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🔍 Key Level for BTC: $66,200 According to Glassnode data, approximately 410,000 BTC were traded at this level, making it a significant point to watch.

ETH has bounced from the support area as anticipated following a period of accumulation. We might see a test of the resistance line and potentially a breakout this time. With the Ethereum ETF decision approaching, if it gets approved, we could witness a significant rally similar to BTC.

Bitcoin has rebounded after a successful retest, indicating strong support from the bulls. This may lead to a further upward movement towards the major resistance area, with altcoins also likely to experience a rally.

PORTAL analysis: The price is currently trading within a falling wedge pattern and is respecting the trend lines. We may observe a move towards the resistance area, and we should monitor how the price reacts when it reaches that point. If the price drops to the support area, consider opening long positions. Support Area: $0.74-$0.76 Resistance Area: $0.865-$0.888

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Educational Post What Are Bitcoin Runes? Bitcoin Runes is a protocol that enables the creation of fungible tokens on the Bitcoin blockchain. Unlike BRC-20 and SRC-20 tokens that also operate on the Bitcoin blockchain, Runes are not reliant on the Ordinals protocol and are designed to be simpler and more efficient. They utilize established Bitcoin blockchain models, such as the UTXO model and the OP_RETURN opcode. How Do Bitcoin Runes Work? The Bitcoin Runes protocol operates through two fundamental mechanisms of the Bitcoin blockchain: Bitcoin’s UTXO (Unspent Transaction Output) transaction model and the OP_RETURN opcode. In the UTXO transaction model, each transaction results in outputs that are treated as separate pieces of digital currency. To initiate a transaction, you use these outputs as inputs. The UTXO model allows for the tracking of every unit of cryptocurrency. In the context of Bitcoin Runes, each UTXO can hold different amounts or types of Runes, which simplifies the management of tokens. The OP_RETURN opcode allows users to attach additional information to Bitcoin transactions. This opcode facilitates the inclusion of up to 80 bytes of extra data in an unspendable transaction. Bitcoin Runes specifically use the OP_RETURN opcode for storing the token data, such as the token’s name, ID, symbol, commands for specific actions, and other essential data. The data is stored in what is referred to as the Runestone within the OP_RETURN opcode of a Bitcoin transaction.

BNB analysis: The price is currently trading in an ascending triangle pattern, which is a bullish pattern that breaks in an upward direction. We may see a move towards the major resistance area, and a break above this will start a new rally. Major Resistance Area: $620-$635

Bitcoin is retested in the support area and held above it. This is a good sign as BTC is showing strength in the support area. We may see a continuation of the upward movement towards the $69,000-$70,000 major resistance area.

TAO analysis: Price is currently trading within a downtrend channel and has been rejected from the resistance line. We will likely see a test of the support area before the next move, so it would be prudent to wait for new entry opportunities. Support Area: $330-$340 Resistance Area: $395-$405

ETC has surged upwards from the support area, potentially yielding a 9% profit for those in long positions. To safeguard gains, consider adjusting your stop loss to sit below the support region. The trajectory suggests a potential move towards the resistance area ahead. Support Area: $24.40-$25.40 Resistance Area: $28.60-$29.60

SUI has broken the falling wedge pattern in an upward direction as expected. If you have opened long positions, the current spot position is currently in more than 15% profit. The price is currently testing the resistance area, and a break of this resistance will send the price towards a major resistance area. Major Resistance Area: $1.38-$1.44

Bitcoin has surged due to the US inflation data. The price has managed to break above the $65,000 resistance zone and is holding steady. This is a good sign for the market, and we may see a continuation of the upward movement.

REZ Analysis : REZ is a recently listed project in binance and going through the correction now. Price moving within the tight falling wedge pattern and nothing clean on the left to act as support. Only thing we can do is wait for the breakout of the falling wedge pattern, thats also a risky one to take it, so act accordingly.

