MARKET ALERT! Is It Time to Buy the Dip or Is a Major Correction Coming? 📉 Quick Analysis of the Current Tension in BTC and Altcoins
The cryptocurrency market is at a crucial turning point. After reaching exciting peaks last week, we have seen significant profit-taking that has turned many portfolios red. The question everyone is asking: Is this the dreaded "bear trap" or an irresistible buying opportunity?
The Litmus Test, Bitcoin has been dangerously dancing close to the psychological and technical support of $65,000. This level is not just a number; it is the dividing line that, if broken downwards, could trigger a drop to $60,000 or even $58,000.
The Positive: Buying volume in this range has been steady. The "whales" seem to be quietly accumulating, viewing this pullback as a discount. The Fear and Greed Index remains in "Greed" territory, but has decreased, suggesting that panic is not widespread, but rather a healthy correction.
To Watch: The RSI (Relative Strength Index) on the daily chart is cooling down, which is good for a sustained rally, but it needs to bounce back soon to avoid a larger dump.
The Opportunity: Look for projects that have fallen more than 20-30% from their peaks, but have active development and upcoming events (updates, airdrops). The secret is in the research!
This correction is necessary to "cleanse" the market of traders with too much leverage. Don't try to catch the exact bottom, buy the trend!
Do You Agree? 1. Like 👍 if you think this is just a healthy correction and we are about to see new highs.
2. Follow me for daily analysis, breakout alerts, and tips to help you navigate market volatility.
3. Leave a comment! Tell me which altcoin you think will lead the next rally.
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Circle Expands USDC Supply Again, with Total Issuance Exceeding 10 Billion in a Month
According to Odaily Planet Daily citing Lookonchain data, Circle has just minted 500 million USDC. Thus, in the past month, the cumulative issuance of USDC has surged to an astonishing 10 billion.
This wave of continuous minting actions shows that the market's demand for compliant stablecoins is rapidly heating up. With more institutions entering the market, cross-chain liquidity demands expanding, and the use cases for stablecoins in payments and on-chain settlements continuously growing, Circle's pace of issuance has become increasingly proactive.
The changes in the supply of USDC have always been seen as a key indicator for observing the flow of crypto funds, and this rapid expansion may suggest that the market is welcoming a new round of capital inflow or a recovery in on-chain activity.