Bitcoin (BTC/USD) is showing signs of a possible bearish reversal.
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#bitcoin Bitcoin (BTC/USD) is showing signs of a possible bearish reversal. The price has been rejected several times at a strong resistance zone, which has built up selling pressure. After that, Bitcoin broke below its upward trendline – a clear signal that bullish momentum is weakening and a bearish setup may be forming.
The RSI is at 42.74, moving lower but not yet in the oversold zone. This means there’s still room for Bitcoin to fall before a possible bounce.
The next key level to watch is the 200-day EMA around $103,179, which acts as strong support. If Bitcoin keeps dropping, this level will be tested. The bearish target zone is between $100,720 – $100,419, where buyers may step in.
If the 200 EMA fails to hold, Bitcoin could see deeper downside. For now, bullish traders should stay cautious, as the recent uptrend looks und er pressure.
$PLUME surged from $0.07200 to $0.10350, before cooling to $0.09210 (+27.9%). The strong pump shows high speculation, but rejection at $0.1035 caused a short-term retracement.
🔑 Key Levels:
Resistance: $0.098 – $0.1035
Support 1: $0.088 – $0.090
Support 2: $0.082 – $0.080
📊 Bearish Setup (Short-Term):
Entry: $0.092 – $0.096 (weak rebounds)
Targets: $0.088 → $0.082 → $0.080
Stop Loss: Above $0.1035
⚡ Insight: The big green candle shows buyers’ strength, but failing to reclaim $0.098+ means bears are in control short-term. Expect volatility, with possible deeper pullbacks before bulls try another breakout.
$PLUME surged from $0.07200 to $0.10350, before cooling to $0.09210 (+27.9%). The strong pump shows high speculation, but rejection at $0.1035 caused a short-term retracement.
🔑 Key Levels:
Resistance: $0.098 – $0.1035
Support 1: $0.088 – $0.090
Support 2: $0.082 – $0.080
📊 Bearish Setup (Short-Term):
Entry: $0.092 – $0.096 (weak rebounds)
Targets: $0.088 → $0.082 → $0.080
Stop Loss: Above $0.1035
⚡ Insight: The big green candle shows buyers’ strength, but failing to reclaim $0.098+ means bears are in control short-term. Expect volatility, with possible deeper pullbacks before bulls try another breakout.
NFT Market Drops $1.2B as Ethereum Falls #NFTComeback #nftfools The NFT market lost over 12% of its value in less than a week, dropping from $9.3B to $8.1B, as Ethereum (ETH) prices pulled back from recent highs.
Why It Happened
Most NFTs are built on Ethereum, so when ETH fell 9% (from $4,700 to $4,259), NFT values also dropped.
In the last 24 hours alone, ETH fell another 4%, adding more pressure on NFT prices.
Top Collections Hit
CryptoPunks stayed the #1 collection but lost $300M, falling to $2.1B market cap. Sales volume dropped 34%.
Bored Ape Yacht Club (BAYC) fell almost 20%, from $602M → $482M.
Pudgy Penguins surprisingly$ took the #2 spot, even though their value also fell ($591M → $491M).
Institutional Spotlight
BTCS Inc., a public blockchain company, bought 3 Pudgy Penguins NFTs for its corporate treasury.
This shows big players are starting to see NFTs as serious assets, not just collectibles.
Outlook
NFT prices may recover if Ethereum turns bullish again. Meanwhile, collections like Pudgy Penguins show that new leaders are emerging beyond CryptoPunks and Bored Apes.
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