BTC Near 67k and market is engulfed in Red !! what is happenning ?

Major meme and Alts are currently going down to price limits where they were when BTC was hovering between 62 64k .

2 possible reasons
1) Retail and Mid traders who are usually life line of Meme and Alts are still not realy trusting the market bulls .

2) Some Big instititions is Buying Just BTC ,while the rest of market is not realy getting into that vibe .

Retailers and Mid level traders have been Hurt too many times i guess .

True bull will only begin when BTC croses 73k mark and stays up making 73k a Support rather then Resistance .

More volality of be expected in coming days .

for ref check prices of Floki , Bonk , Pepe , Sol and most major of them all ETH.

BTC just did a spectacular Liq sweep for shorts at 68k , and now back down expecting a bit more correction ,
watch for 64800 64200 63000 supports .

Avoid taking any position till support and resistance is established .

Stay safes more pumps and dumps expected.

BTC sneezes ....market goes trumbling down .

imagine what would happen if btc goes to 60k retest .

tread carefully .

Next 4 to 6hrs will be very Exciting and volatile ,As US market open in around couple of Hours , will they push the market further up of take profits and start selling last week bags .

Be vary as market stands on make or break point BTC standing on tough resistance of 65k, break above from here can see market going postive for couple of days next major resistance being 66600 and 68200 .

for trade look for coins that havent already pumped yet.

floki and Bonk being major ones still below the normal market place .

Stay safe dont fall for FOMO and FUD .

Why is BTC crashing .

Because US stock market is crashing .

Now that Us investment Institutions have become major players in Crypto .

Crypto is no longer safe from real market conditions .

Let see is it another long wait or another buying oppertunity for those who missed the last pump.

Market Retraction dont necessry mean change of trend , it means providing new oppertunity for fresh buyers .

A simple trick that rarely fails in future trade is buy at support sell at resistance .

People have been Bashing Hamster , calling it a scam fraud cheat and what not .

Leta have a reality check .

Hamster Kombat a Telegram base mining app had 300 million users as it gained "free money" popularity in South asia and Africa , its popularity exploded so did tye user base with average joe accumolating millions and billions of "coins" .

with such big number of users how HK team manage to keep things running and then creat a blockchain token did tge biggest airdrop by sheer volume is nothing short of a miracle !!
Cherry on top that they manage all that and the toke price is still high then many big meme and TON tokens .

Now i know as a singular entity one wants big money but now divide that money into 300 million parts .

How HK team achived that is beyond me , while many small "Tap tap" games usually just scam and run away by asking "Gas fees" they actually did all that against your time .

Always look at the math of things before judging .

BTC doing what BTC does best ......Breaking Market momentum .

As its been said many time BTC dominance remains the biggest Hurdle in Crypto Currecies breakthrough in real world economy .

Unless US market wakes up and suddenly decides to sell BTC we should be seeing an upward trend in BTC and market overall , BTC has survived the dreaded weelend and Monday let see it should be doing something in next 12 Hrs .

While 70k or beyond might still be farfetched till US election but 65 or even 66k seem possible now before (if any) consolidation .
It also benfits big money investors and exchanges as massive amount of Short liq remains at 66k and 70k .

If taking long look for strong projects that havent pumped yet i.e Floki , Bonk , for scalping look for alts like ETh Sol BNB etc .

Key position to look in next 12 hrs is ...market trend after US market opens , Market trend once Asian market opens .
Key Resistance of 64k 64.6k
Key support of 63k and 62.6k

BOL .

People with short Trades are telling you that BTC is about to collapse to 30k .
People with long Trades are telling you BTC is about to cross 80k .
Reality is No one knows with surety which way the market will go ,But one thing for sure is that Volatitlty will stay till global markets calm down , most probably after US elections .

While BTC is showing signs of recovery abeit mix sentiment but still some hope .
On the other hand Major alts and top meme coins are struggling hard to maintain any kind of traction , Major hits like Pepe , Bonk , WIF, Floki are in abyss with no signs of major interest in them .

One can only imagine what it would be like if BTC takes a trip down to 57,55 or 52k .

While for long term holders this could be an oppertunity long lost in last 6 months ,one can oversight the critical fault lines Major alt and meme coin are sitting upon .

May be a futher push down is needed to grab interest of major investors .

P.s dont put your hopes on founders of these coins they have long filled there bags and gone to enjoy "other" things .

Next 24 hrs very critical and volitile .

