First Ilon Musk flies to Israel to save his reputation. And then, when Apple, Disney and other companies didn't resume buying ads on Twitter, offers them love games in a crude way - Go f**k yourself 🕑

Swiss-based financial company Pando Asset also decided to jump on the departing train and applied for a spot bitcoin-ETF 🥇

IOTA got its pampa moment of fame after launching a $100 million fund in Abu Dhabi. Altcoins keep firing, especially if their team can come up with an interesting reason 💵

Scam exchange FTX has received approval to sell $873 million in assets, of which about $700 million is for Grayscale Bitcoin Trust shares 🎎

The only reason 💰Bitcoin is not at an all time high in the Dollar is because the USD is the political currency that dies the slowest.

Few.

🚨BREAKING: 🇭🇰 Hong Kong's Securities Commission says its "prepared to accept" 💰Bitcoin  ETF applications

#BTC - got rejected from $48,000 🙅‍♂️

Yesterday, we saw confirmation of what I've been repeating for last couple of months - while the ETF approval will cause market growth in mid term, in the short term, it will trigger a correction.

👉 Take a look at the chart - before the official announcement and start of trading, #BTC was steadily rising, approaching $48,000 again. Immediately after the announcement, we saw a decline.

As rumors were already factored into the price, the market anticipated the ETF launch in advance. Now, attention is shifting to the potential Ethereum ETF, creating new wave of hype. Until this news plays out, I expect a notable increase in interest in #ETH.

💁‍♂️ While I expect a continuation of #BTC rally, for the ETF launch to greatly impact the crypto cap, it takes time. The new product must gain recognition among traditional market participants. That's precisely why we see active marketing campaigns from ETF issuers.

🔵 #ETH - trading above the ascending wedge ⬆️

Despite the correction, the #ETH chart shows numerous bullish signals: long shadows, ascending structure, holding above the trendline, a false breakdown of support - another trap from the market maker.

Considering these factors and technical indicators dipping below neutral, the market is seems like to be gearing up for further growth.

Ascending wedge breakout is also a bullish sign for #ETH. However, given the broader correction, I'd wait for a confident retest of its upper limit before opening positions. If sellers fail to push the price back into the wedge, I'll consider a mid-term long position.

📊 The nearest resistance level for #ETH and our first TP would be around $2760, the highest point since May 2022.

🥇 #BTC - evident capital outflow ⚖️

Selling pressure on #BTC is intensifying. Despite buyers stepping in around the lower limit of the ascending structure, a quick look at the order book shows that this support block is losing liquidity by the minute.

📊 While globally #BTC is still in an ascending trend, the current situation hints at a continued correction. Profit-taking, strong miner pressure, and, importantly, the whale capital outflow may provide us with an opportunity to buy below $40,000.

It's because smart money always moves with the best profitability. And it's one of the reasons why #ETH, #SOL and #BNB are on the rise. New markets within their networks offer much more profitability with much lower risks than trading or traditional investments.

👉 We've seen it in 2023 - a significant part of profits was taken by those who adapted to the new market trends. Not just buying random coins; but sustainable capital growth and leveraging new earning methods that decentralized sector has to offer.

🟢 Tether has released its 2023 Q4 financial report:

⚫️A record-breaking Q4 net profit of $2.85bn
⚫️2023 yearly net profit of $6.2bn
⚫️Its excess reserves registered an all-time high increase of $2.2bn, totalling $5.4bn
⚫️Cash and cash equivalents cover 90% of all issued tokens
⚫️Achieved new record highs in both direct and indirect ownership of US treasuries, with $80.3bn exposure

🥇 Cathie Wood tells Bloomberg she's still confident in Bitcoin hitting $1,000,000 by 2030.

"The more uncertainty and volatility there is in the global economy, the more our confidence increases in Bitcoin."