#BTC Weekly candle closed somewhere in between and of the medium bullish one and a rejection too. #Bitcoin on hourly TF, looks like holding the support/flip area over the zone and move correctively. We can experience a dip again due to this nature.

#US30 UPDATE :

#US30 moved perfectly with the drawn up chart and getting rejected too. Now, index reached a market structure point within the internal structure, so expected a continuation in drop here, by which support will be broken.

If we examine the rolling performance of the Bitcoin market across weekly 🟥, monthly 🟦 and quarterly 🟧 timeframes, we can see generally strong performance, recording values of +3.3%, +7.4%, and +25.6%, respectively.

To highlight periods of particularly strong price performance, we can count the number of trading days within a 90d window where performance across all three timeframes exceeds +20%. Only 5 days through the last quarter have reached this threshold so far.

In prior cycles, this count reached between 18 and 26-days, which suggests the current market may be somewhat more measured relative to historical bull markets.

Here's the Analysis of #FIL :

#FIL is been going around a build up support area and formed a symmetrical triangle pattern over it. Ton of rejections going on and have to look after a break as price will drive though it only, so eyes on it.

#BTC perfectly dip down as per prediction due to its corrective nature and now expected a retest of the flip level/ support nearby $67,500. Eye on the area, nothing to do in between.

#GOLD UPDATE :

#GOLD moved back and forth with a dump now. Price is kinda retracing now and a new Lower low is expected. The next key area is around $2278 - $2284. Expecting a reaction from here but not hodling it.

Ethereum under a similar framework and can see the dramatic impact of the ETF approvals. The news motivated almost instantaneous buy-side pressure, with all three timeframes printing their first >20% price movement since late 2021.

If we consider the sizeable impact and influence that spot ETFs have had on Bitcoin since the turn of the year, the ETH/BTC trading pair may be exhibiting early signs of a more promising road ahead.

What Is Scrypt?

Scrypt is a password-based key derivation function (PBKDF) that was originally proposed as an alternative to other key derivation functions like PBKDF2 and bcrypt. It is designed to be more secure against specific types of attacks, particularly those that leverage specialized hardware like Application-Specific Integrated Circuits (ASICs) and Graphics Processing Units (GPUs).

The main features and design goals of Scrypt are:

1. Memory-Hardness: Scrypt requires a large amount of memory to operate, making it resistant to attacks from custom hardware implementations like ASICs or GPUs, which have limited memory compared to their computational power.

2. Parallelization Resistance: Scrypt is designed to be inherently sequential, meaning that the computation cannot be easily parallelized, which limits the potential speedup from using multiple processing units or cores.

3. Key Stretching: Like other PBKDFs, Scrypt is used for key stretching, which involves deriving a long key from a short password or passphrase, making it more resistant to brute-force attacks.

Scrypt is used in various cryptocurrencies, including Litecoin, Dogecoin, and Verge, as the key derivation function for their proof-of-work (PoW) consensus algorithms. By using Scrypt, these cryptocurrencies aim to make their mining process more accessible to regular computers and resist the centralization of mining power that can occur with specialized hardware like ASICs.

While Scrypt was designed to be more secure against certain types of attacks, it is important to note that its security guarantees rely on the specific parameters used and the availability of sufficient memory resources. As computing power and hardware capabilities evolve, the effectiveness of Scrypt may need to be re-evaluated, and alternative memory-hard key derivation functions may be explored.

📉 Bitcoin Market Alert 📉

Over $187 million in liquidations occurred in the past 24 hours as BTC experiences a significant dump. Stay cautious and watch the market closely! 🛑

#Bitcoin

#ETH UPDATE :

#ETH Broke out of the consolidation and given a successful close below. Daily candle closing shows bearishness in the market and alts gonna strongly fall like nothing after that. Fear is increasing in the market so better stay away from it.

Notice of Removal of Spot Trading Pairs - 2024-06-14

https://www.binance.com/en/support/announcement/cbc625e02b784e769eb0d59ac31d3e5a

#BTC continues it drop and even goes below the zone, also price pin precisely rejected the key area and turning the break into the fakeout. Well, this could be a reversal but have to see the news upcoming in NY Open Time.

#BTC.D UPDATE :

#BTC.D played well, as per the analysis, with a breakout. Altcoins have a strong correction in the market right now, with that Index reached the recent highs too, again short-term correction will come, so, don't get into the early as it might be a trap.

Bitcoin hit a new all-time high of $73,000 in early March, with long-term holders taking profits, creating an oversupply that led to a correction. As prices fell, seller exhaustion set in, allowing re-accumulation. Bitcoin ETFs saw net outflows in April, with a -$148M/day outflow at the $57,500 local low, signaling capitulation. However, the trend sharply reversed last week with a $242M/day net inflow, suggesting renewed buying demand. Notably, this ETF inflow dwarfs the $32M/day selling from miners post-halving, highlighting ETFs' significant impact compared to diminishing miner influence.

Here's the Analysis of #POLYX :

#POLYX driving with the supporting up trendline and trying to flip above the Major Resistance Area of $0.47 - $0.50. A daily candle close above, which will give the potential buys calls. Take after the candle close and scale-in with retest.

#BTC hodl the flip area and made it way to $70,000 again with the news rejected from resistance with #FOMC meeting back to the same area. More news in ahead in time, this week news, gonna drive the market crazy.

#EDU pin precisely rejected from the support area with the market and straight away hit the resistance area too(red box). Now its time to look for the breakout for potential buys and if you bought at the marked support then hodl it with BE stops as it moved 21% in favor.