Forwarded from CoinW Traders Signal Analysis
#update
Bitcoin is currently trading at $105,400 after reaching a new all time high of $112,000 the other week. It is down about -6.5% from its peak.
It would be ideal if Bitcoin can regain the $106,260 level , as that is the previous high from earlier in the year. If we can reclaim that resistance zone, it's possible we'll see a retest of the $110k-112k region again.
On the other hand, if we take out Saturday's low of $103,000, it's likely we'll see a quick plunge to the $100k region , which is a key psychological support area, and is also where we have the 55 EMA coming in (a very important moving average that dictates long-term trend
Bitcoin is currently trading at $105,400 after reaching a new all time high of $112,000 the other week. It is down about -6.5% from its peak.
It would be ideal if Bitcoin can regain the $106,260 level , as that is the previous high from earlier in the year. If we can reclaim that resistance zone, it's possible we'll see a retest of the $110k-112k region again.
On the other hand, if we take out Saturday's low of $103,000, it's likely we'll see a quick plunge to the $100k region , which is a key psychological support area, and is also where we have the 55 EMA coming in (a very important moving average that dictates long-term trend
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Forwarded from CoinW Traders Signal Analysis
#update
šØ CLARITY Act update:
The CLARITY Act vote is happening RIGHT NOW and the market is extremely volatile. Expect sharp moves, fakeouts, and fast liquidity grabs while headlines and vote developments come through. š
This is one of the biggest crypto regulation events being watched right now as it could shape how digital assets are classified and regulated going forward. The committee vote is seen as a major step, but political disagreements are still creating uncertainty. ()
For now, Iām staying cautious and reducing risk. Days like this can move the market hard in both directions very quickly.
šØ CLARITY Act update:
The CLARITY Act vote is happening RIGHT NOW and the market is extremely volatile. Expect sharp moves, fakeouts, and fast liquidity grabs while headlines and vote developments come through. š
This is one of the biggest crypto regulation events being watched right now as it could shape how digital assets are classified and regulated going forward. The committee vote is seen as a major step, but political disagreements are still creating uncertainty. ()
For now, Iām staying cautious and reducing risk. Days like this can move the market hard in both directions very quickly.
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