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#Bitcoin    $41,200 next?💥 Kijun 🔵 at $43.7k was the level to watch as I told you yesterday. #BTC    got rejected by it. Next support is Tenkan 🔴 at $41.2k. Also behind, lagging span 🟠 has been blocked by its tenkan. ✍️ Note that price is always choppy when progressing in the Kumo cloud. And FOMC meeting might add even more volatility. #BTc

#Bitcoin    $41,200 next?💥

Kijun 🔵 at $43.7k was the level to watch as I told you yesterday. #BTC    got rejected by it. Next support is Tenkan 🔴 at $41.2k.

Also behind, lagging span 🟠 has been blocked by its tenkan.

✍️ Note that price is always choppy when progressing in the Kumo cloud. And FOMC meeting might add even more volatility.

#BTc

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$DOGE Dogecoin has managed to recover a big part of the downside below the red $0.20 level Volatile retest is in progress and #DOGE is only +4% away from reclaiming this red level as support Still has plenty of time to reclaim it and doing well so far #Crypto #Dogecoin
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$AVAX Retest is in progress Last week #AVAX downside wicked at this support This week, AVAX is dropping below this level which may indicate that the volatile retest isn't yet over Needs to Weekly Close above red $46.41 for the retest to be successful #Crypto #Avalanche
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#BTC    3 Phases of The Bitcoin Halving 1. Final Pre-Halving Retrace The Pre-Halving Retrace has already occurred and is in the books This Pre-Halving Retrace was -18% deep whereas in 2016 it was -38% and in 2020 it was -19% deep This Pre-Halving Retrace was the final bargain-buying opportunity in the Pre-Halving period Bitcoin is only 7 days away from the Halving 2. Re-Accumulation Now that the Pre-Halving Retrace has occurred, it has set up the very foundations of the Re-Accumulation Range This Re-Accumulation Range develops a few weeks before the Halving and concludes with a breakout from it weeks after the Halving The goal now is for Bitcoin to move sideways going into the Halving and beyond The Re-Accumulation phase can last multiple weeks and even up to 150 days (i.e 5 months) Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving 3. Parabolic Uptrend Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green) It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle $BTC #Crypto #Bitcoin
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#BTC    is still just consolidating between these two levels No major trend shift as we approach the Bitcoin Halving $BTC #Crypto #Bitcoin
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WHY BITCOIN IS DUMPING?   1) High CPI Data   The US CPI data came in higher than expected.    The expectation was 3.4%, but the data came in at 3.5%.   A higher than expected CPI means the FED can continue its hawkish stance.   2) Rate Cuts Postponed    The market was expecting a rate cut in June, but after today's CPI data, the probability of it happening has gone down.   Now, the FED swaps is pricing in 50BPS rate cuts rather than 75BPS, and that too will happen after June.   These are the major reasons behind BTC's recent dump.   If you liked my analysis, hit like and repost it. #bitcoinhalving
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