Bitcoin Is Holding The Line - For Now!

👇1-11) Bitcoin is oversold, with influencers advising to "buy the dip" as altcoins hold steady. The 10x Research Greed & Fear Index is at low levels seen during market bottoms.

👇2-11) Bitcoin's decline is due to Mt. Gox releasing $9bn, the German government selling $3bn, miners offloading $2-3bn, ETFs selling $1.4bn, and old wallets selling $1.2bn, totaling $16-18bn.

👇3-11) Our trading signals predicted declines at 67,339 on June 12 and 61,113 on June 24, indicating deeper structural issues.

👇4-11) Hedge funds are closing positions, not rolling futures contracts due to low funding rates, with futures expiring on June 28.

👇5-11) ETF selling is now seen as bearish, suggesting institutions are exiting Bitcoin.

👇6-11) Bitcoin CME futures open interest has dropped significantly, indicating ETF sales are linked to futures.

👇7-11) Institutional ETF buying previously drove futures trading and funding rate expansion.

👇8-11) Arbitrage funds account for 30-40% of Bitcoin ETF inflows.

👇9-11) Recent futures liquidations are minor compared to 2021-2022.

👇10-11) Money inflows paused, contributing to a three-month consolidation.

👇11-11) Overly bullish futures traders and flat Bitcoin ETF buyers may lead to further liquidation, with Bitcoin possibly dropping to 50,000. #CryptoTradingGuide #BTC☀ #altcoins #eth

The latest analysis suggests that Ethereum (ETH), Toncoin (TON), Uniswap (UNI), and Monero (XMR) could experience rallies if Bitcoin clears the $68,000 mark. Here are the main points:

Bitcoin's Situation:

Bitcoin (BTC) has dropped over 4% this week, indicating bear activity near $70,000.

We are treating the dip to $66,600 as a buying opportunity.

To sustain buying in ETH, TON, UNI, and XMR, Bitcoin needs to rise above $68,000.

Bitcoin is currently fluctuating between $64,602 and $72,000, with critical support at $60,000.

Ethereum (ETH):

ETH is rebounding from its recent drop below $3,400, driven by the anticipated launch of spot Ether ETFs.

ETH needs to rise above the 20-day EMA ($3,612) to signal the end of the correction and aim for $3,730 and $3,977.

Failure to hold above $3,612 could lead to a decline to $2,850.

Toncoin (TON):

TON completed a bullish ascending triangle pattern, breaking out of $7.67.

If TON maintains above $7.67, it could rally to $10.

A slip below $7.67 may lead to a drop to the uptrend line or $6.

Uniswap (UNI):

UNI has risen from the 50-day SMA ($9) to the overhead resistance of $12.

If UNI surpasses $12, it could rally to $13.34 and $15.

A drop below the 20-day EMA ($10.24) could pull UNI back to the 50-day SMA.

Monero (XMR):

XMR's buying accelerated above $153, and it is currently testing $180.

A break above $180 could propel XMR to $190.

A sharp decline below the 20-day EMA ($163) could see XMR fall to $153.

In summary, while Bitcoin's performance remains critical, we suggest potential bullish moves for ETH, TON, UNI, and XMR if Bitcoin can stabilize and rise above key levels.

not financial advice

#ETHETFsApproved #tonecoin #XMR/USDT #Uniswap’s $BTC
$BTC

The recent US CPI (Consumer Price Index) and FOMC (Federal Open Market Committee) developments and their potential implications for Bitcoin. Here are the main takeaways:

1. CPI Impact: The US CPI came in at 3.3%, slightly lower than before. Historically, lower CPI figures have boosted Bitcoin prices, contrasting with declines during periods of higher inflation like earlier this year.

2. Inflation Trends: The report suggests US inflation likely peaked at 3.5% in April and anticipates a decline going forward. This expected moderation in inflation is viewed positively for Bitcoin.

3. FOMC Analysis: The FOMC's recent stance, initially perceived as hawkish due to expected adjustments in interest rate projections, has influenced market sentiment. Despite the Fed's indication of fewer rate cuts, market expectations remain optimistic, potentially benefiting Bitcoin.

4. Market Dynamics: Market sentiment continues to reflect optimism, with expectations for rate cuts remaining higher than the Fed's revised projections. This sentiment is seen as supportive for Bitcoin's price.

5. Investment Advice: The analysis recommends favoring Bitcoin over other cryptocurrencies like Ethereum, based on historical trends linking lower CPI with increased Bitcoin value.

In summary, economic indicators such as CPI and FOMC decisions to potential impacts on Bitcoin, indicating a favorable outlook based on recent data and forecasts.
$BTC #BTCFOMCWatch #CPIAlert #altcoins #TopCoinsJune2024 #bitcoin
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