#BTC/USDT ANALYSIS
Bitcoin has broken down from a rising wedge pattern and has successfully retested the breakdown level. Currently, it is moving downward towards a horizontal demand zone where the 200 MA is acting as support.
We can expect a rebound from this demand zone level if it holds. However, if it breaks down through the demand zone, we may see further correction in the market.
In the past 24 hours, the cryptocurrency market experienced significant liquidations totaling $227.96 million across various timeframes.
A total of 67,645 traders were liquidated, with long positions bearing the brunt of the losses.
The largest single liquidation occurred on OKX with a value of $4.00M in an ETH-USD swap.
The data indicates a predominantly long liquidation trend across all intervals.
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Exchanges: Bingx
Signal Type: Regular (Short)
Leverage: Cross (20х)
Entry Targets:
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2) 1.92465
3) 1.90491
4) 1.87530
5) 1.85556
6) 1.82595
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Entry price: market.
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#BTC/USDT ANALYSIS
Bitcoin is currently consolidating within an ascending channel and trading just above the support trendline. We can anticipate a bounce from this support level.
However, the Ichimoku Cloud indicates bearish momentum, acting as a resistance. A breakdown of the channel's support trendline could signal a shift towards a further downward trend.
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#ACE/USDT All take-profit targets achieved 😎
Profit: 216.5354% 📈
Period: 3 Days 14 Hours 11 Minutes ⏰
Binance Futures, ByBit USDT, KuCoin Futures, OKX Futures
#PEOPLE/USDT All take-profit targets achieved 😎
Profit: 216.6326% 📈
Period: 5 Days 8 Hours 34 Minutes ⏰
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures
#BOND/USDT Cancelled ❌
Target achieved before entering the entry zone
Binance Futures, Bitget Futures, ByBit USDT, KuCoin Futures, OKX Futures
#MOVR/USDT Stop Target Hit ⛔
Loss: 105.3302% 📉
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