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.

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.

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.

JUST IN: Michael Saylor's 'Strategy' buys 21,021 Bitcoin worth $2.4 billion.

#SOL ANALYSIS :

#SOLgoing through the retracement phrase and move slowly hold the zone/ support. Price still looks not so strong and can turn bearish soon. There's a trendline which can be potential area of drop and rise can happen.

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 🎯📈💪.

#GOLD OUTLOOK :

#GOLD moving in a very large range for more than 100 days now (105th days now). The range is too large we can see this range throughout the next week. In LTF You can look for buys and sells $3385 and $3350 respectively.

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 🚀💰.

TON Analysis:

TON is moving within a large uptrend channel and has dropped back to the supporting trendline 📉. Price could react from this level and start moving higher 📈🔄.

If it breaks and closes below the trendline, expect further downside with shorting opportunities available 🎯🐻.

Bitcoin's direction remains unclear with sideways price action while holding local support 🤔📊.

$112,000 and $115,000 are the key breakout levels that will determine market bias - watch these zones for directional confirmation 🎯👀.

#BTC.D UPDATE :

#BTC.D shows some rejections and fakeouts too, but now still in the range. A Bear Flag forming and can lead further down which can lead in good time for altcoins.

As Bitcoin’s market capitalization expands, increasingly larger capital inflows are required to meaningfully move its valuation. Therefore, the final demand vector we can assess is that coming from institutions, best reflected through net flows into the US Spot Bitcoin ETFs.

Aggregate net inflows have been accelerating in recent weeks, reaching a 7-day average peak of +$298 million. This sustained and sizeable buy-side pressure is a constructive signal, highlighting growing institutional engagement at scale.

ETH Dump Alert: -$418.8M Net Taker Volume

“Net Taker Volume for ETH sits at -$418.8M (Daily). This means that taker sellers offloaded 115.4K more $ETH than buyers were willing to absorb.”

#MEME Analysis:

#MEME has formed a large consolidation range between support at $0.00142-$0.00146 and resistance at $0.00214-$0.00218 📊📈.

Price action is very choppy with expectation of a fall back toward support and potential breakdown soon 📉⚠️.

Bitcoin hasn't moved much but formed liquidity above at the $115,700 area 💧📊. Price action is very corrective - any upward move might just be a liquidity grab 🎣⚠️.

Need some higher timeframe candle closes for confirmation 🕯.

#PENGU made a new consolidation range and seems to be tight range now. Alerts on break now and we might see some strong move out of it once a breakout. Take the setup after the HTF candle closes.

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BULLISH MOVE EXPECTATION

Bitcoin hit a new ATH of $122.6k before pulling back to $115.9k as selling pressure emerged 📉💰. The rejection at $120k aligns with +1 standard deviation above Short-Term Holder cost basis - a historical resistance level 🚧📊.

Next major target: +2 standard deviation band around $136k 🎯🚀.

#MAGIC Analysis:

#MAGIC rejected from major resistance at $0.27-$0.30 and is now retracing lower 📉🔴. Price expected to reach support at $0.20 where a bounce could occur 🎯📈.

Only take long positions after seeing rejection wicks on H1 and H4 timeframes for confirmation ✅🕯.

#Bitcoin Reclaims $117,000 ✌️

#Bitcoin reclaimed $117,000 with a higher timeframe close above resistance 📈✅. However, price remains within the key rejection wick zone ⚠️🕯.

Current dip might be a retracement - need to watch how price performs as the weekend approaches with potentially lower volume 📉📊🔄.