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Take a closer look at how the US government is embracing $BTC 

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$FTM is showing strong bullish momentum right now, but watch for rejection near resistance or a breakout for a solid trading decision. **Trend** FTM has seen a consistent upward movement from the $0.3570 level earlier in the week. The price is now near its 24-hour high of $0.4892, signaling strong bullish sentiment Resistance: The main resistance is near $0.4892 (the recent high). If FTM breaks above this, the next psychological resistance could be around $0.50. Support: Short-term support lies around $0.4581 (EMA 7) and further at $0.4479 (EMA 10). A break below these could shift momentum, with $0.4237 as a stronger support level. #CryptoMarketMoves #Write2Earn! #ftmpump

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With MATIC set to be delisted on September 10 and POL to be listed on September 13, volatility is expected as traders prepare for the 1:1 token conversion. MATIC is currently trading at $0.3761, with resistance around $0.38-$0.39. Given the impending delisting and listing event, prices may fluctuate significantly. It’s wise for traders to consider taking profits both on the upside and downside, as the market reacts to the changes. Keep an eye on key levels and any further announcements regarding the transition. #CryptoMarketMoves #Polygone #MATICUPDATE

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The market shows potential for a short-term push to $56k–$57k, but a reversal is likely after reaching resistance around $57,700. To manage profits on both sides, consider taking partial profits on the way up if the price nears $57k, and be prepared to enter short positions if the resistance holds. On the downside, aim to take further profits around $53k -$54k and monitor for a deeper decline toward $46k-$47k. This strategy balances both upward and downward movements, ensuring gains from either market direction.

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US Bitcoin ETFs have seen a $1.2 billion outflow, marking the longest streak of withdrawals. This is a signal that investor sentiment towards Bitcoin might be cooling, potentially driven by broader market concerns or profit-taking strategies. The chart shows a consistent dip in daily net flows, which could suggest a short-term bearish outlook for Bitcoin-based ETFs. Investors should monitor how this impacts Bitcoin’s price, as continuous outflows may lead to increased volatility or further downward pressure on the market. source: Bloomberg #CryptoMarketMoves #CPI_BTC_Watch #Write2Earn!

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-TRX stands out as the only cryptocurrency with a positive return of +19.5%, while all others have experienced varying levels of decline. -SOL and ETH recorded the most significant losses at -24.4% and -24.1%, respectively, which suggests these assets were highly impacted by the market downturn. -BNB experienced a relatively smaller decline, and BTC also posted a lower-than-average loss compared to other altcoins. #CryptoMarketMoves #Write2Earn! source: Monthly Market Insights Aug'24

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