Bitcoin Cross 61k After some time its Jump to 62k Just Wait and Watch
#Bitcoin #TrendingTopic #EthTrend

BTC is now trading above $60k 🥳
$90 million worth of Bitcoin short futures positions were liquidated in the past 24 hours 📊

#BTC #TrendingTopic #ETH/USDT:

🏆💲700000💲🏆
💲Bitcoin Technical Analysis💲
A Series of Successive Gains Signals Strong Market Confidence
As BTC continues its upward trajectory, reaching $59,992 amidst a flurry of bullish activity, the market sentiment remains overwhelmingly positive. 🚀 With a robust market cap of $1.24 trillion and a hefty trading volume of $48.81 billion, Bitcoin showcases resilience and strong investor engagement. Over the past 24 hours and week, BTC has surged 4.4% and 14.9% respectively, edging closer to the $60,000 mark. 🌟
🔍 Technical indicators such as RSI and Stochastic oscillators signal equilibrium, while momentum and MACD levels indicate bullish momentum. The alignment of moving averages from 10-day to 200-day periods further reinforces the current uptrend. 📊
📈🕒 Zooming in, the daily chart reveals a consistent pattern of price increases and bullish formations, supported by elevated trading volumes. The 4-hour chart underscores intense buying interest, while the 1-hour chart suggests potential short-term pullbacks around the $60,000 psychological level. 📉
🐂🐻 In this landscape, traders face both opportunities and risks. The bull verdict points to sustained upward momentum, ripe for capitalization, while the bear verdict urges caution amid potential overbought conditions and short-term reversals. Risk management strategies are crucial in navigating possible volatility ahead. 💼💡

$BTC 🛑DUMP COMMING ⁉️
As you can see, the trend line is set, and we are approaching its testing limit.
If we fail to get back in it, we will undoubtedly experience a significant drop.
And how low can we go? Around the 48600 zone, which will likely have multiple stops, as we have experienced on our way up.
I am talking about 50k, 49k. Additionally, it looks like a possible head and shoulder pattern, which is a strong bearish indicator.
Although let's see how things turn out, I am not yet ready to enter a short position.
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