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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. ππΊπΈ
U.S. 10-year real yields hit ~2.4%. πΈ
The USD remains strong. π΅
Stocks are near highs, credit markets stable, and volatility low. π
BTC pressure is a macro liquidity issue, not a traditional risk-off environment. π
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The market went crazy today π and premium members capitalized with big profits ππ
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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. π
We've been front-running major areas for a while now. π
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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 :- πππ
LEV :- 50x
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INSIGHT: Bitcoinβs bottoming process is progressing π, but downside risk still remains β οΈ, according to Glassnode.
Despite signs of peak long-term holder capitulation π, the market has not yet fully confirmed a bottom π.
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Crypto investors have realized $10B in net losses over the past 30 days as bearish sentiment deepens ππ».
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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.
