BTC dominance is falling like a log. Wait for Altcoin season.
going long NYSE:DELL here, we have support and good r/r, dayclose under i take the stoploss, so lets see whats happends
Why is the Bitcoin Dominance chart in the 4-hour time frame the opposite of the daily time frame? It is upward in 4 hours, downward in daily!
It's my personal opinion. I won't sell a penny of XRP. No matter what will happen to BTC today and days after, XRP is a game-changer. It'll defy BTC dominance in a way unheard of. Let's see...
i will try to long this stock now, like the volume and the support here!
Bitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, faced a notable price dip to $96,300, reflecting a 6% decline over the past 24 hours. Despite this, significant institutional purchases by MARA Holdings and Hut 8 highlight the growing confidence in Bitcoin's long-term potential. Institutional Accumulation on the Rise MARA recently purchased 15,574 BTC at an average price of $98,529 per Bitcoin, totaling $1.53 billion. This acquisition, financed through zero-coupon convertible notes, has increased their holdings to 44,394 BTC, worth $4.45 billion at current prices. MARA’s year-to-date BTC yield stands at an impressive 60.9%, underscoring their strategic accumulation approach. Another institutional player, Hut 8, announced the purchase of 990 BTC for $100 million. These acquisitions demonstrate that major players view current prices as an attractive entry point, reinforcing Bitcoin's narrative as a store of value. Market Sentiment and Activity Despite the dip, CryptoQuant reports no signs of widespread panic selling. This indicates resilience among market participants, with many holding firm in anticipation of a rebound. Additionally, Bitcoin remains 4.59% up in December and 60% up over the past four months, reflecting its strong performance in the broader macroeconomic environment. Technical Analysis 1. Relative Strength Index (RSI): Bitcoin’s RSI currently sits at 35, signaling oversold conditions. Historically, such levels have often preceded a price rebound. 2. Fibonacci Retracement Levels: Immediate support is observed at the 65% Fibonacci retracement level, a critical zone that could stabilize the price. However, persistent selling pressure might push Bitcoin lower, with potential targets at: - $90,000 (1-month low) - $80,000 (key psychological level) 3. Volume and Liquidations: Over $100 million in liquidations occurred in the last 24 hours, suggesting significant market volatility. Short-Term Outlook While the dip has raised concerns, Bitcoin's fundamentals remain strong, bolstered by robust institutional demand. The oversold technical conditions and significant support levels suggest a potential recovery in the coming days. However, traders should remain cautious, as further dips could occur if broader market conditions deteriorate. Conclusion Bitcoin’s dip to $96K reflects short-term volatility, but the sustained interest from institutional players like MARA and Hut 8 underscores its long-term potential. As market sentiment stabilizes, Bitcoin could see renewed bullish momentum, making this an opportune moment for investors to assess their strategies.
Today is another red day for crypto. This shows how easy it is for us to get carried away with the good feelings of green days and forget about days like these. Taking profits makes so much sense now as a trader. But that’s not all—we need to keep those profits for future entries, and good entries, not the kind driven by FOMO, greed, or revenge. A lot of work needs to be done on our personalities just to stay in this game long enough to make it. This self-improvement can be tricky and tiring, which is why time in the game is so important. And time in the game is made possible by profit-taking. Taking profits gives us the breathing room to work on ourselves with the help of the markets. It’s not easy, my fellow traders, but let’s hope for better, greener days ahead. A little bit of TA on TOTAL (Daily Time Frame): the system is switching short because the PSAR is red and above the price. The only thing we can do now is wait for the price to stabilize—no price targets, just wait and see what happens. Take care, my fellow traders. See you on the other side of the top.
We have achieved 1:1 Now let aim for 1:2 gang Secure half of the profits and leave the rest to run to Full TP
BINANCE:SOLBTC looking for a bounce around 14-15k sats. HODL or nah
XAGUSD Silver vs. the US Dollar Suggesting the price will Break Out From The Level of 29.378 Here The Price will Break Down. If the price break above 29.3780 Resistance Level it could signal a Potential upward trend if the Strong clos e Above this Level. Support Level at 27.150 If the Price Breaks below the 29.370 level it could Head toward the support zone at 27.150as Suggest Bearish Trend. Rate Share Your idea what's Going on Thanks.