SEC Chairman Gary Gensler made it clear that the agency is in no hurry to finalize approval and launch of spot Ethereum ETFs. On #CNBC, he made it clear that the next step will not happen in the next few days. And “it will take some time.”
FOX Business crypto journalist Eleanor Terrett comments:
“SEC Chairman Gary Gensler says the next step in approving the $ETH ETF “will take some time,” possibly indicating a potential slowdown in the S-1 approval process.”
Traditionally, Gensler made a hostile statement on crypto exchanges. Having said that they are "doing what the law would never allow the NYSE or traditional exchanges to do."
We have already written that the scenario of a pause (within reasonable limits) before the final wait and launch of spot Ethereum ETFs is even positive for the market. Markets are rising on expectations. And the expectation for the spot Ethereum ETF compared to the expectation for the spot Bitcoin ETF is even more positive. Because consent in principle has already been received from the regulator and it’s just a matter of bureaucratic formalities and details.
If you are fueled by positive news feeds, you can wait a month for the approval of S-1 forms. The main thing is for market players to understand that the process is underway.
$ETH

A hint for BTC from the RSI indicator was found by CryptoQuant analysts. 
The previous three#BTCprice increases started when the 14-day RSI was at 56. And now it is at 56.
$BTC

Emails from crypto companies in your inbox in the last 24 hours - with phishing risks. Paolo Ardoino, CEO of #Tether, reports this.
The reason is that a well-known vendor used by crypto companies to manage mailing lists may have been hacked. Ardoino shares the details in his post:
“We have received two independent confirmations that a well-known vendor used by crypto companies to manage mailing lists may have been compromised.
We're not releasing names at this time until the investigation is complete, but please be wary of any cryptocurrency giveaway emails received 24 hours ago."
The traditional theme of “cryptocurrency distribution” is one of the popular schemes of criminals. You connect your wallet - and the distribution actually happens. Only it’s NOT TO YOU, but FROM YOU. Fraudsters take all assets.

The BTC price could see a rise in the future similar to the rise in stock prices in the 1980s. This opinion is expressed by the famous trader Peter Brandt (729.5 thousand subscribers in X). 
Brandt believes that one of the possible reasons for working out a stock fractal on the chart of the first cryptocurrency is the risk of a collapse of fiat currencies. That is, we are talking about the fact that it is not BTC that will rise in price sharply, but that national currencies will depreciate.
In the chart, Brandt looks at the p&P on the price of#BTCin relation to the total supply of money in the US (M1). And this is a very important criterion. An increase in the money supply/emission leads to a depreciation of the national currency.
Quote from Brandt:
“The argument in favor of Bitcoin is related to the possible destruction of fiat currency units (for example, USD).
The graph on the right shows the price of Bitcoin ($BTC ) in relation to the total supply of money in the United States (M1). This ratio remains below the December 2017 high. It is interesting to note the similarities in the chart structure with $DJIA during the Great Stagflation of the 1970s.
Some of you will deny that there is a continuation of the inverted head and shoulders - so I will discuss it here. Schabacker (1934) and Edwards and Magee (1948) recognize this model by name. If the identification is good enough for them, then it is good enough for me.”
$BTC

The “sneaker” project (in fact, it’s getting bigger) Blum has expanded the number of invitations available to users.
If previously 5 invitations were available, and only early participants and those who were active had 10, now “at least 10 invitations” are available to everyone.
This is now, напомним, one of four tap-to-earn projects in which we farm. Along with #TapSwap,#Onchainand #MemeFi.

The TONCOIN (TON) rate updated its ATH, reaching $7,873. So far, having removed liquidity behind the high, the price has corrected back to the downward trend since April 11. And although the daily candle doesn’t look very good yet, with a bearish shadow on top, as long as the price is above this trend, continued growth is a priority.
The growth is supported by positive news:
- Pavel Durov promised on June 3 to release a “large-scale”#Telegramupdate this week.
- Trading platform Robinhood announced the listing of #TONCOIN.
The movement can be viewed as the formation of pHyP at its peak. In general, this is a reversal pattern on loys, but in a bullish market it also works as a local correction from the high. Especially when it comes to ATH. The main thing is the presence of buyer power. If the idea with P&P works out, his target is around $10,440. But it is worth remembering the alternative - the fate of the#TWTgrowth fractal of autumn-winter 2022. Where, after the high updates, the price went into a protracted and long correction. There was a "Double Top". Here the schedule is different. But it could end the same way. A sharp reversal and removal of all accumulated liquidity of the bulls.
Our speculative position, opened on May 22 at a rate of $6.565, is now +13.68%. We opened a deal with half of the allocated deposit, expecting to get $5.9, but the price was not allowed there. Yes, we canceled the order because locally there were signs of weakness and risks of going lower. While we continue to hold, we set a stop at breakeven.
In this trade, growth for the asset is still weak, but:
- On May 16, 2024, we closed speculation on#TONCOINat +27.45%. 
- At the end of March 2024, we closed speculation on#TONCOINat +123.33%, opened in October 2023.
- Since December 2022,#TONCOINhas been collected in parts as part of the investment portfolio for crypto wallet tokens. With an average entry point of $2.1194. The investment plans are still the same - to sell in 2025. But we will navigate as we go.
An excellent volatility asset for spot. And this is not the maximum that could be gained from growth from the fall of 2023.

