#Bitcoin is breaking the level I mentioned yesterday.
If we get a daily close below it, I’ll consider a short toward the 75k area. This would also work as a hedge against the #Ethereum long I shared with you.
$TNSR gave a breakout of the falling wedge #pattern and tapped into the resistance area exactly. Price rejected it and now made a new lower low, reached the support zone too. Once the price breaks the area, you can build a short position and go long only after the rejection in HTF. #crypto
WLFI gave a shot below the support zone and started moved sideways. The fresh consolidation indicated a strong #move can come either side, most probably to the downside. Attempt to build position with risk management and hold the trade. #crypto
📊 #BTC Head of Digital Assets Division at BlackRock stated that BTC's fundamental indicators remain strong. However, excessive speculation, particularly on leveraged derivative #trading platforms, introduces instability that threatens the asset's role as a serious portfolio hedging tool. While BTC’s long-term value as a "global, scarce, decentralized monetary asset" remains intact, its short-term behavior increasingly resembles a "NASDAQ with leverage," which could deter conservative investors from entering this market segment. #crypto
❓ $39K $BTC NEXT? CryptoQuant shows Bitcoin’s ultimate bear market bottom sits near $55K, its realized price. In past cycles, $BTC even fell 24,30% below this level, implying a potential drop toward $39K. #crypto
Sell-side pressure has been absorbed within the $60K-$72K band that defined much of H1 2024 📊. This repeated defense suggests emerging conviction among buyers willing to accumulate in this corridor 💰. In a constructive scenario, sustained absorption could mirror prior strong accumulation phases laying foundation for the next advance 📈. However, durability depends on intensity and persistence of demand ⚠️. How aggressively buyers step in across $60K-$72K will determine if the market stabilizes range-bound or weakening absorption opens the door to deeper downside 📉🔴. #crypto
OG WHALE, GARRETT JIN, is dumping his #crypto ahead of Trump’s speech today. He just dumped $350 million worth of $BTC and $545 million worth of $ETH. What is going on? #crypto
$ENS is rebounding from the support trendline of the descending channel, with the Ichimoku Cloud acting as a resistance barrier. A decisive breakout above both the channel and the cloud would confirm #bullish momentum. #crypto
🐳 A mysterious whale is switching from $ETH to gold. Over the past 4 days, he bridged 9,180 $ETH ($18.6M) through $NEAR Intents and swapped 9,156 $ETH ($18.54M) for 3,734 $PAXG ($18.54M). #crypto