#brc
brc
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2026.6.23 #brc
After a big uptrend on Monday, momentum is lacking, leading to a pullback with a long upper wick on the daily chart. As mentioned in the night session analysis, we are currently in a 1-hour adjustment phase. The 1 and 2-hour adjustments are nearing their end; if we see a sharp drop and a retest, it could be a good entry for long positions. The 12-hour chart remains in a bullish cycle, so there's still an expectation for an upward breakout today. The 4-hour shows neutral oscillation, while the 6 and 8-hour charts indicate a bearish cycle. The lack of consensus suggests continued volatility. Overall, the market remains weak.
Bitcoin: Range-bound oscillation. There's a chance for another push against resistance today, but relying purely on market behavior (without news catalysts) makes a breakout less likely. BTC funding rates have jumped to 7% (a three-week high), boosting bullish confidence; however, the options market shows put/call premiums exceeding 2x, indicating traders are actively seeking downside protection. The coexistence of these factors highlights significant market divergence. In the last 24 hours, there have been liquidations totaling $326 million across the board, affecting both longs and shorts. In summary, focus on low longs as the 1-hour adjustment completes, then look to range trade before entering higher shorts at resistance.
After a big uptrend on Monday, momentum is lacking, leading to a pullback with a long upper wick on the daily chart. As mentioned in the night session analysis, we are currently in a 1-hour adjustment phase. The 1 and 2-hour adjustments are nearing their end; if we see a sharp drop and a retest, it could be a good entry for long positions. The 12-hour chart remains in a bullish cycle, so there's still an expectation for an upward breakout today. The 4-hour shows neutral oscillation, while the 6 and 8-hour charts indicate a bearish cycle. The lack of consensus suggests continued volatility. Overall, the market remains weak.
Bitcoin: Range-bound oscillation. There's a chance for another push against resistance today, but relying purely on market behavior (without news catalysts) makes a breakout less likely. BTC funding rates have jumped to 7% (a three-week high), boosting bullish confidence; however, the options market shows put/call premiums exceeding 2x, indicating traders are actively seeking downside protection. The coexistence of these factors highlights significant market divergence. In the last 24 hours, there have been liquidations totaling $326 million across the board, affecting both longs and shorts. In summary, focus on low longs as the 1-hour adjustment completes, then look to range trade before entering higher shorts at resistance.
-wa
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#btc
It's gonna drop to 64k, then down to 47k. Time to short and buy from the bottom before your wallet goes to zero. Altcoins are gonna tank too; it's just a matter of time.
It's gonna drop to 64k, then down to 47k. Time to short and buy from the bottom before your wallet goes to zero. Altcoins are gonna tank too; it's just a matter of time.
$TAKER Just confirmed a response from the project team after a day: First, the project team encountered development hurdles, so the core submission code hasn’t been updated. Second, the deflation mechanism starts at 4.21, and it’s not deflating to 100 million but to 1 million tokens... When this news dropped, I checked and confirmed it was real. There are many burn mechanisms, including buybacks and burns to boost market value, #brc
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