If you'll see the weekly chart, you might not found anything that indicates that bitcoin is going down, this means that the market trend is still in uptrend for long term, as i told you we might test 64k-66k support soon. it does not mean that the bitcoin uptrend has been over. and also it might pump to 70200$ before taking a correction.
My advice is to avoid looking for any long term plan right now
Bitcoin has breakdown the upward, bitcoin got rejected from the resistance price level near 72k$ and made a flat drop to 69k$ that resulted in the breakdown of the upward trend and made alts bleed and made them down 20% in a single day.
As the Trend has been breakdown the scenarios are changed now the bitcoin might go to test the support of 64k$.
Strategy to make Profit in this type of Market.. Specially leverage traders
Before 2days market $BTC took the correction of 4% and all the Alts coin loss its value to 20%, this always happens and what is more interesting here, bitcoin always get qucik recover and alts remain at there price and it make disappointed to the trader. My Advice to the leverage is that avoid taking leverage trades or only take futures positions in only #Bitcoin and $ETH Ethereum, this trades will be less risky your liquidation will be lower and the profit will be huge. Just simple to technical Analysis of these two crypto (Bitcoin, Ethereum) your t.a will workk perfectly and it will bring you huge gains. I always say to avoid trading alts in future when market is in this such kind of state when all scenarios are bullish and the bitcoin dominance looks bearish. And for the Spot holders $ORDI is still in looking quite bullish and we might see it once again, here Im talking by watching chart, #Rune and ordi are performing super amazing after the bitcoin halving the reason is very simple that they are supporting the bitcoin network and its Eco system and more Coin i forget to mention here that is #STX these three are working on same principle and support bitcoin in solving the problem of making smallest satoshis, These 5 Coins i have mentioned above will be best to trade this month, But keep in mind to do the market research before investing any project Im just providing the information. Introduction of Rune, STX and ORDI and there fundamentals: Ordi: Ordinal theory does not require a sidechain or token aside from Bitcoin, and can be used without any changes to the Bitcoin network. It works right now. Ordinal theory imbues satoshis with numismatic value, allowing them to be collected and traded as curios. Individual satoshis can be inscribed with arbitrary content, creating unique Bitcoin-native digital artifacts that can be held in Bitcoin wallets and transferred using Bitcoin transactions. Inscriptions are as durable, immutable, secure, and decentralized as Bitcoin itself. Other, more unusual use-cases are possible: off-chain colored-coins, public key infrastructure with key rotation, a decentralized replacement for the DNS. For now though, such use-cases are speculative, and exist only in the minds of fringe ordinal theorists. Rune and Stx: Bitcoin Runes are a system built on the Bitcoin network that allows users to create and manage tokens using the UTXO (Unspent Transaction Output) model. The UTXO model is the same mechanism that Bitcoin itself uses for transactions. These tokens can be easily exchanged and differ from other token standards because they don't use the Ordinals protocol. Runes are simpler and more efficient, using part of Bitcoin, like UTXO (Unspent Transaction Output) and OP_RETURN. The STX token is the network's native cryptocurrency, and it's notable for being the first token offering qualified by the U.S. Securities and Exchange Commission (SEC). It's used on Stacks for transaction fees and deploying smart contracts. In addition, it can be "stacked" and earn Bitcoin rewards. What makes Stacks unique? Like other programmable blockchains, Stacks has smart contract functionality, meaning it can be used for dApps and non-fungible tokens (NFTs). The unique thing about Stacks is that it links to Bitcoin and turns the Bitcoin blockchain into a programmable base layer. Most programmable blockchains, such as Ethereum (ETH -0.07%), start from scratch. This means Stacks leverages Bitcoin's high level of security since Stacks' transactions are settled on Bitcoin. Stacks' dApps can also interact with Bitcoin even though it's a separate blockchain. Stacks has several interesting features that make it stand out. Here are a few that are worth mentioning: It uses a consensus mechanism called “proof of transfer” that recycles Bitcoin's proof-of-work system. Proof of transfer makes Stacks highly scalable and decentralized without causing additional environmental impact.It uses microblocks to speed up transaction processing. Stacks is limited to the same block times as Bitcoin, but, by dividing blocks into microblocks, it can reduce processing times from minutes to seconds.It has its own smart contract language called Clarity. An advantage of Clarity over other smart contract languages is that users can set up their own conditions for transactions and aren't limited to preprogrammed conditions. #TopCoinsJune2024 #beyoglu
All of the bullish Scenarios turned into bearish as Bitcoin took a correction below 70k$, Many People are addressing it as crash, I wanted to tell you that these correction are very common we can't name it as crash.
Tia is still in the good phase still consolidating below resistance price level, but over all the market is depend on the action of bitcoin, tia might recover early but i understand these scenarios are often dark.
Checking market Comment down the coin name i'll try to answer all for next 2 hours, $AXS Scenario has been change bullish to bearish after the breakdown off major support also due to the $BTC Price correction.
Spot Bitcoin ETFs’ Inflows Hit $886,750,000 in a Single Day, the Second-Highest Figure on Record
Spot Bitcoin (BTC) exchange-traded funds (ETFs) are on a roll. Data from crypto research platform SoSo Value shows that spot Bitcoin ETFs saw their second-biggest day ever on June 4th with a daily total net inflow of $886.7 million. Its most successful day so far was on March 12th when daily total net inflow hit $1.05 billion. The investment product already has a cumulative total net inflow of $14.85 billion as of June 4th and has only seen positive inflows since May 13th. BlackRock’s iShares Bitcoin Trust (IBIT) has the highest inflow since listing with $17 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $9 billion. ARK 21Shares Bitcoin ETF (ARKB) is third with $3 billion, followed by Bitwise Bitcoin ETF (BITB) and Invesco Galaxy Bitcoin ETF (BTCO) with $2 billion and $317 million, respectively. Spot Bitcoin ETFs have continued to attract investor interest since receiving the green light from the U.S. Securities and Exchange Commission (SEC) in January. New data from Bitcoin brokerage firm River indicates that 12 of the 25 largest US hedge funds now collectively have over $2.6 billion in Bitcoin ETF exposure. Eleven of the 25 Registered Investment Advisors (RIAs) are also invested in the product.
In my previous analysis i told you about gala that it was in sideways trend, and now i think that this trend is going to be breakout soon the target will be at least 0.055$.
The #bitcoin analysis is working perfectly you might have also seen many of the creators are copying my analysis, well it is moving towards upward again, this trend might keep continue till 76k$ to 78k$, lets see whats coming. the 90k$ is still not looking possible for now if it will higher then 78k$ then the maximum expected price will 82k$ not more this.
Well this all are just my point of view, i could be wrong.
Ftm was stuck in struggling in sideways market trend since a very long time period, and break the trend in the month of march and also made a new higher high in the month of march at 1.22$, it is currently trading at 0.8$ it might hit 1.22$ that you can see in the red box, and there are possibilities that the price might go higher above the red box.