🚨 $RARE Token Alert: High Risk of Liquidation & Negative Funding Fee 🚨
**Token Analysis:**
- **Current Market Situation**: Rare token is experiencing a significant negative funding fee, indicating that there are a large number of short traders heavily invested in this position. This has caused the token to liquidate multiple short positions.
- Whale Alert**: Despite the ongoing liquidations, there's a high chance that a whale could enter the market and cause a significant price pump. This could happen suddenly, especially since major liquidations have not yet fully occurred.
- **Risk Advisory**: For traders considering entering this market, caution is advised. The high negative funding fee means that any trader who gets stuck in this position will face not only potential liquidations but also continuous cuts from the funding fees. It’s better to exercise control and avoid rash decisions, especially when there are other opportunities available.
- **Strategic Recommendation**: Stick to your risk management strategies and avoid getting caught up in the volatility without a clear reason or plan. This token’s current state is highly unstable, and only those who are prepared for significant risk should consider trading it.
BTC is showing strong resilience and won't dip below $52,700 during the 2024-2025 cycle. Why? Because the MA (50) support level is at $52,771 and it's steadily rising every week, giving BTC a firm foundation. 💪
Currently, Bitcoin has a crucial support at $57,499. If it breaks through $57,471, we could see BTC touching the MA (50) once again before bouncing back. 📉 But here’s the exciting part—after this potential dip, Bitcoin is poised for a 3-month rally leading into the 2024 Halving and ETF approval season. 🚀
With this bullish momentum, BTC is projected to soar between $94,000 and $120,000. This could be a massive opportunity for those ready to ride the wave! 🌊📈( LONG TERM ONLY)
As always, make sure to manage your risk and stay updated with key levels. The next few months could be game-changing for Bitcoin.
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According to the latest data Bitcoin’s price action could trigger significant liquidation events on mainstream centralized exchanges (CEXs). If Bitcoin’s value drops below $61,000, the cumulative liquidation intensity of long orders could reach a staggering $653 million.
On the other hand, if Bitcoin breaks the $64,000 threshold, short orders could face an even larger liquidation concentration of $848 million.
It might be because they’re expecting some selling pressure from PlusToken, which holds 542k ETH ($1.3B).
Also, there’s more potential supply from the U.S. Government, specifically from the Silk Road seized funds, which are 69,370 BTC ($4.37B). Wallet: bc1qa5wkgaew2dkv56kfvj49j0av5nml45x9ek9hz6
I wouldn’t trust this bounce, tbh. Still looks like a dead cat bounce (DCB) into resistance.
Market confirmation received – we are on the verge of altseason ✔️
Another forecast has unfolded as expected - starting with the workweek, the market surged again. But this is just the beginning. Here are a few factors indicating the rally will continue:
▫️ Weakening dominance index: The failure to reach a new high on a lower time frames suggests that altseason is around the corner.
▫️ New transactions to the Tether reserve wallet: I expect at least an additional $2B #USDT to flow in over the next few days.
▫️ #BNB liquidity movements from CZ’s wallet: BSC transactions volume is extremely high, with ~30% of the liquidity transferred to major market makers’ wallets directly from CZ (❗️). With over $4M in transfers, something big is going on behind the scenes.
Since we've received confirmation, I will stick to the strategy - our positions are already in solid profit, and we’re continuing to accumulate altcoin portfolio ahead of the upcoming #altseason . I’m already scouting for a new signal for you.
#AVAXUSDT 🔺 We are currently inside a key range and testing its resistance. After breaking its resistance trend line, it can now be said that it has made a pullback. $AVAX
If a key range break occurs and we successfully cross the barrier of this resistance, we should probably see a significant price increase.
ZIL - ready to develop a new uptrend 📈 $ZIL The coin has spent the last six months under the primary volume profile in the $0.033 to $0.0028 range, and has been in a downtrend during this time.
📊 With a strong impulse, #ZIL broke through both limit resistances on fairly high volumes and has already shown a successful retest of the trendline - the level has now become a mirror support.
Currently, we’re seeing consolidation above the trendline in the context of growing dominance on the higher timeframes. Now, recall my earlier words about altcoins pumping one after another when the oscillator enters a correction phase, and take a look at the lower timeframes.
💁♂️ I believe ZIL will show good momentum, which is why I just added 1.5 #BTC worth of the coin (75% of the volume) to my portfolio at a price of $0.014.
Bitcoin failed to break the upper boundary of the long-term bullish flag, and the price has moved slightly lower.
Note that the price is following the scenario outlined in our previous review – sellers managed to fill the imbalance and even test liquidity to the downside.
📊 At the moment, the price is squeezed between two POIs, which are formed by strong order blocks. Considering the upcoming weekend, we may see #BTC consolidating within this range for couple days.
A short-term dip to around $59,300 is possible, but I don’t expect sellers to sustain a daily close below $60,000. Key levels of support are holding firm.
👨💻 I continue to stick to my forecast – next week will be a week of growth in the market. I've already written about the factors several times. So, I’m using this correction to increase my position in $BTC and $BNB
Israel vs Iran #war has started As a result :> $BTC is dipping S&P 500 is dipping DJI is dipping Gold, Silver & USOil making moves and Gold is sky rocketing United States says Israel will "absolutely retaliate" against Iran.
Based on the recent price action in the 4-hour chart, the NOT coin has reached a crucial support zone around 0.0085 USDT. Price has been in a clear downtrend, forming lower highs and lower lows, but this support area could potentially act as a springboard for the next upward move. 📈
As we can see, a bullish breakout might be expected if the price pushes above the resistance zone near 0.0090 USDT. However, it’s important to keep in mind that the market is currently volatile, so risk management is crucial! Always use stop losses and manage your position sizing to protect yourself from unexpected moves.