Charts doesn't change alot but LTF, price forming a Inverse Head & Shoulder too. On Daily TF, price trying to shift the market structure point, from bearish to bullish, and reversal can be very strong as it from the Major Support Zone. This consoldiation might continue till the end weekend, so altscoins might start moving by next week.

#BTC.D did a retest and dip down as anticipated, and consolidating below it. Index now Expected to reach out the next Strong Area of Support Zone of 50.65% - 50.79%. Overall, market is consoldiation and altcoins too, a Dip down of index and rejection will tighten the market and bleed in alts, so eye of Index and #BTC move.

More people are using Bitcoin as the On-Chain Volume is going up again after a drop. This is a good sign because it means there's increased activity in transactions, showing that people have confidence in the BTC.

Here's the Analysis of #CHZ :

#CHZ rejected strongly from Resistance area from Daily TF around $0.104. On H4 TF, it seems to be a fake but its a rejection in HTF. Well, price is now on a strong flip level at $0.093 - $0.094, which can gave a setup for a next strong move. Wait for a candle closure with either a break below or breakout and trade with a LTF Retest.

#Bitcoin made a strong move to the down side which was least expected but it happened. Anticipating, a up move with the confluence but dip down to the Major Support Zone and price still rejecting the it. Price should strongly bounce from here but a Daily Candle closing below the zone, would be the matter of concern, so eyes on it.

#TOTAL MARKET CAP UPDATE :

Marketcap still in a bullish market structure, in we'll see the top view. There are some minor breaks in below but still tend to be bullish. Well, price might again text the $750B Support zone before going up. We still have room for price to reach the Resistance area of $950B Mark. Attempting fresh trades would be not preferred.

What Is Lachesis (Fantom)?

Lachesis is the second of three main components of the Fantom stack. It’s a distributed ledger and smart contract platform, similar to Ethereum. However, it has several unique features that make it a very interesting project.
Lachesis is based on a Directed Acyclic Graph (DAG) structure, so it doesn’t use blocks for transactions. Instead, it uses nodes to verify transactions.
Fantom is the world’s first DAG-based smart contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology.

Fantom has been designed by a team of experts in the fields of Distributed Ledger Technology, mathematics, information theory, computer science, finance, and business strategy. The aim was to build a platform where developers can easily deploy their own smart contracts and dApps on Fantom’s high-performance and scalable blockchain infrastructure.
The fast-growing ecosystem of dApps on Fantom will have access to a wide range of tools that will further streamline the process of development. The platform has been architected from the ground up to be future-ready for mass adoption. The technologies used are open source and completely transparent.

Lachesis is Fantom’s aBFT consensus algorithm. The term “aBFT” stands for asynchronous byzantine fault-tolerant. It is an improvement on the popular PBFT algorithm, which is currently used by many blockchain projects including Hyperledger and Tendermint.

The primary difference between Lachesis and PBFT is that Lachesis allows for asynchronous consensus, while PBFT requires synchronous consensus. This means that the time between blocks can be constant (synchronous) or variable (asynchronous). The longest time between blocks in a synchronous network is equal to the time it takes to create a block. In an asynchronous network, it takes much longer than in a synchronous network to achieve consensus, as blocks can be created at any time.

Although there are some disadvantages to asynchronous consensus networks, they also have some advantages:

Asynchronous networks are more scalable than synchronous networks because they do not need to wait for all nodes to respond before creating new blocks. Scalability is important for many applications of blockchain technology, such as supply chain management and financial transactions. Asynchronous networks allow for faster transactions and more efficient use of resources than synchronous networks.

One of the most interesting features of Lachesis is that it uses a reputation mechanism called Proof-of-Stake Authority (PoSA). It’s a version of the Byzantine Fault Tolerance consensus algorithm that adds a reputation system to the process. The PoSA mechanism allows Lachesis nodes to vote on whether or not others are working honestly or not and penalizes those who aren’t by removing their right to validate transactions. Nodes can also earn rewards if they work properly, incentivizing honest behavior.

Lachesis is designed to be much more flexible than current blockchain consensus algorithms, allowing for faster block times and improved scalability.

The Lachesis protocol assigns each node in the network a weight that corresponds with the amount of stake they have. The weight of all the nodes in the network will always add up to 100% (or 1). This weight can be used to determine the probability that a node will be selected as an Event Creator (EC).

Here's the Analysis of #ICP :

ICP is been rejected hard from the major resistance zone of $15.34 - $15.75 and reached the support zone of $10.50 - $10.95. Price also forming the Triangle formation by which a breakout will decide the next move of the market. You can take a small risk here as a early entry. Shorting only after the Daily candle closure below the support.

#BITCOIN DAILY TF UPDATE :

#BITCOIN still hodling above the support zone and kept on rejecting it. Daily TF Market Structure still running bearish at this point, while LTF, kept on turning it into bullish. Moreover, price keep on building the liquidity below the support, which market gonna swept Sonner. Its better to wait for the price, to develop more, until then shoring would be a good option, in case of break and close below.

#TOTAL2 (Altcoin MarketCap) Update :

#TOTAL2 made a strong decline with the market conditions and made its way back to the support zone of $745B - $750B mark. Overall, market is also over the major level, and similar goes here too, if Index giving close below then we can expect it to move towards the Major Support Zone around $645B Mark, so better wait for making fresh entries in the market or make some minor ones.

#Bitcoin perpetual funding rates have consistently shown a strong positive bias, signifying a prevalent net long position among leveraged traders. The short-side annualized yields have occasionally exceeded +50%, emphasizing the sustained bullish sentiment. A notable phase shift occurred in mid-October, transitioning from oscillating around neutral to a consistently positive structure. While funding rates have cooled off this week, the overall trend remains positive.

What Are Laser Eyes?

The laser eyes meme, popularized on Twitter, symbolizes a bullish stance on Bitcoin's price, aiming for $100,000. Advocates of this trend, exhibiting strong confidence in Bitcoin's future, are often characterized by "diamond hands," signifying a long-term HODL strategy to accumulate more BTC. Originating from the #LaserRayUntil100 hashtag in February 2021, the meme involves users adding red (or varied colored) laser beams to their profile pictures for 24 hours, with some adopting it permanently.

Initially associated with superheroes, laser eyes became a symbol of extraordinary power. Influential figures like Elon Musk, Tyler Winklevoss, Tom Brady, US Senator Cynthia Lummins, and El Salvador’s President Nayib Bukele have supported the laser eyes campaign, showcasing their backing for Bitcoin. Even Ricardo Salinas Pliego, Mexico's third wealthiest individual, has expressed his support for BTC through this viral meme.

Here's the Analysis of #ENS :

#ENS is been rejected hard from the major resistance zone of $27.00 - $28.40 and also slides below the support zone of $21.00 - $22.00, which will act as resistance now. A retest of the zone and sells is expected till the next support area of $15.20, so take the setup accordingly, as overall, market is settle as major support and strong moves are expected.

‼️ Trezor experienced phishing attack.