$DOT 1D

Lower highs and lower lows, wait for this to consolidate like we saw last fall IMO and then consider buying in the accumulation range. $8ish should be solid.

Smaller entities with 0.1-100 BTC have been accumulating heavily since the May 19th capitulation.

In total, they've added +97,649 BTC to their holdings.

Bitcoin need to break the mid range resistance of $35,500-$36,000 to go towards the upper range resistance of $40,000-$42,000. The good thing is that BTC break the daily 50 MA and now trading above it and also closed 4 green daily candle in a row which is not seen since April. The candle close below $31,000 triggered a lot of stop loss and short positions which getting rekt now. Bitcoin need to break the major resistance of $42,000 to get some FOMO. The short term sentiments and charts are bullish.

Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider.

The internet behemoth set tongues wagging over the weekend after publishing a job advertisement for a cryptocurrency and blockchain lead.

The vacancy, clearly a signal the company is laying down a pathway towards cryptocurrency transactions, calls for someone who can “leverage domain expertise in blockchain, distributed ledger, central bank digital currencies and cryptocurrency”.

If futures market $BTC went up to 48k in just 1 minute! Liquidating all the shorts

$111,000,000 of shorts liquidated in 10 minutes during the pump.

Binance reducing max leverage to 20x for new users. It will apply to existing users in coming weeks.

#bitcoin breaks 40k!

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Reason of dump:

Amazon denies the rumour that it will start accepting bitcoin and crypto payments. Although Amazon continue to explore new possibilities of crypto payments.

Bitcoin tested the upper range resistance and made a high of $40,500. The good thing is that BTC is holding above $36,000. As long as BTC is above $36,000 the bullish case is valid and we may see another retest of the $40,000-$42,000 resistance zone. Bitcoin also tested the 100 MA and rejected from there. The Amazon news made the pump and dump. Bitcoin nearly tested the $36,000 area and we may see next leg up now.

Bitcoin Dominance is rejecting from the 49.2% resistance area. There is heavy resistance between 49%-50.5% zone and dominance need to stay below it to get rally in altcoins. If Bitcoin Dominance break above this resistance zone then the best option is to stay out from alt positions. Dominance need to reject from this level and if it happens we will see a good rally in altcoins. The support zone for Dominance are 48% and 46%. We may see some recovery in altcoins once BTC stable in a range again. Now BTC is too volatile.

Bitcoin break the $40,000 area and made a high of $40,900. Bitcoin is now trading around $39,800. If today daily candle close above $40,000 then we will see a retest of the major resistance area of $42,000. There js a lot of resistance between $40,000 and $42,000.

The local support zone is $38,300-$38,500 and major support for now is $36,000-$36,500.

One of the Germany's largest assets manager Dekabank is looking to get into Bitcoin. The country new law allows special funds (designed for institutional investors) to invest upto 20% of their portfolio in Bitcoin.

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One-month Bitcoin options skew sold off this week as a result of persistent short-dated call buying flows

Bitcoin Dominance is again get rejected from the resistance of 49.2% area. Bitcoin give a good rally in the last 2 weeks and we may see some sideways movement now. Altcoins are not moved much in the last 2 months and we may see a relief rally in altcoins in coming days. Bitcoin Dominance can test the 46% support zone.

SHIB Analysis:

SHIB is in long downtrend and has not shown any strength yet. The local support zone for SHIB is 610-615 (a lot of zeroes) and if unable to hold this then the major support zone is 550-590. Meme coins hype is going down and investing big amount is not recommended. Only invest 1-3% of your portfolio in meme coins only at support zones. The major resistance is the downtrend line which is around 800-820.

Bitcoin is now trading at the local support of $38,300-$38,500. If BTC unable to hold above this support level then we will see a retest of the mid range support of $35,500-$36,000. A bounce is expected from the local support to remain bullish.

Another leg up in #bitcoin supply held by whales (1k-10k balance wallets).

They're just keep ramping up their positions erasing the dip.