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🏃♀️ Now the thing to watch is $69100 mid level. If bulls manage to hold the price above, pump is incoming!
The decline will send us back to $67k 🥶
Bitcoin Soars $1.5K in Seconds as US CPI Shows Inflation Slowing
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Rich Dad, Poor Dad author says, “#Bitcoin is the easiest way to become a millionaire.”
You agree with this?
Yes 👍🏻 No 👎🏻
Hedge funds are starting to short #Bitcoin like never before.
But the thing is, they short futures and buy spot. Diamond hands always make a profit. Don’t get manipulated by them. 🔥
Binance Trending Tokens Daily Update (June 11)
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#Crypto Total Market Cap
As was expected we playing sideways under the Major Resistance Zone💁♂️
Current market phase gives us an opportunity to accumulate #altcoins for the final #altseason and still grab some #BTC until it's too late😋
Breakout is expected for late Summer or early Fall🚀
#CryptoEase
👨🏻💻 $BTC UPDATE (Continue)
🔹Bitcoin's price is currently accumulating at its support level.
🔹This accumulation indicates a potential breakdown if the pattern continues.
🔹If Bitcoin breaks down from this support level, the next important support level is $66,500.
🔹Weekly candle also closed in green as we expected
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⛑ OTHERS/BTC UPDATE
This is the chart of crypto market capitalization excluding top 10 coins by mc against Bitcoin. As you can see, Altcoins marketcap has reached an ultimate bottom that was previously reached only a couple of times over the recent years:
- November 2023 (right before the Altcoin Season)
- April 2024 (during the crash)
- June 2024 (now)
This explains why it was quite difficult to earn something on this market over past few months and if you at least didn't lose - it's a good result AND...
Also gives us another hope that things will get better soon for Altcoins since we are approaching a strong support.
#CryptoEase
Binance Market Update (2024-06-09)
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👨🏻💻 $AUDIO / USDT
#AUDIO symmetrical triangle pattern has formed💁♂️
In case of a successful bullish breakout, an upside move between 300% and 400% is projected📈
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👨🏻💻 $BTC UPDATE (Continue)
🔹#BTC is forming a rising wedge, which is a bearish pattern.
🔹If it follows this pattern, we can expect a price drop.
🔹The next immediate support for Bitcoin is at $67,000.
🔹Since it's the weekend, the market will be slow.
🔹Tomorrow is the weekly candle closing, and we can expect the closing to be green.
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👨🏻💻 $BTC UPDATE (Continuous)
🔹Bitcoin faced rejection again at 72,000 and the price dropped.
🔹One reason for this was the unemployment rates coming in higher than expected.
🔹However, there was a benefit as many long positions in the market were liquidated.
🔹Additionally, there has been continuous inflow into ETFs for 19 days, which is a bullish sign.
🔹Bitcoin's next important support is at 67,000. If it breaks this level, the price will drop further.
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A LOT OF TOKENS ARE AT VERY GOOD FIRST ENTRY !
IF YOU DO NOT HOLD YET, YOU CAN ADD 1ST ENTRY AND DCA IF BITCOIN GOES AROUND 66300
JUP 1.02
MYRO 0.23
TIA 9.6
LINK 16
NEAR 6.7
XCAD 0.813
FTM 0.71
ARB 0.96
AVAX 33.4
OP 2.23
CORE 1.72
APT 8.51
WIF 2.82
Market is declining, and the reason for this is the high unemployment rate.
The effects of this are becoming apparent now.
However, be cautious and avoid engaging in too much futures trading.
Since it's the weekend, the market will likely be slow.
👨🏻💻 $BTC UPDATE
#BTC is trying to break its major resistance area of $72,000 to $73,000.
It has been rejected multiple times from this area, and if it happens again, we could see the price drop back to its important support level of $68,000.
However, ETF volume is increasing, which might help Bitcoin break through this resistance.
https://www.tradingview.com/chart/BTCUSD/Men5wfFB-BTC-TOWARD-80-000/
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The big players hold 4.23 million Bitcoins, which is 27% of all active Bitcoins.
Who they are?
🟡 US Spot ETF = 862k BTC
🔴 Mt. Gox Trustee = 141k BTC
🔵 US Government = 207k BTC
🟠 All Exchanges = 2.3M BTC
🟢 Miners (Exc. Patoshi) = 706k
Binance Market Update (2024-06-12)
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👨🏻💻 $BTC UPDATE (Continue)
- Bitcoin has broken down from a rising wedge pattern and the price is now moving downward.
- BTC has reached its support level at 68,000; if it breaks this, the price could drop below 67,000.
- Altcoins are also dumping significantly, so try to take entries only in strong projects.
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Binance Market Update (2024-06-11)
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UwU Lend Attacker Converts Stolen Funds Into ETH
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Binance Market Update (2024-06-10)
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Binance Trending Tokens Daily Update (June 10)
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💰 #BNB won the Race among Majors Layer 1 Coins and printed a new all time high🏆
💰 #ETH & 💰 #SOL are the next ones to flip ATH📈
👨🏻💻 $KNC / USDT
#KNC Network Crystal has bounced off the weekly support zone
This bounce sets up a move towards the top of the channel and a breakout📈
The target price for this potential breakout is $2.00🎯
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👨🏻💻 $FIL / USDT
#FIL has cleared the first resistance level👀
Currently testing the second resistance🔍
If breakout is successful, $FIL is believed to reach $11.8🎯
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📰💰Bitcoin ETF Activity on June 7:
- 📈 On June 7, Bitcoin spot ETFs had a total net inflow of $131 million.
- 📉 Grayscale's ETF GBTC saw a single-day outflow of $36.34 million.
- 💰 BlackRock's ETF IBIT had a single-day inflow of $168 million.
- 🪙 The total net asset value of Bitcoin spot ETFs is now $61.1 billion.
📢In the past 24 hours; 148,881 traders were liquidated.
🟠The total liquidations comes in at $416.80 million
🟠The largest single liquidation order happened on OKX - ETH-USD-SWAP value $5.20M
Flash: $300 million liquidated from the cryptocurrency market in the past 60 minutes.
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👨🏻💻 $SHIB
#SHIB had a quick dip below the support line to trigger stop losses, but is now showing a strong upward movement👀
We'll have to wait and see if the price can break through the descending resistance, as the next move will be decided by a break of the triangle pattern📈
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Binance Market Update (2024-06-07)
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