📊 Analysis of BTC's fall from a technical analysis perspective

After the news of Iran's missile attack on Israel broke out on the night of October 1, BTC plummeted from 66k to 60k. Based on the news and perspective of Technical Analysis, let's look back at this fall with the 5 Minute Trading team!!

The 5 Minute Trading team was "lucky" to predict this fall from September 26, a few days before the news appeared! At that time, the team also reminded everyone that if they still had a Long position below, they should gradually close their profits and prepare for the correction. So why was the team "lucky" to make a forecast for this decline?

According to Wyckoff's knowledge, on September 26, an important demand zone of buyers appeared in the 64K area, which I temporarily call a buy closing. The team warned the group members: "If the price breaks through this zone, it is likely to fall to lower support zones."

However, it is worth mentioning that the BTC price on October 30 - 1 before that collapse, on Binance and Bybit, there was no signal to break the buy stop at 64k that the team just mentioned.

Meanwhile, on GEMINI, it was different. At 6am on September 27, there was a strong selling force that left a beard and broke through the buy stop at 64k that the team had determined in advance. (Photo 2)

Thanks to observing many different exchanges and combining analysis according to Wyckoff, the team was "lucky" to predict the downward price direction a few days in advance. They also warned the group members about this price drop.

Every day, the market is always flooded with news, and whenever there is important news, prices often fluctuate very strongly. Combining news and technical analysis to predict market trends will be a great strategy to help you seize opportunities sooner!

🔥🔥🔥 Market Brief Friday - 04/10

+ US stocks on fire, Bitcoin falls below $61K as Middle East tensions escalate [CT]

+ US releases Non-farm payroll report at 7:30pm tonight
Jobs created (Forecast = 148K, last month = 142K)
Unemployment rate (Forecast = 4.2%, last month = 4.2%)

ETF Spot session 03/10 [CT]
+ BTC minus $54.3M; Fidelity & Ark sell -$95.2M, other funds take in +$40.8M $BTC
+ ETH minus $3.2M; Fidelity & Grayscale sell -$15.3M, Blackrock alone collects +$12M, other funds have no fluctuations $ETH
+ IMF again urges El Salvador to tighten Bitcoin management [CT]

+ Visa launches RWA platform to support banks issuing stablecoins, expected to pilot on Ethereum in 2025 [CT]

+ Grayscale launches Trust fund allowing users to invest in AAVE tokens [CT] $AAVE
+ HBO releases trailer for documentary claiming to expose Satoshi Nakamoto's identity [CT]
+ Revoke cash allows disconnecting from multiple protocols at once to save time revoking [CT]

+ Binance Labs invests in Sophon - Elastic chain on zkSync [CT]

🪂Airdrop
+ Participate in the first event from Blocksense - Project raising $4M from a16z [CT]
+ Babylon Staking update - Babylon Phase-1, Cap-2 [CT]
+ Update 2 free easy-to-do airdrops Hemi Network and Lyvely [CT]

🔥 BIG NEWS: HBO Claims to Have Discovered Satoshi Nakamoto's Identity

HBO has just released the trailer for its latest documentary, claiming to reveal the true identity of the "mysterious father" behind Bitcoin - Satoshi Nakamoto. 🌟

For years, Satoshi's identity has remained one of the biggest mysteries in the finance and technology world. The names often suspected include: software engineer Hal Finney, systems engineer Dorian Nakamoto, computer scientist Nick Szabo, and Hashcash founder Adam Back.

However, the majority of the Bitcoin community is against the hunt for Satoshi's identity, arguing that his privacy should be respected.

Any claim, without evidence such as Bitcoin transfers from Satoshi's wallet, is just baseless speculation!

⏰ The film will be shown next Wednesday, October 9, at 8pm (Vietnam time).

Is this just a clickbait by HBO or are they really preparing to expose Satoshi's identity?$BTC

🪙 Ripple Teams Up With Brazilian Crypto Giant to Boost Global Payments

Ripple has teamed up with Mercado Bitcoin—one of Brazil’s largest crypto exchanges—to launch an international payments service that will enable businesses to make cross-border payments 24/7, quickly and cost-effectively.

The service will initially support large institutions between Brazil and Portugal and is expected to launch later this year. It will then expand to both corporate and individual customers.

#BTC☀ $BTC

Everyone, let's watch euros, withdraw coins and 50-50 balls can still be eaten, forget about this season's coins hehe

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler declined to preemptively reveal the agency's decision on Ethereum spot ETFs, advising observers to “wait and see.”

Around 4 a.m. on May 24, Vietnam time, we will hear about the SEC's Ethereum ETF decision.

Although he reiterated that the court's decision on ETFs had caused his agency to "shift" in its thinking, when asked by CoinDesk on Thursday what the agency was preparing to do in response. Specific applications in this anticipated cryptocurrency decision, he largely avoided.

“I have nothing to say about this application,” Gensler said outside the Investment Company Institute event in Washington.

“We work within the law and the way the courts interpret the law, and that's something I'm deeply committed to,” he said, after noting on stage at the event that the agency had responded to the law. responds to the DC Circuit Court of Appeals decision rejecting the SEC's approach to spot Bitcoin ETFs earlier this year.
The SEC, after weeks of silence, abruptly asked exchanges supporting spot Ether ETF applications to refile their 19b-4 forms with uniform language earlier this week. Those forms were filed with the SEC on Tuesday, and exchanges began publishing them online that night.
The SEC also appears to have begun engaging with potential issuers, as companies such as Fidelity and Grayscale re-filed updated S-1 forms this week.#eth‬ $ETH