I spoke about $BTC a few days ago; the 65,000 and 66,500 levels failed to rise, leading to a correction. Currently, a correction to 60,000 is expected, as I mentioned before, and the market is bearish.
Quick update: $BANK , as we can see after the drop and what happened, has returned to the same areas as before. It is currently in overbought territory with a potential immediate breakout above 0.31000. If the 4-hour close is close, the upward movement could continue above 0.35000. The target is quite far off, possibly 0.41000.
I always saw $BABY but I didn't know it had such powerful uses on Bitcoin vaults, so I decided to talk about it today.
1. Using Genuine Bitcoin as Collateral: TBV allows the use of genuine BTC as collateral without the need for wrapping or transferring it across bridges, thus maintaining the security of the Bitcoin network and reducing the risks associated with intermediaries.
2. Complete Self-Custody: Bitcoin remains under the owner's control within a secure vault and is not handed over to a custodian, central authority, or multi-signature wallet, reducing the risk of hacking or mismanagement.
3. Access to Liquidity Without Selling BTC: Users can deposit Bitcoin as collateral and then borrow assets like USDC and USDT via Aave v4, retaining ownership of their Bitcoin and profiting from any future price increases. 4. Support for Multiple DeFi Applications: TBV isn't limited to lending; the underlying Bitcoin can be used in stablecoins, credit cards, derivatives, insurance, and other financial products across various blockchains.
5. Cryptographic Security Instead of Trust: TBV relies on advanced zero-knowledge proofs and academically reviewed research techniques, allowing for transaction validation without the need to trust intermediaries or custodians.
Whale alert: Bitcoin could drop to $60,000 this week if oil prices rise further, meaning higher inflation. This would harm the US economy overall. Currently, the market is negative, and this has been confirmed. Another correction is expected, but for now, that's all.
After the drop of the past few days, $CLO reached 0.10000 and then rose by approximately 38%. The trade we published a few days ago yielded a good profit so far; it's advisable to take profits.
Within 24 hours of its rise, the $UAI experienced a very rapid 15% correction, which is normal. However, the currency's current stability suggests a potential upward move, though it lacks sufficient liquidity. A correction and recovery are expected in the coming days.
One of the top-performing crypto over the past two days, after a sharp drop today, is $RIF, which has gained 70% from the 0.06200 level we mentioned. Currently, the market is bearish, but it has stabilized and rebounded. We anticipate it will return to 0.1200 and 0.1500 if liquidity returns; otherwise, a correction is possible if this fails.
The market is rising today, but the US markets will be under pressure. Tomorrow, with the US markets closing, we anticipate either a rise or a fall. Altcoins are rising today, even if they are currently trading lower, which indicates the market is currently in a normal state. However, we expect to see a sharp correction in the coming days for some altcoins. There is very significant news coming next week that could change the market's direction from bearish to bullish, but this is not certain.