Educational Post What Is Risk Premium? At its core, risk premium represents the additional compensation investors expect in return for taking on higher levels of risk. It serves as a quantitative measure of the premium or extra return required by an investor to justify investing in a riskier asset compared to a less risky alternative. Investors, in their pursuit of returns, grapple with the trade-off between risk and reward, and understanding risk premium is essential to making informed investment decisions. How Does Risk Premium Work? The concept of risk premium is best understood through the lens of different financial instruments, particularly bonds. Consider a scenario where an investor is comparing two bonds – one issued by a stable government with a low risk of default and another issued by a corporation with a higher risk profile. In this scenario, the government bond, being less risky, would offer a lower interest rate or yield compared to the corporate bond. The difference in yield between the two bonds represents the risk premium. Investors will naturally expect a higher return for holding the riskier corporate bond, compensating them for the added uncertainty and potential default risk. Risk Premium in Cryptocurrency Markets The emergence of cryptocurrencies has introduced a new dimension to the concept of risk premium. Digital assets like bitcoin (BTC) and ether (ETH), characterized by high volatility and a relatively short market history, present unique challenges for investors. In the context of cryptocurrency markets, risk premium can be substantial due to factors such as regulatory uncertainty, technological risks, and the potential for extreme price fluctuations. Investors in cryptocurrencies often demand a higher return to compensate for the inherent risks associated with this nascent and rapidly evolving asset class.

AI is experiencing a downside scenario, and the price retested the triangle after a breakdown. We may see a move towards the major support area, which will be the zone for accumulation. Major Support Area: $0.81-$0.86

Bitcoin’s 90-day correlation with US equities has increased to 0.17, up from a multi-year low of just 0.01 in March. Despite this rise, Bitcoin's correlation with risk assets remains significantly lower than its bull market highs of over 0.6.

Notice of Removal of Spot Trading Pairs - 2024-05-17 https://www.binance.com/en/support/announcement/1f93ef0e7ac84561bec9741f3393b55b

Bitcoin is currently holding the support area, with the price testing it. This could lead to a continuation of sideways movement near the support area, potentially allowing for some accumulation.

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SUI analysis: Price is currently trading in a falling wedge pattern, approaching a decision zone. Consider initiating a small long position with a tight stop loss, as falling wedges typically break upward. Support Area: $0.88-$0.90 Resistance Area: $1.05-$1.07

Glassnode has reported that long-term Bitcoin holders, who had sold around 1 million BTC since late 2023, are now accumulating once again. This group has added approximately 70,000 BTC since the bottom of the cycle, as they see value in BTC's price consolidation above $60,000.

Educational Post What Is Revenge Trading? Revenge trading refers to a psychological trap where traders try to quickly recover their losses, often leading to irrational trading decisions. Revenge trading can lead to a dangerous cycle of poor trading decisions, as traders start basing their trades on emotions rather than proper trading strategies. How Does Revenge Trading Work? Revenge trading typically occurs when a trader experiences a significant loss or a series of losses. Feeling the pressure to "make back" the lost funds, the trader deviates from their trading strategy, often increasing their position sizing or entering trades with higher risk profiles. The trader's judgment is clouded by emotions, overriding the discipline and rules set in their trading plan. They may start ignoring fundamental risk management principles and market indicators, focusing solely on recovering their loss as quickly as possible. For instance, imagine that after a heavy loss caused by an unexpected market downturn, the trader doubles down on another risky position to recover the lost capital. The new position bets against the recent downturn. Despite market indicators suggesting further decline, the trader sticks with the new position without any reason other than to recover their previous losses. Consequences of Revenge Trading Revenge trading can negatively influence traders both financially and emotionally. Financially, revenge trading often leads to further losses. It can also result in higher trading costs if trading frequency increases. Emotionally, revenge trading can lead to stress and anxiety. It can also lead to a feeling of frustration and failure, which might deter the trader from following a systematic trading approach in the future. Furthermore, persistent revenge trading can result in burnout, causing the trader to lose interest and potentially stop trading altogether. Trading is hard and can be very stressful. If you find yourself revenge trading, or failing to follow your trading strategies, long-term investing might be a safer and easier choice, especially for beginners.

ETC is currently testing the support area as expected. It is advisable to open small long positions in the support area. There might be some accumulation at the support before the next upward movement. The support and resistance levels remain the same.

Bitcoin bounced from the support area but was unable to keep the upward momentum. Price is now slowly going towards the support area and we may see a bounce from there. Today is FOMC meeting and we are expecting high volatility in the market.

