Buyers are showing currently a dominance near 200EMA, where there is a possibility of seeing now an upward correctional move (a smaller one).
We are now waiting to see slight upward movement and then a further movement to lower zones so we expect to see yet another re-test of EMAs and possibly a break of it as well! $BTC
Bitcoin has still that downward pressure where since our entry point sellers have been dominating up until the current zone where we encountered 200EMA.
We are closely monitoring that EMA there, as it seems to us to be weak where we see no buyer volume.
We are looking for this zone to be broken and a further movement to lower zones to start so let's see how it goes! $BTC
Does anyone doubt that Major Resistance will be broken? Given this strength of SUI I don’t think anything can stop it
Recently Sui crossed $1B in TVL and flipped #Polygon & Avalanche !
Some people ask me if they’ll get a chance to buy $SUI at $1 again. My answer is NO. The lowest I can see it go on a pullback is $1.4 (if we are lucky)
A pullback into an area of support ( 60k-61k ) isn't bad but this happening after a reclaim of the lower high at 65k which is technically a bearish sign on the daily timeframe. Losing 60k will be a worrisome look.
The monthly timeframe is still the same . Bullish but no momentum . A non- technical reasoning could be the rising geo-political tensions in the world and the investors aren't motivated enough to invest.
The weekly timeframe is also bullish still because of a failed breakdown earlier and the month has only just started so , depending how this weekly candle closes will decide much of a directional bias if taking a new trade position . Overall, higher timeframes remain bullish and daily timeframe has some bearish signs. This week should be a deciding one and I could further discuss the chart . For now I'm more concerned about 60k level . $BTC
Bitcoin has broken out of a bearish wedge, indicating a potential upside move. The price has also been removed from its ascending channel and has broken its ascending channel.
Possible scenario: pullback before the rally The first support zone is: 60432.9 to 61463.8 A withdrawal of up to $58,000 is possible. This could act as a base of support, after which a reversal may take the price back towards the $75,000 target.
The second support zone is: 57002.5 to 57850.0 The scenario is bullish, with the main difference being that Bitcoin is rising after a corrective dip. $BTC
🔥 Fake Wallet App Steals $70K in Crypto WalletConnect
The app, known as WalletConnect, has mimicked the reputable WalletConnect protocol and has reportedly stolen $70,000 from users. It is a sophisticated scam from the fraudulent cryptocurrency wallet app, which is available on Google Play, and has been described as a world-first for targeting mobile users exclusively. Over 10,000 users downloaded the app just to find their crypto wallets drained.
The creators of this scam app were clearly sophisticated and clued-in to the typical challenges faced by web3 users. These include things such as compatibility issues and the lack of widespread support for WalletConnect across different wallets. The scam app marketed itself as a solution to these common issues and took advantage of the absence of an official WalletConnect app on the Play Store. Making use of fake positive reviews, the app looking genuine and legitimate to everyday users and managed over 10,000 downloads.
Cybersecurity firm Check Point Research discovered the fraudulent app and as part of their investigation they discovered transactions linked to more than 150 crypto wallets. These victims of the scam had been instructed to link their wallets after installing the app, under the false pretence of a secure and seamless access to web3 applications. Once users authorised transactions they were redirected to a malicious website that harvested their wallet details. Through the exploitation of smart contracts, the hackers were then able to initiate unauthorized transfers to drain the unsuspecting victims wallets.
Google removed the malicious app and highlighted its Google Protect feature following the CPR report, but this incident follows similar attacks targeting mobile users, including a previous case where over 11 million Android users unknowingly downloaded apps infected with Necro malware. This resulted in unauthorised subscription charges and is one of many attempts by hackers to target mobile users.