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BsPufferfish
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$BTC
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Bull Market are still yet to come....⌛
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$BTC remains stagnant, facing resistance in the $84K–$85.9K range and at the 200 EMA on the daily timeframe. Unless it successfully breaks above this resistance, a pullback toward the expected support levels of $76K–$73K remains likely. This perspective will only change if BTC reclaims both the resistance zone and the 200 EMA on the daily timeframe.
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$ATOM looking good Buy at - 4.8 Tp - 5.50 - 6.00
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$BTC On the daily timeframe, BTC is encountering resistance in the 84K-85.9K range, along with the 200 EMA. If BTC fails to reclaim this zone and the EMA, the outlook could turn bearish, with a potential pullback to the 76K-73K range. However, if BTC successfully reclaims the resistance zone, it could rise toward the 93K-91K range or even higher.
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$BTC is currently holding support within the 76.5K-72.7K range on the daily timeframe. If the momentum persists, it could climb to 84K or beyond. However, given market conditions, long positions might get trapped again. A drop toward 70K or lower is expected before the next upward move. However, BTC may rebound before reaching those levels, making it difficult for many to enter at their preferred price.
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We understand that these are challenging times, but remember, you are not alone—we're all in this together. The current market conditions are unusual. In the past, the battle was between retailers and market makers, institutions, and whales. However, now the conflict appears to be internal, with institutions divided into two opposing sides, each striving for victory. This instability is likely to persist until one side prevails or a compromise is reached. However, this situation won’t last forever—we expect a resolution soon. Once stability returns, the potential for significant gains could far outweigh our current losses. Remember, even the darkest night is followed by the light of dawn.
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