Trading Crypto Compass
Bitcoin continues rejecting the support level with repeated bounce attempts and may break the resistance trendline. Market movement will likely depend on news catalysts, with rate cuts needed to drive strong directional moves.
Market Update:
Bitcoin has broken below key support levels, creating a concerning technical situation with potential for further bearish moves.
The selloff was triggered by the White House's latest crypto report, which omitted any mention of a Strategic Bitcoin Reserve - a significant disappointment for market participants expecting institutional backing signals.
Altcoins remain extremely fragile in this environment - proceed with caution as the lack of government support adds downside pressure to an already volatile market.
Bitcoin has broken below key support levels, creating a concerning technical situation with potential for further bearish moves.
The selloff was triggered by the White House's latest crypto report, which omitted any mention of a Strategic Bitcoin Reserve - a significant disappointment for market participants expecting institutional backing signals.
Altcoins remain extremely fragile in this environment - proceed with caution as the lack of government support adds downside pressure to an already volatile market.
Trading Crypto Compass
#TIA ANALYSIS : #TIA gone below the listing prices and broke the small flag formation too. Price is nearly trading to it new low and might form another one. Take it as the good call and grab the breakout.
#TIA dropped decent and made around 9.5% in profits. Price still expected to make a new lower low and might see some strong psuh lower if market remains unstable. If you made position manage it properly.
Bitcoin's price now sits above the 95th percentile cost basis at $107.4k, meaning most supply is in profit. This level often triggers increased profit-taking as more holders become motivated to sell.
Extended time above this threshold can create a top-heavy structure where many investors have elevated cost bases, making the market increasingly price-sensitive to downward moves.
Extended time above this threshold can create a top-heavy structure where many investors have elevated cost bases, making the market increasingly price-sensitive to downward moves.
Trading Crypto Compass
Bitcoin Daily Update: Bitcoin is holding its daily support zone with multiple rejections confirming the level. Price swept liquidity below and continues consolidating within the range. Waiting for a higher timeframe breakout to determine direction, though…
Bitcoin Daily Update:
Bitcoin finally broke below its daily support zone after extended consolidation. The dump was triggered by strong tariff news and fundamental events.
Price is now trading between key levels with no clear direction. Need to wait for further price action development before taking positions.
Bitcoin finally broke below its daily support zone after extended consolidation. The dump was triggered by strong tariff news and fundamental events.
Price is now trading between key levels with no clear direction. Need to wait for further price action development before taking positions.
Trading Crypto Compass
#ENA ANALYSIS : #ENA kept on printing the new Higher High and Lower Lows, with that it following a small uptrend channel pattern and expect a new HH sooner. The Key resistance area is near around $0.67 - $0.69. Alternatively, price can drop towards the support…
#ENA hits the resistance area and had a very strong drop of 21% in profit and now formed a now consolidation range. Book profit and wait for the support area. Buy looks healthy after rejection.
Bitcoin hit a new ATH of $122.6k before pulling back to $115.9k, coinciding with increased selling pressure into strength. The initial rejection occurred above $120k, which represents a +1 standard deviation move above the Short-Term Holder cost basis.
This level historically acts as natural resistance during speculative rallies. If momentum continues, the next major resistance target sits at the +2 standard deviation band around $136k.
This level historically acts as natural resistance during speculative rallies. If momentum continues, the next major resistance target sits at the +2 standard deviation band around $136k.
Trading Crypto Compass
#BITCOIN WEEKLY TF UPDATE : #BITCOIN on WEEKLY TF, formed a resistance at $119,000 and not trying to break of the area. Currently, it getting the rejection wick and might gave new All Time highs sooner.
Bitcoin Weekly Update:
Bitcoin had a retracement week, nearly filling the gap from previous highs. This week's decline was driven by multiple news events and speeches.
Next week should provide more clarity as additional developments unfold and the market digests recent events.
Bitcoin had a retracement week, nearly filling the gap from previous highs. This week's decline was driven by multiple news events and speeches.
Next week should provide more clarity as additional developments unfold and the market digests recent events.
