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Don’t try to buy the bottom on Bitcoin it has a lot of room for down move so trying to catch a knife can end up pretty bad especially if you decide to use leverage 📉
I see many people heavily forcing setups on the upper blue area.

It may work but the move down we saw 2 days ago is still one big move down and we can easily see the second wave.

I’m still waiting for the swing setup but be aware of the possibility that the upper blue area gets broken and we see deeper correction into this wick area just below $9000.

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I see many people suggesting to buy TRX on the pullback fo the big move.

Be cautious about these suggestions because, at this moment, this looks pretty bad, almost as the perfect example of the exit pump.

If weekly close happens to be below 300 sats, this will be one of the worst looking altcoins. A very bearish retest of the previous range and in this case the target will be new lows in the months to come…

Be cautious…

Buying can be an option if we close back in the range but even in that case, it will still be one of the riskier coins to buy.
Looking at the current market situation, for the week ahead we expect to see Bitcoin testing firstly this week low and as the next target $9600.

In general, nothing scary for Bitcoin but it’s currently in correction time and signs are showing us that it will probably continue in the upcoming week.

The short setups we’ll be looking to take will be share in our Premium channel.
A close below support, targets for the week ahead:

1) $9900
2) $9500
$9900 has been reached
While Bitcoin is currently going through correction phase, it’s hash rate is reaching new all time high.
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Setup up on BTC
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Unfazed by $BTC's price swings the number of network addresses holding at least 1 BTC has shown a continuous growth over the years.

The number of "wholecoiner" addresses hit another ATH yesterday, closing the day above 823,000 for the first time 🚀🚀🚀
With Bitcoin below $10500 area, the next target is still $9600.

Tomorrow’s weekly close will be very important. If we get above $10500 we should consider changing directional bias back to long trades.

On the other side, the closure below $10500 should be considered as a bearish sign that will be the trigger for the $9600 target.

The last Sunday we gave 2 targets ($9900 and $9600).

The first one got reached while the second one is still on hold. With the bearish weekly close, that one could be reached as well.
Seems like the resistance is doing its job 📉
2025/07/08 21:10:57
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