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_Key Points:_ - Bullish outlook relies on breaking major resistance levels - Bearish outlook relies on breaching major support levels - Risk management essential in volatile cryptocurrency market.
Market Analysis Indicator: Better RSI Signal: Red Historical Significance: Reliable predictor of local bottom or reversal point Data Timeframe: Past 2 yearsConsistency: 100% (signal has always preceded bottoming-out or local low) Conclusion: Bottom formation or imminent reversal likely.
You may join our premium buy and sell group, The monthly subscription fee for this exclusive group is $50. If you are interested in joining please
- BTC experienced a pullback to support ahead of FOMC minutes - Current market is frustrating, with two steps forward and five steps back - BTCis still above support, but uncertainty remains due to inflation data and interest rate decision
_Technical Analysis:_
- As long as BTC maintains current support, the trend will remain positive - Loss of rising trend support may lead to further price pullback - Critical support level: $67,000
_Market Sentiment:_
- Volatility will be high this week - Market direction will be clearer after Fed decision - No significant sell-offs from major investors in $BTC and $ETH
- Current Price: $68,000 - Short Liquidation Areas: $72,000 (200 million) and $74,000 (1 billion) - Prediction: Market will hit $72,000 level in upcoming hours and potentially reach $74,000
- Uptrend - Pullback around $160 support level. - Potential swing trend entry with +25% upside to $200
_Analysis:_
- Price remains in an Uptrend but has pulled back, presenting a 'buying dip' opportunity - Nearest Support Zones: - $160.00 - Resistance Zone: - $190.00,$200.00
- Resistance Levels: - $8.21 (200-period simple moving average on 4-hour chart) - Support Levels: - $7.53 (100-period simple moving average on 4-hour chart)
_Scenarios:_
- Bullish Scenario: Sustained move above $8.21, targeting $8.50 and $8.80 - Bearish Scenario: Breakdown below $7.53, targeting $7.30 and $7.00, with potential further downside below $7.00
- Current Price: $0.0049 - 24-hour Price Change: +2.8% - Support Levels: $0.0046 - Resistance Levels: $0.0057, $0.0068 - Moving Averages: NOT price fluctuating around 15-minute moving averages - Prediction: Potential fall to $0.0046 support level, followed by aggressive buying and a strong recovery, potentially leading to a rise to $0.0057 and $0.0068 resistance levels
- Current Price: $0.000035 - 24-hour Price Change: -2.8% - Resistance Levels: $0.000037, $0.000048 - Fibonacci Levels: Not specified - Prediction: Surpassing Fibonacci levels and reaching $0.000048 resistance, potentially leading to a new ATH next week