#US DOLLAR ANALYSIS
The US dollar is currently moving within a symmetrical triangle pattern. Presently, it is encountering trendline resistance and trading within the Ichimoku cloud, indicating indecision .
A rejection is a potential scenario, while a solid breakout would confirm bullish momentum. It's worth noting that the US dollar typically exhibits an inverse relationship with the crypto market.
👀 BlackRock’s Bitcoin ETF passes 100K $BTC under management
BlackRock has multiplied the iShares Bitcoin Trust’s holdings by more than 3,700% since debuting IBIT in January. 📈
Notably, the ETF has seen combined daily inflows break another record at $631.3 million, indicating robust investor interest in Bitcoin. 📊
US spot Bitcoin ETFs have just hit net inflows of $4bn. Yesterday was the largest net inflows of $651m since the launch day on 11th January
Читать полностью…#TOTAL MARKET CAP ANALYSIS
The total market cap has broken out of the horizontal resistance with decent volume, which will now act as support.
The MACD crossover indicates bullish momentum. A continuation of the bullish move is expected from here or after a successful retest of the horizontal support.
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Читать полностью…#BTC/USDT ANALYSIS
BTC has broken out of the symmetrical triangle pattern with a strong candle close on the weekly timeframe. The MACD crossover indicates bullish momentum, while the RSI is in the overbought region. A retest of the triangle could be a possible scenario before the commencement of another bullish rally.
#BTC DOMINANCE ANALYSIS
BTC.D is moving in a descending triangle on the daily timeframe. Currently, it is near the trendline resistance. The RSI is in the overbought region and forming a bearish divergence.
A rejection could be a possible scenario from the trendline. A drop in BTC.D while BTC moves sideways or shows a bullish sign would be a strong bullish sign for Alts.
#SUPER/USDT ANALYSIS
SUPER break out the ascending triangle with a high volume. The Ichimoku cloud indicates a bullish trend, while the MACD crossover signals bullish momentum. A continuation of this bullish move is anticipated, and a potential retest presents a promising opportunity.
#S&P 500 ANALYSIS
The S&P 500 has continued its bullish momentum following the breakout of both the rising wedge and the horizontal resistance, with the latter now serving as a horizontal support.
The Ichimoku cloud indicates a bullish trend, while the MACD crossover signals bullish momentum. A further bullish move is anticipated as long as it maintains trading above the horizontal support level.
#BTC/USDT ANALYSIS
BTC breaks out the symmetrical triangle with a good volume on the weekly timeframe. MACD crossover has turned bullish. A weekly candle close above the triangle or a successful retest would be the confirmation of the continuation of the bullish move.
#BTC/USDT ANALYSIS
BTC appears to be gaining strength following the breakout of the triangle pattern. There are indications of a bullish continuation in its movement. If a correction occurs, it is likely to retest the triangle pattern.
#CKB/USDT ANALYSIS
CKB has broken through the horizontal resistance with high volume and is poised to breach the trendline resistance. A solid breakout would provide further bullish confirmation, while a retest of the horizontal support presents a favorable opportunity.
#BTC/USDT ANALYSIS
BTC has formed a rising wedge on 2D timeframe. RSI is in the overbought region and displaying bearish divergence. A rejection could be a possible scenario, while a solid breakout would be a bullish continuation sign.
The United States announced that the unseasonally adjusted CPI annual rate in January was 3.1%, which was expected to be 2.90% and the previous value was 3.40%.
Analysts pointed out that inflation appears to be stronger, and a rate cut in March can now be more firmly ruled out. A rate cut in May is even in doubt. The Fed clearly has no urgent need to cut interest rates as soon as possible. The focus on the risk of persistent inflation remains paramount.
#BTC/USDT ANALYSIS
BTC continued its bullish move after breaking out of the triangle, accompanied by increasing volume. The RSI is in the overbought region. With the volume remaining strong, we may witness a continuation of the bullish trend, or a retest of the triangle could be a plausible scenario.
#ALTS MARKET CAP ANALYSIS
The market cap of ALTs is forming an ascending triangle pattern and has sustained its bullish momentum after breaking out of the Ichimoku cloud.
Presently, it is encountering horizontal resistance. A decisive breakout from the ascending triangle would confirm a strong bullish rally in ALTs.
#API3/USDT ANALYSIS
API3 has broken out of the ascending triangle pattern with decent volume. The 21-day moving average (MA 21) indicates a bullish trend, while the MACD crossover suggests bullish momentum. A continuation of the bullish move is anticipated either from this point or following a successful retest of the triangle.
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#Bitcoin Halving: 69 Days Remaining———————————————————
Progress: 95.2%
Current Block: 829,987
Halving Block: 840,000
Blocks Remaining: 10,013
Estimated Date: April, 20, 2024
#BTC/USDT ANALYSIS
BTC is attempting to break out of the horizontal resistance, and there is also a ton of liquidity above the marked high. The MACD crossover is showing bullish momentum.
A solid candle close or a retest above the horizontal resistance would be the confirmation of a bullish continuation, and if the price rejects the horizontal resistance, a correction is also expected.
#LUNC/USDT ANALYSIS
After a strong bullish rally, LUNC broke out of the falling wedge pattern. The 100-day moving average (MA) is acting as support at the retest level. A successful retest above the falling wedge would confirm the continuation of the bullish move.
#USDT DOMINANCE ANALYSIS
USDT.D has broken down from the symmetrical triangle pattern, successfully retesting below it on the weekly timeframe. The Ichimoku cloud indicates a bearish trend, while the MA 200 is serving as support.
A sustained breakdown below the MA 200 would confirm the continuation of the bearish trend. It's essential to note that it behaves inversely to the crypto market.