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Tulkot
📈 Big Movement in Bitcoin's Price: What's Next? 🤔
This chart highlights the recent significant movements in the BTCUSDT Perp (Bitcoin/Tether Perpetual Futures) market. Here are some key observations regarding the current market situation and what might happen next:
Key Observations:
⚡️ Large Drop: The last candle (red) indicates a strong sell-off. It is clear that the market has rapidly fallen from a high near $126,208.50 and is currently trading around $91,260.6.
📉 Potential Break of Support: The price is hovering near or below the MA(99) line (the pink Moving Average). This moving average typically acts as a critical long-term support. If the price closes permanently below it, a larger downtrend could begin.
📊 Volume Shift: Looking at the volume bars below the chart, the selling volume during the drop was quite strong (the red volume bars are larger than the green ones). This indicates increased selling pressure in the market.
Possible Scenarios (Next Steps):
Rebound ⬆️: If the support at $90,822.5 (24h Low) holds and buyers quickly step in, the price could attempt to recover toward $99,591.86 and the MA(7) line (yellow).
Extended Downtrend ⬇️: If the $90,822.5 support line is broken, the price might head toward the next significant support level, which is $74,457.00. Traders should watch this level closely.
Important Note: The Futures (Perp) market is highly volatile. Always Do Your Own Research (DYOR) and manage your risk using stop-loss orders.
Suggested Hashtags:
#Bitcoin #BTCUSDT #CryptoTrading #Binance #TechnicalAnalysis #MarketUpdate #cryptocurreny #TradingSignals
This chart highlights the recent significant movements in the BTCUSDT Perp (Bitcoin/Tether Perpetual Futures) market. Here are some key observations regarding the current market situation and what might happen next:
Key Observations:
⚡️ Large Drop: The last candle (red) indicates a strong sell-off. It is clear that the market has rapidly fallen from a high near $126,208.50 and is currently trading around $91,260.6.
📉 Potential Break of Support: The price is hovering near or below the MA(99) line (the pink Moving Average). This moving average typically acts as a critical long-term support. If the price closes permanently below it, a larger downtrend could begin.
📊 Volume Shift: Looking at the volume bars below the chart, the selling volume during the drop was quite strong (the red volume bars are larger than the green ones). This indicates increased selling pressure in the market.
Possible Scenarios (Next Steps):
Rebound ⬆️: If the support at $90,822.5 (24h Low) holds and buyers quickly step in, the price could attempt to recover toward $99,591.86 and the MA(7) line (yellow).
Extended Downtrend ⬇️: If the $90,822.5 support line is broken, the price might head toward the next significant support level, which is $74,457.00. Traders should watch this level closely.
Important Note: The Futures (Perp) market is highly volatile. Always Do Your Own Research (DYOR) and manage your risk using stop-loss orders.
Suggested Hashtags:
#Bitcoin #BTCUSDT #CryptoTrading #Binance #TechnicalAnalysis #MarketUpdate #cryptocurreny #TradingSignals
Tulkot
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Do you want to earn free money every day from Binance?
Try these techniques:
✍️. 1. Write to Earn (Binance Square) Share cryptocurrency news and advice and get paid based on interaction.
🎓 2. Acquire Knowledge and Profit Watch classes, answer quizzes, get free crypto.
🤝 3. Program for Referrals Get lifelong commissions by inviting friends.
🎁 4. Airdrops and Campaigns Join events and receive free rewards.
🔥 Pro Tip: Post regularly + follow trends = better revenue!
At getting money don't risk it in memecoins, keep it in usdc or buy $BTC
#earn
Tulkot
$BTC 15000k agin
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