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🚨 Bitcoin Liquidity Update: A Crucial Shift Bitcoin has broken through the significant liquidity barrier at $90,000, signaling a possible upward momentum. However, major liquidation clusters persist below $86,000, which could lead to a temporary pullback and a swift move downwards. A lighter area of liquidity is spotted around $88.9K
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**Market Outlook** 📉$BTC's price movement indicates a potential drop towards $86,000, which could trigger liquidations worth around $40 million. Trading Plan 🚀: 🔴Short strategy is recommended for this market situation. Entry point: 87,000 - 87,500
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📈 Cryptocurrency Market Update A brief correction often precedes a surge in growth for Bitcoin 🔥. Let's examine the current recovery period alongside the August 2024 trend to identify any key takeaways 📊. Uncertainty tends to rise during retrace periods, especially after a recent correction 💔. However, we can't declare Bitcoin as bullish until prices consistently trade above $95,000 or $100,000 👀. In reality, the potential for a bullish trend develops shortly after a major low point is established 📈. Last year's price action saw a significant correction from a peak high and reached its bottom in August 2024 ⬇️. This substantial flush had a lasting impact on the market 💥.
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**Sharp Reversal in $DOGE** Price reached 0.136 resistance, but failed to hold above its 99-period EMA 📉 A strong bearish rejection formed with a long upper wick, indicating downside pressure building up. **Trade Setup:** Short DOGE in the range of 0.1310 – 0.1335 💸 **Take Profit Levels:** 1. TP1: 0.1285 2. TP2: 0.1255 3. TP3: 0.1220
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**Breakout Alert! 🚨** The price of ACT has decisively surpassed its key resistance level, accompanied by significant trading volume and upward momentum. As long as the price remains above the breakout zone, there's a strong possibility that the uptrend will continue. **Key Levels to Watch:** • **Entry Zone:** 0.0235 – 0.0248 • **Bullish Signal:** Above 0.0220 **Target Prices:** • TP1: $0.0265 • TP2: $0.0290 • TP3: $0.0320 **Risk Management:** • **Stop Loss:** 0.0210
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