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#BTC/USDT ANALYSIS
The current market conditions are marked by low trading volume, indicating uncertainty between bullish and bearish forces. MACD crossover is losing bearish momentum.
The bulls need a high volume move to break the MA 100 for the bullish confirmation, while a sustained breakdown of the horizontal support would be a bearish sign.
The current market conditions are marked by low trading volume, indicating uncertainty between bullish and bearish forces. MACD crossover is losing bearish momentum.
The bulls need a high volume move to break the MA 100 for the bullish confirmation, while a sustained breakdown of the horizontal support would be a bearish sign.
#BTC/USDT ANALYSIS
BTC got rejected after doing a fake out above the MA 200 and couldn't able to reach the descending trendline. Currently, it is trying to hold above the horizontal support.
MACD crossover and the RSI are showing neutral signs as volume is very low in the market. A good volume bounce and breakout of the descending trendline would be the bullish confirmation, while a sustained breakdown would be a further correction sign.
BTC got rejected after doing a fake out above the MA 200 and couldn't able to reach the descending trendline. Currently, it is trying to hold above the horizontal support.
MACD crossover and the RSI are showing neutral signs as volume is very low in the market. A good volume bounce and breakout of the descending trendline would be the bullish confirmation, while a sustained breakdown would be a further correction sign.
Daily Market Overview (01.09.2023)
๐ฐTop Gainer Binance
1. CYBER: +37.51%
2. BEL: +12.10%
๐ฐTop Losers Binance
1. JOE: -14.29%
2. QUICK: -10.35%
๐ฐTop USDT-โ Futures Binance
1.CYBERUSDT : +32.39%
2.BELUSDT : +11.67%
๐ฐTop COIN-โ Futures Binance
1.RUNEUSD : +2.58%
2.TRXUSD : +0.13%
๐ฐBTC dominance: 48.31%
๐นETH Dominance: 18.85%
๐Total Market cap: $1.022T
๐Total altcoin Market cap : $519.054B
๐ตStablecoin Market cap - $124,123,848,169
๐ฐTop Gainer Binance
1. CYBER: +37.51%
2. BEL: +12.10%
๐ฐTop Losers Binance
1. JOE: -14.29%
2. QUICK: -10.35%
๐ฐTop USDT-โ Futures Binance
1.CYBERUSDT : +32.39%
2.BELUSDT : +11.67%
๐ฐTop COIN-โ Futures Binance
1.RUNEUSD : +2.58%
2.TRXUSD : +0.13%
๐ฐBTC dominance: 48.31%
๐นETH Dominance: 18.85%
๐Total Market cap: $1.022T
๐Total altcoin Market cap : $519.054B
๐ตStablecoin Market cap - $124,123,848,169
#1INCH/USDT
#Long
Entry : 0.2412 - 0.2390
Targets :
0.2428
0.2479
0.2529
0.2580
StopLoss : 0.2162
#Long
Entry : 0.2412 - 0.2390
Targets :
0.2428
0.2479
0.2529
0.2580
StopLoss : 0.2162
#US DOLLAR ANALYSIS
The US dollar got rejected from the horizontal resistance and is currently retesting above the descending triangle and the MA 200. MACD crossover is turning bearish and RSI is moving toward the oversold region.
A failed retest and breakdown of the MA 200 would be the bearish confirmation, while a solid breakout of the horizontal resistance would be the bullish confirmation. We've to note that it usually works inversely proportional to the market.
The US dollar got rejected from the horizontal resistance and is currently retesting above the descending triangle and the MA 200. MACD crossover is turning bearish and RSI is moving toward the oversold region.
A failed retest and breakdown of the MA 200 would be the bearish confirmation, while a solid breakout of the horizontal resistance would be the bullish confirmation. We've to note that it usually works inversely proportional to the market.
hope you guys enjoyed fully๐๐ธ๐ธ
#TRB/USDT
#Short
Entry: 15.18-15.40
Targets:
15.10
15.00
14.89
14.75
14.55
14.40
Stoploss: 17.09
#Short
Entry: 15.18-15.40
Targets:
15.10
15.00
14.89
14.75
14.55
14.40
Stoploss: 17.09
Daily Digest (August 30, 2023)
โ๏ธ Tokenized U.S. Treasuries Arrive to XDC Network as Digital Bond Market Grows.
โ๏ธ Robinhood Wallet adds support for Bitcoin, Dogecoin and Ethereum swaps.
โ๏ธ OKX Unveils Latest Reserve Holding, Here Are its Biggest Bags.
โ๏ธ Uniswap Lawsuit Dismissed: DeFi Crypto Exchange Not Liable for โScam Tokensโ.
โ๏ธ DOJ calls SBFโs fraud allegation defense โirrelevant,โ requests additional info.
โ๏ธ Ethereum Clients Start Offering Holesky Testnet Releases.
โ๏ธ EOS secures regulatory approval in Japan, will trade against yen.
โ๏ธ Pro-Bitcoin US Presidential Nominee Francis Suarez Suspends his Campaign.
โ๏ธ Tokenized U.S. Treasuries Arrive to XDC Network as Digital Bond Market Grows.
โ๏ธ Robinhood Wallet adds support for Bitcoin, Dogecoin and Ethereum swaps.
โ๏ธ OKX Unveils Latest Reserve Holding, Here Are its Biggest Bags.
โ๏ธ Uniswap Lawsuit Dismissed: DeFi Crypto Exchange Not Liable for โScam Tokensโ.
โ๏ธ DOJ calls SBFโs fraud allegation defense โirrelevant,โ requests additional info.
โ๏ธ Ethereum Clients Start Offering Holesky Testnet Releases.
โ๏ธ EOS secures regulatory approval in Japan, will trade against yen.
โ๏ธ Pro-Bitcoin US Presidential Nominee Francis Suarez Suspends his Campaign.
#SOL/USDT ANALYSIS
SOL is moving in a falling wedge. Currently, it is facing the Ichimoku cloud and the MA 50 resistance. RSI is moving toward the overbought region. A solid breakout of the falling wedge would be the bullish confirmation, while a rejection would result in further movement inside the falling wedge.
SOL is moving in a falling wedge. Currently, it is facing the Ichimoku cloud and the MA 50 resistance. RSI is moving toward the overbought region. A solid breakout of the falling wedge would be the bullish confirmation, while a rejection would result in further movement inside the falling wedge.
#MATIC/USDT
#Short
Entry Target: 0.5755 - 0.5840
Targets:
0.57
0.5650
0.5580
0.55
Stoploss: 0.69
#Short
Entry Target: 0.5755 - 0.5840
Targets:
0.57
0.5650
0.5580
0.55
Stoploss: 0.69
The Federal Court ruled that Grayscale's petition for review be granted and the SEC's order be vacated, in accordance with the opinion of the court filed here in this date. SEC must review its rejection of Grayscale Investments' attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. BTC soared 4.1% in one hour.
RAO, Circuit Judge: The denial of Grayscale's proposal was arbitrary and capricious because the SEC failed to explain its different treatment of similar products. We therefore grant Grayscale's petition and vacate the order.
RAO, Circuit Judge: The denial of Grayscale's proposal was arbitrary and capricious because the SEC failed to explain its different treatment of similar products. We therefore grant Grayscale's petition and vacate the order.