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BTC Technical Analysis October 4
-BTC TOUCHES CONFUSION ZONE
-1 has retested and touched the previously broken downtrend line.
2- touches the uptrend line
3-EMA 200, (EMA 200 days is considered very reliable)
3 Fibonacci 0.5
4 keylevel support zone.
- In my opinion, BTC will move sideways for a few days and increase in price following the trend.
- The possibility of BITCOIN reaching the 57k zone is very small, because to get there, Bitcoin has to break through many things.
.đđ»Here, you can wait for a candle to confirm the increase in price and then buy
Or set a limit of 58k7!
Sl 55k600
Tp70k
-BTC TOUCHES CONFUSION ZONE
-1 has retested and touched the previously broken downtrend line.
2- touches the uptrend line
3-EMA 200, (EMA 200 days is considered very reliable)
3 Fibonacci 0.5
4 keylevel support zone.
- In my opinion, BTC will move sideways for a few days and increase in price following the trend.
- The possibility of BITCOIN reaching the 57k zone is very small, because to get there, Bitcoin has to break through many things.
.đđ»Here, you can wait for a candle to confirm the increase in price and then buy
Or set a limit of 58k7!
Sl 55k600
Tp70k
See original
market perspective
BTCDOM
BTCDOM Analysis. And Total3, 11/10 (Altcoin comment corner)
-If you ask me if BTCDOM (btcdom is the percentage of BTC capitalization compared to altcoin) has absorbed enough money from Altcoin? Too much? Then I think it is enough, too much.
Why do I say that? Now you look at the charts of all the stocks, they are all at the bottom of 4 years ago, some are even lower than the bottom of previous years.
BTCDOM Analysis. And Total3, 11/10 (Altcoin comment corner)
-If you ask me if BTCDOM (btcdom is the percentage of BTC capitalization compared to altcoin) has absorbed enough money from Altcoin? Too much? Then I think it is enough, too much.
Why do I say that? Now you look at the charts of all the stocks, they are all at the bottom of 4 years ago, some are even lower than the bottom of previous years.
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BTC Technical Analysis 10/11
After yesterday's CPI news was not good,
- At the confluence zone, BTC price still held well even though yesterday's CPI news had BTC sliding down to 58,900, but at 7am today when closing, it was at 60,312, pulling its legs above the 200-day EMA, (200-day EMA is favorable)
BTC's bullish structure remains the same.
Fibonacci measured from the lowest bottom of 49,600 to the peak of 73,400, yesterday's candle wick of 58,900 touched the fibo 0.618 (this area is the golden ratio favored by whales) and the price reacted very well when touching this area when closing the candle at 60,312.
From there, it shows that btc is still in an uptrend, and sustainable (remember, we are almost in mid-October 2024, there is no more increase at this time, just put in the goods and lie still, jumping in and out randomly.)
$BTC
After yesterday's CPI news was not good,
- At the confluence zone, BTC price still held well even though yesterday's CPI news had BTC sliding down to 58,900, but at 7am today when closing, it was at 60,312, pulling its legs above the 200-day EMA, (200-day EMA is favorable)
BTC's bullish structure remains the same.
Fibonacci measured from the lowest bottom of 49,600 to the peak of 73,400, yesterday's candle wick of 58,900 touched the fibo 0.618 (this area is the golden ratio favored by whales) and the price reacted very well when touching this area when closing the candle at 60,312.
From there, it shows that btc is still in an uptrend, and sustainable (remember, we are almost in mid-October 2024, there is no more increase at this time, just put in the goods and lie still, jumping in and out randomly.)
$BTC
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Upcoming CPI Data
. Upcoming CPI data
Markets will have a chance to analyze fresh inflation data on Thursday, which could influence how the Fed approaches its upcoming policy decisions.
Economists expect the consumer price index (CPI), a key gauge of US headline inflation, to slow to 2.3% on an annual basis in September, down from 2.5% in August. The figure is expected to have fallen to 0.1% from 0.2% in the previous month.
Markets will have a chance to analyze fresh inflation data on Thursday, which could influence how the Fed approaches its upcoming policy decisions.
Economists expect the consumer price index (CPI), a key gauge of US headline inflation, to slow to 2.3% on an annual basis in September, down from 2.5% in August. The figure is expected to have fallen to 0.1% from 0.2% in the previous month.
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Ramp Network Officially Expands Cryptocurrency Services to All US States
UK-based crypto infrastructure company Ramp Network has expanded its services to support crypto asset purchases across all 50 US states and the District of Columbia,
The company building payments infrastructure that connects cryptocurrencies to the mainstream financial system has added 17 more states to its platform, expanding access to its services nationwide.
