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Introduction: A Textbook Pump-and-Dump or Just Growing Pains? Few things capture trader attention like a token making a vertical move within hours of launch. BOMBUSDT, also known as Bombie Crypto, did exactly that — its initial pump lit up the charts. But in a brutal reversal, prices have since been on a steep and steady decline. In this article, we’ll take a technical deep dive into the 2-hour BOMBUSDT chart, examining the sharp breakdown in structure and what it tells us about the near-term fate of this volatile token. Stage 1: The Euphoria Candle Looking at the chart, BOMBUSDT's debut included a massive bullish candle — a hallmark of either smart money front-running public interest or coordinated early buys. This vertical movement created the illusion of strength and sucked in momentum traders. But that candle quickly became a liquidity trap, as late buyers bought into the hype only to see the price begin a relentless march downward. Stage 2: Distribution and Failure to Hold Support After the initial high, BOMBUSDT formed a range where prices fluctuated between 0.0020000 and 0.0015000, but this consolidation turned out to be a distribution phase. Smart money likely exited positions during this range before the next leg down. Key technical breakdowns: Bearish Structure: Every attempt at a rally created lower highs, which eventually culminated in a break below 0.0010000 — a psychological and technical support level. No Bullish Retest: Once the breakdown occurred, there was no strong bounce to retest previous levels, showing weak buyer interest. Stage 3: Descending Channel and Price Compression BOMBUSDT entered what resembles a descending channel, slowly bleeding down to its current price of 0.0006682. Each bounce has been weaker, and volume appears to be thinning — a sign that only bottom-fishers or bag-holders are still trading. Technical observations: No Clear Reversal Pattern: There is no sign yet of a double bottom, inverse head and shoulders, or bullish divergence on volume or RSI (if tracked). Compression Without Catalyst: The price is compressing toward a critical zone, but without news, this could break either way. What Traders Should Watch For Volume Surge: A sudden uptick in volume with a strong green candle could indicate accumulation and an attempt at reversal. Breakout Above Lower Highs: A close above the most recent swing high would break the downtrend’s momentum. Time-Based Patterns: If Bombie continues sideways for several sessions, it may set up a longer-term bottom for a potential swing trade. $BOMB

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My Thoughts on what’s happening with $BTC As of 10:28 PM WAT on June 21, 2025, Bitcoin's price is approximately $102,505 USD. Over the past day, it has seen a slight decrease from around $103,444 to $102,505, indicating short-term volatility. Recent trends show Bitcoin trading under resistance levels, with bearish short-term technical indicators like MACD and declining volume. However, over the past year, it has grown significantly from $60,864 to $102,505, suggesting a strong long-term upward trend driven by institutional interest. Factors include strong institutional accumulation, with ETF inflows and corporate buys supporting demand. Global liquidity surges and FOMC decisions are also at play, though leverage risks and network metrics showing late-cycle divergence add complexity to the market outlook. This note provides a comprehensive overview of Bitcoin's current price, recent market movements, and the relevant factors influencing its performance as of 10:28 PM WAT on Saturday, June 21, 2025. The analysis is grounded in reliable price data and supplemented by insights from recent market discussions on X, ensuring a thorough understanding for both novice and experienced investors. Bitcoin's current price stands at $102,505.00 USD, based on the most trusted available data. This price reflects a slight daily decline from earlier in the day, when it was around $103,444, indicating short-term volatility. Over the past month, Bitcoin has seen a decrease from $107,217 on May 24, 2025, to $102,507 on June 21, 2025, suggesting a downward trend in the recent period. However, over the past year, it has shown significant growth, rising from $60,864 in June 2024 to $102,507 in June 2025. Over five years, the price has increased from $28,837 in 2020 to $102,507 in 2025, highlighting its long-term upward trajectory. The daily price data reveals fluctuations, with Bitcoin starting at approximately $103,444 on June 20, 2025, and ending at $102,505 on June 21, 2025, a decrease of about $939. This short-term movement aligns with observations from X discussions, where traders noted Bitcoin trading under the Value Area High (VAH) resistance at $108,600 and being rejected at a leverage liquidation zone around $111,900. Technical indicators, such as the Moving Average Convergence Divergence (MACD) being bearish and declining volume and open interest, suggest caution in the short term. Despite this, the macro setup remains constructive, with institutional actions providing a counterbalance to these dips. Over the longer term, the yearly and five-year growth indicates robust demand, particularly from institutional investors. The monthly structure holding at $104,500, as mentioned in X posts, suggests a potential support level, but trading below $105,300 is seen as a sign of weakness, adding to the complexity of short-term predictions. Several factors are currently influencing Bitcoin's market dynamics, as evidenced by recent X discussions and market data: - Institutional Accumulation and ETF Inflows: Multiple X posts highlight significant institutional buying, with mentions of ETF inflows shattering records and corporate entities like MicroStrategy accumulating Bitcoin. This steady, regulated buy pressure is seen as a key driver, with one post noting institutions absorbing supply below 15 million coins, emphasizing demand as the new king in price action. - Global Liquidity and Macroeconomic Conditions: X posts indicate that Bitcoin's rallies have followed global liquidity surges, with recent highs mirroring record M2 expansion. The Federal Open Market Committee (FOMC) decisions are also noted as a pressure point, potentially affecting market sentiment and liquidity availability. - Technical and Network Metrics: While the macro outlook is bullish, short-term technicals flash caution. Posts mention ebbing volume, open interest, and core network metrics like capital inflow and realized profit rolling over, which are classic signs of late-cycle divergence. Active addresses are not keeping pace, adding to the cautious outlook despite strong institutional support. - Social Sentiment and Market Leverage: Social chatter on X is dominated by "supercycle" talk and new DeFi integrations, fueling bullish sentiment. However, there is also wariness among traders, with mentions of leverage risks and liquidity edging both sides, suggesting potential volatility. One post specifically noted Bitcoin sitting on top of Monthly and Weekly Opens with FOMC pressure, highlighting the delicate balance of these factors. - Regulatory and External Influences: External events, such as U.S. President Donald Trump's statements, have been cited as causing market downturns, with one post linking a recent dip to geopolitical tensions. This underscores the impact of regulatory and macroeconomic news on Bitcoin's price. Closing Thoughts: Bitcoin's price at $102,505.00 USD as of 10:28 PM WAT on June 21, 2025, reflects a complex interplay of short-term volatility and long-term growth drivers. While institutional accumulation and global liquidity surges support a bullish macro outlook, short-term technicals and network metrics suggest caution. Regulatory news and FOMC decisions add further layers of influence, with leverage risks contributing to potential market swings. Investors should consider both the robust demand and the nuanced short-term indicators when assessing Bitcoin's trajectory.

The #Altcoin portfolio is down a lot, as you know. However, one of my portfolio projects is doing great compared to the others, $SEI. Portfolio allocation is quickly growing, which opens up the opportunities to rebalance the portfolio again. A great first sign of the markets.