🚨FXS / USDT : 1H
• The price is currently trading in an uptrend, following the 200 EMA. The price is in a correction phase and has recently bounced back from the 200 EMA, breaking out of the trendline.
• The anticipation is that the price will continue its upward trend and potentially test its previous swing high as a target.
Buy : $9.91
TP : $10.48
SL : $9.53

Could Grayscale continue to be a contra indicator?

#Grayscale moved 5,044 $BTC = $364.75M to #CoinbasePrime and 3 Fresh wallets.

Previously, when few noticed Grayscale's $BTC deposits to #CoinbasePrime, prices typically dumped. However, with increased attention, this trend may no longer hold true.
In fact, the most recent Grayscale deposit to #CoinbasePrime saw prices surge from $40k-$42k, flipping the script entirely. This news seems designed to steer a bearish market to shake out retailers.

Therefore, in light of such news, it's crucial for traders to discern legitimate updates from those meant to manipulate sentiment, avoiding traps.

Note: Market Makers may leverage such news to induce short-term corrections and threaten holders

🚀 Get ready for the launch of Hong Kong's first Spot Bitcoin ETF! 🇭🇰 Harvest Fund Management leads the charge, aiming to debut after Lunar New Year. 🌕 This move signals Hong Kong's push into the crypto spotlight, with regulators poised to approve these regulated investment avenues. 💼 Don't miss out on the opportunity to tap into the potential of digital assets in Asia's financial hub! 💰

🚀Market Overview on January 30th

📌 Price Movements in the Last 24 hours:
BTC surged significantly from $41.9k overnight following news of BlackRock & VanEck advertising their ETF products on Google.

The crowd is viewing the market positively as last week's candle closely resembles the candle of the dump week of March 6th, 2023.The entire market is in the green, with BTC outperforming and BTC dominance continuing to rise.Over $143 million in stablecoins were deposited into exchanges in the past 24 hours.

📌 Biggest Gainers/Losers:
$SUI (+15%)$TAO (+13.9%)$ORDI (+11.4%)

📌 Prominent Trends on Binance:
DePIN: $RNDR, $STORJ...Newly listed: $ALT, $ORDI...

Key macroeconomic indicators to watch this week 🔥
📍 2/1 2:00 AM: FED Interest Rate Decision
Forecast = 5.5%, previous = 5.5%Maintaining or lowering the rate is favorable for Crypto
Given the recent leniency of the FED with interest rates, it is expected that the agency will continue to keep rates between 5.25% - 5.5%. Most forecasts are leaning towards this scenario.
However, with recent CPI increases, the biggest question is whether the FED will change its stance on rates in the near future or not?
📍 2/2 8:30 PM: Non-farm Payrolls Report
Forecast = 177K, previous = 218KLower than forecast is favorable for Crypto
This month's employment data continues to be forecasted lower than the previous month. Meanwhile, the unemployment rate is expected to slightly increase to 3.8%, and hourly wages remain unchanged from before.
It's currently challenging to predict the final outcome. However, in the last two releases, Non-farm Payrolls data has exceeded forecasts.

Market overview on January 29

📌 24-hour price movements:
- The market temporarily adjusted slightly after the last 2 days of a green increase.
- BTC closed the weekly candlestick green, retreating strongly from $38k5 to the $42k area.
- This week there will be news about FED's interest rates, which is expected to cause market fluctuations.
- More than $31 million in stablecoins were deposited into Nansen exchanges in the last 24 hours.

📌 Strongest increase/decrease:
- $MANTA (-7.6%)
- $HNT (-6.4%)
- $CHZ (-6.3%)

📌 Outstanding cash flows on Binance:
- Layer 1: $INJ, $AVAX
- Avanlanche Ecosystem: $AVAX,$JOE

10 PREDICTIONS FOR THE NEXT #CRYPTO BULL RUN 👇

💎 $BTC achieves a new ATH of $100,000

💎 $ETH peaks at around $15,000

💎 Total Crypto Market Cap reaches $8-10 Trillion

💎 $RIO dominates the #RWA narrative, hitting a $1B Market Cap

💎 $KAS surpasses $XRP & $SOL to enter the top 5

💎 #AI is one of the most hyped sectors, with $TAO $QUBIC $GNC as leaders

💎 $QNT $INJ & $RNDR are safe bets securing 20-50x returns

💎 Fundamentally strong L1’s like $TRIAS $AZERO $SPACE produce life changing returns

💎 $NAKA hits $50, becoming one of the top #Gaming Altcoins

💎 Fair Launched projects like $CHNG $NEXA $DIONE see 50-100x gains

$BTC

Mystery new Bitcoin whale buys another 612.5 $BTC acquiring a total of 11,005.82 Bitcoin in just 29 days!

Who's waiting #BTC goes up 40K? Give me your hand!

[Daily Report with Jenny Mi] News Update on Saturday - November 25

- BTC traded above $38,000 today and made a new year high.

- Hong Kong’s Victory Securities to Offer Digital Asset Services in Retail Markets.

- Nansen Users Swamped With Phishing Emails After Data Leak.

- Fallen FTX Founder Sam Bankman-Fried Becomes a Mackerel Trader In Prison (Not a joke btw).

- Financial Analyst Jim Cramer Admits He Was Wrong On Bitcoin.

