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Noman_peerzada
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Bearish
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#ETH
— Strong Rejection Triggers Steeper Losses
ETH
sinks -6.22% as bearish momentum intensifies across majors.
#ETH
$ETH
ETH
2,945.77
+1.04%
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#FORM — Exhaustion Rejection, Short Setup 🐻 After a sharp vertical expansion, price is showing exhaustion near the upper band with rejection wicks and failure to hold highs. This looks like a classic post-impulse distribution phase, where upside momentum fades and mean reversion risk increases. 🟥 Sell Zone: 0.405 – 0.420 🎯 TP1: 0.385 🎯 TP2: 0.355 🎯 TP3: 0.315 Stop: 0.445 📉 Parabolic moves don’t grind higher — they reset first. $FORM
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#BNB — Relative Strength Outperforms Majors BNB jumps +2.29% as accumulation supports a stronger recovery move. #BNB $BNB
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🇯🇵Bitcoin Slips as BoJ Looms — Macro Fear Takes Control Bitcoin is trading near $86K–$87K, staying under pressure as markets brace for a Bank of Japan rate hike this week — a move that could tighten global liquidity and hit risk assets hard. 🌏 Why this matters • BoJ expected to hike rates to 0.75% • Higher yen rates threaten the yen carry trade • Risk assets historically sell off during BoJ tightening 📊 History check Previous BoJ hikes have triggered 20–30% BTC drawdowns. That’s why fear is rising fast. 😨 Sentiment snapshot • Fear & Greed Index: Extreme Fear • Leverage already flushed • Volatility elevated ahead of Dec 18–19 decision 🔍 Key levels to watch • Support: $84K–$86K • Resistance: $90K–$93K 🧠 Trader’s reality This isn’t crypto-specific panic — it’s macro-driven deleveraging. BoJ decides direction. Market reacts after. ⏳ In macro weeks, patience beats prediction. #BTC $BTC
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