đŽMarket liquidations over the past 24 hours, according to CoinGlass: ~31K traders were liquidated, amounting to ~$67 million â ~45% long positions and ~55% short positions. Friday closed well for Bitcoin. Saturday was calm around 67K. Sunday is likely to be similar. We can expect continued growth next weekđ
There is currently no significant seller reaction around the current resistance level. If we see a solid consolidation, then after breaking 67K, we can confidently expect continued growth towards 72Kâïž
đŁI anticipate a continued upward movement to the key resistance zone, where I will decide on a new scenario for BTC. For now, I am leaning towards seeing a drop from 72K to at least 60K, or in the worst case, to 50K
đŽMarket liquidations over the past 24 hours, according to CoinGlass: ~43K traders were liquidated, amounting to ~$162 million â ~40% long positions and ~60% short positions.
The launch of Ethereum ETFs is set for July 23. ETFs from 21Shares, Fidelity, Franklin Templeton, Invesco, and VanEck have received final regulatory approval.
đŽOn this news, BTC has risen to 67.5K, testing the resistance level. If the launch goes well, we could see continued growth in line with my scenario â towards 70-72K as early as next week.
đŁHowever, itâs important to understand that the marketâs movement will be influenced more by medium- and long-term inflows of funds rather than short-term ones. Therefore, we may not see immediate growth. The scenario of a pullback from 72K downwards is still possible. We will monitor the situation closely.
đŽ Market Liquidations in the Last 24 Hours (CoinGlass): ~51K traders, totaling ~$145M â ~70% long positions and ~30% short positions.
BTC is currently resetting its indicators with no significant price movements. We are around 64K and might see a short-term decline towards the support zone to perform a proper retest before continuing the upward movement towards 67K and then 70K đ.
đŽThere is speculation that the current returns from Mt. Gox might exert pressure on the price. However, 55% of the clients have stated they do not intend to sell their BTC. Therefore, I do not expect a major price dump, but a medium-term decline towards 50K is possible.
đŁFundamental factors, such as significant announcements from figures like Trump in the USA, could have a notable impact on the market. $BTC #Mt_Gox_BTC_Dip #BTCâ
Globally: for the umpteenth time I repeat this phrase: we are following exactly our yesterday's forecast. It's about time to give an answer â and what's next, let's find out.
So, at the moment bitcoin tested the support zone (64000), failed to break it and started an upward movement.
To the moon? Let's not be in a hurry.
I do not exclude the possibility of bitcoin shedding before taking ETH on ether (shave hamsters - get a tasty entry point). So, even with the most optimistic forecast â let's observe risk management.
July 15 injected $300m into BTC ETF. The inflow of assets continues for 7 days in a row.
Investors poured $1.5 billion into the funds during the period.
According to information from đ° Coinbase, U.S. whales, previously inclined to sell, are now buying, according to CryptoQuant.
While there was panic in the market, large hedge funds were buying BTC with confidence and aggressiveness, in particular, purchasing December and March call options targeting the $100-120 thousand price level. $BTC
âŒïž Important: 1. In each trade, use no more than 2-5% of your total deposit. ETC 2. Choose the leverage at your discretion. If you have little trading experience, use no more than x5. #ETC
Globally: It's a very intriguing market situation right now. Let's get into it
Let's start with the banal: the asset is now locked between the support and resistance zones (64000 and 66000). The main thing for us now is to fix at 64000, and then we can talk about growth.
At the moment, I favor the growth more than the spill. Since the market mood is strictly bullish.
đŽMarket Liquidations in the Last 24 Hours (CoinGlass): ~54K traders, totaling ~$170M â ~20% long positions and ~80% short positions.
đŁBTC is holding above 60K, indicating a short-term trend reversal towards the upside đ. A potential bullish pattern could form on the chart, where indicators will reset, and the price will test the 60K level to gauge buyer strength and possibly close the CME gap.
đŽIf everything goes well and the buyer shows strength from the current levels or during a retest of 60K, the uptrend could continue towards 70K to test the critical resistance zone.
If, however, the resistance at 70-72K proves too strong, we might see a decline back to 60K and potentially down to 50K. But itâs too early to make that call. #BTCâ BTC #Bitcoinâ