#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
Hong Kong has announced that the Stablecoin Ordinance has come into effect and is currently processing license applications. The regulatory framework for #virtual asset trading, custody, advisory, and management services will be submitted to the Legislative Council this year. Automatic exchange of cross-border tax information is expected to commence in 2028. ❤️
Arthur Hayes says global dollar liquidity has contracted by roughly $300B in recent weeks. The main driver was a nearly $200B increase in the U.S. Treasury General Account (TGA). Funds were stockpiled to cover potential government shutdown spending, effectively pulling cash out of active circulation. Against this backdrop, Bitcoin’s weakness is a natural response to tightening dollar liquidity rather than a surprise move. #crypto
JUST IN: 🇺🇸 President Trump says he passed on appointing Kevin Hassett as Fed Chair because he "didn't want to let him go" from his administration. “Kevin is indescribably good.”
President Trump stated he chose not to appoint Kevin Hassett as Fed Chair because he "didn't want to let him go" from his administration. He described Hassett as "indescribably good."
↘️The #crypto market is down today. $BTC fell 6.5% to $82,389, and $ETH is down 7.9% to $2,721. Bitcoin’s dip below the $83,500 level could lead to a retest of the November low around $80,000. #crypto
JUST IN: 🟠 #Binance says it will convert the SAFU fund’s roughly $1B in stablecoin reserves into Bitcoin, with the process set to complete within the next 30 days. The SAFU fund will be regularly rebalanced. If $BTC price moves push its value below $800M, #Binance says it will top it back up to $1B. #crypto