- Gate(.)io Implements Zero-Knowledge Tech in New Proof of Reserves Method.

- L2 Protocol Blast Secures $230M TVL in 48hrs as Yield Concerns Arise.

- HTX (Huobi Global) to Resume Deposits and Withdrawals After $13.6 Million Exploit.

[Daily Report with Jenny Mi] Crypto News on Black Friday! 🔥

- Ex #Binance CEO @CZ twitter account was shortly restricted but soon after restored.

- Bitcoiner Pays $3.1 Million Transaction Fee - Potentially On Purpose.

- Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC.

- CryptoQuant Reports Decline in Binance’s Bitcoin Reserves as Retail Flow Shifts to Coinbase.

- Binance’s Total Asset Holdings Still Remain Stable However After DOJ Settlement According To Nansen.

- Vienna-Based Raiffeisen Bank Expands Services to Include Crypto Trading.

- Bitcoin Hash Rate Taps All-Time High Ahead of Next Year’s Halving.

- KyberSwap Hacked for $48 Million, Hackers Suggest Negotiations.

- Former Binance CEO Changpeng Zhao Still Worth $15 Billion Despite Guilty Plea.

- Binance Wallets Move Approximately $4 Billion in Stablecoin Ahead of DOJ Settlement.

- JPMorgan Says #Binance’s Record $4.3B Settlement Removes ‘Systemic Risk,’ Calls It ‘Positive’.

- Analyst: BlackRock is Holding Meetings With the SEC About its Bitcoin ETF.

#BTC #cryptonews #CryptoNews🔒📰🚫

👱‍♀️Let's see what happen with M2 Global Wealth Limited ($MMX)

⚽️ Balance Change with Holding, 24H, 14D respectively 👇
◦ Top 50 Holders:
494.92M, -0.04%, -0.7%
◦ Whale:
489.82M, -0.06%, -1.13%
◦ Smart Money:
741.96K, -3.02%, +2466.7%

💎There are 13 Smart money wallet has been in this GEM

◦ Balance: 741.96K

◦ Balance Change 24H: -23.13K, -3.02%

◦ Balance Change 14D: +713.06K, +2466.7%

[Report with Jenny Mi 👱‍♀️] Shiba Inu potentially getting ready for volatility spike as price remains stagnant 🐶

Shiba Inu ($SHIB ) is currently consolidating above a significant support level. This price action is being closely watched by traders and investors as a potential indicator of an upcoming rally.

The chart indicates that SHIB has settled into a pattern of consolidation after a volatile period. This phase of market equilibrium often serves as a prelude to a significant move. For $SHIB , maintaining the price above the current support level is crucial. This support acts as a psychological barrier for market participants and as a tangible sign that the asset has enough buying interest to prevent a further decline.

Consolidation above support levels allows the market to build momentum as it indicates accumulation by investors. In SHIB's case, this can be seen as laying the groundwork for a potential upward trajectory. The longer the price hovers above this level without breaking down, the stronger the foundation for a possible rally becomes.

In a scenario where $SHIB bounces off the support, there are a few factors to consider that could contribute to a surge forward:

- Volume: An increase in trading volume during the bounce would signal strong market participation and conviction in the asset's bullish potential.

- Market sentiment: Positive news, such as adoption by retailers or integration into new platforms, could catalyze investor interest and drive prices up.

- Technical indicators: A bullish crossover in moving averages or a breakout above resistance levels on higher volumes could confirm the start of a rally.

- Broader market conditions: If the overall crypto market becomes bullish again, SHIB could benefit from positive sentiment and increased investor appetite for riskier assets.

Consolidation above the support suggests that investors are willing to step in and purchase the token at this price level, reflecting a certain degree of conviction in its value proposition.

[Daily Report with Jenny Mi] $XRP Relisted on Major Cryptocurrency Exchange After Moving up 85% Year-to-Date 🔥

In a new announcement, popular cryptocurrency exchange CEX.IO has announced that XRP is now once again available to its users in the US, after a landmark court decision saw a federal judge determine that Ripple’s systematic sales of XRP did not constitute an offer of investment contracts and that XRP wasn’t a security when sold on the secondary market.

The listing comes at a time in which the price of XRP has been surging, with the cryptocurrency moving up over 26% over the past month and over 85% so far this year.
The SEC’s lawsuit against Ripple in late 2020 led to various major crypto exchanges dropping the coin from their platforms, fearing feared that offering XRP trading could expose them to legal and regulatory risks. The lawsuit saw platofmrs including Coinbase, Kraken, and others drop their support for XRP at the time.

Last month, the Ripple community had two reasons to celebrate. First, the US magistrates dismissed the SEC’s attempt to overturn the initial ruling. Second, the charges against CEO Brad Garlinghouse and Executive Chairman Chris Larsen were dismissed, with these victories resulting in the largest single-day increase in XRP’s value in several months .
As reported,  historical XRP price data shows that over the past five years November has predominantly been unprofitable for XRP, except for 2020 when it saw a significant 178.3% gain.

#XRPUpdate

First time using Binance, Jenny hope that Jenny can learn more about crypto knowledge here! 🫠
🥺What tokens Jenny should invest first, mates?

#MyFirstSquarePost #binanacesquare #Binance