$BTC Short Signal #Short-term #future_trading_signal Entry | Alex Atashkar på Binance Square

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$BTC Short Signal
#Short-term 
#future_trading_signal 
Entry Zone: 72,200 - 72,500
Max: X10
SL: 73,500
TP1: 71,800
TP2: 71,500
TP3: 71,250
TP4: 71,100
TP5: 70,900

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$BTC Bitcoin has lost its primary weekly support and is now hovering around the weekend support level of 59,800. It is highly likely that the 59,800 support will not hold, leading to a further decline towards the monthly support at 51,000. If the 59,800 level is breached, we can expect a sharp price drop. Additionally, geopolitical tensions in the Middle East, including the potential for conflict in Lebanon, combined with a significant drop in the American stock market, are exerting extra pressure on the cryptocurrency market. Contrary to the views of many analysts, I believe that from today until the end of August, the market will perform poorly, with the negative trend worsening around mid-month. Original support: 59,800 Current resistance: 66,500

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$BTC #BTC.USDT Bitcoin has broken through its initial weekly support with ease and is now resting on the main weekly support. It's important to note that there is a final support level at 58,700, which may be easily tested if the 61,300 level is breached. Thus, 61,300 is the key support level to prevent further declines. This support is considered on a monthly basis. It's highly probable that we will first see a move back to the 65,500 resistance. If rejected there, Bitcoin may continue towards completing the monthly correction. Main Support: 61,300 Current Resistance: 66,600 $BTC

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$BTC BTC has touched the daily 200 EMA before during a bull run. Many people think we're in a bear market again. Here's how it looked in 2016 and 2017. Imagine selling at those times.

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$BTC The DXY chart indicates potential signs of an impending bearish trend. Should this materialize, it could result in a significant uptrend for cryptos such as Bitcoin, Ethereum, and Solana. Historically, a weakening dollar has often led to an increase in the value of these digital assets, potentially creating favorable market conditions. $SOL $ETH

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$BTC Bitcoin has officially lost its main weekly support at 64,000 and has settled on a shaky weekly support at 62,300. After a long time, it touched the resistance of 60,500, quickly returning to 61,000. This suggests a potential monthly correction, where Bitcoin may gradually move toward monthly support, find support there, and then witness an upward return, potentially reaching a new all-time high. Importantly, the Smart Money indicator is now at 95%, indicating a suitable buying position. The last time this indicator was at this level was when Bitcoin was in the 15-16 thousand range, which preceded a tremendous growth to above 70,000. Current support: 60,500 Current resistance: 64,600

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