#Bitcoin Weekly RSI

This downtrend is 139 days longer than 2018 bear market.

Bitcoin Monthly Return

🔸 Bitcoin monthly is closing again in the red with an average of -18.28% loss
🔸 On the other side, the month of June has already produced two years of negative returns.

Will the month of June give a green monthly return for BTC this time?👀

+65% of #Bitcoin have not moved in +1 year
- a new ALL TIME HIGH

#Bitcoin miners have been net distributors since the recent sell-off.

Miners balances have recently declined at a peak rate of 5k to 8k $BTC per month ($150M to $240M at $30k $BTC).

Their spending has slowed this week to 3.3k $BTC/mth.

Nigeria 🇳🇬, India 🇮🇳, Vietnam 🇻🇳, and Argentina 🇦🇷 have the highest rates of optimism about Bitcoin’s future as well as the highest claimed levels of cryptocurrency knowledge.

#ETH ecosystem is growing.

Supply distribution differs from the 2019 bear market. Half of the supply is staked in DeFi, ETH 2.0, etc.

It reminds me that ETH had nothing but ICO back in 2019. I'm glad now people talk about fundamentals.

Bitcoin market depth on Tether pairs reaches all time highs

Inflows to Exchanges for #BTC #ETH and #USDT have been steadily decreasing since the start of 2022 and are now all around or at all-time lows.

Inflation reaches 8.6%, the highest the U.S has seen in 40 years.

The #Bitcoin hash ribbons have started to signal inversion.

This means that hash-rate is starting to come offline, usually as a result of stress in miner incomes impacting profitable operation.

Typically, these inversions occur in late stage bear markets.

$BTC- See chart our trendline gave nice rejection 🔥🔥and if it come to near our support zone then must accumulate zone.

#BTC Consolidation Continues 🧐

If Trendline got Cleared, Expecting Bullish Rally towards the 20,570

BTC Update- See chart finally it is coming down to test our upper white trendline around 20.2k so keep an eye on this and don't set Pre-order on any altcoin bcoz need to observe candle in smaller time frame....if candle hit again and again in 30min or 1hr then follow lower level at 19.6k and 18.8k

LONG

#GMT/USDT

ENTRY: 0.8540 _ 0.8100

Target
0.8700
0.8900
0.9100
0.9400
0.9800
0.1010

Stop loss 0.6300

SHORT

#MATIC/USDT

ENTRY: 0.6500 _ 0.6800

Target
0.6340
0.6230
0.6110
0.5900
0.5800
0.5700
0.5500
0.5300

Stop loss 0.7400

Binance Futures
#MATIC/USDT SHORT Future Target (1) Reached ✅
Profit: 50% 📈

Enjoy Free Profit 🎉🎉🎉🎉

$DOT long setup 📈