As we mentioned earlier, exactly what we predicted has come true â both the daily and weekly $BTC closings have been below resistance. This suggests that the coming week could be more bearish for Bitcoin. However, it's not going to be that simple. We might see one more wick up towards the $61K range as Bitcoin grabs liquidity, followed by low volume and bearish momentum, potentially leading to a market drop. đ
Weâre giving you this update in advance because youâre our VIP members, and we want you to profit from this. If $BTC reaches $61,000, Iâll be opening my short positions. đđš
Altcoins âïž: Bullish Every Week? đź
As for altcoins, weâre expecting green candles and a bullish trend week after week â unless any major bad news hits the market. Now, you might wonder, how can Bitcoin be bearish while altcoins are bullish? đ
đšđš $BTC Fakeout: Just as Predicted! đđš
As we mentioned in our last analysis, Bitcoin experienced a fakeout, and the drop đ„ was imminent unless it crossed the 100 MA on the daily timeframe. Today, we saw exactly that unfold! đ
We also shared the exact dates for the dump, and it played out as predicted. For those who mocked our analysis, claiming Bitcoin would hit $68K or make a new all-time high â once again, weâve been proven right. âïž $BTC followed the expected path, as it always does when we break it down for you. đŻ
We Need Your Support â€ïžđš To continue sharing detailed analysis with all of you, we need your support. If you appreciate these insights, you can easily tip us by clicking the yellow $ sign at the bottom of this post.
Next Move for $BTC ? đźđ If this post receives đđ» 50 likes, weâll share the next move for Bitcoin, along with long-term predictions and a timeline for key altcoin moves. đ
Precautions â ïž
As always, please take care with your trades. The market remains volatile, so: - Avoid over-leveraging and manage your risk carefully. đ - Keep an eye on key levels, especially around the 100 MA. - Be prepared for sudden price movements. Patience is key in navigating these fakeouts. #DOGSONBINANCE #BinanceLaunchpoolHMSTR #BinanceTurns7 #CryptoMarketMoves #BTCâ
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Bearish
Major $BTC Fakeout and Whatâs Coming Next đ„đš
As we mentioned earlier, our weekly closing fell below key resistance, but despite that, Bitcoin touched $60,500 today after several fakeouts in the daily candles. While this is a clear fakeout, we may still see Bitcoin reach $61,800, $62,600, or even $65,100 before the expected major crash. This could bring $BTC down to $45,400 - $47,800, where we anticipate a bullish reversal wave. đ
Hold Your Short Trades đâïž
If your short positions are still holding and liquidation is distant, donât panic. We believe Bitcoin will drop again, with a likely return to $57K between 15-17 September. This will be an ideal opportunity to exit short trades for a decent profit! đ°
Key Precautions â ïž
The market is extremely volatile, so manage your risk carefully: - Keep an eye on Bitcoinâs key levels. đ - Avoid over-leveraging on $BTC . - Use stop losses strategically and stay patient! âł
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đšđš Small but Crucial Update on $BTC đđ„
Just a quick update for everyone! Weâve been emphasizing the importance of the 100MA, and right now, Bitcoinâs 100MA is sitting at $60,900. If $BTC closes above this level on the daily timeframe and holds it well, we could see another bullish wave. đ This wave could potentially take Bitcoin to $65,100, $66,700, and even $68,500. (Though the chances are slim, itâs worth sharing since the possibility exists.)
Strategy Moving Forward đ
Regardless of how high Bitcoin climbs from here, my strategy remains the same: Short Bitcoin every $1,500 upward. This movement still feels like a fakeout, and we are 90% confident that Bitcoin will drop back down to give us a wick in the $46,400 - $47,800 range. Mark my words, this retracement is coming! â ïž
đšđš $BTC Fakeout and Upcoming Retracement Moves đ„đš
As we mentioned in our last analysis, Bitcoin has been following the expected fakeout pattern on the daily timeframe, and so far, we see it playing out as anticipated. While some attribute the recent upward movement to the CPI data, the truth is that $BTC has simply made a liquidity grab. We can expect another downtrend soon, likely pushing Bitcoin down to the $46,400 - $47,800 range. đ
Whatâs Fueling the Bullish Sentiment? đš
The upcoming Fed meeting on 18 September is the reason behind the current bullish sentiment, as a 25-50 bps rate cut is expected. However, as you know, the market often moves in the opposite direction to trap liquidityâotherwise, how would exchanges and whales profit?
