Bitcoin is in buy territory. Don't let yourself get fooled. But you gotta understand that the price might keep dropping. The main zone that shouldn't get hit is 45K.
In the last 4 hours, the futures volume for BTC surged by 150%, while spot volume dipped by 10%. This indicates that: • No new funds are entering the market. • There’s active repositioning of existing positions. • Liquidations may occur, along with a struggle for critical levels. • Increased activity is noted only in derivatives, without confirmation from the spot market. For now, this is more of a signal for position redistribution rather than the formation of a sustainable trend. Keep an eye on OI and spot volume: they will reveal whether a real impulse will emerge. $BTC #BTC
This week marks the launch of the largest IPO in history, and many believe it could trigger a market crash due to liquidity being drained from other assets.
But it's crucial to understand that this process doesn’t happen overnight. Big players, including funds, have likely been building their positions for weeks, if not months, which is partially reflected in the recent market correction. So, we can more reasonably expect a sideways trading period rather than a full-blown crash. Especially since the president's buddy Elon Musk wouldn’t want to roll out an IPO when there's uncertainty about its success, and it's quite possible that during this time a positive market trigger could occur (like the reopening of Hormuz, a market rebound, or comments from the Fed regarding rate cuts).
The cryptocurrency Zcash tanked by 50% after the Claude AI vulnerability was discovered. However, this vulnerability has been patched, and the fallout from the bad news compounded the bearish sentiment in the market. Right now, it looks like they've stabilized the price and pushed it back above $400. Honestly, I think we can expect a bounce back into the $500-$600 range, with a scenario below $330 being off the table. #ZEC $ZEC
Price is trading below its 20 and 50 EMA. Spot volumes have increased along with futures volumes. Open interest remains unchanged. RSI/MACD oscillators are in oversold territory, a bounce is possible. CVD is bullish. The main scenario - a bounce to the 64K zone.
Alternative scenario - a break of support at 58K will send the price to 55K #BTC $BTC #Mirkaso
The price is trading below its 20 and 50 EMA. Spot volumes have increased, while futures remain low. Open interest is moderately declining. RSI/MACD oscillators are in oversold territory, a bounce is possible. CVD is bearish.
Main scenario - a drop to the 60K zone.
Alternative scenario - a breakout above resistance at 66K could push the price to around 69K. #BTC $BTC #Mirkaso
Bitcoin intraday - a bounce is possible as long as we're above 65K.
The price is trading below its 20 and 50 EMA. Spot and futures volumes are low. Open interest is moderately decreasing. RSI/MACD oscillators are neutral. CVD is bullish.
The main scenario is a bounce to the 68.5K zone.
The alternative scenario - a break below support at 65K could send the price down to around 62K. #BTC $BTC #Mirkaso
Bitcoin intraday - bearish as long as it's below 71.9K. Price is trading under its 20 and 50 EMA. Spot and futures volumes are low. Open interest remains unchanged (no short closures). RSI/MACD oscillators show oversold conditions, possibility of a bounce or continuation of the trend. CVD is bearish. Main scenario - drop to 68K.
Alternative scenario - a return above 71.9 will send the price towards 74K. $BTC <a>...</a> #BTC <a>...</a> #Mirkaso