WHY DOES BITCOIN PRICE MOVE ONLY BECAUSE OF THE CHART?
I see a lot of traders who forget that price movement is the result of daily news happening in the crypto world. From regulations to the DeFi trend, everything can make Bitcoin jump or dip within hours.
So in this article, they highlight daily trends that directly affect price. It’s not just about support and resistance, but also how the market responds to that news. You need to realize that sometimes market sentiment is more important than technical indicators.
That’s why, before you enter, check what headlines are currently hot. Don’t short in the middle of bullish news, or go long when FUD is really strong. $BTC
JUST IN: 🇺🇸 Senator Cynthia Lummis says if the U.S. purchased more than 5% of the total BTC supply, "it could actually erase" the $39 trillion in national debt 🤯 $BTC
CBOE IS LAUNCHING PERPETUAL FUTURES FOR BTC AND ETH, YO.
I just read the news that Cboe is seriously considering converting their continuous futures into perpetual futures. This is a major move from a traditional exchange that usually plays with standard futures contracts.
Regulations in the US are getting looser for crypto, and competitors like Coinbase and Kalshi are starting to expand. Cboe doesn’t want to fall behind, which is why they’re ready to revise their products to compete more aggressively.
For you traders, this means liquidity is going to get deeper and spreads tighter. But get your mindset ready for funding rates that can fluctuate, because perpetuals have a different position maintenance cost mechanism than standard futures.
I SEE A LOT OF PEOPLE PANICKING WITH THE PREDICTION OF BTC DROPPING BELOW $38K, BUT WHALE DATA SAYS OTHERWISE
There are analysts giving strong warnings about the potential crash of Bitcoin below $38K. But funny enough, on the flip side, whale activity isn't supporting that bearish scenario.
This isn't just about whose opinion is cooler; it's about the direction of capital flow in the market. If whales are still accumulating, usually long-term prices have strong support.
This means you need to be sharp in reading which is short-term sentiment and which is on-chain data. Don't get caught up in panic selling just because one analyst says there's going to be a crash.
In my opinion, moments like this are actually interesting to anticipate. Not to FOMO, but to prepare a strategy in case the scenario actually happens.
Save this post for later, and just admit it: are you on the side that believes in that bearish analyst, or are you with the team watching whale activity? Let us know in the comments. $BTC
ADA BUY WALL OF HUNDREDS OF MILLIONS OF DOLLARS BELOW CURRENT BITCOIN PRICE, BUT I'M NOT SURE IF IT'S ENOUGH TO HOLD OFF A CRASH.
Bitcoin just hit $60K, and that's where you'll find a buy wall of $525 million coming in strong. But this isn't just any ordinary buy wall — this zone also intersects with a massive liquidation area between $60,500 and $65,000.
This means that if the price holds at $60K, you could see some aggressive bouncing. But if that buy wall breaks, get ready because a liquidation avalanche could send prices plummeting further. For traders, this level is a critical lifeline to keep an eye on.
#virtual right now we're in a weak bearish condition. On the 4H chart, the structure is still making lower highs and lower lows, meaning sellers are still in control. The price is currently close to a small support area around 0.58, but below that, there's a large demand zone at 0.54–0.56 (big gray zone).
So the current position is quite risky: if that small support breaks, there's a good chance the price will drop to the main demand area to find strong buyers. It's like someone going down stairs, not finding a floor to bounce back up.
On the 1H chart, the price just rejected from the supply area of 0.595–0.605 and is still held below the EMA 21/50, so in the short-term, it's tough to see a rise. The Stoch RSI is also starting to drop from the upper area, indicating that the buy momentum is running out. The simple scenario is: if the price can reclaim 0.60 with a strong candle, there’s a chance for a relief bounce to 0.61–0.63.
But if it fails and breaks down below 0.58, the likelihood of continuing down to 0.55 is quite high. The bottom line is, right now it's better for VIRTUAL to wait for a reaction in the demand area rather than forcing an entry halfway through.
Japan's $2.3 Trillion Investment Plan Raises JGB Concerns
The bond strategy warns that Prime Minister Sanae Takaichi's $2.3 trillion investment plan could add fresh pressure to the Japanese government debt market, increasing uncertainty about how it will be funded and whether it can deliver the promised growth, according to Bloomberg.$BTC #ETH