#Alert🔴 #downtrendBTC #downfall #short_sell #altcoins
Stat alert

🔴 #MtGox are transferring $BTC .
🔴 Has transferred 12,240 $BTC ($843.6M) and more than 25,000 BTC to a new wallet and still holds 125,651 $BTC ($8.66B).
That cause #Btc  dump yesterday and retraced whole breakout pump and trap retailers.

The cryptocurrency market is currently quiet, with low trading volumes and little volatility. Although there's a slight uptick in Bitcoin trading volume, it's not enough to trigger a significant upward trend. Analysts are watching key resistance levels at $69,750 and $69,115. Breaking these levels might cause temporary price spikes without lasting momentum.
Upcoming Economic Events
This week's economic events could impact the cryptocurrency market:

1. CPI and Inflation Rate Announcements: Later this week, these reports will reveal inflation trends. Rising inflation often increases cryptocurrency volatility as investors look for alternatives to fiat currency.

2. Federal Reserve Press Conference: On Wednesday, the Federal Reserve's press conference might hint at future monetary policies. Signs of tightening measures or rate hikes could push Bitcoin and other risk assets down.
Cryptocurrency Analysis
Several cryptocurrencies show potential but need careful monitoring:

- Injective (INJ): Promising but high-risk. Consider a long position only if it closes above $28.5 on a 4-hour candle.
- Chiliz (CHZ): Needs to break above 13.2 cents to show bullish signs. Exercise caution until then.
- Polymesh (POLYX): Shows potential. Look for a daily close above 48.5 cents or a breakout above 50.5 cents for a strong bullish trend.
- Oasis Network (ROSE) and Hedera Hashgraph (HBAR): Both are volatile but have growth potential. Wait for stable trends before investing heavily.
General Investment Advice

- Wait for Bitcoin Confirmation: Hold off on significant market moves until Bitcoin shows clear trends. Its performance will likely influence the broader market.
- Be Cautious of Low Volume and Liquidity Grabs: Low volumes can cause sharp, sudden price changes. Watch out for liquidity grabs that might lead to quick reversals.
- Monitor Bitcoin’s Direction: Aligning your trades with Bitcoin's movement can help manage risks and seize opportunities.
In summary, with the market's current low activity and potential volatility, strategic patience and careful monitoring of economic indicators and cryptocurrency signals are essential.
#bitcoin #Trading #downtrendBTC #MarketAnalysis #altcoins