LyricBridge5207

LyricBridge5207

On August 5th, Bitcoin dropped below the 50,000 mark, invalidating a previously established channel. Currently, Bitcoin is testing the 57,000 level. If this test is successful, Bitcoin could rise to the 61,000 level, where it may face a minor retest before continuing its upward trajectory. However, the heavy order concentration and liquidations between the 60,000...

LyricBridge5207 Updated 

Bitcoin is currently testing its support level, and the market is watching closely. As long as we stay above the green and yellow lines, we shouldn't see any significant downside pressure. Bullish Scenario: If BTC can maintain its position above the green trend line and subsequently break out of the descending channel, we could witness a substantial rally....

LyricBridge5207

In the 4-hour BONKUSDT chart, there is a clear potential for a Head and Shoulders pattern. BONKUSDT has bounced off the support line at 0.000026083 and is showing an upward movement. If it retraces from the 0.000029495 levels, it could lead to the formation of a Head and Shoulders pattern. In this scenario, a decline towards the area within the purple rectangle...

LyricBridge5207 Updated 

In the 4-hour chart, an emerging but not yet fully confirmed Head and Shoulders pattern is distinctly visible. This technical pattern is often used by traders to predict potential reversals in the market. For the OKX chart, a critical level to watch is 63,480. If the price drops below this level, it could signify a bearish trend, potentially bringing us down to...