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Premium members caught the strong MAGMA/USDT breakdown and turned it into a profitable trade. ππ°
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SAGA/USDT has dropped 35.75% in profits.
The price is still near the same level and may go to a new lower low soon.
Book a decent amount of profit here and let the runner run.
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BTC/USDT is moving sideways between the two major levels.
It is not a good position for any openings; however, we need to wait for more clarity in the market.
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Short positions consistently outnumbered long positions across all time frames throughout last month, but the trend is now slowly beginning to shift ππ.
On the daily chart, there is currently over $500 million in long liquidations below us π.
Of course, this is nothing compared to the billions of short positions above us when you zoom out π, but itβs more than enough to trigger another long squeeze π₯π.
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πΈ Another massive win on ENA/USDT with $10,000 + Profit locked in!
Join us and catch the next move π
@CryptoBullsAdmiin
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This was the market the last time BTC was at $26k. ππ°
What did you notice? π§π
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BTC just recorded its worst weekly performance since the 2022 FTX collapse, per Bloomberg. π
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BTC.D retraced this week and is again slowly bending lower.
The index can fall further lower, but BTC also remains stable.
Do not jump in early to execute trades; instead, wait for clarity in the market.
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BTC/USDT is slowly retracing toward the major resistance area after being tapped from the major support zone.
Price is also forming a small bear flag pattern and may dip back to major support, potentially forming a double bottom as well.
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Bitcoinβs recent 13% decline has pushed the price well below the True Market Mean ($77.8k), a key level that often separates bull and bear market conditions. π
At around $67k, Bitcoin is now trading between the True Market Mean and the Realized Price ($53.9k), reinforcing the current bearish market structure. π»
The Short-Term Holder Cost Basis ($76.4k) has also fallen below the True Market Mean, a pattern last seen in early 2022. This suggests newer investors are buying at lower prices reflecting weaker market sentiment and increasing pressure on investor confidence. π
