☝️Recent closed short signals☝️

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@binance_master

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3/50

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Another Day Another Consolidation, #BTC made a new consolidating range after the sharp dump. Also, its on a strong support zone, so its been a moment to see, where it breaks out.

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In 2023, one of the most unexpected events in the world of #Bitcoin has been the emergence of ordinals and inscriptions. This phenomenon has occurred in two distinct waves:

Wave 1: This wave was primarily focused on image-based inscriptions, leading to the creation of NFT assets on the Bitcoin blockchain. So far, a total of 1.08 million images have been inscribed.

Wave 2: The second wave was dominated by text-based inscriptions related to 'BRC-20 tokens,' which often involve higher transaction fees. As a result, Bitcoin now hosts a significant number of 14.8 million text-based inscriptions.

While Wave 2 had a much larger number of inscriptions, its activity has been steadily declining since May. However, there was a slight increase in text inscriptions this week, although unconfirmed transactions across Bitcoin's mempools are starting to clear overall.

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#BTC dipped down strongly back to support zone and bounced and still in HTF, its a range and we should wait for a breakout either side and anticipating volume to drive the price.

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Recently closed signals👆

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