If the Fed announces a 50 bps rate cut, we could see a temporary spike, possibly pushing $BTC to $67K. However, this would likely be a wick before the market resumes its true direction.
Whatâs Next for Bitcoin? đźđ
Given the recent fakeout, we are expecting a retracement from $61K back to the $57K region, especially with the upcoming Fed news. While this might give Bitcoin a short-term boost, we remind you again that Bitcoin must retrace to $46K - $47.8K eventually. Stay tuned for updates at every level, as we continue to monitor the market closely!
Major $BTC Fakeout and Whatâs Coming Next đ„đš
As we mentioned earlier, our weekly closing fell below key resistance, but despite that, Bitcoin touched $60,500 today after several fakeouts in the daily candles. While this is a clear fakeout, we may still see Bitcoin reach $61,800, $62,600, or even $65,100 before the expected major crash. This could bring $BTC down to $45,400 - $47,800, where we anticipate a bullish reversal wave. đ
Hold Your Short Trades đâïž
If your short positions are still holding and liquidation is distant, donât panic. We believe Bitcoin will drop again, with a likely return to $57K between 15-17 September. This will be an ideal opportunity to exit short trades for a decent profit! đ°
Key Precautions â ïž
The market is extremely volatile, so manage your risk carefully: - Keep an eye on Bitcoinâs key levels. đ - Avoid over-leveraging on $BTC . - Use stop losses strategically and stay patient! âł
Hereâs a quick and crucial update â panic is gripping the market, and traders are lost, unsure of whatâs coming next. đš
$BTC is Playing a Fakeout Game! đ đ As we warned earlier, the weekly closing happened below resistance, and we gave you a short trade on BTC, anticipating today's upward move. But make no mistake, this is a clear manipulation to trap retail investors!
đ„ Brace for Impact: $BTC Big Crash is Coming! đ„ This time, BTC will drop *hard*, and itâs already confirmed due to this fakeout! We're expecting Bitcoin to hit around 47800 - 45,600, and thatâs the key level weâre eyeing for a reversal.
Bitcoin Dominance on the Edge: Is the Ultimate Altcoin Season About to Begin? đ„đ
Bitcoin dominance, or the market share $BTC holds relative to all other cryptocurrencies, plays a crucial role in determining the onset of an altcoin season. When Bitcoin dominance rises, it signals that more capital is flowing into $BTC compared to altcoins, often leading to a slowdown or decline in altcoin performance. Conversely, a drop in Bitcoin dominance is seen as a sign of capital shifting into altcoins, signaling the beginning of an altcoin season, where many altcoins experience rapid growth and significant gains. đđ
Bitcoin Dominance: Analyzing the Patterns đđ„ At present, we've been closely watching Bitcoin dominance, and there's been a bearish formation emerging on the daily timeframeâa double top pattern. This signals a potential reversal, meaning that Bitcoinâs dominance could decrease. However, there's always the possibility that the dominance might push up again if a third top forms and we witness an upside breakout. The chances for this, though, seem slim at around 10%. â ïž
Zooming out to the weekly timeframe, we can spot a rising wedge patternâa historically bearish structure. If this breaks to the downside, we can expect $BTC dominance to decline further. A similar pattern occurred in July, leading to Bitcoinâs dramatic $17K crash. If we see a similar breakdown now, it could mark the ideal entry for those looking to capitalize on the altcoin market. đ Altcoin Season Potential: Whatâs Next? If Bitcoin dominance does indeed fall, this opens the doors for an altcoin season. With a breakdown in Bitcoin dominance, money that was previously concentrated in Bitcoin begins flowing into altcoins, pushing their prices higher. For those investing in altcoins, this can lead to slow but steady growth, offering the potential for 2x to 10x returns. This doesnât mean that all altcoins will pump overnight, thoughâpatience and holding power are key during this period. đ„
As we shared with you a few days ago, Bitcoin dominance was forming a double top on the chart. Today, weâve finally seen the breakdown of the $BTC Dominance; 56.90% level, just as we anticipated. This has triggered an incredible pump in altcoins, giving traders a highly bullish moment. đ
But keep in mind, the daily closing hasn't happened yet. If there's a reversal in the dominance candle before the daily close, we could see a sharp crash in altcoins. đđ
As we mentioned earlier, we were expecting a double bottom to form, and it seems that it has now been completed, as our Bitcoin's major support at 53,500 has been hit.
