UPDATE: 🇺🇸 The Fed is expected to announce the balance sheet at 4:30 PM ET today. There are quite a few expectations suggesting it may exceed the anticipated forecast. The market will bleed and who will be the winner Let's wait together as $BTC has dropped to 86k, what will happen next #BTCVolatility #BTCHashratePeak
What do you all think about this argument $BTC $ETH #bitcoin
Cheetah557
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The #bitcoin “death cross” didn’t mark the bottom for a bounce as it often does.
What does this mean?
➡️ This is an indicator that the $BTC top is already in at $126k. ⬅️
It did this one other time, on 14 Jan 2022, right after the 2021 top, when the bear market was just getting going.
This seems to be the closest parallel to what we’re seeing right now in terms of BTC’s reaction timed with the death cross of several days ago. So, this is another clue the BTC top is more likely already in, than not.
I still think a big relief rally is coming over the coming months, but it seems like it may be just that: a *relief rally* (seen in bear markets) and not a climb to new ATHs.
* If you’re new to the term “death cross”, it is defined as the 50-day moving average dropping below the 200-day moving average, and often marks bottoms and usually experience sharp rebounds, except once in 2022 where it was a part of a bear market move down #BTC
After the decline and recovery today, $BTC is fluctuating around the price level of 91k - 92k, what will happen and the direction of $BTC will be decided when it breaks strongly in this price range #ETH🔥🔥🔥🔥🔥🔥 #BTC
The consequences of holding losses 🥴 - When 33.6k $ only has nearly 2 $ left, this shows how important discipline in trading is - remember to set SL and avoid holding losses $BTC $SOL
$BTC It's been a while since I've messed with the future, and the market has beaten me up. Whatever order I place goes against me, each order is only 3 or 4 dollars but always ends up burning out, it's all a mirage.
$BTC Will the growth continue or is it a spectacular market deception, please close the order before sleeping when the market is extremely chaotic with strong fluctuations in recent days