Technical Analyst , Crypto-Educator . Post on crypto , Post on Bitcoin and alt coin. Read carefully the instructions given in the post , Do Your Own Research .
https://coinmarketcap.com/community/profile/DayaAkanurkar11/
Bottom is in October? ( In October 4year cycle completed) Read my previous post regarding this .
My 1w Head & Shoulder pattern ๐
๐จ#AscendEX (formerly BitMax): ZachXBT flagged delayed/stuck withdrawals and near-empty hot wallets (missing major liquid assets like ETH, USDT, USDC, SOL) in late June 2026. The exchange then fully ceased operations effective July 1, citing MiCA (no authorization), a failed strategic liquidity deal, and broader financial/operational pressure. Automated withdrawals stopped; everything moved to manual review with no assurances on timing or full amounts.
๐จ#BitMEX: Announced wind-down after 11 years (the perpetual-swap pioneer). Closing September 23, 2026. New registrations are halted; positions will be force-closed in stages. Coincided with a lawsuit alleging an โInsider Trading Deskโ and an engineered server freezes to trigger liquidations.
๐จ#BitMart: Just announced (July 26, 2026) an orderly wind-down after nine years. New registrations/deposits/new orders suspended immediately; all trading ends August 26; platform operations cease January 31, 2027. Withdrawals remain open (for now) with extra compliance reviews. The BMX token crashed ~58-60%. Global CEO said he was terminated and not consulted on the decision.
Last cycle it was #FTX (plus a string of others). This cycle itโs a cluster of mid-tier and legacy platforms quietly (or not-so-quietly) exiting under liquidity, regulatory (especially MiCA), and โmarket environmentโ pressure.
โ Whether this exact moment is the bottom is the classic bottom-callerโs gamble. These failures are classic late-bear / early-recovery signals (capitulation of the fringe + forced deleveraging). They remove leverage and weak hands, which is how markets heal. โ But price confirmation still requires the usual suspects: sustained ETF inflows turning positive, long-term holder behavior shifting, and macro not delivering another leg down.
๐CURRENT STATE - $BTC is trading around $62,000โ$63,000 after a decent relief bounce from the recent $59k lows. It's consolidating in a choppy range and hasn't broken out convincingly.
๐65k AS A LOCAL RESISTANCE โ yes, that's a key level right now. It's sitting near short-term moving averages, previous swing highs, and a zone where sellers have defended multiple times recently. A clean daily/weekly close above it would open the door to I mentioned 70kโ81k targets (and potentially invalidate some of the near-term bearish structure).
๐MY SCENARIO V/S WHAT COULD HAPPEN - My call makes tactical sense in a bearish context :Liquidity grab at 65kโ66k โ Common in ranging markets. Price often sweeps highs to take out stops/liquidity before reversing. Rejection and dump toward 52k (this month), then 45kโ40k next month โ This would extend the H&S downside we discussed earlier ( See my previous post $BTC head & shoulder pattern) and align with my bigger cycle bottom thesis.
โ SHORT TERM POSSIBILITIES- (next few days/this month):
๐ดMY BEAR CASE (rejection at 65kโ66k): Very live if volume stays weak on the upside and we see selling pressure near that resistance. A failure there could indeed accelerate back toward $58kโ$55k first, with 52k as a measured target if momentum builds to the downside.
๐ข BULLISH CASE: Strong ETF inflows, positive macro news, or short covering could push through 65k and target 68kโ70k+. July has historically shown green tendencies after weak prior months in some cycles.
โ My Conclusion - The market is still in "prove it" mode below 65k. My over all view- continue bear pressure with a liquidity sweep higher before the next leg down is a classic bear trap / distribution setup that fits the overall post-ATH correction phase.
#BITCOIN $BTC #INDIA Recently a report is circulating regarding #crypto ban (?) in India , But I said before that "Crypto is neither fully regulated nor banned in India right now." ๐It is taxed and subject to some AML rules) . Don't worry , we had an experience of 2017 that time RBI was banned from crypto at that time #Wazirx launched P2P and still working.
๐กI oppose the word BAN spoken by many influencers. It creates unnecessary FUD when no such law exists today. At the same time, the RBIโs influence is real, the parliamentary committee is active, and the policy direction could tighten in the future (especially around banking access and stablecoins).
"While the RBI has consistently opposed crypto and recently reiterated its preference for keeping it outside the formal financial system, no ban has been enacted by the government or Parliament." we don't have any official & authentic sources like the Indian government or RBI etc or any law passed in the parliament . Indian Parliament appointed a Committee and work is ongoing that's it , RBI always opposes crypto , never never positive .
โ This is RBIโs recommendation/input to the government/parliamentary panel, not a government decision or enacted law. โ India still taxes crypto gains at 30% + 1% TDS and has brought VASPs under PMLA (AML rules) since 2023. โ So itโs in a grey area โ taxed and partially monitored, but not fully regulated or banned. โ No new legislation has been passed. Previous draft ban bills (2019/2021) were never introduced or passed.
๐CURRENT STATE - $BTC is trading around $62,000โ$63,000 after a decent relief bounce from the recent $59k lows. It's consolidating in a choppy range and hasn't broken out convincingly.
