#Bitcoin Bouncing as expected, Holding the Channel. Price p | Cryptorphic1 on Binance Square

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#Bitcoin Bouncing as expected, Holding the Channel.Price previously deviated from this same zone.
If this is a pre-etf pump. You might wanna wait before pulling the trigger!
#CryptoPredictions2024 #etf #BTC #ai

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#BTC Update:- closed around $84,088 (Binance). Unless we break above $87.5K, there’s still a chance we revisit the lower $70Ks before seeing any real reversal. With the weekend here, it’s wise to focus on capital preservation rather than taking unnecessary risks on futures, especially in such uncertain market conditions. Just a heads-up: the blue EMA on the chart is the 35-period. Hope this helps. Cheers, and have a great weekend! #bitcoin #crypto

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🚨 BREAKING:- The Federal Reserve has maintained interest rates, as anticipated, signaling potential rate cuts later this year amid slowing economic growth and rising inflation. Bitcoin (BTC) is currently trading at $85,108, up 3.81% from the previous close. To trigger significant market movements, BTC needs to break above the $86K-$87K range. High-leverage positions on both sides are being liquidated ahead of major moves. Ethereum (ETH) is trading at $2,035.14, reflecting a 7.50% increase. The attached ETH chart illustrates current market dynamics. #FedWatch #btc $BTC

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#Tether showing signs of rejection at multi-year resistance (~6%) Tether dominance is facing initial rejection from the key 6% resistance zone, a crucial level for swing-long traders. The index has been ranging between 4% and 6% since early 2024. A weekly rejection could trigger reversals in many altcoins. Stay objective, market conditions make this setup seem unlikely, but that’s the catch. Watch the charts without bias. Invalidation: A break and close above this resistance. Action: Scale in or hold spot positions. DYOR, NFA. More alpha and charts dropping from Monday. Stay tuned! #BinanceAlphaAlert #MarketRebound

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MARKET UPDATE:- Tether’s breakout above 4.33% which aligns with the 100 EMA and the trendline resistance of the current trend, could delay the anticipated altseason by a few months. If this level holds, we may see a green Q2 instead of Q1. Why This Resistance Matters A rejection at the current resistance is crucial. The market sentiment is at a point where traders are exhausted, impatient, and uncertain often an ideal setup for a reversal. So we could see a fake breakout before breaking down again but this is just my opinion as per market sentiment and Altcoins charts but who knows! We’ve already endured significant pain while BTC continues trading within a narrow $5K range. This price action is unlike anything we’ve seen before. Risk Management in the Current Market:- • Avoid Excessive Exposure to Derivatives – The market is unstable, making futures trading particularly risky. • Holding Spot Bags? Stay Patient – A single day of bullish momentum could push your portfolio back to break-even levels. The Game Plan:- For now, we wait for clarity , I am holding my spot bags, though looking them is painful lol. Please manage your risks properly. Dont play on futures if you’re not experienced! #altcoins #btc

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