The daily candle has approximately 1.5 hours left to close ⏳, and it is crucial to maintain the level of 73,800 to keep the weekly bullish sentiment for Bitcoin 📊💯
This level has previously caused bullish traps ⚠️, so if the market cannot hold this zone firmly, a trend change could occur at any time 🔄📉
Traders should apply their risk management effectively while keeping this key support level of 73,800 in mind 🛡️📌
Bitcoin has reached the $73,000 resistance, but was instantly rejected. Yet, I think the resistance has great chances of being broken up, finally, during the next working week.
(reminder: don't rush to trust a Sunday pump, look at how the price behaved with the level before, too many failed attempts, be careful and use tight stop losses) #btc #ETH
Bitcoin did not provide any strong and clear trend yesterday, which has left the market in confusion, and today's movement will largely depend on the overall conditions. 🤔📈
🌍 In particular, global political and economic conditions (Geopolitical Factors) can affect market sentiment, so it is important to keep an eye on them. 🌐
⚠️ If the price gives a strong break below $68.7K, the market may face further pressure and we could see downside movement. 📉📉
📌 For now, it is better to wait for confirmation and avoid rushing into entry. ⏳🛑
JUST IN: 🇯🇵 Metaplanet plans to acquire 100,000 BTC by the end of 2026 under its 555 Million Plan, a milestone which would require the Tokyo-based firm to more than double its current holdings of 40,177 BTC 🔥 #btc
The price failed to break through the $74,600 resistance, then failed to break through the local $68,000 resistance.
It needs more consolidation & liquidity for another attempt. As I wrote above, there is a ton of liquidity located in the $62,000 - $63,000 area. Gathering it might help in breaking through the $75,000 resistance.
Breakdown of the $63,000 support will send us down to $50,000. #btc