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5 661
$BTC 1W Testing the macro ascending trendline. All eyes on this level. Hold and we bounce, break and things get heavy. Watch the reaction here closely. π
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Let's look at spot orderbooks to find the nearest support zones where the selloff could finally stop.
Here's what stands out:
β $65K: First big buy wall and a major support level.
β $62K - $63K: Next pocket of large bids. This is where I expect a potential bottom to form.
β $60K: The largest buy wall currently sits here on Binance spot.
These are the levels I'm watching as price moves lower.
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NEAR Hackathon Submissons: 500+
Intents Buybacks: $8m
Real Revenue. Real Products, brotha.
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The time to buy is when you want to sell.
The time to sell is when you want to buy.
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$764,600,000 In longs liquidated in the weekend is wild !! Degeneratsβ¦.
Total liquidation amount in the last 24h is $823,900,000.
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MASSIVE WEEK COMING FOR CRYPTO HOLDERS
Monday: Fed will inject $3.65 Billion into the economy
Tuesday: US CPI and Core CPI data will be released
Wednesday: Treasury will buy back $750 Million of its own debt
Thursday: US housing data, 3 Fed officials will deliver speech
Friday: US PPI and Core PPI data
The most important ones are CPI and PPI data, as the rate decision will depend on them
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$BTC positioning just hit a historic extremeβοΈ Net shorts: all time high π Longs: all time low π Every previous move to these levels has marked a major bottom. A massive short squeeze could be loading... π
