BTCUSDT 1D
We have a Descending Broadening Wedge pattern on the #BTC daily chart. The daily candle has not yet closed. We hope #BTC finds its support around the $51,000 level. The current situation is similar to the COVID crash in March 2020.
#Bitcoin must hold its support zone around $48,969 to $52,985 in the coming days; otherwise, the situation may worsen. In that case, we could see levels of $44,000 and $38,555.
On the other hand, #BTC has formed a new CME Gap at $62,500 to $59,550. The previous gap ranges were $60,845 to $58,790. Both of these gaps remain unfilled, so we have a double CME Gap acting like a powerful magnet (bullish).
We expect #BTC to consolidate and find support between $48,969 and $52,985, then fill the gap in the coming weeks and reach a new all-time high (ATH).
What has happened in the market in the past 24 hours, and what are the latest news?
1-Japan stocks plunge, leading global market sell-off: In a sell-off that was mirrored in markets throughout Asia, the Nikkei ended the day down a staggering 12.4% – drawing comparisons to the “Black Monday” stock market crash of 1987 Read more
2- The South Korean stocks plunge over 6% on U.S. recession fears Read more
3- India volatility index surges 20% as the market extends fall, global markets slump Read more
4- Bitcoin dominance made a fresh New High
5- US said to believe 🇮🇷Iran could attack 🇮🇱Israel within next 24 to 48 hours Read more
6- Robinhood has suspended its 24-hour trading service. This decision comes as stock markets in Europe and Asia are experiencing significant declines due to fears of a US economic slowdown Read more
7- In the past 24 hours , 307,695 traders were liquidated , the total liquidations comes in at $1.17 billion (biggest since April) Read more
8- Digital Asset Products See 528M in Outflows Amid US Recession Fears Read more
9- Vitalik liquidated 4% of total Meme #Neiro tokens on Ethereum, causing a 60% price drop. Devs were promoting Vitalik the largest holder of Neiro Read more
10- Taiwan's stock market crashes to worst day in 57 years Read more
11- According to Bloomberg, there is a 60% chance of an emergency rate cut from the Fed this week Read more
12- Big Tech Stocks Down in Pre-Market:
- Google
GOOGL -11%
- NVIDIA
NVDA -11%
- Apple
AAPL -10%
- Meta
META -10%
- Tesla
TSLA -10%
- Amazon
AMZN -10%
- Microsoft
MSFT -9%
- MicroStrategy
MSTR and Coinbase 
COIN were down 24% and 18% pre-market.
13- Binance CEO: „Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend Read more
14- 500B plunge: Largest 3-day wipeout for crypto in a year: The crypto market has just witnessed its largest three-day sell-off in 12 months amid weak jobs data in the US and revived fears of a recession. Read more
#Bitcoin must hold its support zone around $48,969 to $52,985 in the coming days; otherwise, the situation may worsen. In that case, we could see levels of $44,000 and $38,555.
On the other hand, #BTC has formed a new CME Gap at $62,500 to $59,550. The previous gap ranges were $60,845 to $58,790. Both of these gaps remain unfilled, so we have a double CME Gap acting like a powerful magnet (bullish).
We expect #BTC to consolidate and find support between $48,969 and $52,985, then fill the gap in the coming weeks and reach a new all-time high (ATH).
What has happened in the market in the past 24 hours, and what are the latest news?
1-Japan stocks plunge, leading global market sell-off: In a sell-off that was mirrored in markets throughout Asia, the Nikkei ended the day down a staggering 12.4% – drawing comparisons to the “Black Monday” stock market crash of 1987 Read more
2- The South Korean stocks plunge over 6% on U.S. recession fears Read more
3- India volatility index surges 20% as the market extends fall, global markets slump Read more
4- Bitcoin dominance made a fresh New High
5- US said to believe 🇮🇷Iran could attack 🇮🇱Israel within next 24 to 48 hours Read more
6- Robinhood has suspended its 24-hour trading service. This decision comes as stock markets in Europe and Asia are experiencing significant declines due to fears of a US economic slowdown Read more
7- In the past 24 hours , 307,695 traders were liquidated , the total liquidations comes in at $1.17 billion (biggest since April) Read more
8- Digital Asset Products See 528M in Outflows Amid US Recession Fears Read more
9- Vitalik liquidated 4% of total Meme #Neiro tokens on Ethereum, causing a 60% price drop. Devs were promoting Vitalik the largest holder of Neiro Read more
10- Taiwan's stock market crashes to worst day in 57 years Read more
11- According to Bloomberg, there is a 60% chance of an emergency rate cut from the Fed this week Read more
12- Big Tech Stocks Down in Pre-Market:
GOOGL -11% - NVIDIA
NVDA -11%- Apple
AAPL -10%- Meta
META -10%- Tesla
TSLA -10%- Amazon
AMZN -10% - Microsoft
MSFT -9% - MicroStrategy
MSTR and Coinbase COIN were down 24% and 18% pre-market.13- Binance CEO: „Recent sharp drops in crypto & equity prices are influenced by macroeconomic factors. We do NOT believe it’s indicative of a long-term negative trend Read more
14- 500B plunge: Largest 3-day wipeout for crypto in a year: The crypto market has just witnessed its largest three-day sell-off in 12 months amid weak jobs data in the US and revived fears of a recession. Read more
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