💰The capitulation of Bitcoin miners has reached levels comparable to December 2022: a drawdown of 7.6%.

December 2022 marked the bottom of the cycle after the FTX crash.

#BTC/USDT ANALYSIS

Bitcoin is currently trading within a descending triangle pattern, which often signals a potential breakout or breakdown. The price is positioned above a significant horizontal demand zone, indicating that there is buying interest at this level.

The 200-day moving average is providing strong support, suggesting that there is a substantial amount of momentum below the triangle.

On the other hand, the Ichimoku cloud acts as a resistance, creating a barrier for upward movement. To determine the next significant move, it is crucial to wait for a clear and confirmed breakout above the resistance or a breakdown below the support. This will provide a more definitive direction for Bitcoin's future price action.

📍Coin : #SOL/USDT

🟢 LONG

👉 Entry: 142.2800 - 137.1200

🌐 Leverage: 20x

🎯 Target 1: 143.7000
🎯 Target 2: 145.1300
🎯 Target 3: 146.5800
🎯 Target 4: 148.3000
🎯 Target 5: 150.3000
🎯 Target 6: 153.1340

❌ StopLoss: 131.0000

ByBit USDT, KuCoin Futures
#DODO/USDT Take-Profit target 4 ✅
Profit: 32.3344% 📈
Period: 2 Days 15 Hours 55 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#ATOM/USDT Take-Profit target 5 ✅
Profit: 41.9928% 📈
Period: 3 Days 15 Hours 50 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#CHZ/USDT Take-Profit target 6 ✅
Profit: 54.521% 📈
Period: 3 Days 6 Hours 55 Minutes ⏰

ByBit USDT, KuCoin Futures
#DODO/USDT Take-Profit target 5 ✅
Profit: 41.9558% 📈
Period: 2 Days 17 Hours 46 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#CHZ/USDT Take-Profit target 7 ✅
Profit: 64.2661% 📈
Period: 3 Days 9 Hours 43 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#LINK/USDT Take-Profit target 5 ✅
Profit: 42.3117% 📈
Period: 3 Days 11 Hours 37 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#ATOM/USDT Take-Profit target 6 ✅
Profit: 51.6486% 📈
Period: 3 Days 21 Hours 31 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SOL/USDT Take-Profit target 2 ✅
Profit: 59.8933% 📈
Period: 1 Days 7 Hours 56 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#SOL/USDT Take-Profit target 3 ✅
Profit: 70.1869% 📈
Period: 1 Days 11 Hours 35 Minutes ⏰

Bitget Futures, ByBit USDT
#FTM/USDT Take-Profit target 1 ✅
Profit: 10.1283% 📈
Period: 4 Days 19 Hours 37 Minutes ⏰