$BTC - Technical Analysis

Weekly
Still looking for P to trade lower. P might fill some of last candle wick before doing so.

Noting that we have New Year in this week, so no more trade after today until next week.

Daily
Although P swept old L, I'm still looking for P to trade lower as my draw on Liq is the sellsides unless P creates SFP today.

H1
Looking for P to take out buyside to look for short.
Or base on intraday PA for setup.

If you find this helpful, give me a like. Cheer! 🫡
Abbreviations are explained & pinned in my pinned post.

#bitcoin☀️ #TechnicalAnalysis #Bitcoin❗ #BTC☀ #CryptoMarketMoves

Things you should know about Ethereum updates in 2024:

- Ethereum 2.0 upgrade : Ethereum has successfully transitioned to Ethereum 2.0 in 2023, which solves the problems of scalability, security, and energy efficiency. This transition has had a significant impact on the Ethereum price and overall market dynamics.

- 2024 Roadmap Update : Ethereum continues to evolve with a comprehensive roadmap that includes critical improvements to improve network performance and maintain a competitive edge in a rapidly changing crypto landscape¹.

- Danksharding : This update aims to increase transaction throughput and significantly reduce fees, allowing the Ethereum network to process bundled transactions from layer-two rollups without storing all data permanently on the main chain.

- Proto-Danksharding (EIP - 4844) : As a step towards full Danksharding, blob transactions will be introduced to generate data for processing transactions while increasing efficiency and scalability.

- Single Slot Finality (SSF): This enhancement aims to increase the speed and security of transaction finalization, where blocks will be submitted and finalized in a single slot, reducing transaction confirmation times.

- Security Improvements: Includes separation of block creators and proponents to reduce the risk of maximizing value extraction and ensure fairer transaction processing.

- Improved User Experience: A key focus of the 2024 roadmap is redefining the way users interact with Ethereum, moving from EOA accounts to more flexible smart contract wallets.

This update shows $ETH 's commitment to continuing to innovate and strengthen its position as one of the leading blockchain platforms. what about your opinion? I want to hear your opinion.
#Ethereum #eth #bitcoin☀️ #Web3

🔮 Crypto Crystal Ball: Next Week's Outlook 🔮

The crypto market, a roller coaster of thrills and chills, is gearing up for another exciting week! 🚀
📈 Bitcoin (BTC): The king of crypto aims to reclaim its throne, eyeing a potential surge above $30K. Will the bulls triumph?
📉 Ethereum (ETH): The smart contract powerhouse faces a critical resistance level. A breakthrough could spark a rally!
🌟 Altcoin Adventures: Keep an eye on promising projects like Cardano (ADA) and Solana (SOL). They might just steal the spotlight!
⚠️ Market Movers: Regulatory news and global economic events could shake things up. Stay informed and trade wisely!
🚀 Buckle up for the ride, crypto enthusiasts! Next week promises excitement and surprises.
#CryptoMarketOutlook #bitcoin☀️ #Ethereum

#btc70k #bitcoin☀️ #BTC☀
Here are some facts about Bitcoin (BTC)

- Current Price: The price of Bitcoin varies depending on the country and region. In the United States, for instance, the price of one Bitcoin is $69,037.09.
- Market Cap: Bitcoin has a market cap of $1.36 trillion.
- Volume (24h): The volume of Bitcoin in a 24-hour period is $24,666,349,717.
- Circulating Supply: There are 19,707,265 Bitcoins in circulation.
- Total Supply: There are 19,707,265 Bitcoins in total.
- Max Supply: The maximum supply of Bitcoin is 21 million.

If you have any off these token you might lose your money in the next 14 days🚨🚨 Binance will delete this 4 tokens in the next 14 days being the 17th June 2024,
Binance periodically review tokens and as such token which do not reach up to their criterion are removed from the Exchange.
The tokens are:
-Omg
-Wave
-Xem
-WNXM
take note, move your funds
if you would like to get regular updates in this bull run, follow for more.