๐65k AS A LOCAL RESISTANCE โ yes, that's a key level right now. It's sitting near short-term moving averages, previous swing highs, and a zone where sellers have defended multiple times recently. A clean daily/weekly close above it would open the door to I mentioned 70kโ81k targets (and potentially invalidate some of the near-term bearish structure).
๐MY SCENARIO V/S WHAT COULD HAPPEN - My call makes tactical sense in a bearish context :Liquidity grab at 65kโ66k โ Common in ranging markets. Price often sweeps highs to take out stops/liquidity before reversing. Rejection and dump toward 52k (this month), then 45kโ40k next month โ This would extend the H&S downside we discussed earlier ( See my previous post $BTC head & shoulder pattern) and align with my bigger cycle bottom thesis.
โ SHORT TERM POSSIBILITIES- (next few days/this month):
๐ดMY BEAR CASE (rejection at 65kโ66k): Very live if volume stays weak on the upside and we see selling pressure near that resistance. A failure there could indeed accelerate back toward $58kโ$55k first, with 52k as a measured target if momentum builds to the downside.
๐ข BULLISH CASE: Strong ETF inflows, positive macro news, or short covering could push through 65k and target 68kโ70k+. July has historically shown green tendencies after weak prior months in some cycles.
โ My Conclusion - The market is still in "prove it" mode below 65k. My over all view- continue bear pressure with a liquidity sweep higher before the next leg down is a classic bear trap / distribution setup that fits the overall post-ATH correction phase.
๐CURRENT STATE - $BTC is trading around $62,000โ$63,000 after a decent relief bounce from the recent $59k lows. It's consolidating in a choppy range and hasn't broken out convincingly.
๐65k AS A LOCAL RESISTANCE โ yes, that's a key level right now. It's sitting near short-term moving averages, previous swing highs, and a zone where sellers have defended multiple times recently. A clean daily/weekly close above it would open the door to I mentioned 70kโ81k targets (and potentially invalidate some of the near-term bearish structure).
๐MY SCENARIO V/S WHAT COULD HAPPEN - My call makes tactical sense in a bearish context :Liquidity grab at 65kโ66k โ Common in ranging markets. Price often sweeps highs to take out stops/liquidity before reversing. Rejection and dump toward 52k (this month), then 45kโ40k next month โ This would extend the H&S downside we discussed earlier ( See my previous post $BTC head & shoulder pattern) and align with my bigger cycle bottom thesis.
โ SHORT TERM POSSIBILITIES- (next few days/this month):
๐ดMY BEAR CASE (rejection at 65kโ66k): Very live if volume stays weak on the upside and we see selling pressure near that resistance. A failure there could indeed accelerate back toward $58kโ$55k first, with 52k as a measured target if momentum builds to the downside.
๐ข BULLISH CASE: Strong ETF inflows, positive macro news, or short covering could push through 65k and target 68kโ70k+. July has historically shown green tendencies after weak prior months in some cycles.
โ My Conclusion - The market is still in "prove it" mode below 65k. My over all view- continue bear pressure with a liquidity sweep higher before the next leg down is a classic bear trap / distribution setup that fits the overall post-ATH correction phase.
๐CURRENT STATE - $BTC is trading around $62,000โ$63,000 after a decent relief bounce from the recent $59k lows. It's consolidating in a choppy range and hasn't broken out convincingly.
๐65k AS A LOCAL RESISTANCE โ yes, that's a key level right now. It's sitting near short-term moving averages, previous swing highs, and a zone where sellers have defended multiple times recently. A clean daily/weekly close above it would open the door to I mentioned 70kโ81k targets (and potentially invalidate some of the near-term bearish structure).
๐MY SCENARIO V/S WHAT COULD HAPPEN - My call makes tactical sense in a bearish context :Liquidity grab at 65kโ66k โ Common in ranging markets. Price often sweeps highs to take out stops/liquidity before reversing. Rejection and dump toward 52k (this month), then 45kโ40k next month โ This would extend the H&S downside we discussed earlier ( See my previous post $BTC head & shoulder pattern) and align with my bigger cycle bottom thesis.
โ SHORT TERM POSSIBILITIES- (next few days/this month):
๐ดMY BEAR CASE (rejection at 65kโ66k): Very live if volume stays weak on the upside and we see selling pressure near that resistance. A failure there could indeed accelerate back toward $58kโ$55k first, with 52k as a measured target if momentum builds to the downside.
๐ข BULLISH CASE: Strong ETF inflows, positive macro news, or short covering could push through 65k and target 68kโ70k+. July has historically shown green tendencies after weak prior months in some cycles.
โ My Conclusion - The market is still in "prove it" mode below 65k. My over all view- continue bear pressure with a liquidity sweep higher before the next leg down is a classic bear trap / distribution setup that fits the overall post-ATH correction phase.
โ $ZEC just gave a clean Short signal on 15m chart ๐โ
$ZEC is hit TP1 โ successfully , now price moves towards the TP2 & TP3, meanwhile every new beginners should move it's TP . know Here the best entry and exit explained ๐