Crypto:
33207
Bitcoin:
$92.232
% 2.94
BTC Dominance:
%56.6
% 0.37
Market Cap:
$3.38 T
% 6.02
Fear & Greed:
78 / 100
Bitcoin:
$ 92.232
BTC Dominance:
% 56.6
Market Cap:
$3.38 T

BTC CME Chart Alert: Could Bitcoin Price Drop Below $80,000?

Btc Cme Chart Alert Could Bitcoin Price Drop Below 80000

GAP regions frequently discussed in the Bitcoin CME chart remain one of the closely monitored areas in the market. With each price decline, the probability of filling these regions increases. Currently, the loss of the $92,000 level and daily closures below this level could trigger a decline to the GAP region located at $78,000.

Bitcoin Cme Gap Chart

Negative Pressure and General Market Conditions

The negative pressure on the market continues to persist. Incoming news, albeit minimal, continues to suppress the market downward by hindering opportunities for recovery. During this period:

  • While numerous long positions have been opened in the market, the ratio of short positions remains notably low
  • Given the weak short position entries in the current market situation, the market tends to catch long position holders in reverse positions

Trump Factor and Market Expectations

The general market expectation was that an upward movement would begin with Trump‘s return. Many investors took long positions based on this forecast. However, market makers are choosing to capitalize on this situation by catching the market in reverse positions.

What Should Investors Do?

During such volatile periods, it is crucial to maintain a calm approach without succumbing to emotions. When analyzing market movements, consider the bigger picture rather than focusing on short-term fluctuations. Maintaining proper risk management and avoiding hasty decisions can provide advantages during this period. Remember that the market always presents opportunities.


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