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BTC/USDT finally tapped into the resistance area and saw a strong rejection.
The price has once again moved into the middle of the large range; a bearish bias can continue, with a drop likely to persist until the support area around $58,200 - $59,550.
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Bitcoin's weakness stems from higher real rates and market fear. 📉🇺🇸
U.S. 10-year real yields hit ~2.4%. 💸
The USD remains strong. 💵
Stocks are near highs, credit markets stable, and volatility low. 📈
BTC pressure is a macro liquidity issue, not a traditional risk-off environment. 📉
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BTC/USDT has reached the resistance area, but the price was rejected on the first attempt.
There is still positivity in the market, and we expect another test of this zone.
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Let's see if BTC finally has what it takes to sweep the 65K region. 🚀
We've been front-running major areas for a while now. 📈
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XRP/USDT
Type Of Trade :- Short
Entry Point :- Market Price
Stop Loss :- At your discretion
Target 1 :- 50%
Target 2 :- 110%
Target 3 :- 160%
Target 4 :- 200%
Target 5 :- 240%
Target 6 :- 🚀🚀🚀
LEV :- 50x
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INSIGHT: Bitcoin’s bottoming process is progressing 📉, but downside risk still remains ⚠️, according to Glassnode.
Despite signs of peak long-term holder capitulation 📉, the market has not yet fully confirmed a bottom 🏁.
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Crypto investors have realized $10B in net losses over the past 30 days as bearish sentiment deepens 📉🐻.
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SNX/USDT kept on making new lower low, after break of the support formation.
Also, price going into small consolidation after the break, and selling looking bearish, so short-selling would be great opportunity for it once setup is formed in retracement.
