BITCOIN TECHNICAL ANALYSIS ?

Hello everyone! It’s a new week, and we’re back with our technical analysis of Bitcoin. Let’s dive into what we can expect from BTC this week.?

As we mentioned in our previous update, the price action wasn’t strong enough to break the $64,500 resistance area, and the price has started falling again. Now, we’re back in the $50K range, and in my opinion, we’ll see this choppy market between $50K and $65K until the 2024 U.S. Presidential election.??

For now, we expect this range-bound action, but just to be safe, monitor the $49K level, which was the turning point in the last sudden market crash. The price could dip further to fill the fair value gaps established in the lower time frames before moving up. In these uncertain conditions, the market can be very volatile, so if you’re into contract trading, it’s probably best to avoid it until the price breaks clearly either upward or downward.?

If the price breaks below $49K, we’ll monitor it as a key support zone. In case of a dip below that level, we may consider the next lower support areas.?

Following proper preventive measures like stop-loss is highly advisable, especially when trading with leverage. Also, keep an eye on the US Stock Market's opening and closing times, as the markets can be highly volatile.

✍️Note: This information is ONLY for educational purposes. WCT never intends to give you any piece of specific trading advice. Past performance is no guarantee of future performance.

Stay safe and keep an eye on the charts!✅

#BTCUSDT #TA #NFA #DYOR

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BITCOIN TECHNICAL ANALYSIS *?***

Hello everyone! It's a new week, and we're back with our technical analysis of Bitcoin. Let’s dive into what we can expect from BTC this week.?

After navigating through some tough market conditions over the past few weeks, it looks like Bitcoin is on the rebound. As mentioned in our last update, BTC hunted liquidity in the $48,900 area, which was a healthy move. Following that, BTC began its upward climb, which has continued to this point.?

Now, BTC is testing a level around $64,500. If Bitcoin can break through this weaker zone, we might see it push towards $69K. This area will be a tough challenge for BTC as it aligns with our chart's Major Supply Zone. However, it’s positive to see a period of consolidation before approaching this zone, which could make it easier for BTC to break through.?

Economic factors and fundamental news have been hitting BTC hard, so it’s crucial to stay vigilant on these fronts. At the same time, don't forget to monitor our key levels, as these will be critical reversal points for BTC. If Bitcoin can continue its upward trend by overcoming these barriers, especially the Major Supply Zone, we might see it gradually reach a top of $75K again. On the flip side, if BTC dips from the current level, we can expect significant support around $56K for now.✔️

Following proper preventive measures like stop-loss is highly advisable, especially when trading with leverage. Also, keep an eye on the US Stock Market's opening and closing times, as the markets can be highly volatile.

✍️Note: This information is ONLY for educational purposes. WCT never intends to give you any piece of specific trading advice. Past performance is no guarantee of future performance.

Stay tuned and trade wisely!

#BTCUSDT #TA #DYOR #NFA

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With over 15 years of expertise in business law, compliance, and regulatory matters within the crypto space, Joe is well-equipped to lead Moby Media into its next phase of growth and innovation.?

Join us in welcoming Joe to the team and learn more about his impressive background hereℹ️

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Formal Announcement: Welcome Joseph Reiben as the New Chief Executive Officer of Moby Media Inc.

Joe Reiben joins Moby Media as CEO, bringing over 15 years of experience in business and regulatory matters to lead the company’s growth.

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