Yesterdays shenanigan of BTC (Momentry dump then pump) has hurt the momentum of alt and specialy meme coins .

Coins got sold in mass numbers as soon as the ist red candle apeared at 57k resistance and failed to attract buyers at low point of 55.5k , reasons could be FUD by analysts etc who presumed BTC is going down 52k .

This uncertanity has left most meme and alt coin off the rally which BTC had from 55 to now 58k .

If you see the pirce patterens across big name meme coin they are nearly at levels where they were 1 days ago when BTC was 55k .

This is called breaking of Insync between market makers and traders .

Retail traders matter.!!

Floki holders !!

If any please share in comments how much Usdt worth Simon Cat token you recived against how many Floki token ?

As you all know , today is a an important day for market with major CPI data release .

Expect volatility at these times

12:30 IST (17:30 pst) to 13:30 IST (18:30 pst)

BTC to hold 56500 and more importantly 55800 support is good for up trend .
Below 55000 might indicate a further downward trend toward 53k ...or even more as its mid of week.

Stay safe in future look for small trades in hedge mode .

In Spot wait for lowest possible pirce brackets .
although spot buying can wait out a bit more for clear market pathway.

Remember there is always a tomorrow.

Key Supports and Resistance indicators for BTC .

1) Short term local resistance
54800
2) Short term daily resistance
55600
3) Key Resistance
57000
4) Trend resistance
58600
5) Revarse trend indicater resistance
60600
6) Bullish Indicator resistance
63600
7) Bullish conformation
66800
.

It is yet to see if the weekend in just a breather or BTC consalidating it self for comming week .

The market physc is still High in fear as there is no Global good news in coming week .
Monday tuesday might be defining days for next 7 to 10 days .

Crypto expect high volitality in Q4 due to important upcoming global event .

A much needed Breather might be on its ways in an hour or so , As It is expected that US Job Data might have picked up numbers in August showing some resiliance in economy and further imporving chances of mucj anticipated fes rate cuts.
For Crypto a good news is need of an hour after choppy 10 days .

All in all in lay man terms ....a 60k or 50k momment is about to happen in next hour or so .
Be ready to act accordingly .

Stay safe .

Important BTC Milstones to look for today .
For upward trend
BTC to break 59.8k resistance and hold above till Asia market closes.

BTC to break or Hold 60.8k resistance till US market opens .

Both scenario could see BTC closing on high note of 62-63k in 24 hrs .

Staying above 58.8 k support is important for further bullish trend .

If it breaks support of 57k in 24hrs then a downward movement can start which can take BTC down to 57 56 and possibly to 52k by end of week .

Trade cautiosly , avoid high levrage and high risk trades for now BTC .

Remember there is always a tommorrow .

If must trade then look for small assets that havent pumped much yet but have huge potential .
i.e
Floki and bonk.

Did you miss buying oppertunities last week ?
well you might wana look closely for entry point today , as BTC seem to hold on creating a better value support at 63 - 61k , meaning if all things go normal new bullish ralley can start from tonight upto wednesday .
On opposite side for any external reason if BTC breaks 63k support before opening of asian markets tonight and continues down trend the bullish rally can be delayed till 2nd week of sep.

Remember never enter on top always wait for a slight or big correction it always comes usually within 24 to 48 hrs .

Unless a high risk holder avoid buying TON network tokens for now Bur If You like to take risk then it might be a golden oppertunity .

Question Why is market dumping ?
Answer is simple , the external reasons havent changed yet , money does not grow on trees ! People seem to forget just a week or so ago thousand of retailers small and medium traders got liqudated just a week or so ago many simple have just quit and other wait for more funds but neither the funds nor will to trade is coming back any time sooner ...hence the volume of traders have signaficantly dropped .

2ndly Isreal Vs Iran , US election , Global market meltdown and many other factors are still at large .

In above situation its nothing short of a miracle that market is still holding some ground .

Day traders or retailers are as important as whales to run the market its about time that there importance is valued before sudden jump in or jump out by big "Holders"

ExPURtzz be like .

The market is going up ......Its a Bull trap !!!!

The market is going down....Its a Bear Trap !!!!

The matter of the fact is there no Trap its just how market work ...one way market is not a reality just a dream.

If any one could predict market they would be billioneres by now and not posting here hope to grab 10 cents on a doller from write to earn or there shitty signal groups .

DYOR is only thing that matters rest is mostly skill experience and 70% plain good old Luck.