When Will We Turn Bullish? đ
To turn bullish, we need $BTC weekly close above 56,660. Thereâs a strong chance the market could see a sudden positive news event, which may lead to a bullish surge and help secure the required close.
Key Support Levels âïž
Our $BTC strongest support lies between 52,700 and 53,300. If this support breaks, we could see further downside toward 51,700, 51,200, or even 47,800.
đš $BTC on the Edge! Massive Move Incoming? đđš
As I shared with all of you two hours ago in the fundamental update, I mentioned that if the ADP nonfarm employment rate comes in lower, we could head towards a crash. đ
Thatâs exactly what has happened! The major cause of this crash is the lower-than-expected ADP rate, and as you can see in the picture, the rate indeed came in lower. đ
Bitcoin's Relation: đ $BTC is feeling the heat! đ„ With economic uncertainty building up, Bitcoin has dipped alongside traditional markets, and this volatility could push it to test key support levels. If the sell-off continues, we might see $BTC dropping even further, challenging the bulls' strength! đ±
đš Fundamental Analysis: $BTC Current Situation đ„đš
As you all know, 12 hours ago we provided you with a short trade, and $BTC has dropped exactly as expected. Now letâs discuss the reasons behind this decline:
đ Job Openings Rate (US)
The rate of job openings in the US has significantly decreased, meaning the availability of jobs is much lower this time around.
đ” 50 Basis Point Interest Rate Cut
Thereâs talk of a potential 50 basis point interest rate cut, which could put pressure on the dollar.
đ ADP Non-Farm Employment Data
The ADP non-farm employment report is set to be released soon. If the numbers come in lower, the market could experience even more severe bleeding.
All of these factors have contributed to todayâs crash. We want you to learn and understand how the market operates. We wonât be posting any signals today due to the uncertain market conditions. Remember, protecting your capital is your responsibility â use it wisely. #USDataImpact #NFPWatch #BNBChainMemecoins #CryptoMarketMoves #PowellAtJacksonHole Bitcoin $BTC
Until Bitcoin $BTC successfully crosses the $59,800 resistance, there is a strong likelihood of another downward movement. It's advisable to start securing profits in portions instead of holding out for larger gains, as excessive greed could lead to significant losses.
Precautions đš: - Book profits gradually to minimize risk. - Avoid over-leveraging or taking unnecessary risks in volatile conditions.
đ„ Altseason Incoming: Brace for Major Pumps! đ
We're 'expecting' altseason to kick off as early as in next two weeks, potentially lasting until either March 31, 2025, or November 10, 2025. During this period, $BTC might not see a significant rally and could stay sideways around $82K. However, alts are poised for substantial pumps! đ #TelegramCEO #CryptoMarketMoves #BinanceBlockchainWeek #BlackRockETHOptions #DOGSONBINANCE Bitcoin $BTC $PEPE
đš DOUBLE BOTTOM ALERT: A Bullish Storm is Brewing! đš
Hello CS Members, The last four days have been a rollercoaster of volatility! From a high of $65,000, we've seen $BTC plummet to the $57,000 level in a flash. However, while $BTC faced this steep drop, altcoins have held their ground relatively well, thanks to Bitcoin weakening dominance.