COMP analysis: Price is currently trading within a triangle pattern, and a breakout may occur soon. It is advisable to wait for the triangle pattern to break before making new entries. Support Area: $53.00-$53.50 Resistance Area: $58.00-$60.00

Bitcoin ETF products experienced inflows for the first time in five weeks, amounting to $130 million. The majority of these inflows, totaling $135 million, were observed in the US region. Additionally, Grayscale, a key player in the market, witnessed its lowest weekly outflows since January.

FTT tests the support area and the price bounced from there. If you have opened any long positions then increase your stop loss and hold the position. We may see a move towards the resistance area now.

Bitcoin is going sideways as said. We may see some volume pump today when US markets open. Nothing has changed in the market as long as the price is holding the $60,000 support level.

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AI Analysis : AI take a bounce from the build-up support area of $0.81 - $0.86 and moving within a triangle formation. Price currently, taking support from the trendline and need to watch a breakout now. Anticipating the clean with, whichever side this gonna break and trading ranges are good enough to take them.

According to Glassnode, Ethereum staking saw a notable 9% increase in Q1, attributed to the DenCun upgrade and a surge in ETH prices. The rise in participation is further influenced by developments such as Liquid Staking and the Eigenlayer Airdrop.

ETH is once again testing the support area, demonstrating resilience as it holds firm. Accumulation appears to be underway, hinting at potential upward momentum. A bounce from the support area towards the resistance line could be on the horizon.

Bitcoin is holding the $60,000 level and bounced from there. The volume is dropping because of the weekend and we see some action on Monday.

ETC analysis: Price is currently stuck in a narrow range and located at its centre. It is advisable to avoid trading at this point and wait for a retest of the support area before entering the market again. Support Area: $24.40-$25.40 Resistance Area: $28.60-$29.60

BTC miners are experiencing a notable decline in revenues after halving. This means the selling pressure is decreased.

The TOTAL crypto marketcap is currently in a downtrend channel on lower timeframes and may test the major support area before the next leg up. There is plenty of liquidity around this support area. Major Support Area: $2 Trillion

Bitcoin experienced a significant drop in value, but it managed to hold the $60,000 level, which is a good sign. We may witness some sideways movement in the market for now before a big move occurs. The price has been trading within a range for a long period, and a big wave may be coming soon.

DODO analysis: The price is currently testing the resistance area. A small uptrend line is acting as support. It is recommended to wait for a clear breakout above the resistance area before opening new long positions. Conversely, if the price breaks below the uptrend line then there may be an opportunity for short entries. Support Area: $0.127-$0.14 Resistance Area: $0.193-$0.205

Coinbase experienced a remarkable surge in trade volume during Q1, surpassing $312 billion. Institutional trading played a significant role, outpacing retail and accounting for a whopping 82% share of the total volume.

JUP is slowly approaching the resistance area. Let's observe how the price reacts when it reaches the resistance area. Only consider opening long positions if the price breaks and closes above the resistance area. Support Area: $0.835-$0.895 Resistance Area: $1.14-$1.22

Bitcoin is slowly gaining momentum and may see some sideways movement over the weekend. To remain bullish, the price needs to break above the resistance area, while the support area remains the same.

FTT analysis: The price was unable to break through the resistance area and encountered a lot of selling pressure. We will likely see a test of the support area in the next few days, which could be an opportunity for new entries. You can place your buy orders within the support area. Support Area: $1.65-$1.75 Resistance Area: $2.18-$2.22

Educational Post What Is the Atomicals Protocol? Atomicals is a free, open-source protocol that provides a flexible way of creating digital objects on Bitcoin or any other blockchain that adopts the same UTXO model. Each digital object is called an “Atomical” or “atom” and basically consists of a chain of digital ownership, which follows a set of simple rules. The Atomicals protocol can be used to mint, transfer, and update all sorts of static or dynamic digital objects, including fungible tokens and non-fungible tokens (NFTs). Atoms are created through Bitcoin transactions, and the protocol is compatible with any Bitcoin wallet without the need for separate chains, layer 2 networks, or third-party services. What Is ARC-20? Inspired by the BRC-20 token standard and built with the Atomicals protocol, ARC-20 is an experimental token standard for fungible tokens (colored coins) on the Bitcoin network. Each ARC-20 token is linked to the value of at least one satoshi, the smallest unit of Bitcoin. This means that, by design, the value of each ARC-20 cannot go below 1 satoshi. However, that doesn’t necessarily mean that there will be market demand for such tokens, so it’s important to DYOR before taking risks. It’s worth noting that there are no official ARC-20 tokens. All of them were created by the community and launched independently of the Atomicals Protocol team.

