⏺ #Analysis #NEARProtocol

The price of NEAR/USDT, previously within a descending medium-term correction channel, recently managed to break above and establish itself above its upper boundary, which could be considered a signal for a bullish trend reversal.

📈 Breaking and sustaining the price of #NEAR above the nearest resistance level at 7.700 may be seen as confirmation for the start of an upward trend, with initial targets within the range of 8.530 - 9.500.

📉 The nearest support zone is located within the range of levels 6.000 - 6.630, below which the long scenario becomes less probable.

the provided information is not a trading recommendation

#Analysis #Bitcoin

🪙 The #BTC/#USDT price continues to consolidate near its all-time highs. Over the past week, the market received positive fundamental news regarding new #ETF instruments (this time for #Ethereum), which prompted traders to buy more actively.

As a result, since the beginning of May, the BTC price has been in a short-term upward trend after testing the lower boundary of the range.

📈 The range itself is formed between the support zone of 57 000 - 60 900 and the zone of resistance of 72 000 - 74 000. Recently, the #BTC price tested the first strong resistance level at 72 000. If buyer activity remains strong, a potential scenario to consider is the resumption of the bullish trend and further updating of highs with targets at the 80 000 level.

📉 An alternative scenario is possible if buying pressure is insufficient to break through the 72 000 - 74 000 resistance zone. In this case, it is likely that consolidation will continue, followed by a pullback to the lower boundary of this consolidation and a test of the support zone within the 57 000 - 60 900 range.

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#Analysis #Bitcoin

🪙 #BTC started moving towards its ATH with positive sentiment, but selling began at the first resistance level of 70 665.

📉 There is a trend level that also serves as a support level at the price of 67 380. If 67 380 is breached, the price may drop to 64 602, with short-term targets being 66 312 and 65 857.

📈 Optimistic sentiment may return to the market after the liquidation of long positions, which will occur if the support level at 64 602 is breached.

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🕯 #Analysis from KickEX Traders:

Last week, there was news regarding unemployment data — an increase of 0.1% was recorded. Previously, the Federal Reserve stated that besides inflation, they would also focus on unemployment, and yesterday's increase is a very strong signal for lowering the interest rate. However, we saw confusion in the market, and there’s no hint of positivity here.

On June 12, data on inflation and the Federal Reserve meeting will be released. There’s nothing bullish to expect here (except for Powell's speech). The thing is, inflation was at its lowest last summer, and based on this low base, annual inflation this summer could be high — up to 4%.

🪙 The market situation is very reminiscent of overheating. Markets need to cool down and gather strength for a bull run. But over the past six months, everyone has gotten used to the growth of BTC, so breaking the trend will be difficult.
In this market, scalper traders will feel more comfortable, so beware of ideologically driven trades — take what the market gives you.

🔷 #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

#Analysis #BTC

🪙 #Bitcoin is in a consolidation zone

The chart pattern — a "squeezing triangle" with a false breakout of the lower sloping level — gives confidence to long traders.

📈 If the price breaks through the local level of 59,520, a market reversal to the nearest targets — 61,400, 61,800, and 62,745 — is possible.

📉 If the price breaks through the 59,722 level and falls back below this value, further shorting down to the nearest level of 58,548 is likely.

this is not a trading recommendation

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#Analysis #BTC

🪙 Bitcoin has reached the psychological mark of $60,000

📈 If the price holds above this level, we can expect a breakthrough at $62,745, with the next target for long positions at $65,000.

📉 If #Bitcoin falls below $60,000 again, the price may test the support level at $58,548.

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#Analysis #BTC

🪙 At a recent speech, Fed Chair Jerome Powell stated that he is prepared to lower the interest rate. The market reacted as expected to this news, breaking through the resistance levels of 61,858 and 62,745.

Currently, the price is in a retest zone, and this level has become support.

🕯 If buyers hold the price above 62,745, a return to 65,000 is possible. Otherwise, a short move to 61,858 is likely.