Trading Crypto Compass
DXY Update: The Dollar Index is oscillating around major resistance, currently trading below the key level and retesting from underneath. A rejection here could trigger a decline in DXY, which would likely support upward movement in risk assets and crypto…
Long-Term Holders show similar behavior - after briefly increasing selling pressure at the ATH, they've significantly reduced their spending activity.
This aligns with broader market signals: declining realized profit/loss volumes, continued LTH supply growth, and falling Liveliness metrics. All indicators confirm HODLing remains the dominant investor behavior currently.
This aligns with broader market signals: declining realized profit/loss volumes, continued LTH supply growth, and falling Liveliness metrics. All indicators confirm HODLing remains the dominant investor behavior currently.
Trading Crypto Compass
Bitcoin Weekly Update: Bitcoin had a retracement week, nearly filling the gap from previous highs. This week's decline was driven by multiple news events and speeches. Next week should provide more clarity as additional developments unfold and the market…
Bitcoin closed with strong bearish momentum and has retraced slightly. Price is likely to face rejection and could move further lower.
New resistance sits at $115,000 with key resistance at $116,700-$117,000. A flip above these levels is required for bullish confirmation.
New resistance sits at $115,000 with key resistance at $116,700-$117,000. A flip above these levels is required for bullish confirmation.
Trading Crypto Compass
#US30 UPDATE : #US30 managed to flip the resistance and now moving through it. It gave a Daily TF closure too, So it gave a new #ATH now, and expect to continue the ride, buy the pullback and target the new #ATH.
US30 Update:
US30 swept above the previous all-time high before dropping hard back to major support at 43,190-43,370. The index is reacting at this zone but may drop again after retesting the 44,000 level.
US30 swept above the previous all-time high before dropping hard back to major support at 43,190-43,370. The index is reacting at this zone but may drop again after retesting the 44,000 level.
Stablecoins act as "dry powder" for crypto purchases. The Stablecoin Supply Ratio (SSR) measures Bitcoin supply against stablecoin supply to gauge buying power:
Low SSR: More stablecoin buying power available
High SSR: Less purchasing capacity, weaker demand
Currently, SSR sits near baseline equilibrium. Notably, it's much lower than during the previous $100K breakout despite similar prices, indicating significantly improved investor purchasing power and stronger underlying demand conditions.
Low SSR: More stablecoin buying power available
High SSR: Less purchasing capacity, weaker demand
Currently, SSR sits near baseline equilibrium. Notably, it's much lower than during the previous $100K breakout despite similar prices, indicating significantly improved investor purchasing power and stronger underlying demand conditions.
JUST IN: Michael Saylor's 'Strategy' buys 21,021 Bitcoin worth $2.4 billion.
Trading Crypto Compass
Bitcoin closed with strong bearish momentum and has retraced slightly. Price is likely to face rejection and could move further lower. New resistance sits at $115,000 with key resistance at $116,700-$117,000. A flip above these levels is required for bullish…
Bitcoin rejected from local resistance and formed a bearish engulfing candlestick 📉🔴. Despite this bearish signal 🐻, price has created minor liquidity and could still push higher toward the $116,700 resistance area 🎯📈💪.
The Exchange Buying Power metric tracks 30-day stablecoin inflows minus BTC/ETH outflows on exchanges:
Positive/Rising: More stablecoins flowing in than crypto flowing out = stronger buying power 💪📈
Negative/Falling: Less stablecoin inflows relative to crypto = weaker buying power 📉💸
The market is transitioning away from strong stablecoin inflow periods, suggesting liquidity rotation from stablecoins into major assets. If sustained, this deployment of stablecoin capital could support higher crypto valuations 🚀💰.
Positive/Rising: More stablecoins flowing in than crypto flowing out = stronger buying power 💪📈
Negative/Falling: Less stablecoin inflows relative to crypto = weaker buying power 📉💸
The market is transitioning away from strong stablecoin inflow periods, suggesting liquidity rotation from stablecoins into major assets. If sustained, this deployment of stablecoin capital could support higher crypto valuations 🚀💰.