The Central Bank of Russia has presented a proposal to integrate the central bank digital currency, the digital ruble, into payments in the country by July 1, 2025.
The initiative requires major Russian banks to provide digital ruble accounts, transfers and payment services.
Hong Kong is considering changes to its#cryptocurrencyregulatory framework, particularly in relation to (OTC) virtual asset trading services.
According to a recent report by the South China Morning Post, the Securities and Futures Commission (SFC) could play a greater role in overseeing the sector by working alongside the Customs and Excise Department (C&ED).
The Dow Jones fell slightly, while the Nasdaq rose thanks to tech stocks.
European stock markets are on a roller coaster ride due to volatility in energy prices and economic uncertainty.
Asian stock markets are on a mixed performance due to concerns about a slowdown in the Chinese economy and Japan's monetary policy decisions.
Cryptocurrencies #Bitcoin(BTC): Bitcoin is currently around $57,680 and is up 1.09% in the last 24 hours. #Ethereum(ETH): Ethereum is around $2,380 and is up 1.69% in the last 24 hours.
Dogecoin (DOGE): Dogecoin is at $0.103 and is down 0.97% in the last 24 hours.
Solana (SOL): Solana is at $135.87 and is up 1.01% in the last 24 hours.
Funding rates for major coins continue to be negative❗ Gemini updated. Show update
Funding rates for major coins continue to be negative❗
The negative funding rates for many major cryptocurrencies indicate that there is currently no "bullish" sentiment in the market.
In other words, most traders think that prices will fall in the short term and therefore adjust their positions accordingly.
What is a Funding Rate?: Funding rate is a concept used in derivatives markets (such as futures, perpetual contracts).
This rate is a type of interest payment made from traders with long positions (who think the price will rise) to traders with short positions (who think the price will fall).
What Does a Negative Funding Rate Mean?: A negative funding rate means that traders with long positions must pay traders with short positions. This indicates that there is a general short-term selling pressure in the market.
Friends, I did not stop the short transaction at the entrance. Somehow, I took profit, so we will add it piece by piece up to 60370 and try to buy and sell between the support resistances I drew.
In the next few days, flows targeting 62k have started to form.
I will trade flow, otherwise, I already have a short open #bitcoin
Market Order -#Atype of order where transactions involving cryptocurrency trading are carried out at the current market price. It is preferred for quick buying or selling.
- Short-term increases may continue. Levels I will follow: We can look for long transactions with confirmation at the 0.3000-0.3400 level. - Bias in Htf is short-oriented. We can follow swing short-selling transactions with sufficient confirmation as per the box I specified.
Our analyses are not investment advice.
These are our personal opinions. Expectations are attached
- For medium and long term spot purchase, we are following the sub-areas.
However, the price may come to 3000-3500 levels with a pullback. Since it is followed in htf, the pair will last a long time.
- In the short term, a short sale transaction can be sought from the area I indicated in the chart until the last low area in the pullback with the loss of the 2330 level.
Request Analysis❗️ MINA continues in a downtrend in the 4-hour time frame. The low peak that made the last bottom is at 0.5315$ . The confirmation that it has passed into a bullish structure in the 4-hour time frame is realized with the 4-hour candle closing above this price. The price made a mitigation movement and formed the AB = CD formation. The price turned back from the fib level of 0.618, which is the target of this formation. RSI gave positive divergence before the last rise of the price. With the break of 0.5315$ , it may be considered appropriate to look at the pullbacks in the direction of buying. Our analyzes are not investment advice. These are our personal opinions.
-Short selling transactions can be followed with confirme as of the specified red box. The graphic is within the extream area. For the long term, the spot product can be evaluated with confirme by considering the red line area 0.4074
- In the short term, if the increases do not violate the high (peak) point of the red box, there is a high potential to bring a new low (bottom).
- The important FVG in the daily is filled and in the 4-hour, we have a parallel channel structure that can be actively followed, persistence above 0.9770 can take the price to the 1.1205 region.
If a resistance zone is formed for the price, 0.83 - 0.67 will be the regions that can be evaluated for trade. Our analyses are not investment advice. They are our personal opinions.