#PEOPLE remains inside a broad descending channel on the higher timeframe, with price consistently printing lower highs under the macro descending trendline. The dominant structure is still bearish.
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However, on the 12H timeframe price is now compressing near the middle of the channel. Recent price action shows a tightening range with higher lows forming against horizontal support around 0.0066 to 0.0068. This creates a short term symmetrical compression inside a larger downtrend.
This type of structure often leads to a volatility expansion.
If price holds above the 0.0066 region and breaks above the short term descending resistance, upside targets sit near 0.0090 first, followed by 0.0124 which aligns with the major descending trendline.
On the other hand, if 0.0066 fails and the lower dashed support breaks, continuation toward 0.0050 and potentially 0.0030 becomes likely, following the direction of the macro channel.
Right now price is sitting at a decision point.
Support holding favors a corrective bounce toward mid channel resistance.
Breakdown confirms continuation of the broader bearish structure.
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🇺🇸 US Core PPI comes in at 3.6%
Forecast was 3%
Producer level inflation is hotter than expected, suggesting price pressures are still working their way through the system.
A stronger PPI print raises the odds that the Fed maintains higher interest rates for longer.
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Forecast was 3%
Producer level inflation is hotter than expected, suggesting price pressures are still working their way through the system.
A stronger PPI print raises the odds that the Fed maintains higher interest rates for longer.
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CZ UNFOLLOWS CATHIE WOOD AFTER $28B DELEVERAGING CLAIM
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Changpeng Zhao reportedly unfollowed Cathie Wood on X on January 26, shortly after Wood stated on Fox Business that Bitcoin’s recent pullback was linked to a $28 billion deleveraging event allegedly triggered by a Binance software malfunction on October 10.
Wood suggested the incident forced widespread liquidation across leveraged positions, accelerating downward pressure on Bitcoin.
The claim has sparked debate within the crypto community, as large scale deleveraging events typically stem from cascading margin calls across derivatives markets rather than a single platform issue.
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#XPIN formed a clear falling wedge inside the broader descending channel, with price printing lower highs and lower lows while volatility gradually compressed. This type of structure often signals seller exhaustion when momentum weakens into support.
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Price has now broken above the wedge resistance, confirming a short term bullish breakout. After the breakout, the market is pulling back to retest the broken trendline, which is a healthy technical behavior. A successful retest would convert previous resistance into support and strengthen the breakout structure.
As long as price holds above the wedge breakout zone near 0.00148 to 0.00150, bullish continuation remains favored. In that scenario, upside targets sit around 0.00160 first, followed by 0.00205 which aligns with the next major resistance.
If the retest fails and price falls back inside the wedge, the breakout would be invalidated and downside toward 0.00132 becomes likely.
Right now this is a textbook breakout and retest phase.
Hold above the broken wedge confirms momentum shift.
Loss of structure cancels the bullish setup.
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BREAKING: 🇮🇷 Iranian Supreme Leader Ali Khamenei confirmed dead, Senior Israeli officials say.
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Newly released video shows U.S. airstrikes striking targets inside Iran, capturing the moment munitions hit ground positions.
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U.S. intelligence believes Iran’s Supreme Leader, along with another five to ten senior leaders, may have been killed.
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🇷🇺 Russia is urging the United States and Israel to immediately halt their military actions against Iran.
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Videos and reports circulating online show people in Tehran and other Iranian cities openly cheering and celebrating in the streets after news spread that Supreme Leader Ali Khamenei may have been killed in U.S.-Israeli strikes, with crowds chanting, dancing, and expressing relief or joy at the moment.
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🚨 War Tensions = Crypto Attention
When conflicts rise, banks freeze, currencies weaken, and capital looks for alternatives.
Some people turn to Bitcoin and stablecoins for fast, borderless transfers and more control over their funds.
It’s not a full shift to crypto, but during uncertainty, alternative assets gain attention 👀
Money always moves where it feels safer.
Agree ?
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When conflicts rise, banks freeze, currencies weaken, and capital looks for alternatives.
Some people turn to Bitcoin and stablecoins for fast, borderless transfers and more control over their funds.
It’s not a full shift to crypto, but during uncertainty, alternative assets gain attention 👀
Money always moves where it feels safer.
Agree ?
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This is your last chance to secure Lifetime Membership at the current discounted rate.
When February ends, the offer disappears.If you’ve been waiting, this is the moment.
Lock in lifetime access now… or miss it.Time is almost up
DM - @Verify_Coach ! Hurry up
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🇦🇪 Iran has struck Abu Dhabi’s Zayed International Airport in the UAE, resulting in at least one fatality.
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