Based on analytics from Coinglass, we can see a clear picture of the market.
If Bitcoin falls to $50,000, the total volume of longs liquidations will not exceed $700 million. However, with a sharp rise to $61,000 per $BTC , shorts will be liquidated for ~$2.1 billion.
Unfortunately, this data will not tell the exact direction and time, but it clearly shows where it is more profitable for the market and market makers to go to get maximum profit
Bitcoin Death Cross: What's Next? Important Level Under Threat!
$BTC #BTC Key points:
1. EMA (50 and 200):
- EMA 50 (yellow line) is below EMA 200 (blue line), which is a bearish signal. This "death cross" indicates a weakening of the uptrend and a possible continuation of the downward movement. - The price is below both moving averages, which confirms market weakness and potential selling pressure.
- EMA 50 (yellow line) is below EMA 200 (blue line), which is a bearish signal. This "death cross" indicates a weakening of the uptrend and a possible continuation of the downward movement. - The price is below both moving averages, which confirms market weakness and potential selling pressure.
Bitcoin on the Verge of Crash: Sharp Drop Expected After Rebound from Critical Support!
In the $BTC chart above, we can see that the price of Bitcoin has bounced off the lower boundary of a descending expanding wedge, which often signals temporary stabilization.
However, the current price position below the 200-day moving average indicates strong bearish pressure and increases the likelihood of further decline. According to our analysis, despite the short-term rebound, market conditions remain unfavorable and the next sessions may bring new lows.
Bitcoin Plunges to Low of 48,888: Our Prediction of a Sharp Drop Confirmed!
As predicted in our analysis, Bitcoin has suffered a sharp drop after an artificial rally. The chart shows that the price has reached a low of 48,888. This drop confirms our prediction that the current rally was temporary and highlights the instability of the market in the current environment. Many traders who did not do their due diligence could have been caught off guard. Our forecast was based on an analysis of market trends and investor behavior, which allowed us to foresee this change.$BTC
Crypto Warriors Team
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Don't miss: Bitcoin is on the verge of a giant move! What does this mean to you?
Based on the analysis of hourly, daily and weekly charts, it is possible to draw a comprehensive conclusion about the current state of the market and probable scenarios for the movement of the Bitcoin price. Let's consider each timeframe and their combination to form a forecast. 1. Hourly chart (1H) Resistance: 65561.29
Don't miss: Bitcoin is on the verge of a giant move! What does this mean to you?
Based on the analysis of hourly, daily and weekly charts, it is possible to draw a comprehensive conclusion about the current state of the market and probable scenarios for the movement of the Bitcoin price. Let's consider each timeframe and their combination to form a forecast. 1. Hourly chart (1H) Resistance: 65561.29
Catching the Downtrend: Why Now is the Best Time to Short Bond
Analysis of the BOND/USDT chart on the 4-hour timeframe
1. RSI (Relative Strength Index): - The current RSI value is 54.85, which indicates a neutral condition. The value does not indicate oversold or overbought. 2. Stochastic RSI:
- Stochastic RSI values are 84.77 and 89.49, which indicates overbought (above 80 is overbought).
Turbo/USDT: Optimal time to short against the backdrop of falling prices
$turbo
The chart shows that the price of Turbo/USDT is experiencing significant fluctuations. The price is currently $0.0045137, with a recent decline of 5.30%.
Technical analysis 1. Support and resistance levels: - Current levels: - Support: $0.0040824, $0.0029172 - Resistance: $0.0045180, $0.0049805 - Recent highs and lows:
Turbo/USDT: Optimal time to short against the backdrop of falling prices
$turbo
The chart shows that the price of Turbo/USDT is experiencing significant fluctuations. The price is currently $0.0045137, with a recent decline of 5.30%.
Technical analysis 1. Support and resistance levels: - Current levels: - Support: $0.0040824, $0.0029172 - Resistance: $0.0045180, $0.0049805 - Recent highs and lows:
Bitcoin Prediction for 7 July 2024 Current analysis:
At the moment, Bitcoin's bullish momentum is gradually losing momentum, but today's trading volume was higher than expected, despite the weekend. This suggests that the bullish momentum will not disappear so easily. 1. Bullish momentum:
- Trading Volumes: Contrary to usual expectations of lower trading volumes over the weekend, there was significant volume today, supporting the current bullish momentum.
Bitcoin Update (July 5) Current Bitcoin price: $56,471.2
Key observations:
The chart shows a downtrend from around $66,000 to the current price of $56,471.2. The chart shows that the price tested support around $53,329.5 and bounced up. Moving averages: MA(25) and MA(99) indicate the current direction of the trend. MA(25) (short-term moving average) is below MA(99) (long-term moving average), which confirms the bearish trend. Trading volumes: Trading volume remains high, indicating significant activity of traders in the current price range.
Technical analysis of DYMUSDT $DYM Current price: $1.2308
1. Downward trend: the 👇 chart shows a steady decline in price from a maximum of $8.7420. The price is falling steadily, indicating strong bearish momentum. 2. Support levels:
- Immediate support: Around $1.2152, where the price found temporary stability.
Bitcoin on the brink: Critical support under threat!
Current Bitcoin price: $57,794 $BTC 1. Downtrend: The chart shows that the price of Bitcoin continues to decline, reaching $57,794, which is a significant decline from the recent high of $73,881.40.
2. Support: The support level is around $57,611. This level has been tested several times and remains a key area for buyers.