#BTC

At the moment, the price has rolled back a little, but I think we will see another decline to the support zone.

In general, after a small rollback, we can continue the decline.

Local support level is $61,500, I will watch the reaction there 👀

As I shared with you in our telegram channel, we expect the price to fall to the level of 60.000$ and below.
We were able to successfully make money on this🫡

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🟠Let's look at the situation with $ BTC.
Recently, we see that the price is moving in an upward trend and has now reached critical levels that require a reaction from sellers.

🚀 In addition, we are seeing a large accumulation of liquidity at the $62,000 level, which acts as a strong magnet for the price.

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🪙 Sentiment: It may take some time to reach a new all-time high because the audience may have to curb their own expectations.

There are currently 1.8 bullish posts for every bearish post related to #BTC. Historically, markets have always moved contrary to audience expectations.

🚀🤬 Historically, coincidence or not, Bitcoin has typically risen in price after elections.

STH MVRV is currently at the same level it was in November 2023, just before the move up to $73K.
In both cases, the figure was above the 155-day average of MVRV.

🔥🇨🇳 Analysts predict that BTC could rise to $78,000 in the coming weeks in light of the “stimulus package” announced for the Chinese economy.

The People’s Bank of China (PBOC) will provide $140 billion in liquidity to the financial system by cutting the reserve requirement ratio (RRR*) by 50 basis points. + They also relaxed the rules for buying real estate and will recapitalize the largest banks for the first time in more than 10 years. (Cointelegraph)

*RRR is the reserve requirement rate for banks.

#ETHUSDT
Ethereum closed today above $2460, so we saw a rally to the $2550 region.
Ethereum has risen about 15% over the past few days, even without a correction...
I would like to see a rally to the $2600 level over the weekend, followed by a small sideways movement, and then a small break and decline next week.
The immediate targets are $2460 and $2350, from here we will immediately assess which level we will get a rebound from.
Overall, the weekend will be interesting for altcoins, so we will continue trading 📊.

🐂 Quinten Francois, co-founder of WeRate, said that the Bitcoin bull market could resume in the next 22 days based on historical cycles and current data.
Francois said that Bitcoin’s average cycle starts about 170 days after the halving and peaks at 480 days.
As of September 15, it has been 147 days since the last halving. CryptoQuant CEO Ki Young-ju highlighted key levels for Bitcoin: $62,000, $55,000, and $43,000.
These levels represent average costs for different investor groups and are considered important psychological and technical targets.

📈 Bitcoin offers three buying opportunities before it goes parabolic.

First, it is near the bottom of the market.

Second, a few months before the halving.

The last one is right after the halving. This may be your last chance to buy Bitcoin at a low price, as its price may enter a parabolic uptrend.

The average funding rate has remained in a bullish trend for 381 days. Bulls have dominated the futures market for over a year now.

Bitcoin is currently at $60,000, which is 4-6 times less volatile than in 2021.
$60,000 is no longer an explosive level dominated by speculators, but a consolidation zone where long-term and mature investors accumulate.

New levels are established cycle after cycle.

$60,000 is now the new $20,000. In fact, the bottom of the upcoming crypto winter is currently forming.

What do you think?

#волатильность
#BTC

Polygon has officially switched from the MATIC token to the#POLtoken.
The upgrade has been completed successfully. The main change will be the introduction of a new emission rate of 2% per annum for POL.
Half of this emission amount will be distributed as a reward to network validators, and the remaining half will be transferred to the community treasury to finance the development of the ecosystem.

🤯 When Bitcoin Price Reaches $65,000, $5.5 Billion in SHORT Positions Will Be Liquidated
#BTC

📊 Top 10 Blockchains by TVL (Total Locked Value) Growth in August

🕐 How quickly things change!
In 2021, BTC surpassed the $1 trillion threshold, but it could not maintain this level for long. By 2024, BTC will become a common trillion-dollar asset.
Currently, the market cap of BTC is $1.13 trillion, and there are 19.75 million BTC in circulation.
A total of 21 million BTC can be produced.

🤯 According to Coinglass, if the BTC price suddenly rises to $65,000, the liquidation volume on SHORT positions could reach $6,650,000,000.

$BTC Price has formed a descending wedge which is a very strong bullish pattern. 🔝 If a breakout occurs, the potential profit could be 5.38% on the spot move.

🚩 The American stock market lost more than $2,900,000,000,000 today - this is the highest decline since March 2020 (Covid-19 period). Japanese stocks suffered their highest losses since 1987.

🎯 FT: Global stock market falls due to growing risk of recession - disappointing earnings data from tech giants (Amazon and Intel) + US labor market.

💵 Net inflows into US Bitcoin ETFs yesterday = +$422.67 million – the highest level since early June.