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📉 #Bitcoin❗️ faces slight negative bias after failing to surpass $65,000, dropping post-#Robinhood Crypto's SEC notice. Closure of #CMEGap occurred amid SEC's lawsuit uncertainty. Bulls find solace in setting new highs post-April. $63K test crucial; reversal could form textbook pattern targeting $73K. Swissblock's BFI suggests market bottom; Biyond's Long Vs Short ratio hints at short-term downturn. $60K pivotal for potential final dip. 📉💰

📉 #Bitcoin❗️ faces slight negative bias after failing to surpass $65,000, dropping post-#Robinhood Crypto's SEC notice. Closure of #CMEGap occurred amid SEC's lawsuit uncertainty. Bulls find solace in setting new highs post-April. $63K test crucial; reversal could form textbook pattern targeting $73K. Swissblock's BFI suggests market bottom; Biyond's Long Vs Short ratio hints at short-term downturn. $60K pivotal for potential final dip. 📉💰

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#BiyondDaily - Looking Bullish ⤵️ 1️⃣Bitcoin rises following a worse-than-expected U.S. jobs report, increasing the likelihood of a rate cut. 2️⃣Market sentiment and Bitcoin prices are influenced by movements in the bond market, particularly the dip in the 10-year bond. 3️⃣The SEC announces a delay in its decision on the proposed 7RCC Spot Bitcoin and Carbon Credit Futures ETF until June 2024. 4️⃣Considering the recent developments, it may be a good time to consider buying Bitcoin, possibly on a retest of the $60,000 area next week. 5️⃣The $59,000 to $58,000 region is crucial; if it holds after an initial test and breach, it could indicate a bottom. 6️⃣A large negative bias and short trap could be building based on the Long Vs Short ratio. 7️⃣A daily candle consistently closing below $58,000 could invalidate the bullish scenario, while surpassing $65,000 could pave the way for a move towards $100,000. #marketanalysis #ETF✅ #tradingStrategy #carboncredits
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#BiyondDaily ⤵️ 1️⃣Bitcoin is in recovery mode ahead of key U.S. NFP jobs and ISM manufacturing reports, along with an options expiration event. 2️⃣Spot ETFs on Wall Street saw outflows, but the Hong Kong Bitcoin ETF experienced significant net inflows. 3️⃣Bill Gross predicts a return to five percent in the 10-year bond market, potentially impacting crypto in the short term. 4️⃣Arthur Hayes believes Bitcoin's bottom is in, anticipating a slow grind higher, emphasizing the importance of the $59,000 to $58,000 price zone. 5️⃣The Long Vs Short ratio has dropped to 2:1, indicating traders are still overly long, possibly leading to liquidations on recovery. 6️⃣The 90-day MVRV ratio is about -8 percent, historically hitting -20 to -25 percent during significant pullbacks. 7️⃣Signal entries may be raised if $58,000 holds, with a potential target of $120,000. #Bitcoin❗️ #ETFs✅ #ArthurHayes #MVRV
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#BiyondDaily ⤵️ 1️⃣Bitcoin returns to the danger zone after Chair Powell remarks on the economy's strength and dismisses fears of rate hikes. 2️⃣Standard Chartered bank predicts Bitcoin to decline to $52,000-$50,000 due to negative ETF flows and tightening liquidity. 3️⃣Despite the pullback, analysts view it as temporary within a strong uptrend, with $52,000 being a crucial technical support level. 4️⃣Liquidation Heat Map identifies $52,000 as a critical level to monitor if $55,000 is breached. 5️⃣Bitcoin ETFs experienced a significant net outflow of $563.7 million, the largest since their trading began, with around half now in negative territory. #Bitcoin❗️ #FederalReserve #liquidity #ETF✅
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#BiyondDaily 👇 1) Bitcoin's price falls to $59,000 ahead of the Federal Reserve meeting. 2) The Biyond Vanguard indicator switches to Red on the weekly timeframe. 3) "Buy the dips" calls for Bitcoin surge after bouncing from $59,000. 4) Large short bias by leveraged traders ahead of the Fed meeting could impact the market. 5) Long Vs Short ratio decreasing; when it hits Red, it may signal an opportunity for Long positions. #Bitcoin❗️ #FedMeeting #longpositions #dips
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Bitcoin is maintaining stability around the $63,000 mark amidst slow trading conditions, largely attributed to the impending Federal Reserve meeting. Goldman Sachs predicts a rise in stocks, which bodes well for cryptocurrencies, despite the absence of anticipated interest rate cuts. However, Bitcoin spot ETF outflows and substantial cryptocurrency investment product outflows, totaling $435 million, reflect investor caution. Additionally, analysis of short-term holder realized price suggests a critical level at $59,800, with historical data indicating potential price rebounds or corrections based on proximity to this level. Moreover, heightened BTC miner activity, marked by significant Bitcoin transfers to spot exchanges, raises concerns about market imbalance and the potential for profit-taking among miners. While Bitcoin's stability amid slow trading conditions and potential market imbalance is noteworthy, the analysis underscores the significance of various factors influencing its price dynamics. From impending Federal Reserve decisions to miner behavior and whale activity, the cryptocurrency market remains subject to intricate interplays that shape investor sentiment and price movements. Observations of stock market trends and institutional reports, alongside on-chain data analysis, provide valuable insights into the evolving landscape of cryptocurrency trading and investment. #Bitcoin❗️ #FEDDATA #GoldManSachs #ETF✅
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