Bitcoin is over extended plus it's in over-bought territory. I am expecting a correction soon between 69k to 70k to cool off plus there is a FOMC meeting on Friday so most probably BTC will retest these levels sooner or later.
Please be careful most of the liquidations are downside so it can come downwards sharply to grab the liquidity.
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I started to understand crypto and Bitcoin back in 2020 and I have gone through harder times and lost everything that I had.
Then I started learning deeply and set a goal not to repeat the same mistakes again. How did I do?
First I set a goal not to follow what the herd is saying I started learning charts, candlesticks, patterns and I specially decided to always be patient and use the risk management whether I am investing $10.00 or $10,000.
After I lost everything and learned many things almost until 6 months then I restarted with $500.00 and set a goal that I will be doing trading slowly and gradually because our mind is always bling to be a millionaire in one day but at the end we end up losing everything then regret to have patience instead of rashness.
Since I restarted investing with $500.00 and it's been 3 years I never repeated those mistakes that I used to do before and I made around 33 BTC. I know you won't believe it but it's a fact.
If you want to grow with me just hit the follow button and like this post and say yes in the comment then I will make additional effort for you guys to bring perfect signals with high accuracy which can give you benefits plus learning skills with my strategies that I use every time.
Be careful now! USDT dominance is now at major support!
BTC has no resistance or supply zone, so we can analyze further through USDT dominance.
BTC price is approaching 80,000.
If USDT dominance bounces from this point, a correction in BTC is possible.
Don't book profits; just secure them.
For example, set your stop loss (SL) within your profits. Suppose you bought something at $1, and now it's at $1.5—set your SL at $1.3. This way, you secure a 30% profit. If the coin goes up, raise your SL.
ETH is performing well against BTC. If it holds during BTC’s correction, altcoins may rally beautifully, God willing.
Eth is closed a daily candle above $2920.00 which is a good sign for Alt coins.
BTC is currently over extended and can't pump straight to upside 80k to 85k. BTC needs to cool off near previous all time high or 70k regions to correct and might grab liquidity in these areas sooner or later.
It's necessary to have a correction so BTC would have a healthy pump towards new heights.
You can open any coin chart they are almost over extended and they need correction before go up to the next leg up.
If you are holding long position my suggestion is to put tight stoploss in your trade to avoid losses.
If anyone thinking to buy now I would suggest to those wait until BTC correct near the levels I mentioned above. It is better to wait instead of losing or stucking in trade.
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The Federal Reserve’s November policy update reveals subtle yet significant shifts in its economic outlook, reflecting a cautious optimism toward inflation and a recognition of easing in the labor market.
The statement highlights that economic activity remains on a “solid” path, but the labor market has “generally eased” since earlier in the year. This marks a shift from the September statement, where job gains were described as strong, signaling that employment growth is stabilizing rather than accelerating.
The Fed also acknowledged progress on inflation, with a more confident tone on its movement toward the 2% target. While inflation remains “somewhat elevated,” the November statement suggests increased optimism that inflation is stabilizing—a key goal for the Fed as it navigates the delicate balance between curbing inflation and supporting economic growth.
One of the more notable updates is the decision to slightly lower the federal funds rate, adjusting the target range to 4.5%-4.75%. This small decrease indicates a measured approach, aiming to support continued economic stability while remaining attentive to inflation risks.
In conclusion, the Fed’s November statement reflects a subtle shift in policy direction. With signs of labor market easing and inflation moving closer to its target, the Fed is signaling a steady, balanced approach to ensure economic resilience amid ongoing uncertainties.
BREAKING: 5.3 Theory Update – Can Bitcoin Soar Above 100K This Cycle?
How high can Bitcoin go in this bull run? That’s the million-dollar question! Every night, as we drift to sleep, there's that anticipation: Will Bitcoin be soaring when I wake up? The thrill of watching BTC's price climb day after day is unmatched—seeing your portfolio grow, the satisfaction of those gains—it’s what every investor dreams about.
Right now, we’re in the midst of a promising bull run, and all signs suggest we could be in for something extraordinary. The 5.3 Theory has emerged as a hot topic among analysts, pointing to a possible BTC price surge past $100K. This theory looks at historical market cycles, which show that BTC has the potential to break new all-time highs during bull markets. Given Bitcoin’s price trajectory and the current market sentiment, the possibility of hitting that six-figure mark isn’t just a dream—it’s within reach.
The real question remains: how high can Bitcoin go this cycle? With strong fundamentals, increasing adoption, and a steadily shrinking supply, this bull run might just be one for the history books. Let’s keep our eyes on the charts and our minds on the potential ahead.