#FORM TP1 at 2.475 🟩

#ATH TP2 🟩🟩

Entry 2 : 100,700 SL 1h close above 101400

For BTC short

Scammers at it again, last 15m candle on binance spot generated 9m$ volume while perps had a mere 350k$ volume.
Wash trading to fool volume profiling indicators and algo bots that analyse liquidity movements.
More specifically the "Trading data" under the info section of binance spot get rigged by such malpractices.

Ethereum has become increasingly deflationary following the recent Pectra update. As reflected in the latest data, the network is on pace to burn approximately 12% of its total supply on an annualized basis, significantly enhancing its value proposition. However, we anticipate that this burn rate will stabilize within the range of 3-5% in the coming weeks, which would still represent a favorable shift compared to pre-update levels .

RSR / USDT (long term )

Accumulate: 0.008X - 0.006X

Take Profit:
9400 - 10400 - 12000 - 13000 - 15000 - 17000 - 26000 - 38000

#RSR TP1 🟩

#SLF BOTH ENTRIES HIT TP1 🟩

CoinGlass: the largest liquidation of shorts since 2021 has occurred. Shorts have liquidated ~$800 million in the last 24 hours.
Binance has not fully disclosed the liquidations and the actual numbers are higher.

#Liquidations 🩸

🔴In the past 24 hours , 186 823 traders were liquidated , the total liquidations comes in at $864.03 million
🔴The largest single liquidation order happened on Binance - BTCUSDT value $11.97M

On May 8, Bitcoin spot ETFs saw a total net inflow of $117 million. Ethereum spot ETFs experienced a total net outflow of $16.11 million, marking three consecutive days of net outflows.

#RSR TP2

All tps done on #ETH long
Recent short stopped out

📄 Intraday BTC Trading Plan – May 9th

1. Focus/Bias:
Bitcoin bullish momentum still strong and capable to push price higher. Shorts are risky while dips are for buying.

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2. Liquidity Pools / Zones of interest:

🔹 Above:

* ~105k - January 31st bear OB EQ ~105k - just above developing range top
* 106450 - pre-February dump last week high
* 108366 - 2024 high
* 110000 - ATH

🔹 Below:

* 102400 - January close
* 101500 - liquidity pool
* 100000 - liquidity pool
* 98800 - developing Y VAH

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3. 📈 If Price Moves Up First:

* BTC moves along Monthly VWAP 2nd VAH band. So if there will be another bounce expecting it to grow above that 15m range top. Immediate target 105-105.5k - watch that zone, but I wouldn't advise to place any blind bids in advance.
* break above that nearest resistance can trigger another bullish impulse comparable to yesterday's, so can stretch anywhere. Wont' try to predict.

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4. 📉 If Price Dips First:

* if BTC start losing Monthly VWAP 2nd VAH band, nearest liquidity pool is ...

3. 📈 If Price Moves Up First:



4. 📉 If Price Dips First:

* if BTC start losing Monthly VWAP 2nd VAH band, nearest liquidity pool is under yesterday's NY high at 101867
* if no fast bounce from there, that means that more liquidity is needed, and so next zone is breakout area around 100k - it also correlates with next Monthly VWAP band, so if there will be a period of choppy, but bullish consolidation, that could be a perfect bottom of new wider range.

Careful with #PNUT, MM of PNUT is same as #ACT
IYKYK 🫡

Not to mention the controversy around PNUT founder earlier - DYOR and permanent loss of Hype runs from Elon Musk and Trump, considering they have their own coins now.

We consider 300-400M$ valuation a reasonable profit taking area with plenty other projects staying undervalued. #MYRO for example sits at a 30m$ MCAP after doing a 3x from bottom.
#Moodeng did a 4x today still sitting at a 125m$ MCAP.

Reminder