CoinMamba

#BTCUSDT UPDATE Bitcoin is currently rebounding from the horizontal support zone within the descending triangle pattern. Encouragingly, the Ichimoku cloud signals bullish momentum in the market. Traders are advised to closely monitor for a potential breakout or breakdown from this pattern, as it could determine the next significant move for BTC. Stay alert and adaptable to market dynamics.

#Bitcoin    Funding Rates are negative! This means that the majority of the market is short. BULLISH! 🚀

#BTCUSDT UPDATE Bitcoin's breakout from the symmetrical triangle signals a significant development in its price action. The Ichimoku cloud further reinforces bullish momentum in the market. As the price potentially retraces for a retest, traders should watch for a successful retest, as it would confirm the bullish sentiment for BTC. Keep a close eye on these key indicators as the market unfolds.

📊 Bitcoin just hit $71000

#BTCUSDT UPDATE Bitcoin's recent break of the symmetrical triangle has resulted in a downward movement, with the price now rebounding from the horizontal demand zone. This rebound may indicate a potential retest of the triangle. Additionally, the Ichimoku cloud positioning above the price action of BTC suggests bearish momentum. It's worth noting that the pending CME gap could contribute to downward pressure. Traders, exercise caution and keep a close eye on these factors.

#BTCUSDT UPDATE Bitcoin encounters a firm rejection at the resistance trendline of the symmetrical triangle, highlighting the struggle for upward movement. Adding to the caution, the Ichimoku cloud signals bearish momentum, suggesting potential downward pressure. Despite these indications, confirmation through a decisive breakout or breakdown is still necessary to ascertain the next direction for BTC. Traders, exercise patience and remain vigilant as the market unfolds.

🇧🇷 #Bitcoin    futures to launch on Brazilian stock exchange 'B3' on April 17 - Reuters

#BTCUSDT UPDATE Bitcoin's recent move has shattered the descending triangle, signaling potential bearish sentiment. Confirmation could come with a retest below the triangle, reinforcing the downtrend. Adding to the caution, the 55MA is reflecting bearish momentum. Traders, stay vigilant in this volatile market environment.

🇱🇷Upcoming key events for the markets: 🟢28.03.2024, 12:30 UTC — GDP 🟢29.03.2024, 15:30 UTC — Fed Chair Powell Speech Get ready for increased volatility 📉📈

#BTCUSDT UPDATE Bitcoin has broken the both symmetrical triangle and inverse head and shoulder chat pattern. Currently, it is testing out the both patterns. The 4EMAs are also showing bullish momentum here. We can see a bullish rally in the market.🚀