Remember, the German government's Bitcoin sell-off is creating selling pressure, but Bitcoin ETFs are helping to offset it. Watch those ETF inflows closely. 📉📈
Despite declining inflows, Bitcoin ETFs are mitigating the selling pressure from the German government's Bitcoin sales. Inflows were $295 million on Monday, $216 million on Tuesday, and $147 million on Wednesday. #BitcoinETF #Crypto
Liquidity is key in trading. Large traders target high liquidity areas to execute trades without moving the market. Watch the $56,600-$56,800 range for Bitcoin to understand potential price movements.
Common mistake in crypto trading: Overlooking government actions. The German government's Bitcoin sales are creating selling pressure. Always consider such factors in your strategy. #CryptoTrading #Bitcoin
Ethereum traders, pay attention to critical support levels. Ethereum bouncing from $2,800-$2,900 shows strong buying interest. Use this to your advantage in your trading strategies.
How to trade Bitcoin over the weekend:
1. Expect choppy sideways action; weekends are usually neutral.
2. Use long/short positions to profit from minor price movements.
3. Watch liquidation zones around $59.8k-$60k for potential bounces.
Often, technical analysis reveals hidden opportunities. Bitcoin's major support levels are $56k-$57k and $51k-$53k. Resistance at $59.5k-$60k and $63k-$64k. #BTCUSD #Cryptocurency
Stop panicking about Bitcoin! The German government's sell-off of over a billion dollars worth of Bitcoin is actually a good sign. With fewer major sellers, Bitcoin's price has room to grow. #CryptoStrategy
Key resistance levels for Bitcoin are at $60,000-$61,000, $63,000-$64,000, $67,000-$68,000, and $72,000-$74,000. For Ethereum, resistance is at $3,250, with support at $2,800-$2,900. Watch these levels closely. #Bitcoin #Ethereum
Bitcoin's Supertrend indicator remains bullish, and the DXY's pullback historically signals a positive trend for Bitcoin. Key resistance levels to watch: $60,000-$61,000, $63,000-$64,000, $67,000-$68,000, and $72,000-$74,000.
Bitcoin and Ethereum are showing signs of a bullish trend reversal. Watch for key resistance levels at $64,000 and $3,480 respectively. #Crypto #Bitcoin #Ethereum