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TMC
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Market Update After yesterday’s sell-off, Bitcoin is holding $82.3K as key 4-hour support, while $84K—near the Monthly Open—acts as clear resistance. Break below $82.3K? Likely revisit $78K-$80K Reclaim $84K? Potential push to $86K-$88K With the Monday range still forming, the stock market open will be crucial. Expect volatility throughout the week with major economic events ahead.
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Market Update The crypto market remains sensitive to U.S. tariff headlines, impacting Bitcoin's price action despite a favorable U.S. CPI report. The ongoing U.S.-Canada trade tensions have added to market uncertainty, leading to choppy movement. Currently, BTC is consolidating below key resistance at $84.3K (Monthly Open) and the orange trendline. A confirmed breakout above this level could trigger a move toward $86K (CME Gap). However, failure to break out may result in a pullback to the lower channel around $78K – $79K. Monitoring price action closely for confirmation of the next trend. Stay cautious.
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#Market_Update The market remains in a downtrend, with Bitcoin testing the $80K level again this morning. This is a key psychological zone, reinforced by demand from late February’s move. Broader market conditions will be crucial this week, as the S&P 500 sits on a major support level. A breakdown here could trigger a larger sell-off across risk assets. On the upside, there’s a CME gap at $86K—watch for a reaction if Bitcoin retests that area. For now, $84.2K (Monthly Open) has established itself as 4-hour resistance.
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#Market_Update Bitcoin saw a low-volume weekend, holding $86K as 4-hour support. However, this level now appears at risk of turning into resistance on the next close. Price has moved toward testing the key $84.2K Monthly Open, with potential downside to $83K-$82.9K in the short term. Any significant move is likely to come with the US futures open or the Asia session tonight. Stay alert for volatility.
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Patience is not the ability to wait, but the ability to keep a good attitude while waiting. #MindsetMatters
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