"Click Here🖱️ and scroll down👇 for the technical, and more behind this trade!!!
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..........✋NFA👍..........
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📈Technical/Fundamental/Target Standpoint⬅️
1.) Rising Mining Difficulty: The recent increase in Bitcoin's mining difficulty poses a significant challenge for miners like BTDR, especially those who are not energy-efficient. This could erode their profit margins.
2.) Declining Financial Performance: The company's projected reduced revenue and negative net income for the past three quarters of 2024 indicate a concerning trend.
3.) Potential Lagging Correction: Given the recent correction in Cleanspark, a similar downward trend for BTDR seems likely, especially considering their similar business models.
🌎Global Market Sentiment⬅️
Bullish Factors:
- Historical Data: The 62% chance likely stems from historical data showing a tendency for positive performance in December.
- Potential Rate Cuts: Market expectations of potential rate cuts by the Fed could boost investor sentiment and drive asset prices higher.
Bearish Factors:
- Economic Uncertainty: The possibility of a recession could negatively impact market sentiment and lead to increased volatility.
- Fed's Tight Monetary Policy: The Fed's ongoing efforts to combat inflation through higher interest rates could put downward pressure on asset prices.
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...🎉🎉🎉Before You Go🎉🎉🎉…
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Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- assetsandcoffee📈☕"
________________________________________________________
________________________________________________________
========================
..........✋NFA👍..........
========================
📈Technical/Fundamental/Target Standpoint⬅️
1.) Rising Mining Difficulty: The recent increase in Bitcoin's mining difficulty poses a significant challenge for miners like BTDR, especially those who are not energy-efficient. This could erode their profit margins.
2.) Declining Financial Performance: The company's projected reduced revenue and negative net income for the past three quarters of 2024 indicate a concerning trend.
3.) Potential Lagging Correction: Given the recent correction in Cleanspark, a similar downward trend for BTDR seems likely, especially considering their similar business models.
🌎Global Market Sentiment⬅️
Bullish Factors:
- Historical Data: The 62% chance likely stems from historical data showing a tendency for positive performance in December.
- Potential Rate Cuts: Market expectations of potential rate cuts by the Fed could boost investor sentiment and drive asset prices higher.
Bearish Factors:
- Economic Uncertainty: The possibility of a recession could negatively impact market sentiment and lead to increased volatility.
- Fed's Tight Monetary Policy: The Fed's ongoing efforts to combat inflation through higher interest rates could put downward pressure on asset prices.
=================================
...🎉🎉🎉Before You Go🎉🎉🎉…
=================================
Leave a like👍 and/or comment💬.
We appreciate and value everyone's feedback!
- assetsandcoffee📈☕"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.