monetka
@monetka
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The price of Bitcoin had a roller coaster ride yesterday. BTC reached an intraday high of $68,700 before falling to a 24-hour low of $65,853.
The fall came just after The Wall Street Journal published claims that Tether was allegedly indicted by U.S. authorities. Tether, and its CEO quickly denied the report, calling it simply a "repeat of the old FUDa."
Yesterday's market swings show how sensitive the market remains to news and regulatory speculation. Tether, widely used to maintain liquidity and protect against volatility, plays a key role in crypto trading, so any hint of regulatory concerns tends to reverberate through the market.
Trump is in favor of supporting cryptocurrencies, leaning towards easing regulations, while Harris, favors maintaining the current regulatory approach. Many believe that a Trump victory could loosen restrictions, possibly boosting BTC prices.
In the coming days before the election, I would not open orders in either direction, especially with leverage. 0 reply
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APTUSDT:
1D timeframe:
We get a large liquidity withdrawal from the bottom, after which we start working in an upward orderflow, testing our zones of interest and withdrawing liquidity .
We came to a large imbalance, tested it by 50%, got a reaction.
Timeframe 4H:
Possible double top formation, there is a liquidity pool below and imbalance on 1D, IMB formed , we can get a reaction to short.
I am interested to watch aptos long strictly from imbalance below, here I am not ready to pick it up, the asset showed strong growth, we can see what happened to cfx and other coins after that. Basically APT has fulfilled its primary objectives. 3 replies
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