Bitcoin continues to rise and is breaking through resistance levels. Sentiment is positive in anticipation of the upcoming White House crypto summit. There is minor resistance in the $92,200 to $92,600 range, and if we surpass this, we could reach the major resistance level around $95,000. The current support is in the $89,500 to $90,000 range.
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CREAM tested the support area and bounced back from it, resulting in a long position now showing more than a 10% profit. Itβs advisable to increase your stop loss and hold onto the trade. The support and resistance levels remain unchanged. Consider adding more to your position if the price drops back to the support zone.
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π¨ UPDATE: Bitcoinβs Volatility Surges! π¨
Bitcoinβs realized volatility has hit some of the highest levels of this cycle, surpassing 80% on both one-week and two-week timeframes, according to Glassnode.
This extreme volatility signals heightened market activity, with traders navigating massive price swings. Buckle upβthings are about to get even more exciting!
Bitcoinβs realized volatility has hit some of the highest levels of this cycle, surpassing 80% on both one-week and two-week timeframes, according to Glassnode.
This extreme volatility signals heightened market activity, with traders navigating massive price swings. Buckle upβthings are about to get even more exciting!
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#BTC/USDT ANALYSIS
Bitcoin is rebounding from the support trendline of the descending broadening wedge pattern, with the 200MA serving as a key resistance barrier above the price action.
A breakout above both the 200MA and the patternβs resistance trendline would confirm a bullish trend. Conversely, a breakdown below the support trendline could trigger further market correction.
Bitcoin is rebounding from the support trendline of the descending broadening wedge pattern, with the 200MA serving as a key resistance barrier above the price action.
A breakout above both the 200MA and the patternβs resistance trendline would confirm a bullish trend. Conversely, a breakdown below the support trendline could trigger further market correction.
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Bitcoin was unable to break above the $83,800 resistance area and was rejected there. Following the decline, the price is now showing some recovery, but it needs to hold above $80,000; otherwise, we could see further downward movement. The resistance area remains the same, between $83,200 and $83,800.
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METIS analysis:
The price has broken through a major support area and is currently in a downtrend. There is a falling wedge pattern visible on the daily chart. A breakout from this pattern in an upward direction would confirm a trend reversal. We are only considering new long positions if the price can break above and hold above the $19 level.
The price has broken through a major support area and is currently in a downtrend. There is a falling wedge pattern visible on the daily chart. A breakout from this pattern in an upward direction would confirm a trend reversal. We are only considering new long positions if the price can break above and hold above the $19 level.
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#US DOLLAR ANALYSIS
The US dollar is consolidating within a descending triangle, reflecting market indecision. The Ichimoku Cloud acts as key support, preventing further downside while indicating momentum.
A breakdown below the cloud could trigger bearish pressure, leading to further declines. Conversely, a bounce might signal a shift in sentiment, keeping the price inside the triangle.
Traders should watch closely for a breakout or breakdown to determine the next move. Given the dollarβs inverse correlation with crypto, its direction could impact broader market trends.
The US dollar is consolidating within a descending triangle, reflecting market indecision. The Ichimoku Cloud acts as key support, preventing further downside while indicating momentum.
A breakdown below the cloud could trigger bearish pressure, leading to further declines. Conversely, a bounce might signal a shift in sentiment, keeping the price inside the triangle.
Traders should watch closely for a breakout or breakdown to determine the next move. Given the dollarβs inverse correlation with crypto, its direction could impact broader market trends.
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TON analysis:
The price has fallen below the major support area to collect liquidity and then quickly rebounded. You can consider accumulating some TON during dips near this support level (below the $3.30 level). If the price manages to break through the local resistance area, we could see a rally toward the major resistance area.
Major Support Area: $2.75-$3.00
Local Resistance Area: $3.65-$3.85
Major Resistance Area: $4.50-$4.75
The price has fallen below the major support area to collect liquidity and then quickly rebounded. You can consider accumulating some TON during dips near this support level (below the $3.30 level). If the price manages to break through the local resistance area, we could see a rally toward the major resistance area.
Major Support Area: $2.75-$3.00
Local Resistance Area: $3.65-$3.85
Major Resistance Area: $4.50-$4.75
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Bitcoin dominance is forming a triple-top pattern, which indicates a potential trend reversal. If Bitcoin (BTC) remains stable or experiences slow upward movement, altcoins may surge. The dominance has been rejected from the local resistance area, and we could see it test the support range of 60.60% to 61.00%.
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#TRX/USDT ANALYSIS
TRX is consolidating within a falling wedge pattern and is currently facing rejection at the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action, adding further pressure on the price.
A breakout above both the cloud and the pattern would signal a bullish trend, potentially leading to upward momentum. Keep a close eye on it.
TRX is consolidating within a falling wedge pattern and is currently facing rejection at the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action, adding further pressure on the price.
A breakout above both the cloud and the pattern would signal a bullish trend, potentially leading to upward momentum. Keep a close eye on it.
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AIXBT analysis:
Price bounced after testing the support area. You can open a long position if the price drops again to the support area. The price is in a continuous downtrend, and we may see a trend reversal soon.
Support Area: $0.094-$0.097
Resistance Area: $0.130-$0.135
Price bounced after testing the support area. You can open a long position if the price drops again to the support area. The price is in a continuous downtrend, and we may see a trend reversal soon.
Support Area: $0.094-$0.097
Resistance Area: $0.130-$0.135
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π SOL Futures Call π
πΉ Pattern: Triangle formation, respecting support line.
πΉ Entry:
- Long near support area: $126.70-$127.40
- Or after breakout & hold above: $136
πΉ Key Levels:
β Support: $126.70-$127.40
πΌ Resistance: $134.80-$136.20
β Stop Loss: Below $121
πΉ Leverage: 5x recommended
π Watch for confirmation before entering!
πΉ Pattern: Triangle formation, respecting support line.
πΉ Entry:
- Long near support area: $126.70-$127.40
- Or after breakout & hold above: $136
πΉ Key Levels:
β Support: $126.70-$127.40
πΌ Resistance: $134.80-$136.20
β Stop Loss: Below $121
πΉ Leverage: 5x recommended
π Watch for confirmation before entering!
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PNUT has broken through the resistance area and is now moving towards the major resistance area. You can open long positions if the price retests the support or breaks above the major resistance area.
Support Area: $0.1750-$0.1800
Major Resistance Area: $0.2145-$0.2180
Support Area: $0.1750-$0.1800
Major Resistance Area: $0.2145-$0.2180
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