BTC UPDATE

Bitcoin broke out of the bullish flag, that’s good, but not enough. To turn back into full Bull Mode, Bitcoin must break through the $62,000 resistance on a strong impulse (just as it did with bull flag).

The sooner it happens, the better. Otherwise we fall to $58,100 support again.

Solana surpassed all first-level blockchains combined in terms of trading volume on DEX in 24 hours

KEEP HOLD TILL TP

We created this channel for only 1 TP and 1 SL

TP Hit ✅

We recently bought the market dip and are currently holding spot positions in profit.

Important Zones :

200 EMA - 365 EMA : Accumulation Zone.

Above 50 EMA : Up Trend Confirmation.

Buy more in Accumulation Zone or Breakout Zone.

The Hash Ribbons indicator potentially signals the end of #BTC miners capitulation!

Morning market conditions:

The market is on plus today.

BTC is now trading around $64,030,
ETH is trading above $2,759

Bitcoin dominance: 53.36%;
Fear and Greed Index: 53 (neutral);
Altseason Index: 22;
Market capitalization: $2.37 trillion

NEW: #Bitcoin ETFs saw $252 million in inflow yesterday, the highest in a month.

Bullish! 🚀

Key points from yesterday's speech by Fed Chairman Jerome Powell:

✔️It's time to adjust monetary policy
✔️Inflation "is on track to 2%"
✔️Investors expect the key rate to be cut by 100 bps by the end of 2024
✔️All this can be considered the beginning of the transition to easing Fed policy