In the process of making money, we gave control of bitcoin t | 125XFuture on Binance Square

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In the process of making money, we gave control of bitcoin to the government #WeAllAreNotSatoshi #WeAreAllSatoshi  

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Technical Analysis $BTC 1. Price Movement: The current price of BTC is $75,406.00, showing a significant increase of +7.80%. 2. Trend: The chart illustrates a strong upward trend, with price action forming higher highs and higher lows. The market appears bullish, especially as it approaches the 24-hour high of $75,522.44. 3. Moving Averages (MA): • MA(7): $75,155.69, indicating a strong short-term uptrend. • MA(25): $74,498.79, acting as a supportive trendline, indicating sustained bullish sentiment. • MA(99): $72,939.16, representing a longer-term trend that remains upward. 4. Volume: There are periods of increased volume that coincide with upward price movements, confirming buying interest. 5. Order Book: The bid-to-ask ratio shows slightly more selling pressure, with 42.97% bids to 57.03% asks. This suggests some resistance or profit-taking at the current levels. Indicators and Key Points • Volume Analysis: The consistent volume during the price rally supports the strength of the uptrend. However, decreasing volume could signal weakening momentum. • Support and Resistance: Support is near the $74,000 range (close to MA(25)), while resistance could be seen around $75,500 and potentially higher levels if the bullish trend continues. Outlook • Bullish Momentum: The strong trend suggests the potential for further upside, but it’s essential to watch for any signs of a slowdown or reversal, particularly if volume decreases. • Potential Pullback: If profit-taking or resistance plays a significant role, a short-term pullback could test support near the MA(25). Would you like more insights into any specific trading strategies or analysis?

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#MarketSentimentToday BTC $76,000 next 24h

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