FalconX transfers 413,000 Solana worth $98M – what is the price impact on SOL? - - #cryptocurrency# #bitcoin# #altcoins#

The BTC hourly level wedge has formed a W bottom pattern, and the neck line of the W bottom pattern is at 117256 resistance level. The W-bottom must break and hold above the level of 117256 to take shape; only then can the hourly W-bottom be established. If it cannot break through, it will be an invalid W-bottom. Only by breaking through 117256 can we look at 118500. Look at the trading volume indicated by the yellow arrow below. This breakout above 117256 with volume and price is a real breakout, but there hasn't been an increase in volume to push the price up further, instead, it is showing a decrease in volume and a pullback. You are allowed to pull back and consolidate, but it cannot fall below the position marked by the white box at 116855. If this position is broken, BTC will need to retrace to the lower boundary of the wedge at 115682. Only by staying above 116855 can it move in a volatile upward trend. BTC volume breaks through 117282, chase long on the right side. 117059 volume breaks down, unable to reclaim, chase short on the right side. ( take profit 115585 - stop loss 118133 ). BTC has stabilized above 117235 on the hourly level, looking up at 117923-118500. Only by breaking through 118500 can we see higher levels. On the 4-hour level, 116756 has broken down, looking down towards 115215-114644. As long as it doesn't break 114644, everything is under control. The BTC hourly Fibonacci 1 to 1 upward target position has been given. Does this mean that BTC is about to correct? Not necessarily. As long as BTC can consolidate and oscillate above 117256, there is still a chance to challenge the 1.618 position, provided that it must operate above 117256. The MACD fast and slow lines on the daily chart of BTC have all returned above the zero axis, indicating that the bulls are in control of the market. Do you still want to short mindlessly? Currently, shorting can only benefit from pullbacks and cannot establish a pattern, unless the daily MACD returns below the zero axis again, then you can establish a pattern for shorting. Now shorting is not as profitable as going long on a pullback. Why has BTC not broken below 114700 several times? Isn't it because it doesn't want to drop? If it wanted to drop, this small support would have been broken long ago #美联储降息25个基点#.