺️
$OM #bitcoin #kripto #ArWinner

💰 If ETF holders start selling their ETFs, this could create significant selling pressure on #Bitcoin.

It is important to observe whether they react to this correction by selling or buying more.

🧐 Remember when we compared March 2024 to March 2017?

Both loops look very similar in terms of total 2 behavior.

What if we look at Bitcoin right now? Surprisingly, they look the same.

Follow the chart: price touches the ATH -> breaks it on the second try -> consolidates above it -> creates divergence there -> falls below the level again

In my opinion, the probability of this scenario happening now is quite high. There will be a detailed Bitcoin update in the next article.

Bitcoin reached our target of $69,000 and $66,000 from $73,000.

Now there will be a small bounce from $65k to $66k (100EMA) before dropping to the 200 EMA which is $60k on the 4-hour chart.