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Grab a Share of the 720,000 AVNT Prize Pool https://www.binance.com/activity/trading-competition/trading-sprint-challenge-campaign
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$BTC Bitcoin Market Snapshot Price Action Bitcoin is consolidating near $87,000, down slightly (-0.14% in 24h), indicating short-term indecision. Trading volume stands around $42.1B, showing steady but cautious participation. Market Sentiment Market cap: ~$1.74T Fear & Greed Index: 25 (Fear) โ traders remain defensive. U.S. spot BTC ETFs recorded $277.2M net outflows (Dec 16), adding selling pressure. --- Key Drivers Bearish Pressures Continued ETF outflows from U.S. markets. Long-term holders are distributing coins, increasing supply. Price remains below major EMAs, limiting upside momentum. Bullish Counterbalance Large institutional whale wallets accumulated ~54,000 BTC this week, signaling long-term confidence. Regulatory clarity is improving: MiCA (Europe) GENIUS Act (U.S.) These developments support future institutional adoption. --- Technical Outlook Support: Immediate: $86,000 Strong long-term: $82,800 (2-Year SMA) Resistance: $87,900 โ $90,000 Indicators: RSI ~49: Neutral, balanced momentum MACD: Bearish crossover โ short-term weakness Price below 50 / 100 / 200 EMA โ bearish bias remains --- Trading Bias & Strategy Bullish scenario: A strong bounce from $86,000 could offer a short-term long setup targeting $88Kโ$90K. Bearish scenario: A clean break below $86,000 increases risk of a drop toward $83K. Overall bias: Cautious to mildly bearish short-term, constructive long-term due to whale accumulation and regulatory progress #BTCVSGOLD #WriteToEarnUpgrade #BinanceAlphaAlert
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$BTC ๐ Market Update | Macro Snapshot ๐บ๐ธ U.S. Economy Cooling Unemployment rate rises to 4.6%, highest in 4 years Nonfarm payrolls slow to 64K jobs, signaling weaker hiring Wage growth cools to 3.5% YoY, easing inflation pressure Retail sales remain flat, showing weaker consumer demand ๐ Market Reaction Equity markets turn volatile, investors shifting to defensive assets S&P 500 testing key support near 6800 High-valuation tech & AI stocks under pressure ๐ฆ Federal Reserve Outlook Weak labor data increases expectations of rate cuts in 2025 Upcoming CPI data will be crucial for next market direction ๐ Trading Insight If S&P 500 breaks below 6800, correction risk increases Holding above support may boost risk-on sentiment Traders should use tight stop-losses and manage risk carefully ๐ Crypto Angle A dovish Fed outlook could support Bitcoin & crypto markets Watch macro data closelyโvolatility creates both risk & opportunity ๐ Stay alert. Trade smart. #USNonFarmPayrollReport #BTCVSGOLD #WriteToEarnUpgrade
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