#BTC on its verge to give a break below of the consolidation, which may lead the price down till $25,450 area of support. Well, we can anticipate volume US Market open otherwise, we may see this consolidation this whole week again.

#BCH break the range to the upside and doing a retest now. Scalp buys possible till resistance around $212, if price remains stable or move up. In case of Trendline break, Shorts will be high probably to take, so risk it accordingly.

When the #BTC price moves suddenly, we can see the magnitude of supply that falls into loss via changes in the Percent Supply in Profit metric.

Here we see that 12.8% (2.48M #BTC) of the supply fell into an unrealized loss this week, setting a lower low on this metric. This suggests that 'top heaviness' in spot markets may also be a factor in play.

What is Difficulty ?

"Difficulty" refers to a dynamic parameter that determines the level of effort required to mine new blocks and validate transactions on a blockchain network. Difficulty adjustment is a fundamental mechanism designed to regulate the rate at which new blocks are added to the blockchain, ensuring that the process remains consistent even as miners' computational power changes.

The difficulty level is a crucial element of Proof-of-Work (PoW) consensus algorithms, such as the one used in Bitcoin. In PoW, miners compete to solve complex mathematical puzzles, and the first miner to solve it gets the right to add the next block to the blockchain. The difficulty is set to ensure that a new block is added approximately every 10 minutes, regardless of the number of miners participating.

When more miners join the network or their computational power increases, the average time to mine a block would decrease if the difficulty remained constant. To counter this, the network automatically adjusts the difficulty upwards. Conversely, if miners leave the network or their computational power decreases, the difficulty is adjusted downwards to prevent long block times.

For example, if the network's hashing power suddenly doubles due to an influx of new miners or improved hardware, the network's algorithm would increase the difficulty to ensure that blocks are still added roughly every 10 minutes. This keeps the rate of coin issuance and transaction validation consistent.

Difficulty adjustments maintain the stability and security of blockchain networks. If difficulty were too low, blocks would be mined too quickly, compromising security. Conversely, if it were too high, blocks would take too long to mine, leading to slow transactions and reduced network efficiency.

Here's the Analysis of #BAKE :

#BAKE is been hovering over the major support zone of $0.0821 - $0.0838 and expected price to reach over there. Volume is pretty much lower, a flip above the zone will still not good unless market moves. No opportunities as of now, so wait for the price to reach the major level.

#BTC is been still consolidating in a range and expecting this to continue. This might due to we have some high impact news over this week, which might create as massive moves in the market. Just a have eye on breakout, in #Bitcoin and other major coins.

If we look to the response by Long-Term Holders (LTHs), we can see that there is almost no response. The LTH cohort did not meaningfully increase volume sent to exchanges, and their aggregate balance actually ticked up to a new ATH this week.

#Greed and Fear Index Entering the Fear Mode again. The market is below 40, since the huge dump and which create, uncertainty over the market.

What exactly is a Fear and Greed Index?

The Crypto Fear and Greed Index analyzes a basket of different trends and market indicators to determine whether the market participants are feeling greedy or fearful. A score of 0 indicates extreme fear, while 100 suggests extreme greed. A score of 50 shows the market is somewhat neutral.

A fearful market could be an indication that cryptocurrencies are undervalued. Too much fear in a market can lead to overselling and excess panic. Fear doesn't necessarily mean that the market has entered into a long-term bearish trend. Instead, you can think of it as a short or mid-term reference to overall market sentiment.

Greed in the market is the opposite situation. If investors and traders are greedy, there's a possibility for overvaluation and a bubble. Imagine a situation where FOMO (fear of missing out) causes investors to pump the markets, overvaluing Bitcoin’s price. In other words, the increased greed may lead to excess demand, artificially inflating the price.

Here's the Analysis of #TRX :

#TRX is been kinda consolidating in a range between the Resistance around $0.0775 - $0.0779 and Support around $0.0757 - $0.0760. Well, market plays a very positive move, so Wait for break either side, as range is not good enough to take it.

#Bitcoin gave a strong breakout with the news in NewYork Market open. Price nearly Retested the Resistance zone around $28,000 and higher. Well, it might getting a rejection and move lower. More High Impact News coming ahead, Eyes on it.

#BCH short scalp position gone good, Price gave a breakout of the resistance zone and made a high of $228, which is nearly 18.7% in profits. Its time to secure the major position and trial the stops. Currently, price retesting the zone, which can push the price higher and might be a scale in too.

This Chart Shows the #Profit or #Loss Bias (dominance) of #STH volumes flowing into exchanges. We can see a steady decline in profit dominance as the 2023 rally progressed, as more #STHs acquired coins with an increasingly elevated cost basis.

This week we saw the largest loss dominance reading since the #March sell-off to $19,800. This suggests that the STH cohort are both largely underwater on their holdings, and increasingly price sensitive.

What is Eclipse Attack ?

An Eclipse attack is a security vulnerability that can affect decentralized networks, particularly blockchain-based systems. In an eclipse attack, an attacker aims to isolate a targeted node or user from the rest of the network by surrounding it with malicious nodes under their control. This isolation can lead to various security risks and potential manipulation of transactions or information.

The attacker tries to control a significant portion of the peer connections of the target node, making it unable to receive valid transactions or blocks from legitimate nodes. Instead, the target node receives information only from the attacker's nodes, allowing the attacker to manipulate the data being transmitted to the target.

One example of an eclipse attack involves isolating a victim's mining node on a blockchain network. By controlling the victim's incoming and outgoing connections, the attacker can manipulate the transactions the victim's node sees, potentially leading to double-spending or other fraudulent activities.

Eclipse attacks emphasize the importance of maintaining a well-connected and diverse network of peers to prevent any single entity from gaining undue control over a node's information flow. Blockchain protocols continually evolve to incorporate countermeasures against such attacks and ensure the security and integrity of the network.

Here's the Analysis of #UNFI :

#UNFI is been trading above the major Resistance zone of $6.58 - $6.85. Well, its seems to be a breakout but on Daily TF, we need to see a closing above the zone or to be specific $7.00 mark. In 4H its a break, so wait for a Daily candle close and look for long opportunity after that and targets will be Resistance around $8.00 - $8.27.

Nothing much movement in #Bitcoin after the rejection and slowly consolidating. We've more news coming today and tomorrow, which will decide the direction eventually.

#BAKE is been made a reversal and made a short-term uptrend channel and also price reached out the resistance zone around $0.101, where price is rejecting. In case of price breaks below the zone the or daily rejects it, we can go for short there.