The price of FET has bounced back from the expected support area. If you opened a long position as signalled, you would have made a profit of more than 34% from our entry. However, the price has once again been rejected from the resistance area, which may result in another test in the coming days. If you are still holding your long positions, it is advisable to increase your stop loss to the breakeven point and hold.

NEXO is still trading within the triangle pattern. We may see a test of the support area and observe how the price reacts. The support and resistance levels remain unchanged.

Bitcoin is currently attempting to hold the trendline and it remains to be seen how the price will react. The major support area is currently between $59,000-$60,000, while the resistance levels have remained unchanged. We may witness a significant market movement next week.

JUP analysis: Price was rejected from the resistance area and now slowly moving towards the support area. This is no trade zone and better to wait for some time. Support Area: $0.835-$0.895 Resistance Area: $1.14-$1.22

Persistence often pays off in the long run. Typically, there's a period of 5-6 months of accumulation before a significant market movement occurs.

ALT is continuing its downward movement, with the price being unable to break the trendline. It is predicted that we may see the price move towards the major support area in the coming days. This zone would be ideal for new entries. Major Support Area: $0.295-$0.305

Bitcoin is now going for a retest of the trendline. We may see a bounce from there. The resistance level remains the same and we see a big move if the price can close above the $65,500 level.

Notice of Removal of Spot Trading Pairs - 2024-05-10 https://www.binance.com/en/support/announcement/04be5fb46fe84e2eadc01fbc2c445cfa

CRV Analysis : CRV is currently lying the major support zone of $0.39 - $0.41 with that it’s forming a Symmetrical Triangle pattern over still. The price is strongly bearish so it might break to the downside and continue to fall. A break to the upside will give the sign of bullishness and can take potential buys on the retest.

Since the inception of the Spot Bitcoin ETF trading in the U.S. on January 11th, there has been a notable surge in spot Bitcoin trading volume, exerting a positive influence on price momentum. Glassnode employs the Net Unrealized Profit and Loss (NUPL) metric to elucidate the impact of ETFs on investor behavior. NUPL quantifies the net profit (or loss) on market holdings, normalized by market capitalization. According to Glassnode's data, NUPL has consistently exceeded 0.5 over the past seven months, indicating that the market is currently in a "typically exuberant phase of a bull market."

DOT is currently trading within a range and there have been no significant changes yet. We may see a movement towards the resistance area. However, as this is not a trading zone, it is better to wait for a clear breakout above the resistance area before making any new entries. The support and resistance levels remain the same.

Bitcoin encountered strong selling pressure at the resistance area which resulted in the price being declined. It is possible that we may see another attempt to move towards the resistance area and we will have to wait and see if the price can break above it and close. So far, there has been no significant change in the market.

IMX analysis: The price of IMX is currently oscillating within a range defined by support and resistance levels. At present, the market is in a consolidation phase, indicating a neutral stance for traders. It's advisable to await a confirmation of the price action at the resistance level before considering any trading positions. Support Area: $1.65-$1.80 Resistance Area: $2.45-$2.60

JUP is facing heavy selling at the resistance area. A move towards the support area is expected if the price is rejected from there. Place buy orders in the support area and wait. Support Area: $0.833-$0.895 Resistance Area: $1.12-$1.20

The Altcoin Market Cap (TOTAL2) has bounced back from the support area as expected. We recommended you accumulate your favourite altcoins and now they are in profit. You should increase your stop loss and hold the positions as we may see a move towards the resistance area in TOTAL2. Resistance Area: $1.20-$1.25 Trillion

Bitcoin has broken the downtrend channel and is moving upward on lower time frames. Currently, the price is attempting to surpass the resistance area. If BTC can successfully break and maintain its position above the resistance area, we can expect a continuation of the upward trend. Resistance Area: $64,500-$65,500

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ALT analysis: Price is currently trading in a downtrend channel while respecting support and resistance lines. The price must break and close above the $0.40 level to gain some bullish momentum. It is better to wait for new entries for now.

