$AKE this has been accumulating since this afternoon, the buy wall is consistently over $100k supporting the chart, I've been riding the trade and it's been decent. I expect a push soon, guys consider taking a shot with a small amount.
- Key info: 🗓️ Options contracts on Deribit will expire this Friday at 3 PM VN (1 AM Cali), with 109,000 $BTC (~ $8.52 billion). Max pain for BTC is 72,000. - Additional info: 💡 Max pain for $ETH = $2,200, contract value = $1.34 billion.
$BTC strongly increased after the news of reopening the Strait.
Iran officially reopened the Strait of Hormuz to all commercial vessels for the remaining duration of the ceasefire.
Iran's statement:
"Based on the ceasefire in Lebanon, Iran announces the complete opening of the maritime route through the Strait of Hormuz to all commercial vessels during the validity of the ceasefire. The navigation will be conducted according to the route that has been coordinated and previously announced by the Ports and Maritime Organization of the Islamic Republic of Iran."
According to Tehran's announcement, travel through the strait will be restored for all commercial vessels, but it must still follow the maritime route that has been coordinated and previously announced by the Iranian ports and maritime agency.
🔍🔍🔍 $BTC is being squeezed by two large liquidation zones
- Upper zone: $73.3K, about ~2.05% away from the current price - Lower zone: $70.7K, about ~1.56% away from the current price - Even lower, there is the zone at $67.5K
Usually, the price tends to gravitate towards the zone it is closer to
This time, will it go against the usual trend, guys? 🧐
❗️Just providing information, not investment advice!
- There are many heavy sell orders from $70K and above - The thickest and strongest area is from $74K - $76K - The buying support level is in the range of $64.9K - $66K
$70K is the important threshold for the early days of April
This week, will Uncle B advance to 76K or retreat to 65K, guys? Please share your thoughts! 🧐
❗️Just providing information, not investment advice!
- After 5 consecutive months of decline, BTC ended March with +2% 🟢 A modest positive number but still gives HODLers a bit of green hope 😅 - After 6 consecutive months of decline, ETH ended March with +7% 🟢