N A W A R A J

#OG is a scarce esports utility coin currently trading near $2.64 it is currently a hold as it stabilizes at key support, with a potential buy signal if it breaks above $2.85.

Get out from it

#bitcoin fell to a low of $103,274 before rebounding slightly to around $105,061, marking a 1.9% drop over 24 hours .

Other major cryptos, such as Ether, XRP, and Solana, dropped approximately 7.1%, 3.7%, and 9% respectively .

The total crypto market capitalization shrank from $3.47 trillion to $3.22 trillion as investors shifted to safer assets .

Meanwhile, gold rose 1.1%, underscoring that during geopolitical turmoil, investors often flee to traditional safe havens rather than crypto .

Notably, major companies like Amazon, Walmart, JPMorgan Chase, Bank of America, and Citigroup are exploring issuance of stablecoins—highlighting increasing institutional interest in digital assets despite short-term volatility .
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While Bitcoin is sometimes referred to as “digital gold,” this pullback raises questions about its role as a safe-haven asset during global uncertainty. That said, continued institutional initiatives suggest long-term confidence in crypto.

Would you like to explore recent price trends, institutional moves, or technical analysis next?
#bitcoin

BTC update

Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly).

According to Elliott's wave theory, Bitcoin is completing wave 4. The main wave 4 structure is most likely a Zigzag Correction(ABC/5-3-5). If Bitcoin breaks the support lines, we can confirm the end of wave 4.

I expect Bitcoin to break down to at least the Support zone($60,000-$59,100) in the coming hours.

Fundamental analysis: On-chain data shows that the number of active Bitcoin addresses has recently dropped sharply. This decrease started in March 2024 and is the biggest drop since 2021. This trend could be a bearish sign for Bitcoin.

⚠️Note: If Bitcoin can break the Resistance zone($62,860-$62,110) and go above $63,460, we should wait for Bitcoin to rise again.

⚠️⚠️Note: Tensions between Iran and Israel can still have an impact on Bitcoin and other assets. If Israel wants to react to Iran's attacks, we should expect a further drop in Bitcoin, so in these days, more than ever, observe capital management.

⚠️What is your idea about Bitcoin, more dump or, pump❗️❓

Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

Bitcoin may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting bitcoin to finish wave (C) with a 1:1 Fibonacci extension level. Also look at previous waves, and waves (B) at this point look like an ABC bearish pattern.

Why is 58K important? We have a major swing low from March 5, 2024, and clearly there is a lot of liquidity and orders from retail traders. The whales need to consistently go for strong liquidity levels, as that's their only chance to buy bitcoin with a large amount of money. What they want to do is buy as much Bitcoin as liquidity allows and then send the price to the moon.

Right now, I really cannot be bullish on Bitcoin, but let me know your opinion in the comment section! I will be very glad. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.

BTC updates.
It’s been a while I didn’t updates any post. This is because I was having wrong predictions from my previous update. Hence, I stopped and keep myself calm. Like long ago I said, I’ll always let myself take a rest after having wrong analysis and predictions.
But I’ll still watching the chart and update myself with the price. Let’s go back to the chart together my friends! BTC had rejected from 71K for the third time, and MACD is also showing bearish signal, that’s why I decided to open a short trade at 70.7K and having 100x leverage.
People who follow for long time would know, I don’t open big leverage as usual. From 8H chart, BTC had already entered bearish momentum. So, 68K will be very important for BTC. If BTC break 68K level, then we might will see 65K, or 60K. So, holding 68K for BTC is very important.
If you’re agreed with me, don’t forget to hit follow button. Thanks for your support and all the best in 2024. Peace and love ❤️