As you all know, we've repeatedly highlighted that $BTC dominance is forming higher highs, reaching a peak. Weâre anticipating that the altcoin season might kick off by September, with us currently forming a crucial second bottom. Following this, we could witness a super bullish trend rally, potentially bringing 2x to 5x gains in altcoins! đ
Today, the charts suggest that we might be forming a double bottom, signaling a prime opportunity to load up on promising altcoins. We've already shared our top picks in the Bullrun Coins postâmore than 20 coins tailored to suit your portfolio. Get ready to enjoy some serious profits soon! đ° #CryptoMarketMoves #DOGSONBINANCE #Bitcoinâ #TON #BNBChainMemecoins
đšđš Altcoins on the Rise: Did You Catch the Wave? đ
Hello CS Members, This post is important for all of you. If you recall, we consistently provide date-specific analysis, just as we accurately predicted the $BTC top at $69,900 when everyone else on YouTube was calling for $BTC to $100k+. We didn't just make one post; we dropped 10 posts on Binance Square, warning everyone about the reversal point.
Similarly, on August 3rd, we alerted you that the altcoin market could begin a bullish wave between August 12th and 13th. Coincidentally, those dates also saw interview of Elon Musk and Donald Duck about $BTC . If you look at any altcoin chart or the overall market cap, you'll see that we marked the final bottom on August 12th-13th. Just two days later, our altcoins surged, delivering 30% to 50% profits in spot trading. đŻđ
Looking for Altcoin Trades? đ„đ You can read the full picture â weâve laid it all out in detail. A word to the wise is enough.
đ Pandemic Alert: $BTC and Markets on the Edge of a Major Shift! đšđš
In the midst of global uncertainty, we're seeing warning signs that could shake the markets to their core. Our analysis points to a critical 40-day window â if the WHO issues a global pandemic alert, especially for monkeypox, we're likely staring down the barrel of a massive market crash. This crash could last anywhere from 7 to 10 months, wiping out gains and plunging markets into turmoil. We've sounded this alarm in our previous updates, and the risk is growing by the day. đ
Bitcoin isn't immune to this storm. A global pandemic alert could send shockwaves through the crypto space, dragging $BTC down đ to test its key support levels. This is a moment of reckoning â if the alert comes, brace yourself for a significant downturn in both traditional and crypto markets. đ„
However, if we navigate through this period without such an alert, there's a silver lining ahead. Starting in September, we could see a massive breakout in the altcoin market, with potential gains of 2x to 5x for spot holders. đ The stakes couldn't be higher, and the next few weeks will determine whether we're heading for a crash or a crypto bull run. Stay vigilant and ready for whatever comes next! đȘ #MarketDownturn #BinanceTournament #BlackRockETHOptions #Bitcoinâ #LowestCPI2021
đšđšđ Bitcoin Crash? or Another Opportunity! đ„đš
As we warned you yesterday, Bitcoin's next move played out exactly within the predicted range! And guess what? The 100X trade we shared hit its target within just 30 minutes! đ
Upcoming Massive $BTC Crash â ïž
Mark your calendars: A massive crash is looming between August 18th and 20th, potentially dragging Bitcoin down to $51,800 - $50,300. It's time to manage your positions wisely â this could be the last major dip before Altcoins start recovering, with potential gains of 3X to 30X on the horizon.
Opportunity to Buy the Dip đšđ
The $BTC market is giving you another golden opportunity to buy the dip todayâbut remember, greed will lead to losses. Stick to buying in parts.
Important Precautions â ïž
- Don't make the mistake of shorting Altcoinsâliquidation is almost certain if you do. - Manage your positions carefully during the upcoming dip.
I've already taken new entries in Altcoins today, and I'll be opening strong long positions during the upcoming dip. đ
I trust my community is profiting from this $BTC crash too đ„. We'll continue to guide you, and soon, we'll help you take your portfolio to 5X+.