#Megadrop #StartInvestingInCrypto #Write2Earn! #bitcoin☀️

🎁🙏Bitcoin is going to $100,000.🙏🎁

Altcoins will follow suit and explode.
It's just a matter of time.
Until then, keep calm and HODL one #bitcoin☀️
#BitcoinTherapist

$BTC
A significant amount of Bitcoin, valued at $300 million,
has mysteriously moved from the Japanese exchange DMM Bitcoin,
baffling the crypto community. Reported by Nikkei, this incident raises questions about the security of digital assets.🎁✨️
Will the Bitcoin return or continue its digital adventure? The irony is striking: cryptocurrencies are known for their security
, yet $300 million has gone on an unauthorized journey.
As we await more information, let's appreciate the unpredictability of cryptocurrencies and hope for a positive outcome. Remember, always keep an eye on your digital assets#BTC☀ #bitcoin☀️

"Buy #bitcoin☀️ and save it, pay attention!!!"
- Mexican Billionaire Ricardo Salinas$BTC

BREAKING: 🇦🇺 Australia's first #bitcoin☀️     ETF to start trading tomorrow.$BTC

🚨 THAILAND APPROVES SPOT #bitcoin☀️     ETF#ETHETFsApproved #$BTC

All crypto currency Rice butt
#bitcoin☀️ 🤑🤑🤑

((( huge leg piece ))) 😂😂😂

#BTC price wobbles ahead of Fed’s rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 5%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
💡Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.
Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.
A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.
$BTC #BTC #bitcoin☀️

#bitcoin☀️ : The margin ratio, fluctuating around the baseline of 2020, further confirms market stability. Based on this data, it can be said that the current bitcoin market is like a calm sea, indicating the onset of a quiet period.

#Write2earn
Bitcoin Surges Above $70K: Stability and Positive Macroeconomic Trends Fueling Growth
#Bitcoin #BitcoiinAnalysis #bitcoin☀️ $BTC

Bitcoin (BTC) has surged past $70,000, nearing its March record highs. Unlike previous rallies, this breakout is marked by stability and favorable macroeconomic conditions.
Here’s what’s driving the trend:

Less Speculative Activity
This rally lacks the speculative frenzy seen in past surges. Data from CoinMarketCap and Velo Data show lower perpetual futures leverage and moderate funding rates, suggesting a more sustainable rise. The annualized three-month futures basis for bitcoin on major exchanges is between 10% and 13%, down from over 25% in March. Greg Magadini, Director of Derivatives at Amberdata, notes the stability and lower speculative activity compared to earlier this year.

Positive Macroeconomic Environment
The macroeconomic backdrop is more supportive of risk assets. Major banks like JPMorgan and Citigroup expect the U.S. Federal Reserve to cut rates soon, signaling renewed liquidity easing. The European Central Bank and the Bank of Canada have already initiated cuts. Additionally, a 13% drop in oil prices to $75.50 per barrel suggests disinflation, reducing government bond yields and encouraging risk-taking. Lower oil prices typically lower inflation expectations and yields, potentially boosting bitcoin.

Conclusion
Bitcoin’s rise above $70,000 is driven by reduced speculative activity and supportive macroeconomic conditions, paving the way for a potentially sustained rally.

#bitcoin☀️     IS CLIMBING UP 🤝

ONLY $2,300 AWAY FROM NEW ATH

LETS Good GO BOYZ !!$BTC #bitcoin #BTC #Binance55thProject(IO)

Thanks for the BART #bitcoin☀️    
$300M of leveraged longs wiped out, now let's get the shorts$BTC

when do you think #bitcoin☀️ will reach $100k $BTC

$BTC There's a significant amount of #Bitcoin ฿ liquidity just above $74,000. It's only a matter of time before $BTC captures it ⏳⏳⏳#Bitcoin❗ #bitcoin☀️ #BTC☀

$BTC Bitcoin 📈 Expect some choppy moves before the next major surge. 🚨🚨🚨

candle analysis indicates some volatility before a significant upward move. Prepare for the next big surge in the crypto market
$BTC
Stay alert for the next giant move up in the crypto market! 📈
#BinanceSquareFamily #bitcoin☀️ #Bitcoin❗

Do you think Im going to make it?
Still Bullish even tho the market crash 🗿
#SolanaUSTD #bitcoin☀️ #FutureTarding