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📉 Bitcoin Update♨️ Bitcoin Price Dumped To $66K As Bears Gain Strength, $64K Next? Bitcoin is facing downward pressure as it failed to break above the $70,000 resistance zone. Currently down over 5%, BTC dipped below $67,500 support, triggering concerns among investors. Key Points: - BTC is trading below $68,500 and the 100 hourly SMA. - A bearish trend line is forming with resistance near $68,400. - Immediate support lies around $66,000, followed by $65,000. - If the downtrend persists, BTC could drop to $64,000 or even $62,500. Technical Indicators: - Hourly MACD is in the bearish zone. - Hourly RSI for BTC/USD is below the 50 level. Investment Disclaimer: This information is for educational purposes only. It's essential to conduct your research before making investment decisions. Remember, investing carries risks. Stay informed and trade responsibly! #bullruns #BTC🔥🔥🔥🔥 #Cryptocurrency #InvestingJourney #CryptoMarkets 📉📊

📉 Bitcoin Update♨️

Bitcoin Price Dumped To $66K As Bears Gain Strength, $64K Next?

Bitcoin is facing downward pressure as it failed to break above the $70,000 resistance zone. Currently down over 5%, BTC dipped below $67,500 support, triggering concerns among investors.

Key Points:

- BTC is trading below $68,500 and the 100 hourly SMA.

- A bearish trend line is forming with resistance near $68,400.

- Immediate support lies around $66,000, followed by $65,000.

- If the downtrend persists, BTC could drop to $64,000 or even $62,500.

Technical Indicators:

- Hourly MACD is in the bearish zone.

- Hourly RSI for BTC/USD is below the 50 level.

Investment Disclaimer:

This information is for educational purposes only. It's essential to conduct your research before making investment decisions. Remember, investing carries risks.

Stay informed and trade responsibly! #bullruns #BTC🔥🔥🔥🔥 #Cryptocurrency #InvestingJourney #CryptoMarkets 📉📊

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🚨 Crypto Market Alert 🚨 Crypto influencer lost $8 million in one month from a $15 million investment In the past 24 hours, the cryptocurrency market has experienced a significant shakeout, with most cryptocurrencies crashing. One notable case is Machi Big Brother, a well-known crypto influencer and Ethereum supporter, who is facing $8 million in unrealized losses from the ERC-20 token FRIEND. This represents a loss of over 50% for the influencer, as reported by Lookonchain on June 8. FRIEND has been described by another prominent trader, Ansem, as a "meme coin" and "culture coin." Ansem hinted at accumulating FRIEND around May 4, indicating a similar timeline for both influencers' investments. ⚠️ Meme Coins & The Greater Fool Theory ⚠️ Meme coins like FRIEND come with high risks. They often lack intrinsic value, with prices driven mainly by social media hype. Investors in these coins are essentially gambling, hoping to sell at a higher price later, a strategy aligned with the "Greater Fool Theory." This theory suggests that profits can be made from overvalued assets as long as there are buyers. However, when the hype fades and demand drops, investors can be left with worthless assets and substantial financial losses. Remember, investing in cryptocurrencies is highly speculative and your capital is at risk. Always do your own research before making any investment decisions. #cryptocrash #MemeCoinsSeason #bitcoin #Friend.tech前景预测 #Ethereum✅ Disclaimer: This is not investment advice. Always conduct your own research before investing.
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