Market sentiment and BTC price chart updates || Steem Alliance Community.

Hello Everyone,

Uptrend from $28,000 to $44,500 level was the great movement for entering the BTC into bullsih phase. we face a correction at $40,500 level that indicates significant volatility. It is common for cryptocurrencies especially Bitcoin to experience rapid price fluctuations due to various factors such as market sentiment regulatory news and different FUDS.

Investor perception and market psychology play a crucial role. Positive news or sentiment often drives prices upward, while negative sentiment or fear can trigger sell pressure. Regulatory of US can have a profound impact on cryptocurrency prices.

Despite these fluctuations, many investors see volatility as an opportunity. Traders may take advantage of price swings to generate profits through short term trading strategies and long term investors everytime to get an oppertunity to buy the crypto at minimum price level. If the BTC break the $39750 level then Fear will create the long term investor get out from the btc and get the oppertunity to buy the btc from the lowest price level. so be carefull about 39750 support level.

Many biggest companies are waiting for approval from the SEC to launch a spot Bitcoin ETF, they are accelerating their work as the possibility of approval increases. It looks like the spot Bitcoin ETF ad wars are already starting. It is very important to know the implications of a Bitcoin spot ETF on market dynamics, investor sentiment, and regulatory trends. The crypto market is still relatively young and subject to rapid changes. so any developments in ETF approvals or regulatory shifts could have substantial consequences.

In the below screenshot you can see the BTC market trend. Btc was making a uptrend realy as you can see in the above picture. i have clearly draw the trend lines which is following by btc. BTC was making the symmetrical triangle. the btc break the trianle in the down ways but a great push back happen in the btc and then btc was trading at $43000 level. at the time of making this post. btc again retasting this triangle. i am waiting about this triangle to take a best entry.

Many traders pay close attention on such chart patterns, especially after breakouts or breakdowns, as they can offer potential entry points or signals for future price movements. Bitcoin is retesting the boundaries of this symmetrical triangle, some traders might be observing this pattern for a potential re-entry for the next major move in the price.

Please cast witness vote to @bangla.Witness or set proxy to @rme.

_
Vote @bangla.witness as witness
Set Proxy @rme as proxy

Thanks for giving your precious time to my post.
Follow | Upvote | Share | Comments
Follow me on Instagram.
Instagram

🆃🅷🅰️🅽🅺 🆈🅾️🆄