@JacobCryptoBury

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Analysis

137
Correct
35
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76
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BTCUSDT
Short Entry 92,482.0000 2025-11-19 03:00 UTC
Target 60,000.0000 Fail 102,000.0000
Risk/Reward 1 : 3
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis begins with an examination of Internet Computer (ICPUSDT) price action, noting its current value at $5.14 following a correction from a recent peak near $9.00. Market sentiment is characterized by an 'Extreme Fear' reading of 11 on the Fear & Greed Index. For ICPUSDT, a falling wedge pattern is identified on the 30-minute chart, suggesting a potential bullish reversal. Technical targets for a breakout are set at $5.36 (a 4% increase) and $5.44 (a 6% increase), with a support area identified at $4.60. A longer-term accumulation range for ICP is proposed between $2.70 and $4.00, contingent on further downward price movement. The discussion then shifts to Bitcoin (BTCUSD) on a weekly timeframe, with a current price of $93,439.77. A significant bearish indicator is highlighted by Bitcoin's breach of the 50-week moving average. Drawing parallels to previous market cycles, the analysis suggests a potential decline towards $75,000, with a more profound target for accumulation around $60,000. Reclaiming the $102,000 price level is presented as a critical resistance point that, if broken, would invalidate the current bearish outlook for Bitcoin's sustained decline.
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