#GoldvsBTC Pick your team and grab a share of up to $200,000! https://www.binance.com/activity/trading-competition/btcvsgold-vol-1?ref=574432605&utm_medium=app_share_link_twitter #EthereumFoundationSellsETHtoBitmineAgain
#GoldvsBTC Choose your team and win a share of up to $200,000! https://www.binance.com/activity/trading-competition/btcvsgold-vol-1?ref=574432605&utm_medium=app_share_link_twitter
The critical point for Bitcoin has been reached, and the direction ahead is crucial. Current oil prices have a clear negative correlation with BTC: when oil prices rise → BTC is pressured, when oil prices fall → BTC rebounds. Recently, oil prices have made a strong comeback, the situation in the Middle East remains tense, and short-term inflation and recession expectations are rising, making the macroeconomic outlook not optimistic.
In the short term, BTC is fluctuating in a narrow range: Support 69000, Resistance 71500 Strong Support 68000, Strong Resistance 74000
Personal bearish outlook: 71500–74000 gradually build short positions, with a comfortable risk-reward ratio. Only consider light positions for a rebound once 68000 stabilizes. Near the critical point, light positions + with stop loss, for a higher win rate.
📌 Question of the twenty-third night – Ramadan Contest #CryptoMaxx 🌙✨
💰 What is the name of the product on the Binance platform that allows users to earn returns on their digital currencies through Staking, Saving, and other profit methods? 🤔