While Bitcoin is doing more or less fine S&P500 is dumping hard today. Now at critical support level. If BTC hold till stocks bounce that will have a very bullish effect on crypto. If SP500 lose that support most probably BTC will dump hard as well.

@WiseAnalyze #SP500 #Stocks

Biden Administration Wants Crypto Exchanges to Separate Customer and Corporate Funds

(source)

South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

(source)

📉 Daily Bitcoin chart review 📈

So as you've seen S&P500 is tanking down to where it started in 2021. Inflation reports in countries are higher than govs promised. New epidemy of Monkeypox in news. Meanwhile DXY actually pulled back from 103.9 and Bitcoin holds above year close level at 28923. Uncertainty at its best.

While BTC haven't found acceptance below 29k it has chanced to find it above 31k and that will open the way to 37-39k.

Long term Bitcoin collapse TPs in case it dump below 29k: 24 / 20 / 14k.

🟥 31300 - 32100 - 32920
🟩 28700 - 26631 - 23473

😱 F&G: 13 <= 12 <= 8 <= 14
💩 Alts: 3% < 2% < 2% < 2%

Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | PrimeXBT| BitGet | Delta

@WiseAnalyze #BTC #Bitcoin

Crypto Exchange FTX Expands Into Stock Trading 🔥

(source)

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Glimmer of hope for bulls 👀

@WiseAnalyze #DXY

Falling. Yet BTC ain't pumping yet. Both stocks and BTC made a pumpy move and got rejected from previously broken SR 🤔

🔺 The growth rate of the number of Internet users and Ethereum addresses shows that the Ether is approximately "in 1995" now.

🚀 When you think it’s too late, it’s still too early.

📉 Ethereum chart review 📈

Ethereum wicked down to 1901 and bounced back above Month VWAP VAL. This is still a bearish structure and in order to reverse it price has to find support at VAL and bounce above POC level at ~2030.

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@WiseAnalyze #ETH

📉 Daily Bitcoin chart review 📈

Bitcoin grown back above 30k and now moving sideway. Nearest level to flip for bullish move is ~30.8k while main remains at VAH around 31600. While below that level its a bearish chart.

Also take a look at DXY week chart - was growing for 6 candles in a row and only this week started correction. If today it won't bounce back above ~103.2 good chances next week DXY will continue to 100.5-101.5. If close above - can just continue growing higher with even faster speed. So not much depends on BTC itself.

Long term Bitcoin collapse TPs in case it dump below 29k: 24 / 20 / 14k.

🟥 30800 - 31330 - 32900
🟩 28900 - 26700 - 23500

😱 F&G: 13 <= 13 <= 12 <= 8
💩 Alts: 3% < 3% < 2% < 2%

Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | PrimeXBT| BitGet | Delta

@WiseAnalyze #BTC #Bitcoin

WHO is convening an Emergency Committee meeting out of concern for international spread of Monkeypox, a high consequence infection.

They will likely discuss whether to declare Monkeypox a Public Health Emergency of International Concern (PHEIC)

Main facts by that moment:
* Monkeypox cases investigated in Europe, US, Canada and Australia
* USA ordered 13 million vaccine doses from Denmark (delivery 2023/24)
* In fact only one of the 50 contacts of the initial monkeypox-infected patient has been infected - that shows how poorly infectious the virus is.

WHO information about Monkeypox - link

Regardless of how infectious this new virus is it certainly possess panic effect danger that can push stock markets further down. Stocks down means money move from risk assets into dollar - that push DXY index up. Obviously for crypto as a high risk asset such news possess real danger. And it feels that with current extreme low trading volume everyone is just sitting and waiting.

@WiseAnalyze #SP500 #Stocks

BNB moves up towards Y VWAP VAH. Not sure it can breakout at this impulse as volume is low. Here are possible scenarios
1) If manage to find acceptance above 10500 good chances to continue towards 11000 and 11600
2) If get rejected from VAH will move back to range low at ~9165-9424

@WiseAnalyze #BNB

Stocks got rejected. Now back to support it already tested twice so low chances for a bounce. Next is 3800 / 3760

BTC following step by step.

@WiseAnalyze #SP500 #Stocks

📉 Daily Bitcoin chart review 📈

Bitcoin moves within weekly narrow range 28.8k - 30.8k.

Nearest resistance for re-test is 30-30.5k. If BTC break week range high good chances for a pump to ~31.3k (after which it can easily pull back to 29k again). With all that said the trend is still bearish and pumps are for shorting until bearish trend get invalidated. And that happens only after BTC find support at 31.3-31.8k SR.

Stocks S&P500 closed week with long tale green doji which gives a hope for a bounce (after 7 red weeks in a row). But week candle is still rather bearish, so early to be sure.

🟥 30800 - 31330 - 32900
🟩 28900 - 26700 - 23500

😱 F&G: 13 <= 13 <= 13 <= 12
💩 Alts: 4% < 3% < 3% < 2%

Signals: 🔥 Alts Watchlist 💷 Forex 🐦 Twitter
Discounts: ByBit | Binance | FTX | KuCoin | PrimeXBT| BitGet | Delta

@WiseAnalyze #BTC #Bitcoin

Bitcoin almost near to close 8 red weeks in a row.

Reminder: previous downside close week candle record was 6 weeks in 2014.

JUST IN: #Ethereum co-founder Vitalik Buterin confirmed the transition to proof-of-stake will likely happen this August.

(source)

Bull run vs Bear run