BTC, a double top will be validated if the daily close is below $66,700 which would open the door to 64,000 43774

Flash crash in progress 🚨

For now, it's just a cleaning of the lever positions.

As long as BTC maintains $67,000, the structure will remain bullish and the targets will remain $72,000, $72,900 and $73,800.

These are the times to have buy limit orders pending in relevant areas.#Binance #DeFi #Bitcoin $ETH $BTC $BNB

#VANRY #VANAR 🌜⚡
#Binance #Bitcoin #Web3 $SOL $BNB $BTC

Binance announced that it will be performing a system upgrade expected to last 3 hours on April 23.
•The exchange warned users of the possibility of systemic issues during the specified hours and said funds would be safe.#Binance #DeFi #NFT #Bitcoin #DEX $BTC $ETH $BNB

#Solana $BTC #Binance #NFT #Web3 #Bitcoin

BTC has broken the trendline as well as the low at $64,500 so the chances of capturing liquidity below the bottom of the range at $59,000 increase considerably.

BTC will sooner or later come below $59,000, the question is above all: how will the price react?

Maintaining $59,000 ensures at least a consolidation in the range and at best a bullish continuation towards a new ATH.

On the other hand, a break of $59,000 ensures a return between $42,000 and $50,000.

In the short term, BTC is stuck behind the trendline which it is unable to re-enter.

BTC will remain bearish as long as it does not close above the imbalance which extends from $68,000 to $70,500 (= zone which also corresponds to the short RLZ of the last movement).

Note, there is a CME gap around $67,000.

As long as the trendline and the imbalance are not recovered, there is a strong probability of printing a rejection with a descending high in H4 (= the last H4 low at $64,500 having already been broken).

On the other hand, if the trendline then the imbalance were recovered, then the H4 structure will be bullish and the objective will become the capture of liquidity above $71,300, $72,900 then $73,800.

Be careful, if an ATH was broken soon and then immediately reintegrated, it would be very bearish because it would indicate a distribution signal so the price would then seek out all the imbalances below $59,000 (see graph below). $ETH $BNB

BTC has broken the low at $64,500 so the chances of looking for liquidity below the bottom of the range at $59,000 increase considerably.

If the $59,000 gives way soon, BTC will certainly return to visit between $45,000 and $50,000.
#Binance #Web3 #SEC #BNB #Metaverse $BTC $ETH $BNB

What to expect now?

As long as BTC maintains major ascending lows (last at $64,500), then the structure remains bullish so the objective remains the break of the highs at $71,300, then $72,800 and finally new ATH above $73,900.

As long as BTC dominance continues to rise, then altcoins will continue to fall so we must:

• Either reduce the size of your positions on altcoins.
• Either hedge with shorts that cover your spot.

After such a brutal fall, which caused monstrous liquidations, a rebound is very likely, in particular to fill at least half the immense imbalance which extends from $67,900 to $70,500.

Be careful, if BTC breaks the trough at $64,500, it will head towards $59,000 then, if this level does not hold, the price could plunge below $50,000.
#Binance #Web3 #BTC #DEX #SEC $BTC $ETH $BNB

#Binance #BTC #SEC #Web3 $BTC $BNB $SOL Monstrous liquidation. The long RLZ and support were held and the last low at $64,500 remained intact. Structure still bullish. A colossal imbalance now exists between $67,400 and $70,800. A rebound is very likely.

If BTC validates a new ATH soon, it will be necessary to maintain the breakout of the old ATH at $73,800 because in the event of re-entry of this level, then BTC will probably seek liquidity below the range between $60,700 and $59,000 (or even below $50,500 if the $59,000 level did not hold).

👉 The BTC halving will take place on April 19 and this liquidity event could be a sell the news like the approval of spot BTC ETFs (See the graphic pattern above).

Trade with caution.$BTC #Binance #Optimism #BTC #SEC