Bitcoin Wholecoiner Flows on Binance Drop Sharply. This decline in active wholecoiners reflects both reduced selling pressure and a gradual transformation of market structure, with a growing share of supply becoming increasingly illiquid over time. $BTC
BTC turned out to be a classic Liquidity Sweep from previous highs, trapping sellers before dropping sharply back down. Structure now pointing toward a move down to the $72,000 mark where a meaningful Reversal could develop.
Reversal remains on the cards from that level provided macro sentiment doesn't weaken further and buyers step in with conviction.
TON has broken the consolidating range and is now testing the resistance area. A break above this resistance could lead to a strong upward rally. Wait for clear confirmation before opening long positions.
The total crypto market cap is consolidating within a symmetrical triangle pattern and is currently trading above the Ichimoku Cloud, which is acting as a support indicating underlying strength.
A strong breakout from the triangle would confirm a bullish rally in the market.
However, a breakdown below the pattern could lead to further downside, so keep a close eye on price action for confirmation.
This turned out to be a fakeout, and Bitcoin had a significant upward move. The new resistance is around the $75,000 area, and a break above this will continue the upward trend.
USUAL is trading above the horizontal demand zone within a descending triangle pattern, indicating potential support at this level. From here, a bounce is likely, while a strong breakout from the pattern would confirm a bullish rally. 🚀
Bitcoin is consolidating within an ascending triangle and is currently trading above the Ichimoku Cloud, which is acting as a support indicating underlying strength.
As long as price holds above the cloud, a bounce is likely.
However, a decisive breakout or breakdown from the pattern is needed to confirm the next directional move, so patience is key here.
PLUME is trading above the demand zone within a descending triangle pattern, indicating potential support at this level. From here, a strong bounce can be expected. A solid breakout above the pattern would confirm a bullish rally. 🚀