We are starting another day in the land of #BTC and it | Ualifi Araújo on Binance Square

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--Bullish

We are starting another day in the land of #BTC and it seems that the Bulls are feeling some heat here.

The situation in Iran seems worse than most Governments expected it to be, the situation around Oil is already starting to lose control and the question now is who is more screwed over by all this.

This war with Iran is totally unsustainable, and we all already know that...now all that’s left is for Trump himself to stop the madness and end this with some reasonable agreement for both parties.

Also to make matters worse for prices here...DUBAI today blocked several major Brokers from trading there, and these Brokers are of extreme importance, so this action is indeed a problem for prices.

A completely unexpected action, since Dubai had been taking a friendly stance with Crypto Brokers.

The price should find support in the region of $68.3K and try to recover to $70.5K by the end of the afternoon, we need this recovery to have a positive weekend.

The fear is so absurd that the Dominance of USDT went straight to 8%...indeed the event 10/10 traumatized the market, it is a wound that will take time to heal.

Ualifi Araújo

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Bullish

#BTC

We made good progress here in just 2 days.
We broke the first lower gray range, which was where we had a lot of difficulty before, and then we went to the second higher gray range, around $71K. This last one had no difficulty in being broken, neither by the bulls nor by the bears.

The first touch at $74K occurred, but in this green area of the chart it was unlikely we would break it as quickly as the level below. Therefore, the rejection we are seeing today is normal, zero surprise about that.

The current level of $70.6K must be maintained and the daily close needs to necessarily be above it, so we can continue with the upward momentum.

High leverage is already starting to show, but as always, they are late to the move, which makes these late positions easy to hunt.

The close above the current gray range is what will put us above the EMA200 (4h) and will certainly make it easier for us to rise to the green range on the chart.

It is evident that the price rose very quickly and we need a little more time for the next upward move, so don't overdo it.

It seems I was right about USDT.D and the price of BTC reaching important points at the same time. Notice that we are there, at this very moment, trying to make a low retest at 7.71%, and I hope that this low retest is completed and we continue down towards 6.79%. This will give altcoins a much stronger rise than before, and Bitcoin could go above $74K without difficulties this time.

I had a great interest in today's price, as I had mentioned since the beginning of the week, and it seems that higher is the most likely after all.

The thought is the same:
$98K is inevitable, and it doesn't matter what the bears do or how many triggers they may use during this time. Time is against them.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.