Bitcoin is again below $84K! It has fallen to $83,700. Today in the USA, inflation data will come, so the market is fearful. For those who are new, donโt trade nowโjust watch the market and learn. #bitcoin #CryptoNews
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The market is at a critical point. August Core CPI rose 0.3% and the market is pricing a 90% chance of a 25bp rate hike. This decision will decide the next move for BTC.
If the Fed hikes, we might see BTC retest the $75k bottom that we saw earlier this week, which actually caused $170M in short liquidations and then a strong recovery to $80k. But if Fed pauses, a rally to $85k is very possible.
I am personally holding BTC and watching the $78,500 support level closely. The $75k dip was a perfect buy zone last time.
What is your strategy? Are you buying the dip or waiting for FOMC? Let's discuss.
Bitcoin & Market Update: Whereโs the next target? ๐ฅ
Based on the current state of the market, are you ready? ๐ง
Many thought the market would drop, but institutional investors are quietly taking large entries! ๐
๐ก 3 important points for today: 1๏ธโฃ BTC Resistance: If Bitcoin can break the level [2% above the current price, e.g.: $68,000], then weโll see the next rally! 2๏ธโฃ Altcoins Boom: A pump is starting again in altcoins. What are the top 3 coins in your portfolio? ๐ช 3๏ธโฃ Pro Tip: In the current market, donโt trade in a rush and get trapped by FOMOโtrade with Proper Risk Management!
๐ Share your thoughts: What do you think about todayโs Bitcoin movement? Bullish ๐ข or Bearish ๐ด? Write in the comments!
๐ **Bitcoin ($BTC ) Next Move: Pump or Dump? What do you think?** ๐
The market is currently trading in a crucial zone. According to the technical chart, it is approaching a strong resistance level.
๐ **Key Points of the Current Market:**
* **Support Level:** If the support zone breaks and price drops below, short-term profit-taking may be seen in altcoins. * **Breakout Zone:** If resistance breaks and a candle closes above, there is a higher chance that a new bullish rally will begin in the market. * **Altcoin Impact:** With dominance staying somewhat stable, many altcoins are showing good movement.
โ ๏ธ **Tips for Traders:** Avoid high leverage and use a proper Stop Loss (SL) before any entry.
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๐ฌ **What do you think?** $BTC Will it hit a new high very soon, or will we see a small correction? Let us know your prediction in the comments!