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#Analysis #ETH

🔷 #Ethereum is trading within a consolidation zone of 2392 - 2595

For trading, it's advisable to wait for liquidity to be taken from long or short positions.

🔼 In the case of a LONG, expect a false breakout below the 2392 level, followed by a return above it.

🔽 For a SHORT scenario, it's similar: a false breakout above the 2595 level and a return below it.

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#Analysis #BTC

🪙 #Bitcoin continues its decline and is trying to hold at the support level of $57,000. The main reason for the price drop is the outflow of funds from spot #Bitcoin-#ETFs, which amounted to $37 million.

Meanwhile, experts from Outlier Ventures have calculated that we are currently witnessing the worst performance of "digital gold" post-halving. The previously observed fundamental pattern of the four-year cycle is breaking down, and after 125 days, we see a decline of about 8%.

🕯 In previous cycles, Bitcoin showed growth: 739% in 2012, 10% in 2016, and 22% in 2020.

Bitfinex also provides negative forecasts, suggesting that after a Fed rate cut, instead of a market rally, we might see an even greater decline—down to $40,000 per BTC if a bearish scenario unfolds.

Still believe in Bitcoin?… 😢

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#Analysis #BTC

🪙 #Bitcoin has held above $53,000 and yesterday tested the $58,000 level. On the 4-hour chart, the RSI indicator points to a potential trend reversal

📈 All this signals that a breakout of the $59,000 resistance level is possible, with bulls taking control of the market.

The case for growth is also supported by the fact that inflows into #BTC-#ETF on Monday amounted to around $28.5 million after an 8-day period of outflows.

⚠️ However, it’s important to remember that only a third of September — historically the most negative month for cryptocurrencies — has passed, so caution is advised.

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#Analysis #ETH

🔷 #CryptoQuant published a technical analysis of #Ethereum:

After a prolonged decline, the 30-day moving average of ETH funding rates showed a bullish shift.

📈 This coincided with the market returning to high price levels and an increase in Ethereum’s value, which may signal a reversal of the bearish trend for this coin.

Meanwhile, spot Ethereum-#ETF saw the largest inflow of funds since the beginning of August — $62.5 million.

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#Analysis #AVAX

#Avalanche is in a consolidation zone with cascading levels - 28.23; 28.55 and 28.80.

📈 Long Trade:

Entry after breaking the first cascading level - 28.23.
Stop loss - return below the 28.23 level.
Take profit - breaking the key level of 28.80.

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#Opinion #Analysis

🪙 The total value locked in #SOL has reached $5.5 billion, marking the highest level since January 2022

Why is this important?

#BitgetResearch analyst Ryan Lee claims that the increasing activity on the #Solana network, combined with growing interest from institutional players such as #FranklinTempleton and #Citibank, could serve as favorable factors for the coin's growth:

"Considering the current market sentiment, increased activity, and ongoing development of the Solana ecosystem, along with significant partnerships, we expect Solana to be more bullish than bearish in October, potentially reaching a price range of $160 to $180."

🕯 Lee also notes that #Solana showed resilience at the $110 level while the broader market was in a downtrend, and the #memecoin sector within the project’s ecosystem was one of the most reliable during periods of high volatility.

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📈 Bitcoin may continue its rapid growth

#BTC has broken through the $68,000 level, and analysts have every reason to expect further price increases. The main reasons for these optimistic forecasts include Kamala Harris’s willingness to embrace cryptocurrencies and develop a legal framework for digital assets, as well as the delay in #MtGox payouts, which has calmed the market and reduced the risk of Bitcoin sell-offs.

📆 Additionally, historically, the crypto market shows positive momentum in the second half of October. This time, institutional investors are providing additional support to the rising prices, with their interest in #Bitcoin and #Ethereum-based #ETFs surging sharply.

🪙 Retail investors are also getting back in the game, returning to buy at the $67,000 level, boosting demand for BTC by 7%.

This is not financial advice

#CryptoNews #Analysis

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