Seize the opportunity and take immediate action in the buying bottoms.
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MYX Entry of buying momentum from 0.37 and a massive attack from bulls First target 0.8 Second target 1.2 Third target 1.5 Fourth target 2.2 Good luck to the holders, and God knows best
I believe BTC will visit 52000, which will affect the rest of the currencies. Wait and buy from the bottom for the rest of the currencies when the rebound happens.
Bitcoin (BTC) is currently moving in a downward path in the short-term and immediate timeframe, as the price is experiencing ongoing selling pressure that has led to the loss of key support levels, while the overall trend remains bullish only if the major historical lows are maintained on the longer timeframes.
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Technical outlook and current trend
Short-term and immediate trend: bearish. The price is moving along a descending trendline that is pressuring the immediate trades.
Current situation: the price is trading around $59,968 and is struggling to stabilize above it.
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Key support and resistance levels
Main resistance: lies at $63,121. Breaking above this level and holding it is the key to easing the bearish pressure.
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Downward support levels:
Staying below $59,968 will push the price to test $57,464.
Breaking the prior support opens the door for a pullback toward $55,534 and then $52,611.
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Factors affecting the move
Whale liquidity decline: there has been a relative decrease in selling pressure from large wallets, which has slowed down the pace of the recent sharp decline.
Cautious markets: a state of anticipation dominates due to fluctuations in global liquidity and interest-rate decisions issued by the Federal Reserve.
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If you want to define an entry or exit strategy, what
Historic outflows: Spot Bitcoin ETF funds saw net outflows of $1.79 billion last week—marking the third-largest weekly outflow on record—after BlackRock’s IBIT fund alone lost $1.303 billion, indicating a sharp decline in institutional demand.
Historical flow: Spot Bitcoin ETF funds recorded their worst weekly net outflow in history at $1.79 billion, with BlackRock’s IBIT fund alone losing $1.3 billion—marking the longest streak of losses ever recorded over 7 consecutive days.
Main structure: support at $3.99–4.05; resistance at $4.37 (EMA7) and $4.50 (supply). Buy setup: accumulate near $3.99 if volume stabilizes; add above $4.24 on a one-hour close. Sell/short: scale back positions at $4.37–4.40 if the MACD indicator weakens; exit if it rejects the $4.50 level with increased volume. Context: Large sell positions from whales (L/S ratio of 0.19) limit the upside despite hedging incentives.
I recommend a quick entry to snag the coin, my fellow traders. The trend is on!
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PLAY Key levels: support at $0.038–$0.040 (EMA25 crossover); resistance at $0.048 (local peak) and $0.055 (supply zone on the 4-hour timeframe). Price is flipping at $0.042. Buy setup: accumulate near $0.038–$0.040 if the RSI on the 1-hour timeframe stays above 40; aggressive entry at reclaiming $0.045 backed by volume. Sell setup: scale back positions at $0.048–$0.050 if momentum pulls back. In Florida, the image is M M Naif.
PLAY Key levels: support at $0.038–$0.040 (EMA25 crossover); resistance at $0.048 (local peak) and $0.055 (supply zone on the 4-hour timeframe). Price is flipping at $0.042. Buy setup: accumulate near $0.038–$0.040 if the RSI on the 1-hour timeframe stays above 40; aggressive entry at reclaiming $0.045 backed by volume. Sell setup: scale back positions at $0.048–$0.050 if momentum pulls back. In Florida, the image is M M Naif.