#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

#Opinion

🕯 Analysts from #SpotOnChain believe that Wall Street traders are making a classic mistake

By analyzing the 30-day flow dynamics into spot #bitcoin-#ETFs, experts concluded that Wall Street is buying #BTC at its peaks and selling at its lows.

Good for them! Selling low means that you bought it high 😞

🐶 #MemeCoins became the most profitable sector in the first half of 2024

Meme coins outperformed #RWA by 8.6 times and #DeFi by 542.5 times. At their peak, the average profitability of meme coins reached 2405.1%.

#CryptoNews

#Opinion

🔼 #RobertKiyosaki has joined the #crypto brotherhood and predicts the collapse of the #dollar

It seems that the bestselling author on passive income has fully transitioned to the topic of crypto in his statements. This time, he called #Bitcoin money based on rules, while dollars are fake and debt money that make people poorer.

According to Robert, he already has 30 #BTC, and he continues to buy them every month, anticipating an imminent bull run 🚀

We’re looking forward to his new book, "Rich Dad Crypto Dad."

#Analytics #XRP

🕯 Basis:

- Consolidation for #Ripple since April 13
- Formation of cascading levels
- Squeezing towards the sloping support level

📉 Medium-term trade in a Short position

Entry in 3 parts of the working volume:

- 50% of the volume on the break of the 0.4620 level
- 25% of the volume on the break of the 0.4601 level
- 25% of the volume on the break of the 0.4508 level

The goal is to place limit orders to close positions at 0.4386 and below

The main target — 0.4188

⚠️ Stop loss
Return of the price to the 0.4680 level

This is not a trading recommendation

#Opinion

⚡️ #Reuters reports on the launch of an #ETH-#ETF on July 4th

The agency's report cites its sources and claims that negotiations between the regulator and management companies are nearing completion.

Experts from #Bloomberg also report on the imminent launch of an ETF on #Ethereum, but according to their information, the launch could happen as early as July 2nd.

💯 — Ethereum is going to the moon
🍌 — It’s gonna go flat

🪙 The Fear and Greed Index correlates with the price of #Bitcoin

Analysts from #CryptoCon have noticed a connection between the index value and the price of #BTC. When the indicator approaches the fear mark at 30, it indicates a price bottom for the asset. According to experts, this could be a signal for long-term investors to enter the market.

Currently, the Fear and Greed Index is at 40 and still in the fear zone 🤔

⚡️ An application has been submitted to the #SEC for launching an #ETF based on #Solana

#VanEck has submitted an application to launch an exchange-traded fund based on #SOL, where the altcoin is referred to as a commodity, without the possibility of staking.

The coin immediately responded with growth, and analysts from #GSR stated that if spot Solana-ETFs are approved, a 9-fold increase in SOL can be expected.

#CryptoNews

🔽 #BTC hashrate continues to fall — what does it mean?

Since May, the computing power in the #bitcoin network has decreased by 30%, and miners continue to shut down equipment after the halving to avoid operating at a loss.

Currently, mining profits can only be generated by new generations of ASICs with high energy efficiency and those installed in locations with favorable electricity rates.

Pressure on miners might cease after the rise of bitcoin to $75,000, which could subsequently lead to even greater growth, as farm owners will stop selling their coin reserves to cover losses.

#CryptoNews

😎 What is PolitFi and who is behind it?

We've written multiple times about #TREMP and #BODEN, which are typical examples of memecoins. Their only difference from others is that these coins are tied to the political sphere, which has given rise to a new trend — #PolitFi

PolitFi tokens have gained popularity in the run-up to the upcoming elections in the USA. However, no token is officially linked to a specific politician, and the teams behind most of them are completely anonymous. Political #memecoins merely reflect public sentiment towards a particular candidate and their successes or failures. Although experts predict growth in the PolitFi sector as the US election approaches, the likelihood of scams in such projects is quite high, just like with any other meme coins.

By the way, in the recent debates, neither #Trump nor #Biden mentioned cryptocurrency even once, which may further signal that politicians are still using the industry solely for their PR purposes and are not genuinely interested in the real development of the sector 🧠

#Opinion

🚀 #GSR predicts that #Solana could rise to $1300 if an #ETF is launched

Besides the price prediction, market maker specialists analyzed several assets based on technology, financial flows, decentralization, and market demand criteria. They concluded that #SOL has the highest chances for #ETF approval following the launch of an ETF on #Ethereum