FTX telegram admins release statement saying the exchange has been hacked.

Bitcoin's previous daily candle closed below its resistance level of 17500$. A further selloff was prompted today by reports of the FTX Exchange hack, Due to the weekend closure of the financial markets, there is currently a low trading volume, which makes the market highly volatile. Avoid High leverage trading until market stabilized and manage your risk properly.

BTC closed its daily candle red at $16329.

Support: $support will be $15,600

Resistance is at $17,500 and $18750.

Don't panic - its just another SHAKE OFF.

Only one rule: Control your emotions.

For the first time in months #BTC hashrate is dropping hard! Miners started to capitulate, which is one of the signs of the nearby bottom!

The Federal Reserve just raised interest rates by 0.5%.

Here's the market reaction in Stocks, Gold, Bitcoin and the Euro.

#Bitcoin trying to remain bullish market structure. Price took a short pull-back to the resistance, say retest. Now, its a strong decisional point, either price rejects hard and will made a new Lower Low or Break above for a potential new Higher High.

XRP/USDT
High risk signal but newbies can enter with very tiny amount. SPOT ONLY.
Exchange: MEXC only! Other exchanges not valid!
Entry range: 0.407-0.365
Stoploss: 0.33
Targets: 0.45, 0.515, 0.60, 0.70

Contact: @ChannelAdminSupport

#BTC/USDT is trying to reclaim back above 50 MA on monthly timeframe🧐

50 MA on Monthly served as bottom since it's appeared in 2015

Will be a BULL sign if we manage to regain back above 50MA.

🚀

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#MARKETUPDATE

Bitcoin resistance  -  $23,300 and $24,000

Bitcoin support - $22,500 and $21,500

This weekly close is very important.

@ChannelAdminSupport

Bitcoin (BTC) Analysis – 4Hr:
As we can see from attached BTC chart that Bitcoin was not able to break the resistance range with volume of 23171. But because of lack in buying volume BTC did not succeed to break it. It’s trading above the support 22515 and trying to make this as strong support to move ahead with strong base. Our price ranges are - Support level are 22515, 21830, 21055(Buyers are active on these levels) and Resistance levels are 23170-23854, 24450. (Sellers are active on these levels)

Btc may retest support of 21500.
Its weekly closing.
Stay away from any trade its Recommended.
But if you want to make entries you can make on support levels as mentioned in market update.
For further uptrend BTC should retest the 21500 support.

Oversold Gems on Weekly timeframe. List:

Oversold vs. BTC & USDT Mc (gaming)

Oversold vs. BTC
Cfx (blockchain)
Tlm (game)
Bnt (DeFi)
Oxt (privacy)

Oversold vs USDT
QI (Defi)
You Can accumulate some of them.
Personally I am filling my bag with CFX & OXT.

Crypto market update

Bitcoin resistance - 23,300 and 24,000 dollars resistance
Bitcoin support - 22,500 and 21,500 USD strong support

Buy on every support with proper calculation.For now, we had a neutral/positive weekly close and we seem to be doing good but today could be slow so don’t expect big movements unless exchanges decide to liquidate shorts and longs BOTH!
We have had slightly positive hourly and 4H closings so mostly looking good.

Over the recent 8 years, #Bitcoin  has always been growing during the 10 days after the Start of Chinese New Year.

How beautiful BTC retest support level of 22500. Hopefully you all must book profit.

T2 Achieved within hours! ✨️
Enjoy profits

ETH/USDT trade was given in Premium ☝️