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Coin : BTC/USDT - LONG SIGNAL 📈 Time Interval: 1h 🕗 Price : $66172.25 ------------- Based on the technical indicators for BTCUSDT on the 1-hour timeframe, I recommend a buy decision. The price is currently above both the SMA20 and SMA50, indicating a potential uptrend. Additionally, the RSI is at a neutral level, suggesting room for further price movement. 🟢 Take Profit: $67500 🔴 Stop Loss: $65000 $BTC #BTC #etf #signaladvisor

Coin : BTC/USDT - LONG SIGNAL 📈

Time Interval: 1h 🕗

Price : $66172.25

-------------

Based on the technical indicators for BTCUSDT on the 1-hour timeframe, I recommend a buy decision. The price is currently above both the SMA20 and SMA50, indicating a potential uptrend. Additionally, the RSI is at a neutral level, suggesting room for further price movement.

🟢 Take Profit: $67500

🔴 Stop Loss: $65000

$BTC #BTC #etf #signaladvisor

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🟡 Why is crypto down today? Bitcoin sheds 4.3% in 24 hour trading. Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push. The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the $66,000 price territory on April 15, with the global crypto market cap surging to $2.384 trillion. However, following the $66,867 high yesterday, BTC witnessed a subsequent collapse, dropping to the higher spectrum of the $61,000 threshold before staging a recovery from this floor. Despite the push above this level, Bitcoin witnessed a 4% decline in the past 24 hours, trading at $63,250 at the time of writing. Consequently, the crypto market has lost over $79 billion in valuation over the past day, with the global crypto market cap currently sitting at $2.243 trillion. One of the primary factors responsible for this sudden pullback is a surge in selloffs, as market participants rushed to exit the market at breakeven upon the rebound. Notably, total volume across the market increased to $121 billion yesterday, representing a growth in trading activity. During a market downturn, a surge in trade volume suggests an increase in selloffs. Despite a slight drop, volume has remained above the $100 billion mark, currently amounting to $112.7 billion. In addition, Coinglass data confirms that Bitcoin derivatives volume has increased by 10.31% in the last 24 hours to $98.1 billion as of press time, with the long/short ratio sitting at 0.9573. This figure indicates a confluence of increased derivatives trades and a predominant bearish sentiment. The prevailing bearish pressure has persisted despite the upcoming halving event, expected to bolster Bitcoin’s price action by reducing the daily inflation rate. $BTC #BTC #bitcoinhalving
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