The BTC rate once again broke through the downward trend from ATH on March 14. Another attempt to gain a foothold above it and the psychological $70,000. The expressive squeeze towards the trend, which was written about today before the start of growth, at a price of $68,649, is working itself out.
Now the price has reached the volume level of $70,780 and the global upward trend since January 2023 (indicated by a dotted line). Which acted as resistance until the end of February 2024. And from February to April she acted as support. The breakdown of these resistances opens the way to rapid and impulsive growth in the BTC rate. Up to the “God’s candle” scenario.
Two key points for the growth scenario now:
- As long as the price is above the downward trend since March 14, it goes to the new ATH.
- To be confident in growth, it is important to gain a foothold above this trending candle, not only with today’s candle, but also with tomorrow’s. The experience of May 20-21 shows that a convincing retest is needed.
$BTC

The number of open vacancies on the JOLTS labor market in the US in April is slightly below the forecast. 8.059 million with a forecast of 8.370 million and the previous figure of 8.355 million.
This is sufficiently below the forecast to give a positive signal from the US Federal Reserve about the cooling of the labor market. BUT not too low so as not to give reason to talk about a recession. Moreover, against the backdrop of the volume of industrial orders within the forecasts.
This is positive for the crypto market. But the#BTCrate has been growing even without this data in the last hour and a half - it has broken through the local downward trend since May 21 and the level of $69,000, the importance of which we wrote about in the daily review.
The price is again preparing to “storm” the $70,000 level and the downward trend from the current ATH on March 14. Another squeeze, the second in two days. And there are still many arguments for a breakout and consolidation above. 
$BTC

Spot Bitcoin ETFs are sweeping the world - now they have come to Thailand and Australia. 
Thailand's SEC has approved the launch of the country's first spot Bitcoin ETF, reports #BangkokPost. This is an ETF from One Asset Management. And only institutional investors can invest in it.
In parallel, trading began today on the first Australian spot#BitcoinETF from #Monochrome. It became the first such instrument in the region. There are already two Bitcoin ETFs in Australia, but only the new one involves direct ownership of BTC. The instrument ticker is #IBTC.
Monochrome applied just two months ago. Listing took place on the Cboe Australia exchange. This is a subsidiary of Cboe Global Markets (#CBOE). 
And on June 3, the Dubai regulator allowed trading of foreign crypto-ETFs in the free economic zone. The Dubai Financial Services Authority (DFSA) has made changes to the crypto regulatory regime, allowing shares of foreign crypto funds to be offered on the local market. Foreign issuers will now be able to offer fund units based on cryptocurrencies recognized by the regulator, including not only#BTCand #ETH, but also #LTC,#XRPand...#TONCOIN(#TON).
In short, crypto ETFs seem to be here for the long haul.
$BTC

Yesterday's BTC test of the $70,000 level failed to provide a breakout of the downward trend since March 14. The daily candle closed with a bearish shadow on top. 
This is already the fourth (!) unsuccessful breakout. BUT since May 20 there has been a significant push towards this trend and buyers are making it clear that they will not back down.
Now the price has gone under two important supports:
- volumetric and psychological level $69,000,
- downward trend since May 21.
While the price is below these supports, the priority is, at best, the range, but in general, it is still a test of the EMA of the 50 day TF (currently $66,096). Where the fate of further movement will be decided.
We continue to wait for growth to the new ATH and the question is the same - with or without the EMA test of the 50-day TF (and the accompanying liquidity collection). Because although sales pressure is present, buyers, we repeat, do not give up their positions under pressure. Now there is local parity of power on the chart and the question is whose liquidity will be collected next. Will it be a false takedown, an increase in liquidity and continued growth? Or the price will go up, plus or minus from the current ones.
According to the BTC Price Volatility Index, by the way, there is a possibility that the range will continue in the coming days. The emerging reversal may be broken again today. You need to wait until the daily candle closes. DeMark candle counting still doesn't work well on this chart, although it has been a great way to analyze the Index over the past few months. 
A possible breakdown does not change the fact that in the near future and this week we expect a sharp upward movement in the Index. One powerful green candle. Accordingly, expectations for impulse movements in the BTC price this week are also valid. Moreover, there are plenty of reasons in the news this week.
$BTC

