BTCUSDT : Should Buy or Sell?

BTCUSDT : Should Buy or Sell? Bitcoin / TetherUS BINANCE:BTCUSDT KaKazazy A deeper understanding of market behavior towards Bitcoin indicates a shift in momentum. The focus on speculative trading with this asset has decreased. Current market sentiment is reflected in the technical analysis revealing a "death cross" in Bitcoin’s 12-hour chart, where the EMA 34 and 89 lines are converging, traditionally signaling a potential price drop. However, on the upside, Bitcoin whales have significantly increased their holdings, now owning 25.16% of the total supply. This accumulation suggests that while retail sentiment may be bearish, large-scale investors see the dip as a buying opportunity, potentially setting the stage for future price increases. Remember, it's crucial to trade cautiously and maintain a stable mindset, ensuring to set your take profits (TP) and stop losses (SL) properly!

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