Sumham
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#PiCoins
#Speed
🚀 Boost Your Pi Mining – Let’s Follow Each Other! 🚀
Dear Pi Pioneers,
Want to speed up your Pi mining? Let’s grow together by connecting and supporting each other! Follow me, and I’ll follow back.
🔹 How to add me:
1️⃣ Open the Pi Network app and go to Profiles.
2️⃣ Enter my username: Sumham in the search bar.
3️⃣ Tap Search, then select Continue.
4️⃣ Finally, hit Add Friend – and we’re connected!
🌟 More connections = Faster mining! Let’s build a strong Pi community. Follow now! 🌟
#Speed
🚀 Boost Your Pi Mining – Let’s Follow Each Other! 🚀
Dear Pi Pioneers,
Want to speed up your Pi mining? Let’s grow together by connecting and supporting each other! Follow me, and I’ll follow back.
🔹 How to add me:
1️⃣ Open the Pi Network app and go to Profiles.
2️⃣ Enter my username: Sumham in the search bar.
3️⃣ Tap Search, then select Continue.
4️⃣ Finally, hit Add Friend – and we’re connected!
🌟 More connections = Faster mining! Let’s build a strong Pi community. Follow now! 🌟
BTCUSDT: The 12-Hour Outlook for a Broken Trend
#btc #MarketCorrection #BitcoinDropMarketImpact $BTC
The current climate for Bitcoin (BTC) is characterized by a "risk-off" contagion that has gripped global markets. After a brutal 24-hour period that saw Bitcoin flash-crash to $60,000, the leading cryptocurrency is currently in a "dead cat bounce" phase, struggling to sustain a recovery above $65,000.
For the next 12 hours, the technical and fundamental indicators suggest that the path of least resistance remains downward
While Bitcoin has clawed back from the $60,000 floor, this recovery lacks the volume profile typically associated with a bottom.
* Failed Support-Turned-Resistance: The previous solid floor at $70,000 has been utterly shattered. In the short term, any rally toward $66,500 – $68,000 is likely to be met with heavy selling pressure from "trapped" longs looking to exit at break-even.
* Bearish Momentum: The MACD on the 4-hour chart remains firmly in negative territory. The RSI, while recovering from extreme oversold conditions (below 20), is now hitting the 40-45 level, which often acts as a ceiling during a primary downtrend.
The market is currently reeling from over $2.6 billion in liquidations over the last 24 hours.
* Fear & Greed Index: The index has plummeted to 5 (Extreme Fear). When sentiment hits single digits, the "buy the dip" crowd is often replaced by "sell the bounce" traders.
* Institutional Outflows: Spot BTC ETFs recorded massive outflows throughout January and early February. Without the "institutional shield" to absorb sell orders, Bitcoin is highly vulnerable to further cascading drops
Bitcoin is currently trading as a high-beta risk asset rather than "digital gold."
* Tech Sector Contagion: A bloodbath in US tech stocks (notably Amazon and Alphabet) is forcing institutional de-risking. As long as the Nasdaq remains under pressure, BTC will struggle to find independent strength.
* Labor Data Jitters: Higher-than-expected jobless claims have raised fears of a cooling economy, prompting investors to flee to the safety of the US Dollar, putting further pressure on the BTC/USDT pair.
The current climate for Bitcoin (BTC) is characterized by a "risk-off" contagion that has gripped global markets. After a brutal 24-hour period that saw Bitcoin flash-crash to $60,000, the leading cryptocurrency is currently in a "dead cat bounce" phase, struggling to sustain a recovery above $65,000.
For the next 12 hours, the technical and fundamental indicators suggest that the path of least resistance remains downward
While Bitcoin has clawed back from the $60,000 floor, this recovery lacks the volume profile typically associated with a bottom.
* Failed Support-Turned-Resistance: The previous solid floor at $70,000 has been utterly shattered. In the short term, any rally toward $66,500 – $68,000 is likely to be met with heavy selling pressure from "trapped" longs looking to exit at break-even.
* Bearish Momentum: The MACD on the 4-hour chart remains firmly in negative territory. The RSI, while recovering from extreme oversold conditions (below 20), is now hitting the 40-45 level, which often acts as a ceiling during a primary downtrend.
The market is currently reeling from over $2.6 billion in liquidations over the last 24 hours.
* Fear & Greed Index: The index has plummeted to 5 (Extreme Fear). When sentiment hits single digits, the "buy the dip" crowd is often replaced by "sell the bounce" traders.
* Institutional Outflows: Spot BTC ETFs recorded massive outflows throughout January and early February. Without the "institutional shield" to absorb sell orders, Bitcoin is highly vulnerable to further cascading drops
Bitcoin is currently trading as a high-beta risk asset rather than "digital gold."
* Tech Sector Contagion: A bloodbath in US tech stocks (notably Amazon and Alphabet) is forcing institutional de-risking. As long as the Nasdaq remains under pressure, BTC will struggle to find independent strength.
* Labor Data Jitters: Higher-than-expected jobless claims have raised fears of a cooling economy, prompting investors to flee to the safety of the US Dollar, putting further pressure on the BTC/USDT pair.
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