BTC Still Looks Exciting on the Monthly Chart
For the first time this year, the EMA14 has been tested, and it looks like we might experience strong price rejection here. Historically, this has been a strong level for rebuilding momentum and continuing the trend. If this monthly candle closes above both the low of the last three months and EMA 14 , it could present a good buying opportunity for the long term.
But donβt get distracted by short-term market movesβthey can often be misleading.
For the first time this year, the EMA14 has been tested, and it looks like we might experience strong price rejection here. Historically, this has been a strong level for rebuilding momentum and continuing the trend. If this monthly candle closes above both the low of the last three months and EMA 14 , it could present a good buying opportunity for the long term.
But donβt get distracted by short-term market movesβthey can often be misleading.
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Bitcoin is currently experiencing a routine price correction ahead of a potential major surge π. As long as it stays above the $55K-$56K range, there's no cause for concern. However, if it drops below $55K-$56K, we might see a decline to new lows or a retest around $48K
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Bitcoin 1H
Key Range to Watch
Keep an eye on the $63,250 range for Bitcoin. If the global market starts to recover in the coming hours after its recent low, we could see more money flowing into BTC and gold.
If this doesnβt happen, and if Bitcoin canβt hold this range (63,250) within the next hour and closes below it (1H candle), the next potential bounce area will be around $62,400, then S2. Stay vigilant and check the above charts closely!
Key Range to Watch
Keep an eye on the $63,250 range for Bitcoin. If the global market starts to recover in the coming hours after its recent low, we could see more money flowing into BTC and gold.
If this doesnβt happen, and if Bitcoin canβt hold this range (63,250) within the next hour and closes below it (1H candle), the next potential bounce area will be around $62,400, then S2. Stay vigilant and check the above charts closely!
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BTC Short term
We have finally reached the key retracement area, indicating a healthy pullback. Now, buyers must regain strength to sustain this trendβπ
We can anticipate a bounce anywhere below the 67k level, particularly around the September highs of 66,500 to 65,500. If this bounce materializes, it could set the stage for a continued upward movement toward the 70k to 72k range, as mentioned in previous updates. Keep an eye on these critical levels!
We have finally reached the key retracement area, indicating a healthy pullback. Now, buyers must regain strength to sustain this trendβπ
We can anticipate a bounce anywhere below the 67k level, particularly around the September highs of 66,500 to 65,500. If this bounce materializes, it could set the stage for a continued upward movement toward the 70k to 72k range, as mentioned in previous updates. Keep an eye on these critical levels!
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USDT Dominance at Key Support Zone
USDT dominance is currently at a notable support level, signaling a possible shift of capital from cryptocurrencies into stablecoins in the short term. If the current level holds and rejects, this could point to a Short term bearish outlook for the crypto market.
In this scenario, we may see USDT dominance rise above to its previous swing low of 4.58+, followed by a sharp drop of around 2.63%. During this phase, the crypto market could experience an initial retracement (dip) before resuming its new stage of Bull RUN π
Caution for New Long Positions
Caution is advised when opening new long positions, especially in BTC and altcoins. To consider entering the market, BTC must either break out above 99,000 on the daily chart or revisit the key area of interest at 90,500β91,500. If these levels are confirmed, it could present an opportunity to long your favorite altcoins and BTC
USDT dominance is currently at a notable support level, signaling a possible shift of capital from cryptocurrencies into stablecoins in the short term. If the current level holds and rejects, this could point to a Short term bearish outlook for the crypto market.
In this scenario, we may see USDT dominance rise above to its previous swing low of 4.58+, followed by a sharp drop of around 2.63%. During this phase, the crypto market could experience an initial retracement (dip) before resuming its new stage of Bull RUN π
Caution for New Long Positions
Caution is advised when opening new long positions, especially in BTC and altcoins. To consider entering the market, BTC must either break out above 99,000 on the daily chart or revisit the key area of interest at 90,500β91,500. If these levels are confirmed, it could present an opportunity to long your favorite altcoins and BTC
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π DSYNC Ready to Fly
With strong fundamentals and Some insider insights, this project is positioned for a potential Pump . However, timing your entry is crucial!
π Strategy for Entry:
β’ Wait for a 4H support retest
β’ Or a confirmed daily breakout
Patience will reward us with a better discount before boarding this next 2X train. Stay sharp, and donβt chaseβlet the setup come to you!
π Watch for real-time updates on support levels and breakout confirmations.
Spot call updates will be shared here
With strong fundamentals and Some insider insights, this project is positioned for a potential Pump . However, timing your entry is crucial!
π Strategy for Entry:
β’ Wait for a 4H support retest
β’ Or a confirmed daily breakout
Patience will reward us with a better discount before boarding this next 2X train. Stay sharp, and donβt chaseβlet the setup come to you!
π Watch for real-time updates on support levels and breakout confirmations.
Spot call updates will be shared here
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π DSYNC Ready to Fly
With strong fundamentals and Some insider insights, this project is positioned for a potential Pump . However, timing your entry is crucial!
π Strategy for Entry:
β’ Wait for a 4H support retest
β’ Or a confirmed daily breakout
Patience will reward us with a better discount before boarding this next 2X train. Stay sharp, and donβt chaseβlet the setup come to you!
π Watch for real-time updates on support levels and breakout confirmations.
Spot call updates will be shared here
With strong fundamentals and Some insider insights, this project is positioned for a potential Pump . However, timing your entry is crucial!
π Strategy for Entry:
β’ Wait for a 4H support retest
β’ Or a confirmed daily breakout
Patience will reward us with a better discount before boarding this next 2X train. Stay sharp, and donβt chaseβlet the setup come to you!
π Watch for real-time updates on support levels and breakout confirmations.
Spot call updates will be shared here
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JUST IN: πΊπΈ Goldman Sachs just disclosed owning $710 MILLION #Bitcoin through ETFs - SEC fillings
This is via 13F filings which is what institutions file to the SEC to disclose what they are holding for their clients.
Effectively #Bitcoin is in demand everywhere and Goldman has no choice but to execute or lose their wealth management customers.
This is via 13F filings which is what institutions file to the SEC to disclose what they are holding for their clients.
Effectively #Bitcoin is in demand everywhere and Goldman has no choice but to execute or lose their wealth management customers.
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πSpot Bitcoin ETFs are seeing the strongest inflow in BTC terms since March 2024! πͺ
Just yesterday, U.S. spot Bitcoin ETFs attracted $870 million β the third-largest inflow since their launch. π°
Currently, Bitcoin ETF issuers are holding BTC worth $72.5 billion.
Just yesterday, U.S. spot Bitcoin ETFs attracted $870 million β the third-largest inflow since their launch. π°
Currently, Bitcoin ETF issuers are holding BTC worth $72.5 billion.
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