#TURBO dip inside the strong support zone of $0.0071 - $0.0077 and also getting it support from the trendline. In other way price forming a triangle pattern and expected a bounce through here, and buys looks good after $0.0081 on a retest.
Price bounced from the support area and is now slowly heading toward the resistance area. TON ecosystem is growing and we may see a good rally in the coming weeks. You can add TON below $5.
✅ Another day when more than a billion dollars flowed into spot BTC ETFs. Bitcoin's dominance fell a bit, causing many altcoins to have a very nice pump 🚀
Daily Digest:
🔸 Polymarket prediction betting market opted to block France-based users
🔸 South Korean virtual asset deposit platform Delio was declared bankrupt with $1.75B in assets lost
🔸 Apple confirmed that its devices were left vulnerable to an exploit that leaves crypto users exposed 🚨
🔸 CFTC has endorsed using blockchain technology to manage trading collateral in United States derivatives markets
🔸 Trump picked pro-crypto hedge fund manager Scott Bessent for Treasury Secretary
🔸 Sui blockchain signed a strategic partnership with $1.5 trillion asset manager Franklin Templeton 🤝
🔸 The incoming CEO of banking and investment giant Charles Schwab says "I have not bought crypto, and now I feel silly"
Understanding Bitcoin Dominance. When will Altseason start? 🚀
Bitcoin dominance is the percentage of the total crypto market value that belongs to Bitcoin. It shows how much of the crypto market is made up by Bitcoin compared to all other altcoins combined 🤑
Yesterday, this percentage reached a new high for this cycle of 61.52%
🔼 When Bitcoin dominance rises, Bitcoin is capturing more of the market share. Bitcoin sucks up the liquidity from alt coins and memes often outperforming them.
In this market, everything trades like this:
• If BTC up = alts slightly up • If BTC down = alts nuke by a lot • If BTC stable = alts down
🔽 When Bitcoin dominance falls, it means altcoins are gaining more market share starting to outperform BTC.
During this time investors have higher risk appetite and are shifting Bitcoin gains into alts, seeking higher returns 🤪
In this market, everything trades like this:
• If BTC up = altcoins are pumping hard • If BTC down = strong altcoins are slightly down or stable • If BTC stable = altcoins are rising
Altseason usually happens when Bitcoin dominance drops significantly. This is usually the last thing to happen at the end of the bull market as investors take greater and greater risks in the pursuit of profit 💰
$MYTH just had a Breakout from the Bullish rectangle in L-T-F, also in the daily chart it just broke its strongest resistance. Looks good to buy for short term at 0.28
Whereas, you can see what we got previously in $MYTH after the Bullish rectangle Breakout.
OP has broken out of the ascending triangle pattern with significant volume. Both the 100MA and 200MA are acting as strong support, indicating bullish momentum.
A retest above the pattern is anticipated, and a successful retest could confirm the potential for a strong bullish rally. $OP
$ALT made a high of $0.117 which is 16.2% in profit. Price reached the resistance area already and better to lock some profits here and hold rest to breakeven. Potential scale-in can be done at $0.11 targeting the top resistance at $0.135 - $0.140.
#DOGS having a bit less price to analysis but formed a good support around $0.00048 - $0.00054 and Strong Resistance area at $0.00079 - $0.00083. Its a range and wait for the price to have a breakout of the zone. Overall, #DOGS community trying to build a strong, but going less with the risk.
✅ Another day of pumping, Bitcoin peaked at $99,100, not far from the symbolic $100,000 target. Interestingly, Bitcoin's dominance has slightly decreased amid ETH growth 🔼
Daily Digest:
🔸 MicroStrategy announced it has completed a $3 billion offering of convertible notes to buy even more Bitcoin
🔸 21Shares and VanEck file for Solana $SOL ETFs with CBOE
🔸 President-elect Donald Trump's proposed Crypto Advisory Council could set up a United States Bitcoin reserve 🥇
🔸 SEC Chair Gary Gensler plans to fully leave the commission — not just step down as chairman — on Jan. 20
🔸 The creator of the "Chill Guy" meme, said he's copyrighted the character and plans to issue takedown notices for for-profit use, even in meme coins
🔸 Mastercard collaborates with JPMorgan to bring cross-border payments on the blockchain 🤝
🔸 FTX payouts for creditors and clients are expected in March 2025
🔸 A judge has tossed out the broker-dealer rule for crypto liquidity providers from the US SEC
#HBAR got it hard rejection from the major resistance area of $0.152 - $0.157. This is the weekly TF, and on Daily we have some retracement going on $0.1 will be good area for buys. $HBAR
🇨🇳 Shanghai court says crypto ownership legal under China law
In an opinion on a recent lawsuit, a Shanghai judge wrote that cryptocurrencies have the attributes of property and thus holding it is legal 😮
This is a very important development because the world's second largest economy, China, has banned all cryptocurrency transactions and mining activities. In September 2021 😰 $BTC
Price broke the resistance area and retested it. The price is now testing the all-time high resistance area, and once it breaks above $260, FOMO will kick in, leading to high volatility.