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Bukason_01

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Bearish

O que realmente está acontecendo aqui, por favor 😭😭

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Bitcoin entered the bottom of its support range yesterday, making this an important inflection point for traders. The recent pullback brought BTC inside the daily TBO Cloud for the first time since November, signaling bearish consolidation. However, demand remains evident as volume holds steady. BTC's drop of -11.73% over the past three days is more significant than mid-November's -9% pullback, yet still mild compared to the -18% to -28% pullbacks seen during the 2020 bull run. Weekly RSI has also dipped below overbought levels, leaving room for recovery should BTC bounce before the weekly close. Ethereum and Altcoins Under Pressure Ethereum's repeated rejections at the $4,000 resistance have proven costly, with a TBO Close Long printed on yesterday's daily candle. While daily RSI is nearing oversold levels—indicating a potential entry point—the broader trend remains weak, as ETH struggles to maintain bullish momentum. Altcoins have been pummeled during this pullback, with many charts showing severe damage. However, OTHERS.D, which tracks smaller-cap cryptocurrencies, is showing early signs of a potential bounce as RSI resets from oversold levels. For altcoins to recover meaningfully, Bitcoin dominance (BTC.D) must reverse its bullish trend, which has yet to happen. #MarketPullback

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BTC and XRP

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A former South Korean legislator from the Democratic Party received a six-month prison term for deliberately withholding significant cryptocurrency holdings from his mandatory financial disclosures, in a case that has drawn fresh scrutiny to the transparency standards for public officials in one of Asia’s major economies. The conviction, handed down by the Seoul Southern District Court in late October and confirmed by court officials on Wednesday, stems from charges that the onetime National Assembly member concealed nearly 10 billion won (approximately $6.8 million) in digital currency assets during 2021 and 2022. Prosecutors argued that he manipulated financial declarations by converting some of his virtual holdings into traditional bank deposits, enabling him to report only a fraction of his true wealth. The remainder of his crypto investments, according to the prosecution, remained off the books to obstruct a property review by the National Assembly’s ethics committee. The lawmaker’s name, widely reported in local media as Kim Nam-guk, had previously been known for his involvement in the Democratic Party, one of South Korea’s two major political groups. Observers say the case has caused embarrassment for the party and placed a spotlight on the importance of improving regulatory oversight in an emerging digital economy that has captured the public’s attention and investment capital. #MarketCorrectionBuyOrHODL

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How far this will go?

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Its my time!❤️⌚

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