$BTC suy giảm nhẹ 2 ngày qua, tuy nhiên mức hỗ trợ phía dưới được tạo ra trong khoảng 40 ngày qua đang cho thấy lực cầu vào.
Điều này dễ hiểu khi $BTC có tính chất như USD do là đồng tiền dự trữ và được hưởng lợi từ việc nhu cầu trú ẩn vào tài sản của Mỹ tăng cao. Trong ngắn hạn, BTC có thể tăng trở lại mức giá 78000-80000.
Market perspective The current price structure of $BTC is showing signs of a very high false-break phase, as the price has not been able to decisively break through the 76K mark and continues to maintain its upward momentum. Currently, the price is declining again, and if Bitcoin continues to extend the downward trend further (losing the $73,370 mark), it will be considered a short-term reversal to the downside. Short strategies will be activated if the price experiences a pullback, bringing $BTC back around the $74,380 area (supply zone just established). STP $75,500 Target for the downward wave is around $71,750 and further down around $69,100 (SMA200 H4)
🔥 $CFG officially listed on Binance Spot, is there a comeback for an early RWA name?
Remember the time in 2023, Centrifuge ($CFG) was once anticipated by the community as one of the pioneering projects to bring Real World Assets (RWA) to the forefront
● ICO in 2021 at a price of ~$0.55 ● Later expanded to Ethereum, bringing real assets to DeFi ● TVL once exceeded $1B, becoming one of the largest RWA protocols at that time
$BTC continues to reflect the accumulating process that is gradually being perfected, the price range of 60000-66000 shows strong support creating a foundation for the possibility of accumulation and breakthrough in the near future for $BTC . Buy-up strategies should be prioritized during this period.
Although Bitcoin has recorded 02 impressive recovery days, the price is still showing difficulties in breaking through the important resistance level of 71K. This easily opens up the possibility of a short-term price correction to continue respecting the sideways range in a narrow scope.
Therefore, today's trading strategy for $BTC will be predominantly focused on Selling, with the Sell point identified around $70,470 according to the retest of the previous price structure. The price peak (STP) is $71,773 and the expected price target is to decrease to around 67K or further down to $66,256.
$BTC continues to show that the accumulation pattern is gradually being completed, the appearance of a bullish candle after dropping to the level of 66000 indicates that the buying force remains strong in the support price range of 60000-66000. In the context of the USD continuing to become a safe-haven currency as the market shows signs of recession, $BTC also benefits from this and may bounce back in the medium term.
The price structure of BTC today does not show stability!
Although $BTC has increased again yesterday after a drop around the old structure at 66K5, if the structure is correct: BTC will continue to expand its upward momentum at the moment and no further retracement will occur!
The issue with $BTC in particular and the market in general today is: Uncertain prospects from the risky asset class. Therefore, theoretically, if BTC today adjusts briefly around $67,420, it may be a good time to Buy (STP bottom price yesterday), but this strategy is quite risky due to the two factors mentioned above: Price action and market prospects. It is recommended to monitor the price level of $70,000; if BTC breaks above this level, it will be considered a trend reversal in the near future. Conversely, if $BTC loses the $66,200 level today, it will quickly drop to $60,000, at which point BTC is likely to continue decreasing in line with the current main trend.
The market psychology is undergoing a noticeable change as large capital flows are showing a tendency to seek refuge in USD. This signal indicates that the breakdown of the de-dollarization roadmap is gradually forming. This also reflects that the US continues to be a magnet for capital. If this sentiment continues to persist, there could be a decline from asset classes that have already increased, such as Gold and US stocks, before stabilizing trends are established.
$BTC is showing signs of accumulation since reaching a bottom of 60k. The technical chart displays long-bodied green candles that are bullish in nature, although a clear upward trend has not yet been established, this signal indicates that $BTC is somewhat benefiting from capital flows like USD. In the short term, $BTC could rise to the resistance level of 78k and continue the accumulation process.
Current signs indicate that: Bitcoin is receiving price support, as the conflict occurs: $BTC has not decreased further, instead, it has recovered and increased again. Therefore, as the market enters a consolidation phase, BTC is likely to continue its upward trend.
With the current price structure, $BTC is still maintaining the key price level of 65K, which opens up the prospect of a continued price increase. At that point, the price is expected to rise towards around 67K8 and then adjust down to around $66,210 where it may be a good time to Buy (STP loss at 65K). The expected price target is extended to $69,410 and further to $71,300.
● $AZTEC and $ZAMA are both focused on Privacy, with a TGE lower than the ICO price, having raised over $150M, and facing equally strong reactions from the community
-> $AZTEC is showing more stability than $ZAMA
Dear $ZAMA holders, seeing $AZTEC can only make you cry 🤭
$BTC continues to decline as expected. At the current time, it is very difficult to predict the long-term trend of this cryptocurrency. The CPI index announced today may continue to push $BTC closer to the bottom level of 60000 and could even drop deeper. However, in the long term, positive expectations for the US economy gradually indicate that BTC has entered a consolidation phase, with the deepest bottom potentially being established during this period.
The short-term market is entering a wait-and-see mode for information from the US labor market to be announced today. It is forecasted that good employment data could support the USD to increase again. However, the actual data may only impact the market in the short term as the current Fed Chair is only in office for another 3 months; the market tends to wait for the perspective of the new Fed Chair more. Therefore, investors and traders may wait for the specific data to be published and see how the data reflects in prices before making trading decisions.
$BTC has dropped to a low of 60000 and a long bullish candle has appeared again, which may indicate that the price level of 60000 has a strong psychological support. However, it is still too early to conclude that $BTC has reversed to an uptrend. In the current context, when the guiding information is not clear, BTC may continue to fluctuate within the range of 60000 - 71000. In the short term, before the Nonfarm information today, BTC may decline towards the near bottom of 60000.
US stocks continue to extend their upward trend in the first session of the week; however, the increase has not really matched the wave of positive information. The technology stock group surged strongly again, led by the semiconductor group and Nvidia. This recovery momentum is also supported by recent earnings reports from AMZN, META, and GOOGL. In contrast, the Dow Jones performed poorly as the Essential Consumer and Healthcare groups declined. Market optimism has put pressure on the USD, causing the greenback to drop sharply. The reason stems from the JPY's appreciation following the overwhelming victory of the LDP Party in Japan. In addition, Bloomberg reported that China is urging banks to limit risks when trading US treasury bonds in the context of a volatile market.
These two factors have revived the theme of "selling the whole of America," dragging the USD weaker. It is highly likely that the USD will continue to decline in the Asian and European sessions today. However, caution is needed when entering the US session, as the upward trend of stocks is not yet truly solid. If US stocks sharply reverse, a risk-off sentiment may emerge, supporting a USD recovery. Therefore, short USD strategies today should limit "chasing prices."
With $BTC , there are currently no sufficient signals to trigger trades. The short-term upward trend is lacking certainty as US stocks recover, but $BTC does not increase correspondingly. Prices are currently being capped around the resistance area of 72,000 and are at risk of reversing to test the old bottom. The day's strategy prioritizes selling or waiting to buy around the bottom of $61,880.