📉 The price of #BTC has dropped to a monthly low

Following Bitcoin, altcoins from the top 100 by market capitalization also went down. Meanwhile, the total volume of long liquidations over the past day has exceeded 400 million dollars.

#CryptoNews

📈 In trading, Fibonacci numbers are used to determine support and resistance levels. Traders apply the Fibonacci sequence to predict potential price reversals, assessing likely entry and exit points for trades.

#Glossary

⚡️ #SEC has terminated the investigation against #ETH

The regulator no longer claims that #Ethereum is a security 🥳

Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.

#CryptoNews

#Opinion

🪙 Julien Bittel, the head of macro research at GMI, believes that the current market situation is typical for halvings

According to him, a halving is always followed by a sharp correction, then a period of sideways movement, and after that, a final dump that wipes out the last of the long positions. After this, there is another phase of sideways movement, followed by the beginning of growth.

In his opinion, we are currently in the sideways movement phase that precedes the growth 🚀

✅ #ByTheWay, you can use the #KICK token to get a 25% discount on trading fees

For example, if you trade the USDT/ETH pair and your trading level on the exchange is 1, your taker fee is 0.25%. However, if you choose to use KICK tokens by selecting the "Use KICK token to reduce fee" option, your fee will be reduced to 0.1875%, with 25% of this adjusted fee paid in KICK tokens.

The 25% discount applies to all trading pairs, except those involving the sale of KICK tokens.

👉 Read more on our website

🪙 #Bitcoin went down for three main reasons:

🔽 Decrease in stablecoin issuance — less new money is entering the market

📉 Decline in miners' revenue — they are forced to sell more #BTC to cover expenses

💸 Outflow from bitcoin-#ETF — major players have started to exert more influence on the market and are putting pressure on the price

Do you agree with this, and do you see any other reasons for the recent drop in the price of digital gold?

#Analytics

🪙 Experts from #CryptoQuant state that if $65,800 is breached, the price of #BTC could drop to $60,000

💔 — Bitcoin is doomed
😎 — I’ll buy more for cheap

🐶 Since the beginning of April, more than 1 million new tokens have been released

Most of them are #memecoins on the #Solana and #Ethereum blockchains. Additionally, projects in the #TON ecosystem have been gaining popularity recently, further confirming the trend towards memes.

In this regard, we offer you a small tournament in the comments under the post:

Share in the comments the strangest/funniest/trashiest memecoins you know and write why you would invest in these projects or not.
The best authors will receive proper respect and shoutouts from our community 🫡

🪙 #Bitcoin Is testing short-term holders

The falling price of #BTC is forcing more panic-prone market participants to sell, which could lead to a price below $60,000 per coin 📉

#CryptoNews

⚠️ #SEC may launch investigations into meme coins

This is particularly relevant for coins issued by media personalities, as their sale may be interpreted by the regulator as a securities offering.

Well, that's it, time to dump #Tremp and #Durev 👋

#CryptoNews

#Opinion

🔷 Andrew Kang believes that #ETH will not reach $4,000 anytime soon

According to him, the updated forms for #Ethereum #ETF applications will not be approved until the first or second quarter of next year.

🔷 #Analysis #Ethereum

For #ETH/#USDT: 3362 is the lower consolidation zone and also a support level with a three-drive pattern. A good level where there may be many stop orders from market traders, which can lead to a good impulsive move.

📉 Trading:
- expect a small movement to the 3430-3450 zone, place limit orders for a short position, and wait for the 3362 level to be broken
- place pending orders for a short at the price of 3360; when the level is broken, the position will open short. Place limit orders in advance to fix the positions

This is not a trading recommendation

🌍 Weekly news #CryptoDigest:

🪙 BTC.D (Bitcoin dominance over altcoins) - 55.39%

🧭 Fear and Greed Index - 51

🇺🇸 June 27, 15:30 USD - GDP (1st quarter)
Forecast - +1.3%, previous value - +3.4%

🇺🇸 June 27, 15:30 USD - Initial jobless claims
Forecast - 240,000, previous number - 238,000

🇺🇸 June 28, 18:00 USD - Fed monetary policy report

📉 #BTC is falling

Analysts from 10x Research warn that in the near future #Bitcoin may correct down to the $50,000 level

😭 — There’s no takeoff
🔥 — Short sellers will get wiped out, and then we’re going to the moon

🪙 #Analytics #Bitcoin

The 58970 zone is a strong support level for buyers.

📈 Mid-term trade:

Buy #BTC/#USDT in the range of 58000 - 61000.

Targets: Close 80% of the position at 64700 - 66100. Set a stop order at breakeven for the remaining 20%, aiming for a breakout of the ATH at 73946.

this is not a trading recommendation

⚠️ The Fear and Greed Index has moved into the fear zone and currently stands at 30

The index can range from 0 (maximum fear) to 100 (maximum greed) and reflects market sentiment. A low value signals oversold conditions, while a high value warns of a possible correction.

Amid the drop in #BTC to $59,000, the index has entered the fear zone for the first time since last September. In the past 24 hours, around $300 million worth of Bitcoin long positions have been liquidated.

Now, we await the liquidation of short positions 🤟

#CryptoNews

⚠️ Important Message for iOS Users

The KickEX app for iOS will soon be temporarily unavailable due to Apple’s policy.

While we are working on a fix, you are welcome to use the web version. We will announce as soon as the iOS app is updated.

Sincerely,
The KickEX Team