The bulls have taken another step further back today, allowing the bears to take control.
The total crypto market cap has declined some more by 2.42% to $1.61 trillion over the last 24 hours, and the crypto market’s heatmap now looks like this:

The crypto market’s liquidations have become more severe today, and now affect the bulls mostly.

Traders have lost around $208 million to liquidations over the last 24 hours, with $172.5 million of the total coming from the bulls alone.
Overall, we can conclude that today is bearish and that the bears are in control of the market.
Bitcoin Breaks Below $43,000
Bitcoin has now declined under $43,000 according to the charts, and is on the verge of forming a head and shoulders pattern as shown below;

This presents a case for a Bitcoin decline to $38,500 again, or even lower.
Investors should watch the $40,498 zone for any signs of a breakdown, and then the $38,500 zone.
If a break below these two zones occurs, Bitcoin will inevitably enter a freefall towards $35,700 at least.
Ethereum Threatens A Breakdown
Ethereum trades at around $2,272 at the time of writing and is currently down by 2.6% over the last day.

This 24-hour decline has brought Ethereum into a retest of the ascending trendline shown above, and a possible decline wouldn't be far-fetched by any means.
$2,172 is the zone to watch on Ethereum because a break below would form a lower low against 25 January's bottom and signal a possible decline to anywhere between $2,100 - $2,000 at least.
ORDI Is Back
For some reason, ORDI has woken up once again.
After a mild rejection from $92, the bears pulled ORDI straight down into a retest of the ascending trendline shown below.

ORDI appears to have found support somewhere along $55 and is now attempting a rebound from here.
So far, ORDI is doing well and has even spiked by about 4% over the last day. However, the cryptocurrency has a long road ahead. First, we need to see a break above 15 December's $67.5 resistance to confirm that this formation isn't a head and shoulders pattern as we have seen with Bitcoin.

Secondly, we need to see a break above the cryptocurrency’s ATH of $92, to confirm that the bulls indeed have all the control.
Keep An Eye Out For SATS
According to the charts, SATS may have found some support around $0.00036, and has done a good job at recovering from here, as shown below:

According to the chart above, SATS now has the $0.000535 resistance to contend with and has tested it severally.
Over the next few days, we will either see a break above this resistance and a rally to as high as $0.00061, or a rejection and a retest of $0.00036.
Could This Be It For VITE?
According to the chart below, Vite broke successfully above the $0.01775 resistance in early December last year and has been consolidating ever since above this level.

Vite attempted a rally on 25 December but was rejected from the $0.022 zone. At the time of writing, VITE is trying to initiate a similar rally as shown above and is even up by 5% over the last day.
If the cryptocurrency is successful, we might see a revisit of $0.022 or even higher.
#BTC #ETH #VITE #ORDI #SATS
$1000SATS $VITE $BTC

VITE/USDT Technical Analysis Chart:-

Coin : VITE (Spot)

Entry Point: $0.0240

Targets: $0.0300, $0.0430, $0.0600

Stop Loss: $0.0183

Exchange: Binance

Investment Recommendation:

We recommend investing in VITE (Spot) at the current price level of $0.0240. Our analysis suggests that VITE is a promising investment opportunity with the potential for significant returns.

Targets:

Our initial target for VITE is $0.0300, followed by $0.0430 and $0.0600. These targets represent potential gains of 25%, 79%, and 150% respectively.

Stop Loss:

To manage risk, we recommend setting a stop loss at $0.0183. This will limit potential losses to 24% if the trade goes against our expectations.

Exchange:

We recommend using the Binance exchange for this trade, as it offers a high level of liquidity and security.

Overall, we believe that VITE represents a strong investment opportunity with a favorable risk-reward profile. As always, we encourage investors to do their own research and consult with a financial advisor before making any investment decisions.

#VITE #Launchpad #BTC #GPT-4 #bitcoin

As VITE is one of layer1/2 block chain project which still in low cap, as I had published about WAN, OM, NULS which they had showed the God candle. God Candle is the candle which have amplitude more than 50% in one days.
Only VITE does not show it up yet. Hope on this several days ahead it will show it to me.
VITE is the native coin of the Vite public chain. It is a zero-fee, lightning-fast blockchain designed for the decentralized economy. Here are some key points about VITE:
1. Purpose: VITE serves as the fuel to power up transactions on the Vite chain. Unlike traditional "Gas" on other public chains (e.g., Ethereum), VITE is used to stake for computational and bandwidth resources. Once transactions are complete, VITE can be retained at no cost.
2. Consensus Mechanism: Vite utilizes a Directed Acyclic Graph (DAG) based smart-contract platform with a Snapshot Chain structure. It employs Hierarchical Delegated Proof of Stake (HDPoS) for network consensus, where supernodes receive staking rewards without transaction fees.
3. Compatibility: Vite's virtual machine maintains compatibility with Ethereum Virtual Machine (EVM) and uses an asynchronous smart contract language called Solidity++.
4. Use Cases:
- Token Transactions: VITE is used for simple token transactions and smart-contract executions on the Vite network.
- Voting: VITE can be used to vote for Snapshot Block Producers (supernodes).
- Leasing Quota: VITE stakers with unused transaction quota can lease it to dApps in exchange for their tokens.
5. Products:
- ViteX: A decentralized exchange with on-chain orderbook and matching engine.
- Vite App: A mobile application for trading, asset management, and dApps.
- VitePay: A fast and feeless payment solution.
How do you think about this VITE?
#HotTrends #BitcoinTrends" #VITE