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Bitcoin (BTC) has recently approached its all-time highs (ATH), facing significant selling pressure at this level. Despite this, the most recent wave remains bullish, and positive macroeconomic news like the potential approval of spot ETFs and encouraging CPI data suggest continued capital inflow into BTC in the near future. Currently, the price is consolidating sideways and approaching the trendline as illustrated on the chart. To ensure the safest possible entry for a long position, we need to wait for further confirmation. Key Points: ATH Resistance: BTC is facing strong resistance at its ATH, indicating a potential struggle to break through this level. Bullish Momentum: The recent price action remains bullish, suggesting underlying strength in the market. Positive Fundamentals: Favorable macroeconomic factors like potential spot ETFs and positive CPI data could fuel further BTC demand. Trendline Support: The price is currently consolidating near a key trendline, which could act as support for a potential upward move. Trading Strategy: Wait for Confirmation: Avoid entering a long position prematurely. Wait for a clear breakout above the ATH or a confirmed bullish reversal pattern (like a double bottom or inverse head and shoulders). Set Entry: Once the bullish continuation is confirmed, consider entering a long position with appropriate risk management (stop-loss and take-profit levels). Monitor Price Action: Keep a close eye on the price action for any signs of a trend change or reversal. Additional Considerations: Technical Indicators: Utilize additional technical indicators (RSI, MACD, etc.) to confirm the bullish bias and increase the probability of a successful trade. News and Sentiment: Stay informed about the latest news and market sentiment surrounding Bitcoin and the broader cryptocurrency market. Risk Management: Always prioritize risk management and avoid risking more than you can afford to lose. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial professional before making any investment decisions.

ETH approach trendline D1 Waiting for react with trendline D1. If good, uptrend will start here.

Support zone is getting stronger, we can continue DCA at this time. I will pay more attention to altcoins right now as they are also in their support zones on the larger timeframes APE, ARB, ADA, DOT, MATIC PIXEL, SATS

SUI is a relatively new Layer 1 blockchain, having been launched in September 2023. Despite its newness, SUI has experienced impressive growth and reached an all-time high of $2.17 in March 2024. SUI is currently available for staking on crypto exchanges like Binance, LBank, 4E, BYDFi, and OKX, allowing users to earn rewards for holding SUI. The team behind SUI is Mysten Labs, a company founded by former Facebook and Diem engineers. Mysten Labs has extensive experience in blockchain development and is highly regarded in the industry. SUI uses Move, a programming language designed to create secure and efficient decentralized applications (dApps). SUI has the potential to become the platform for many dApps in the future, including blockchain games, decentralized exchanges (DEXs), and decentralized finance (DeFi) applications. SUI's market capitalization is currently $2.3 billion, ranking 48th in overall market cap and 52nd in 24-hour trading volume. Mark believes SUI has the potential to reach a market cap of $30 billion.

BTC approach trendline in 2H timeframe above. Touch Supply Zone Fibonacci 0.618 - 0.786 No signal to reversal to uptrend.

Bitcoin need a strong demand Always diversify your investments to manage risk effectively. By spreading your capital across different asset classes, sectors, and geographical regions, you can reduce the impact of a poor performance in any single area on your overall portfolio. This approach helps in balancing potential losses with gains elsewhere, ensuring more stable and sustainable growth.

The BTC still lacks buying momentum and needs to find a stronger buying zone. In the current market conditions, it's imperative to exercise prudent capital management. Presently, making new investments does not present a substantial advantage; the potential for high returns seems limited even if prices were to increase further. Given this scenario, it is advisable to wait for more favorable buying opportunities. Targeting lower price zones that offer better long-term prospects might be a more strategic approach. Patience can be a key element in capitalizing on investments, especially when the market does not favor immediate entry. Let's focus on preserving capital and waiting for stronger signals that yield higher profit margins.

BTC still bearish Effective risk management is crucial for success in trading. It not only helps in protecting assets but also optimizes the performance of trading strategies. The difference between seasoned traders and novices often lies in how they manage risks. Mastering the art of mitigating losses while maximizing gains is essential for long-term profitability in trading markets.

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