❌❌ More Losses in BITCOIN? ❌ ❌
Mis à jour
Due to the recent intensified falls, Bitcoin holds the $30,250 - $31,550 major support level.
Bitcoin needs to show some strength from here.
It has a major resistance level of $31,250, $32,400 and $32,650.
The next move is to decide how the price reacts at the resistance level. The market is full of panic, and any negative news will dump the market.
❌ There is still selling pressure in the market, and the possibility of breaking the current supports due to the sale of bitcoins by some holders is high.
❌ Note: This is the area where it bounced back last time and made a new all-time high!
❌Bitcoin balance on known Luna Foundation Guard (LFG) addresses keeps decreasing. This creates panic in the market.
LUNA and UST are dumping hard and pulling the whole market down.
❌ The tail amount of total Bitcoin exchange flows from private wallets is around 10%. However, it has now reached over 40%, a highly unusual and important spike in private exchange flows. This is likely the cause of the extra selling pressure over the last couple of days and the catalyst for our next move.
❌ Bitcoin dominance has broken sharply, breaking the resistance level of 42 to 42.20% upwards. This level is becoming supported. Therefore, the probability of moving to the next resistance is 42.77 to 42.88%.
❌ The next major support could be $29,500, below which the bears might aim a move towards the $28,800 support zone.
Bitcoin needs to show some strength from here.
It has a major resistance level of $31,250, $32,400 and $32,650.
The next move is to decide how the price reacts at the resistance level. The market is full of panic, and any negative news will dump the market.
❌ There is still selling pressure in the market, and the possibility of breaking the current supports due to the sale of bitcoins by some holders is high.
❌ Note: This is the area where it bounced back last time and made a new all-time high!
❌Bitcoin balance on known Luna Foundation Guard (LFG) addresses keeps decreasing. This creates panic in the market.
LUNA and UST are dumping hard and pulling the whole market down.
❌ The tail amount of total Bitcoin exchange flows from private wallets is around 10%. However, it has now reached over 40%, a highly unusual and important spike in private exchange flows. This is likely the cause of the extra selling pressure over the last couple of days and the catalyst for our next move.
❌ Bitcoin dominance has broken sharply, breaking the resistance level of 42 to 42.20% upwards. This level is becoming supported. Therefore, the probability of moving to the next resistance is 42.77 to 42.88%.
❌ The next major support could be $29,500, below which the bears might aim a move towards the $28,800 support zone.
Commentaire
💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
🥇Join our free Telegram channel ➜ t.me/monocoin_public
👤Admin ➜ t.me/monocoin_admin
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.