The company building payments infrastructure that connects cryptocurrencies to the mainstream financial system has added 17 more states to its platform, expanding access to its services nationwide.
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China pumps another $28 billion into its economy, a sign that the cryptocurrency market is on the rise.
China will spend 200 billion yuan ($28 billion) on local projects this year, aiming to meet its growth target.
At a press conference on October 8, Mr. Zheng Shanjie - Chairman of the National Development and Reform Commission of China (NDRC) said: "We are confident of achieving this year's economic and social goals, while maintaining stable, healthy and sustainable development."
The agency also announced that it would allocate 200 billion yuan ($28 billion) for local government investment projects this year to meet economic growth targets, which were originally planned for 2025.
At a press conference on October 8, Mr. Zheng Shanjie - Chairman of the National Development and Reform Commission of China (NDRC) said: "We are confident of achieving this year's economic and social goals, while maintaining stable, healthy and sustainable development."
The agency also announced that it would allocate 200 billion yuan ($28 billion) for local government investment projects this year to meet economic growth targets, which were originally planned for 2025.
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US AUTHORITIES CHARGED 18 IN CRYPTOCURRENCY MARKET MANIPULATION CASE.
In a landmark case, US federal prosecutors have charged four cryptocurrency companies and 14 individuals with market manipulation and fraudulent trading in the digital currency sector. This marks the first time financial services companies have faced criminal prosecution for such activities in the cryptocurrency industry.
The charges, announced today by prosecutors in Boston, involve Gotbit, ZM Quant, CLS Global, and MyTrade, along with their executives and employees. The case also saw arrests overseas, signaling the global scope of the investigation and its impact on the cryptocurrency market.
Five of the defendants have agreed to plead guilty or have already done so, indicating a swift response to the charges. The development could have significant implications for the cryptocurrency industry, as it highlights the growing scrutiny of digital currency transactions by law enforcement and the importance of regulatory compliance.
In a landmark case, US federal prosecutors have charged four cryptocurrency companies and 14 individuals with market manipulation and fraudulent trading in the digital currency sector. This marks the first time financial services companies have faced criminal prosecution for such activities in the cryptocurrency industry.
The charges, announced today by prosecutors in Boston, involve Gotbit, ZM Quant, CLS Global, and MyTrade, along with their executives and employees. The case also saw arrests overseas, signaling the global scope of the investigation and its impact on the cryptocurrency market.
Five of the defendants have agreed to plead guilty or have already done so, indicating a swift response to the charges. The development could have significant implications for the cryptocurrency industry, as it highlights the growing scrutiny of digital currency transactions by law enforcement and the importance of regulatory compliance.
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Crypto.com Files Lawsuit Against SEC After Hiring Wells Notioc
Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), joining a growing list of cryptocurrency companies protesting the regulatorâs approach to crypto assets.
The legal action is in response to what the company describes as the SEC's overreach in regulating the cryptocurrency industry.
For now, Crypto.com assures customers that operations will continue as normal as the company challenges the SECâs stance in court.
The legal action is in response to what the company describes as the SEC's overreach in regulating the cryptocurrency industry.
For now, Crypto.com assures customers that operations will continue as normal as the company challenges the SECâs stance in court.
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Notable Things From the Start of the Fed's Rate Cut Cycle
The US Federal Reserve (Fed) began its rate-cutting cycle in September, cutting its policy rate by a massive 50 basis points (bp). The decision marked a significant shift in monetary policy, as it was the first rate cut in the US since 2020.
The size of the cut, coupled with comments from Fed Chairman Jerome Powell, suggests some concern about the state or direction of the labor market, and less concern about inflation, according to Wells Fargo.
The size of the cut, coupled with comments from Fed Chairman Jerome Powell, suggests some concern about the state or direction of the labor market, and less concern about inflation, according to Wells Fargo.
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Prestigious cup handle. Actually, the main trend of BTC is still increasing, many of you are caught up in small waves and forget that we are in a big wave of increase. In the big wave there are small waves in the small waves, there are smaller waves-
- BTC has been sideways for 218 days at the top. Do you see any top, which has been sideways for 7 months??
- This is the accumulation zone and remember that when it has accumulated, it can only be the bottom zone,
- Personally, I think this is the bottom zone of BTC in 2024-2025.
-
- BTC has been sideways for 218 days at the top. Do you see any top, which has been sideways for 7 months??
- This is the accumulation zone and remember that when it has accumulated, it can only be the bottom zone,
- Personally, I think this is the bottom zone of BTC in 2024-2025.
-
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