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Coin : BTC / USDT - SHORT SIGNAL Time Interval: 1h 🕗 Price : $63034 ------------- Based on the technical indicators for BTCUSDT on the 1-hour timeframe, I recommend selling. The price is currently below the key SMAs and EMAs, indicating a bearish trend. Additionally, the RSI is at a low level, suggesting a potential further downward movement. 🟢 Take Profit: $62000 🔴 Stop Loss: $63500 $BTC #BTC #bitcoin

Coin : BTC / USDT - SHORT SIGNAL

Time Interval: 1h 🕗

Price : $63034

-------------

Based on the technical indicators for BTCUSDT on the 1-hour timeframe, I recommend selling. The price is currently below the key SMAs and EMAs, indicating a bearish trend. Additionally, the RSI is at a low level, suggesting a potential further downward movement.

🟢 Take Profit: $62000

🔴 Stop Loss: $63500

$BTC #BTC #bitcoin

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⚠️ Ethereum Is No Longer ‘Ultrasound Money’ After Dencun Upgrade: Analysts Ethereum’s latest upgrade may have worked a bit too well, bringing unwelcome consequences for long-term Ethereum (ETH) investors. As advertised, the Dencun hard fork slashed transaction fees by over 90% on multiple Ethereum layer-2 networks shortly after going live on March 13. the median Ethereum transaction fee today is up to four times lower than before Dencun when comparing periods of similar network activity, according to market intelligence platform CryptoQuant. With users paying less in fees, however, the Ethereum network is now burning the circulating ETH supply at its slowest rate since the Merge in September 2022. In fact, the burn rate is now so low that ETH has returned to being an inflationary currency, regularly issuing more units than are burned in a given period. “We conclude that, at the current rate of network activity, Ethereum will not be deflationary again, and the narrative of ‘ultrasound’ money has probably died or would need much higher network activity to come back to life,” CryptoQuant analysts in a weekly research report on Wednesday. “Ultrasound money” became a popular nickname for Ethereum after the Merge, which changed the consensus mechanism for the second largest cryptocurrency by market cap from proof of work to proof of stake. The upgrade also cut the issuance rate of new ETH by 90%, bringing it below the amount that the network burned through fees. Ethereum faithful eagerly used that fact to needle Bitcoiners, who have proudly championed Bitcoin (BTC) as “sound money” thanks to its fixed supply of 21 million coins. Theoretically, Ether was now superior “ultrasound money” with an actively decreasing supply, making it a better long-term store of value. But with ETH’s inflation rate back above zero, that argument is gone—and a revival in network activity may still fail to bring it back. As CryptoQuant noted, fees burned on Ethereum were positively correlated with network activity up until Dencun, after which they fell like a rock. $ETH #ETH #Ethereum
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🔥 Worldcoin (WLD) Skyrockets Beyond $6: Crypto Experts Analyze Bullish Concerns 🔸 Worldcoin, a trending cryptocurrency, recently surpassed the $6.188 level, giving investors hope for an uptrend. 🔸 Despite this positive shift, the buying pressure remains weak, indicating that it might take some time for the momentum to gather strength. 🔸 With allegations of financial misconduct and a struggling Bitcoin market, Worldcoin bulls could be facing challenging weeks ahead. Worldcoin surpasses $6.188 level amidst weak buying pressure and allegations of financial misconduct, leaving investors in a state of uncertainty. 🔺 Worldcoin’s Bullish Shift Amidst Controversy Despite being embroiled in controversy due to allegations of financial misconduct, Worldcoin [WLD] was trending on the 6th of May. The momentum seems to favor the bulls, but the volume indicator paints a less promising picture. With Bitcoin [BTC] also struggling to trend upward, the future for WLD bulls could be challenging. 🔺 Positive Reaction in the HTF Demand Zone In mid-December 2023, the $3.72-$4.79 region formed a bearish order block on the 1-day timeframe. The February rally shifted this to a demand zone that was retested in mid-April after the extensive losses of recent months. Worldcoin retraced into this former resistance zone, now demand, and bounced twice in the past month. However, the OBV was unable to climb past former local support, indicating that, despite the price bounce, the buying pressure was minimal. 🔺 The Future for Worldcoin Bulls The question now is whether the bulls can keep the uptrend going. Large clusters of liquidation levels act as magnets to the price. AMBCrypto analyzed the liquidation levels heatmap and found that the $3.84-$4 region was the area with the greatest amount of liquidity. However, it was also pretty far away, sitting 35% lower than the current Worldcoin price of $5.91. To the north, the $6.6-$7.2 was also a liquidity pool that was closer to current market prices but not as deep. $WLD #WLD #WorldCoin
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