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$BTC
Update You must watch! What will be the next move? 55K or 65K?
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BTC
69,470.01
-3.74%
1.1k
0
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Being bullish doesnāt mean you need to long every dip or only look for long opportunities. As a trader, your top priority is to remove any bias from your mind and the chart. Look at the chart as if youāre asking it where it will go. Too often, traders do the oppositeāthey try to tell the chart what to do and end up getting rekt.
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š° Total spot Bitcoin ETF trading volume surpasses $4.5 billion today. ā¢ BlackRock: $3,300,592,515 ā¢ Fidelity: $548,084,739 ā¢ Grayscale: $388,230,348 ā¢ ARK Invest: $136,048,673 ā¢ Bitwise: $130,402,168 ā¢ VanEck: $39,580,884 ā¢ Invesco: $17,365,883 ā¢ Franklin: $9,852,353 ā¢ WisdomTree: $6,770,258 ā¢ Valkyrie: $6,052,531 ā¢ Hashdex: $58,168 #Etf
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I know a lot of you are feeling worried about the market. Iāve gotten many messages from people scared to buy or even hold their current assets. Here are a few insights from my years of experience: 1. **Tether FUD**: Tether rumors often mark market bottoms. This kind of news isnāt new; weāve seen it for almost a decade, and this time it only lasted minutes. 2. **War Impact**: Sadly, wars often boost marketsānot immediately, but crypto can act as a hedge in times of conflict. 3. **BTC Dominance**: BTC dominance has likely hit or is near its peak. After the Israel news, altcoins dropped, and BTC dominance rose sharply. 4. **Elections**: With U.S. elections days away, we might see one last drop before a major pump. The market still looks strong, and BTC is holding around 67K. If youāre still nervous, crypto might not be the right space for you.
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Looking at the chart from an unbiased viewpoint, the daily time frame looks a bit concerning. The lower time frame also doesn't look promising for $BTC . However, if we are able to reclaim 68200 in the daily or maybe even in the lower time frame, this downward breakdown might become a fakeout. I am not risking taking new trades here. #bitcoin #btc
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$BTC hyblock heatmap(12hours). #bitcoin
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