#BTC/USDT ANALYSIS

Bitcoin is currently trading within a descending triangle pattern, indicating a period of consolidation that could precede a significant price movement.

The Ichimoku cloud, is acting as a resistance zone above the current price action, suggesting bearish pressure in the market.
Concurrently, the 200MA is providing a critical support level below the triangle, highlighting a potential area of buying interest.

To determine the next significant price direction, traders should closely monitor for a successful breakout above the resistance of the descending triangle or a breakdown below the support.

Until such a move is confirmed, it is prudent to remain cautious and avoid making significant trading decisions based solely on the current price action within the triangle.

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#ATOM/USDT Take-Profit target 3 ✅
Profit: 23.2972% 📈
Period: 2 Days 17 Hours 23 Minutes ⏰

Bitget Futures, ByBit USDT
#ATOM/USDT Take-Profit target 4 ✅
Profit: 32.491% 📈
Period: 2 Days 20 Hours 21 Minutes ⏰

Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#CHZ/USDT Take-Profit target 5 ✅
Profit: 44.8711% 📈
Period: 2 Days 11 Hours 42 Minutes ⏰

SEC ALLEGES LIDO AND ROCKET POOL STAKING PROGRAMS ARE SECURITIES

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, kept on hodling the support area, we can see Daily candle kept on rejecting the support and weekly will does the same, just one more candle to go. A rejection will be good to see as it might start a reversal.

The market is being quietly bought back, and in general, after the rebound, we stand still, move sideways and take out our stops.

This market behavior is normal practice, but there is also a lot of negativity that is coming out right now in fear and at the bottom!

Altcoins will soon fly upward on the decline of dominance, which has been in the corridor for too long.

ETH should soon show a good pump before etf approval 📈

Over the past two months, the number of bitcoins stored on over-the-counter platforms has increased significantly

💰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 ⏰