Important events for the crypto market on June 4 from the economic calendar. The day as a whole is calm, but increased volatility may occur when data on vacancies on the JOLTS labor market in the US is published.
Daily schedule:
- 09:30 Kyiv time and Moscow time / 11:30 Astana time - Swiss Consumer Price Index. It will show the success of the fight against inflation in the Swiss franc. Important for calculating the US Dollar Index#DXY(which has an inverse correlation with the crypto market).
- 17:00 Kyiv time and Moscow time / 19:00 Astana time - The volume of industrial orders in the USA for April. Important for assessing recession risks.
❗️- 17:00 Kyiv time and Moscow time / 19:00 Astana time - The number of open vacancies on the JOLTS labor market in the USA for April. Traditionally, a very important indicator for the US Federal Reserve in interest rate decisions. Plus is also important for assessing recession risks. The consensus forecast includes a slight decline. And the best thing for the market is to see it. If the data turns out to be below the forecast, this is also positive. Evidence of a weakening labor market, which is what the US Federal Reserve is trying to achieve. But the data should not be significantly lower. Otherwise, there is already a threat of recession. The data above the forecast (and especially significantly higher) is negative for the crypto market. Because it will demonstrate that the labor market is not cooling down, fueling inflation.

Map of crypto assets by RSI for June 3 - the crypto market cooled down over the week. 
Immediately to the conclusions - the week had a good effect on the market. There were no significant drawdowns in key assets, but the overall picture became a little lighter. If we compare RSI maps from#Coinglasson May 28, the four-hour and daily timeframes showed a partial and noticeable unloading - there were slightly more oversold assets. Weekly TF has changed little.
Not now:
On the four-hour timeframe in the oversold zone there are more assets than a week earlier: #STEEM, #MTL, #LSK, #SNX, #MKR, #POWR, #UNI, #ETC, #TRB, #BNX, #ENJ, #UMA, #UNFI, #ZEC, #ORBS, #STMX. The absolute majority is in the neutral zone, while there are also many assets in overbought: #TLM, #FRONT, #KAS, #BNB, #DAR, #COMBO, #SUPER, #SPELL, #COTI, #MAVIA, #API3, #OM, #YGG, #MINA, #ACE, #ROSE, #LINA, #MAGIC, #AXS, #INJ, #BTC, #HOT, #RONIN, #RIF, #DODOX, #REEF, GTC, #XMR, #KNC, #PIXEL.
Daily TF - oversold: #XEM, #WAVES, #OMG, #BLZ, #MTL, #LSK, #ONG, #ORBS, #ZETA, #TRX. Moreover, a week earlier there were only#TRXand #BLZ. Most assets are still in the neutral zone. There are still many assets in overbought conditions. Some continue to grow, breaking reversal signals. Today on the list: #JASMY, #XMR, #PEOPLE, #AGLD, #TLM, #KLAY, #SPELL, #LINA, #OM, #ONDO, #BIGTIME, #PIXEL, #YGG, #TOKEN, #DAR, # COMBO, #ALPHA, #AMB, #BNT, #DODOX, #RONIN, #TWT, #TRU, #NFP, #ROSE, #ACE, #STG, #ENS, #FLOKI, #PEPE, #ETH, #LINK.
Weekly TF - here the situation has changed little. Assets are still widely scattered across the map and consolidation is gradually taking place in the neutral zone. At the same time, there are also oversold ones (#GAS, #DYM, #USTC, #MANTA, #MOVR, #HFT, #FXS, #AUCTION, #MAVIA, #WAVES, #XEM, #GLM, #ASTR, #ORBS, #LQTY, #MAV, #HOOK, #QNT, #COMBO, #OMG, #BLUR, #DYDX, #STRK, #SUI), and overbought (#PEOPLE, #JASMY, #BNB, #TIA, #PEPE, #ONDO, # HIGH, #ALICE, #BTC, #WIF, #SUPER, #NTRN, #ETH, #NEAR, #ORDI, #AR, #ENS, #CHZ, #JUP, #TRU, #LPT, #RSR, #SPELL, #RNDR, #SOL).

