- The post analyzes Bitcoin's failure to break above a descending trendline on the daily chart, suggesting a potential further decline as Tether's dominance (USDT) finds support at an ascending trendline, indicating market caution.
- Bitcoin's price is hovering around $92,000, with key support levels at $80,000 and $70,000, as noted in recent market analyses, aligning with the post's bearish outlook.
- The author has moved to cash, awaiting a better entry point, reflecting a strategy of risk management amid market uncertainty highlighted by recent institutional Bitcoin acquisitions and ETF inflows.
- Bitcoin's price is hovering around $92,000, with key support levels at $80,000 and $70,000, as noted in recent market analyses, aligning with the post's bearish outlook.
- The author has moved to cash, awaiting a better entry point, reflecting a strategy of risk management amid market uncertainty highlighted by recent institutional Bitcoin acquisitions and ETF inflows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.