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helping Malayalis😎 🎯 Daily crypto market updates & build a big crypto community in india to help each others 💬 : @Cryptomachan_Official Telegram channel link :- https://t.me/+IJSBupGzjLY5ZWNl Exchange I prefer: https://bingx.pro/partner/CryptoMachan/
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Cryptomachan is live on youtube 🙌🏻
https://www.youtube.com/live/mXPCARzI71c?si=1eSTbA0wXHJWhXPe
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📉 Gold
The 4545 entry from Scenario 1 was not triggered on the chart shared in my analysis.
However, the setup did trigger for me at 4545 on BingX Gold market , so some of you trading on BingX may have been filled as well.
The trade is currently sitting at around 1:2 RR, so make sure to move your stop loss to breakeven and manage your risk accordingly.
⚠️ If you're using a different exchange and didn't get triggered, don't chase the move. The other two other scenarios are still valid, so stay patient and wait for your setup.
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Price has retested the daily open after sweeping the 15H low. A partial long can also be considered from this level.
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Plan 1️⃣
Wait for price to break the most recent swing high from the current demand zone, giving us a clear LTF structure shift.
After that, look for an entry on the retest of the new demand zone around 66,250–65,860.
Plan 2️⃣
If the first setup fails to hold, allow price to fully sweep the current HTF key support area first.
Once the sweep is completed, wait for a clear swing high break (market structure shift) and then look for an entry on the retest from a discount area.
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💫 So around the current 64K–65K zone, there are two possible ways to trade it on the LTF, which I'll share below. Make sure to read through the plans carefully.
The main reason we're considering a counter-trend long here is because BTC is sitting right at a key HTF equal-low area, where buyers could step in and defend price.
⚠️ However, keep in mind that the overall higher-timeframe bias is still bearish. That's why any long setup from this area should only be taken after confirmation and with extra caution.
I'll break down both scenarios below along with the chart. 👇🏻
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📊 BTC Update
After the recent sell-off and our 67K target being tapped, BTC has now reached a major support zone at 64K–65K.
👉🏻From a daily and weekly perspective, this is the most important support level on the chart right now. With price resting on equal lows, there's a good chance that some short sellers start taking profits here, which could lead to a relief bounce before any further downside.
So On the HTF, I only see 2 levels that really interest buyers:
🔹 64K–65K – Current daily support
🔹 54K – Weekly external liquidity, which remains unfilled
💫So For now, keep an eye on the 64K–65K zone. If we get a clear buy-side structure shift on the 15M or 1H timeframe, then a counter-trend long can be considered.
But don't forget the bigger picture.I'll be watching for fresh short opportunities if price gives confirmation around 72.5K–73.5K or any other premium level based on the 4H structure.
🤞🏻For now, let the market react at support and wait for confirmation before picking a side🎯
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Hope you understand how discipline helps capture an entire market move.
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Below 67K done ☑️, just as I told you.
I'm now booking the remaining 40% of my short position here. Ended up with a 1:11 RR trade 🤞🏻💪🏻 and I’m keeping just 10% of the position open in case the market sees another sharp drop.
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This Dump isn’t over yet. Once the price starts to reverse, I’ll post an update here.
Until then, stay cautious. Key updates coming soon 👉🏻☑️
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Non-stop BTC dump 💥❤️ Called it again 💪🏻 Enjoy the dump while the moon boys panic 😅
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Just $1k away from our 67k target. Have you ever experienced a 1:10 risk-to-reward ratio before? Be ready🤞🏻
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1H Update:
There are no major changes in BTC. The 4H and 1H timeframes continue to maintain a bearish market structure, with the 67K external liquidity target still in play based on the current price action.
But before reaching 67K, if BTC retraces into the 72,500 dynamic resistance or the 73,300 key resistance area, you can look for potential short setups and plan your trades accordingly.
Daily Timeframe: Also, keep in mind that the daily candle is currently trading within a buyers' interest zone, making today's daily close very important. If we fail to see a strong rejection before the daily close, additional panic selling could emerge in the coming days. So Until a clear lower-timeframe (LTF) reversal structure develops, avoid looking for counter-trend long positions too .
👉🏻 focus on the key 1H resistance levels for potential short opportunities rather than trying to catch a bottom.
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Cryptomachan is live 👇🏻👇🏻
https://www.youtube.com/live/WUR1MIQg6r4?si=S_nNncxEd5Tvk1lS
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