«Honey, why are you so worried, Bitcoin is still above 100k».
😂 You, whose portfolio is full of alts, memes and leverages…
🪙FRACTALS OF 2024 ON BITCOIN
If we compare the chart of Bitcoin from the beginning of 2024 and the current one, we... won't see any differences.
There were two fakeouts of the crucial resistance, the last fake led to the dump to the support of the horizontal channel ($39k back in Jan 2024 and $85k now in Dec 2024).
We may expect a small fake breakdown of this level, but the ultimate bottom should locate in the $83,000 - $85,000 zone. Right from there we can start our rally upwards again.
It perfectly correlates with TA and Fibo levels as well.
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Good morning guys 🔥
💰Today, with Bitcoin down to $95.5K, the ratio of cryptocurrency discussions dedicated to buying the dip has reached its highest level in 8 months. The last time we saw such enthusiasm for buying the dip was the big crash on August 4th.
Since then, Bitcoin's market value has risen +81%🚀🚀🚀Читать полностью…
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📈 Twitter is pushing a chart that suggests BTC could repeat the 2017 and 2020 cycles.
🪙 According to this forecast, there will be the following key marks:
1️⃣ $110,000 — The first short correction will occur. Here, everyone will get a little tense, but will continue to buy.
2️⃣ $125,000 — After this, a stronger correction is likely, which will make many people think.
3️⃣ $150,000 — After this figure, a fucking correction is expected, where the hamsters will start to fixate.
🚀 According to these calculations, the end of the bullish cycle may occur at $220k. This will be the final stage, where greed and euphoria will reach a peak.
❗️Although each cycle is unique in its own way, patterns often repeat, so anything is possible😋
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⚪️ETH UPDATE
Despite the overall market dump, the price is staying strong above the descending trend line!
Expect one to grow up to $4400 - $4600 target as I previously said.
Altcoins are still in the ok mood.
👀 Crypto market review
〽️ The market shook up overnight, with almost $800 million in liquidations. It's all the fault of old Powell, who organized the pre-New Year's sale. Most altcoins also reacted with a fucking dump. More than $1.5 trillion was liquidated on the US stock market.
📊 Indicators:
😨 Fear and Greed Index — 75
💲 Alt Season Index — 55
📈 Long/Short Ratio — 51/49
💰 Crypto market capitalization — $3.48 trillion.
👑 Bitcoin dominance — 58.27%
😇 All because of the speech of the Fed Chairman Powell, in which: the rate was reduced by 0.25% and said that in 2025 there will be only 2 reductions instead of 4 for a total of 0.5%. Inflation will return to the target of 2% only in 2027. When asked about the BTC reserve, he answered - "buying BTC on the Fed balance is prohibited." This was enough for the correction.
💵 Yesterday, the inflow of funds into the BTC-ETF amounted to $ 275 million, continuing the net inflow for 15 days in a row. The net inflow of the ETH-...
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👀 Crypto Market Review
〽️ BTC reached $100,000, luring Long trades, and then launched a razor conveyor. The fall of BTC brought blood to the entire market, alts fell by -10%-25%. However, all this was expected.
📊 Indicators:
😨 Fear and Greed Index - 74
💲 Alt Season Index - 47
📈 Long/Short Ratio - 51/49
💰 Crypto Market Capitalization - $3.24 trillion.
👑 Bitcoin Dominance - 58.69%
😐 All because the US House of Representatives rejected the bill on temporary financing and raising the debt ceiling. In this regard, the previously reached bipartisan agreement fell through and the likelihood of a government shutdown has increased as early as Saturday. Against the backdrop of this bullshit, outflows from the ETF began and off it went.
😏 The main thing to understand is that all this is a fucking circus and noise - it is profitable for the whales to shake everyone out of the market, scare everyone, buy them back cheaply and move on after the cleanup. Those who are not confident in the futu...
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