$BTC currently has almost the same liquidity on both sides, roughly $3 billion each. I think it will take out both sides eventually. For now, I expect sideways movement in the coming week.
$BTC has been moving in a symmetrical pattern for a long time. ⚠️
The first leg of the bear market, a -35% drop, is already complete. If the pattern continues to play out, we’ve seen roughly that same -35% move again. It should now bounce back toward the white trendline around $80K. If it manages to hold above this level, we could see a move up to $90K.
However, we should stay prepared for a potential third leg of the bear market afterward.
Binance recorded nearly $0.7B in net inflows over the past 24 hours, according to DeFiLlama’s CEX Transparency data.
Despite recent social FUD about mass withdrawals and account closures (which is fake), the data tells a clear story: 👉No mass exodus 👉Binance remains the preferred platform for 300M+ users worldwide.
The circulating claims are simply not backed by on-chain reality.
USDT dominance looks pretty dangerous right now, to be honest. 🚨
It's getting very close to the levels we saw in the previous bear market. Our only real hope is that it doesn’t make new highs and drops back below 6%, so that we can see a good pump on $BTC .
That said, keep in mind it could still retest the lower support zone before turning back to the upside.
Gaussian channel on the 5-day TF turned RED! Bad sign for $BTC 🚨
I believe we’re in the first leg of the bear market. I was expecting at least an upside move to the middle of the channel, around $105K, like the previous times.
There is a good possibility that we could see $BTC break its 4-year cycle for the first time! The S&P 500, gold, and almost everything else have hit new all-time highs, except Bitcoin. Once gold tops out, I expect a big run in risk-on assets.
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