Couple of High Volatile News coming in Few More Hours. Also, we do have a #NFP and other News on the way this week.

So, just be careful with any open trades or Futures Positions 📊

Here's the Analysis of #CYBER :

#CYBER flipped above the strong resistance zone of $5.43 - $5.78 and a triangle pattern, which did played out pretty well. Price is been again back near the support where a bounce is expected. Buys will be risky here, but can go with small lots. Price breaking below will give a clean short-sell opportunity/

#MicroStrategy Bought Another Chunk of #Bitcoin 📉📉

#Bitcoin gave a strong breakout and printed a new Higher High. Price now going to a retest and expected to reach the top of the zone around $34,900. If Daily candle sustain above the zone then we can see more move to the upside.

#MAGIC setup unable to going as it failed to give closure below the zone (Grey Box) and Made a support. Price straightaway hit the resistance zone as a setup and again caught in a range. Well, eye on the breakout where price moves will take the setup.

The Short-Term Holder (STH) cost basis, which now stands at $28,000, means that the average recent investor is currently experiencing an average profit of approximately +20%. The chart provided illustrates the STH-MVRV Ratio, with red indicating periods when the market traded below the STH cost basis and green representing periods above it.

In 2021-22, there were instances where the STH-MVRV experienced relatively significant corrections, often exceeding -20%. In contrast, the recent August sell-off only reached a low of around -10%. It's worth noting the relative shallowness of this MVRV decline compared to previous corrections. This suggests that the recent correction had substantial support, possibly serving as a precursor to the rally observed this week.

What is #MVRV Ratio ?

The #MVRV (Market Value to Realized Value) score is a metric used to assess the #valuation of a cryptocurrency by comparing its market value to its realized value. The #MVRV score helps to gauge whether a cryptocurrency is overvalued or undervalued based on its #historical price movement.

The market value of a #cryptocurrency refers to its current price multiplied by the total supply of #coins in circulation. On the other hand, the realized value takes into account the price at which each coin last moved on the #blockchain, essentially measuring the average price at which investors acquired their holdings.

So what does that Indicate ?

#MVRV Values > 3.5 has generally served as a strong signal for late stage #bull cycles, and heightened probability of heavy #distribution or simple indicate a potential Market Top.

#MVRV Vales < 1.0: indicates that a large cross-section of the #supply is near break-even, or held at a loss. These low values have typically provided strong signal of market capitulation and late stage #bear accumulations or Simply Indicate the Market Bottom.

Here's the Analysis of #TOMO :

#TOMO is been flipped above the zone and again moved below of the zone of $1.749 - $1.789 and dipped below the support zone of $1.619 - $1.642 and might gonna reject it. Any setup only after a Daily Support zone or break below of the zone for shorting.

#BTC made a deeper retest back tot he top of the consolidation range and going lower now. Well, the bottom support is at $33,600, where, price a react. In case price breaks below the zone then we have clean traffic to left till $31,000 and below.

#TOMO give a strong shot down towards the next support zone and even break through it. Price moved around 23% in profits and i hope you took this opportunity. Well, take some profits and hodl rest till next major support zone of $1.040 - $1.073.

We see a similar pattern to MVRV, with a relatively shallow SOPR drawdown compared to 2021-22, and a swing back into positive territory this week. This suggests that investors did not express the same degree of panic and fear as they did in the 2022 bear market proper, another sign of investor resilience.

What is #SOPR ?

The #SOPR (Spent Output Profit Ratio) a very simple indicator, which reflects the degree of realized profit and loss for all coins moved on-chain. It’s calculated from spent outputs, the realized value (#USD) divided by the value at creation (#USD) of the output. Or simply: price sold / price paid.

#SOPR values greater than 1 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid).

#SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).

#SOPR value of exactly 1 implies that the coins moved that day are, on average, selling coins at break even.

Successive peaks of high SOPR (creating an indicator uptrend) suggest continual distribution, usually during a bullish price rallies. As more coins are spent back into liquid circulation, the probability of a local or macro market top increases.

Here's the Analysis of #HOOK :

#HOOK is been rejected from the strong resistance zone of $1.02 - $1.04 and also break below the support too. Price making the small falling wedge pattern and price looking bearish too. Potential sells on retest of $0.915 - $0.035 with low risk.

#BITCOIN DAILY TF UPDATE :

#BITCOIN broke above the resistance zone and kinda gave a close below it, Price also going through a lot of compression, which likely to look as distribution. In the broader view, price maintaining the bullish structure, so have an eye on this range range.

#BTC.D goes the same as predicted and nearly reached the support level. #BTC continues to consolidate and altcoins got a push up. Well, there;s little more room for alts to go. Let's see what gonna happen, if this zone breaks and #BTC sustains then we can expect much more moves in alts.

"As the market approaches year-to-date highs, a notable portion of the previously 'in-loss' supply has rebounded into a 'profitable' state. The percentage of supply in profit has surged by a substantial 4.7 million BTC, equivalent to 24% of the total circulating supply. This data sheds light on the significant volume of coins that have changed ownership, falling within the cost range of $27,000 to $35,000.

With 81% of the supply now sitting in a profitable position, the market has shifted into a positive phase, surpassing the long-term average for this particular metric, indicated by the green line."

Here's the Analysis of #SUSHI :

#SUSHI is been rejected multiple times from the major resistance area of $1.254 - $1.28. This rejection shows strong selling pressure, which tends to make a small range. A break below of the $1.01 will be the best opportunity for sells.

#BITCOIN WEEKLY UPDATE :

#BITCOIN in Weekly TF, gave an another small to the upside, after that strong impulsive move. Well, looking into Daily TF, Market Structure still intact bullish at this point. This also indicates exhaustion in the market, so with the Monday Market Open, we can expect the new direction in price either in the form of correction or next upmove.