The BTC rate is again above $70,000. Shorts are being liquidated on futures.
On the chart, the moment of truth is a test of the downward trend from ATH, from March 14. The last breakout attempt on May 20 ended in a strong correction. This time there are many arguments that growth, in case of a breakdown, will continue.
Today's review is https://www.binance.com/ru-UA/square/post/8969936982593.
$BTC

Over the past week, institutions have significantly reduced the influx of capital into crypto funds, but it has remained positive. This is evidenced by data from the#CoinSharesreport for May 25-31.
The inflow for the reporting period amounted to +$185 million. A week earlier, the inflow amounted to +$1.050 billion, and even earlier: +$932 million. Volumes over the past week also declined, falling to $8 billion compared to $13 billion the week before.
At the same time, in just May the inflow amounted to $2 billion, since the beginning of the year - $15 billion.
Almost all inflows traditionally go into spot Bitcoin ETFs. And the reason for the small influx last week, in fact, is only one - the issuer#Grayscaleagain began to sell a lot, and the issuer#BlackRockbought little.
Details on inflows/outflows for assets as a whole:
- #BTC-focused crypto products raised +$148 million.
- Crypto products focused on#BTCshorts again have outflows, -$3.5 million. A week earlier there was an outflow of -$4.3 million. I would still like to see a figure for outflows of more than $10 million; this would be assessed as a capitulation of institutional short-sellers.
- Crypto products focused on#ETHcontinued to see inflows amid the approval of spot Ethereum ETFs in the US, +$33.5 million. A week earlier it was +$36 million. In the weeks before this, we recall, there were outflows of -$23.3 million and -$14.4 million.
- Crypto products focused on#SOLcontinue to show an influx of capital, this time $5.8 million. Weeks earlier it was +$8 million and +$4.9 million. Shorts are still under threat. And we, as before, are waiting for the asset to test the psychological level of $200 and go even higher.
- For other altcoins, the movements are quite insignificant. Inflows on#LINK(+1 million $) appeared again, positive results were shown by#XRP(+0.8 million $),#LTC(+0.6 million $),#ADA(+0.3 million $)
Geographically the leader in US tributaries, by a small margin. Next comes Switzerland and Canada. Hong Kong finally has an influx in a week, albeit minimal, of $1.7 million. The leaders in outflows are Sweden and Brazil. Outflows are not large.

The BTC price ranged over the weekend and, we remain in our opinion, is preparing a strong impulse in the coming days. By the way, on the BTC futures chart on the Chicago Mercantile Exchange, the gap appeared microscopic and closed in the first hours of trading on Monday.
An important point is that the daily#BTCspot candle that closed yesterday broke the downward trend. This means that instead of June 4-5, as we predicted on May 31, a reversal may occur now. The power of buyers is showing.
In general, the entire correction of#BTCprice growth since May 20 is extremely restrained. The price is clamped in the triangle, as is often the case with movement in the fourth wave. Further we are waiting for growth with the full development of the P&P goal ($73,635) and the update of ATH. As part of the fifth wave of growth, which began on May 1-2. The beginning of which we clearly identified on May 1st at a price of $57,158.
What is confusing is that the price in motion since May 20 has not tested the EMA of the 50-day TF (currently $66,023). Therefore, we do not rule out that before the true movement and exit from this triangle upward there will be a false exit downward, with a pin of this EMA.
For a growth scenario without this false downward movement, it is important:
- Fix above the volumetric and psychological level of $69,000, ATH of the last cycle.
- Break through the local downward trend from May 21. This will be the start of exiting the triangle in the fourth wave.
- Break through the downward trend from the current ATH, from March 14 (currently at $70,187) and consolidate higher. This is still the key resistance.
- Keep the RSI on the daily TF above 50.
An important point - the BTC Price Volatility Index can also show an early reversal. Not June 4-5, but today. But you need to wait until the daily candle closes. For now, we leave the forecast vertical volatility reversal line at June 5th. Our expectation is the same - the exit of the Volatility Index from this anomaly of strong decline promises a movement for the BTC price of 20-25% from the current one. 
The week promises to be bright.
$BTC

Friends, we sold part of our NOT (NOTCOIN) around $0.02. 51,558 tokens at $0.020314 and 71,1529 tokens at $0.020225. As planned and publicly warned.
There are still 52,519#NOTremaining staked. And they will remain with us until the level that we consider the peak of#NOTin this cycle.
We have no doubt that in the long run it will be higher, and the capitalization of the project will be more than $10 billion. The project has utility functions in the Telegram mini-application ecosystem, there is support for Telegram, there is a burning mechanism. Now the project is in 56th place in the capitalization ranking, with $1.840 billion. 
There was a specific goal - to allocate part of the profit from the asset to purchase a Macbook Pro for our project this spring and this summer. Goal accomplished. 
Will Fomo continue to rise at this turn on May 27th? Maybe, but part of the staking tokens solves this problem. Technically we would be expecting something like this chart. Although we are redrawing the fifth wave and the ABD correction option for the third time in two days 😁
Category “NOTCOIN - scam” 🤣
$NOT