đšđš $BTC Crucial Level-by-Level Analysis: Predicting the Next Move! đ„đ
I hope my community enjoyed over 1X+ profit in yesterday's 100X trade. Let's dive into today's Bitcoin update. We've seen $BTC trading within the $61,800 - $58,500 range. Even with favorable US CPI data, Bitcoin's price was manipulated downwards to trigger liquidations, allowing exchanges and whales to profit.
Here's what you need to know:
Critical Levels to Watch đŻ We're outlining some crucial buying and selling levels for Bitcoin. Make sure to draw these on your charts and trade accordingly to maximize your profits.
âą Support Levels đ: $58,900, $56,600, $52,200, $47,800
$BTC Bearish Breakdown: đđ Bitcoin won't head lower until it strongly breaks down and faces rejection upon retesting the $56,800 - $57,800 level.
When Will We Consider Bitcoin Bullish Again? đ Bitcoin must establish strong support between $64,600 - $65,100. If this happens, we could be looking at a return to the $70K+ range.
What About Altcoins? đ Altcoins are at their bottom, so avoid shorting any altcoins as BTC's dominance is peaking. Once Bitcoin's dominance drops or stabilizes, money will flow into altcoins, potentially trapping all your short positions.
When to Buy Altcoins? đ°đ„ We've advised in previous dumps to buy 3-5% daily in spot. The altcoin season is nearly upon us. We're likely at the bottom, with little chance of forming a new low. Even if we do, it won't drop more than 5-8%.
100X Trades: What's Next? đ€ We've held back on trades today due to market uncertainty. We don't want one bad trade to wipe out our gains. Our team is waiting for a clear market direction, and once it's stable, we'll share new trades.
đšđ„ US Producers Price Index Data Released đđš
âą PPI Inflation fall to 2.2 below expectation of 2.3. âą Core PPI inflation fall to 2.4 below expectation 2.7.
âïž Positive news for Stock & Cryptocurrency $BTC Markets đ
A fall in both Producer Price Index (PPI) and Core PPI is generally seen as positive news for stock markets & $BTC . Here's why:
1. Lower Inflation Pressure đ°: A decrease in PPI and Core PPI indicates that inflationary pressures are easing. This can lead to lower costs for businesses, which might improve profit margins and overall earnings.
2. Monetary Policy Implications đ„: Lower inflation can reduce the likelihood of central banks raising interest rates. If markets expect the central bank to maintain or even cut interest rates due to easing inflation, it typically supports higher stock prices as borrowing costs remain lower.
3. Economic Growth đ: Lower inflation without a corresponding drop in demand may suggest that the economy is in a "Goldilocks" situation â growing steadily without overheating. This environment is often favorable for stocks.
Today, we witnessed a significant crash in Bitcoinâs dominance, but the good news is that altcoins havenât been severely impacted. Right now, BTCâs dominance is playing a major role in shaping market trends, and weâre hopeful that weâll see the start of alt season as early as August. đ„
đŻ $BTC Prediction on Track!
Just as we predicted in July, Bitcoin is on course to drop to the $41K - $44K range. This move is entirely possible, and weâve already guided you to the $50K levels. If we sense a further drop coming, weâll update you immediately.
â ïž Market Risk Alert: Focus on $BTC Only!
The market is extremely risky right now, so weâre sticking to BTC trades only to protect you from potential losses. The chances of stop-losses being hit are high, so weâre keeping things tight with copytrading. Today, weâve executed copytrades, and as always, your trades open automatically with ours, ensuring you donât miss out. Weâll continue doing this daily.
đ° Altcoins: Stealth Buying Strategy! âïž
Keep buying altcoins in the dumps, little by little, every day. In the next two months, youâll likely be enjoying substantial gains. Weâve already shared the top coins for the next bull run, so keep buying those dips at your discretion. For now, let Bitcoin dropâdonât start buying until it hits $50K. #BinanceTournament #MarketDownturn #WBTCUnderScrutiny #CryptoMarketMoves #BTCâ