DISCLAIMER
@rose
🔻No paid group. No asking fund/money from members.
🔻No financial advice here. No services related copy-trading or fund management.
🔻No promotions/advertisement for projects/channels/groups.
🔻No discussion about Religion/Politics.
🔻No cooperation with other admins/influencers/KOLs in this space.
🔻No comment/judge on personal life/ wars/ violence/scandals of others.
#BTC
- Bounced from cluster weekly.
- Rejected at the 5th at trendline resistance.
The more testing, the weaker the resistance would be.
Trump speech recap:
- US to become crypto capital of the world
- To create strategic Bitcoin reserve for US
- To fire Gary Gensler on day 1
- Views stablecoins as pro dollar
- To end Operation Chokepoint 2.0
- To bring Bitcoin mining to the US
Bitcoin hit local top here.
Market is still in consolidation mode, not ready to breakout yet.
Solana price action is what every ETH fanboy wanted with Ethereum ETF
Unfortunately ETH is getting old and Solana now is exactly when ETH was young.
Grayscale sold 9% of their ETH in 2 days.
Logically it should take 2 weeks to see next midterm bottom.
Same as Mt Gox customers actions.
#BTC
TA:
- Price has rejected major trendline at 68k
- Price has lost MA128 daily at 65k
FA & Catalyst:
- Mt Gox released Bitcoin which hold since 2013. Users received Bitcoin and will sell. This is obvious.
A scenario to see capitulation across the board before a real bullrun starts.
There is a chance to see price to touch dower trendline at 50k again.
Both of Futures market + Onchain market are really flourishing in Solana ecosystem
SOL will continue outperforming the rest
ETH is similar to BTC last time at first days ETF trading.
Patiently wait about 7 -10 days to see the bottom.
#EduContent The 5th rule
The 5th rule indicates that when price tends to strike supports/resistances 5 times, Supports/resistances are likely to be broken
Houbi Whales added extra Long 500M$ in BTC, 500M$ in ETH in recent high 68k/3k5.
I think It's Justin Sun. His size now is 1B$ BTC, 1B$ ETH. No info about Liq levels.
It's programmed to their coins BTC ETH to be released at the same time yesterday.
What would you do with thousands percentage profit ?
- Mt Gox officially released bitcoin to their customers holding since 2013.
- Ethereum ETF started trading and Grayscale started dumping their ETHs.
Both created for a red day.
A question is this red day is just beginning for bears or just a beartrap ?