🥇 Forecast: $BTC continues to form a descending broadening wedge on the 1D chart. For a new uptrend to begin, the price needs to firmly stay above $71,300.
It's just that I really don't want it to first drop to the lower boundary of the wedge at $54k 😇#Bitcoin #BTC☀
BlackRock's ETF (IBIT) is the absolute leader among all ETFs. Its closest competitor is the JPMorgan Equity Premium Income ETF, which accumulated $20 billion in 985 days (seven times longer than BlackRock).
Following news of rate cuts from the EU and Canada, markets began to seriously consider a more dovish Fed, but their optimism was quickly dampened by U.S. unemployment statistics, which remain low at 4%.
Low unemployment gives Powell a reason not to cut rates, but the most interesting moment will be June 12, when May inflation data will be released on the same day as the Fed meeting.
✅ $BTC almost reached $72k but then returned to its original level.
Market sentiment is bullish, but a trigger is needed for a pump 🕯
Wednesday's news:
✔️ Reuters: BlackRock and market maker Citadel will open a new national stock exchange in Texas
✔️ SEC Chairman Gary Gensler commented on the Ether ETF for the first time: the process of launching trading will take some time and will not be quick 😒
✔️ The balance of BlackRock's Bitcoin ETF exceeded $20 billion
✔️ Bybit has opened a registration page for users from China, despite the exchange's rules prohibiting their service
✔️ Online broker Robinhood has opened TON trading for European clients
✔️ Coinbase introduced a new crypto wallet, Smart Wallet
✔️ Paxos launched a stablecoin, Lift Dollar (USDL), which generates income for holders
✔️ Apple reached an agreement with OpenAI to integrate ChatGPT into iOS
✔️ Fidelity recommended everyone to buy Bitcoin for 1-5% of their investment portfolio 🥇
✔️ Tether warned about phishing emails sent on behalf of the company: hackers hacked one of the email services
✔️ Scammers hacked Microsoft's India Twitter account and sold GameStop cryptocurrency there
🧡#Bitcoin Amid the rise of BTC above $71,000, the net inflow into spot Bitcoin ETFs reached $887 million — the second-largest single-day inflow in BTC ETF history.
⚠️ User accounts on the Binance and OKX exchanges were hacked for millions of dollars, reports popular crypto-journalist Colin Wu.
🪙 An OKX client reported that using artificial intelligence, the attackers created a deepfake, changed passwords and 2FA, and stole $2 million from his account.
⚠️ Another Binance user reported the theft of $1 million from his personal account without any security alerts. It turned out that this happened due to the Aggr Trade Google extension for trading. The attackers intercepted the user's session, using cookies to bypass the password and 2FA. #binance #Hackers #OKX