BOND made a high of $3.28 today and that is more than 13% profit from our entry on spot and more than 130% profit with 10x leverage. Our technical analysis team always tries to find the best setups with good fundamentals. Pin our channel on top to never miss a signal and share it with your loved ones. Let's earn together 😊

BOND achieved the first Target in BTC pair and printed more than 12% profit from our entry. Increase stop loss and hold the trade for maximum profit.

KEY made a high of $0.07549 today, the first Target achieved. That is more than 12% profit in spot pair and 128% profit with 10x leverage on futures. You can book some profit on future position or hold with trailing Stop loss.

NUPL helps identify the Euphoria phase in a bull market when unrealized profits exceed half the market capitalization (NUPL > 0.5). In the previous cycle (2020-21), this phase occurred 8.5 months after the #Bitcoin halving and lasted for about 10.5 months. But in this cycle, NUPL crossed 0.5 around 6.5 months before the halving, indicating a notable change. The introduction of US ETFs played a significant role, accelerating price action and shaping market dynamics.

Educational Post What Are Crypto Pre-Markets? Since the crypto markets operate 24/7, the term pre-market has a different meaning. Crypto pre-markets refer to trading platforms where investors can trade tokens before they are officially launched or distributed to the general public. Typically, traders use crypto pre-markets to speculate on the value of tokens, buying and selling based on their projected worth post-launch. However, crypto pre-markets are not limited to tokens. In some cases, they allow the trading of "protocol points" that might serve as criteria for future airdrops. How Do Crypto Pre-Markets Work? Crypto pre-markets work similarly to peer-to-peer (P2P) trading platforms but are distinguished by their focus on tokens that are yet to be launched. Crypto pre-markets can offer investors an opportunity to trade tokens during the interval between the allocation announcement, token distribution, and official listing on a trading platform. For instance, consider a new cryptocurrency project that announces the release of its token through an initial exchange offering (IEO). Before the tokens are officially distributed and listed on exchanges, the project opens a pre-market phase on a decentralized platform where early investors can trade the unreleased tokens. This trading activity provides early price discovery and liquidity, allowing traders to gauge market sentiment and set preliminary valuations for the project’s token. Centralized exchanges (CEXes) can also offer crypto pre-market trading, acting as custodians for the transactions.

It appears that GAL has rebounded from the support area as anticipated. If you have already taken a long position, it is recommended to keep holding on to it with a tight stop loss. There is a possibility that we may witness a further upward movement towards the local resistance area. Please note that the support and major resistance areas remain unchanged. Local Resistance area: $4.10-$4.20

Bitcoin has been rejected from the trendline and is now moving sideways. We will likely see a continuation of the sideways movement for the next couple of days before the next move. The support level is currently at $59,000-$60,000, and the market is bullish as long as BTC is trading above it.

Educational Post Bollinger Bands (BB) Bollinger Bands measure the volatility of the market, as well as overbought and oversold conditions. They are made up of three lines - an SMA (the middle band), and an upper and lower band. The settings may vary, but typically the upper and lower bands are two standard deviations away from the middle band. As volatility increases and decreases, the distance between the bands increases and decreases as well. Generally, the closer the price is to the upper band, the closer to overbought conditions the charted asset may be. Conversely, the closer the price is to the lower band, the closer to oversold conditions it may be. For the most part, the price will stay within the bands, but on rare occasions, it may break above or below them. While this event may not be a trading signal in itself, it can act as an indication of extreme market conditions.

In the past 24 hours, over $124 million worth of positions have been liquidated, with more than $94 million in short positions alone. This indicates a significant number of over-leveraged positions in the market. We may expect some sideways movement in the market for the next couple of days.

ETH has rebounded from the support area several times. Currently, the price is moving towards the resistance line of the falling wedge pattern. This pattern may likely break upwards. If you have opened long positions, it is advised to increase your stop loss and hold the long position.

Bitcoin has recently climbed back up to the $60,000 level and is currently trading above it. This is a positive for the crypto market, as it suggests that the upward trend is continuing. It remains to be seen how the price will react when it reaches the $65,000 level, but many traders are feeling optimistic about the future. Overall, market sentiment is trending bullish once again.

ONT analysis: The price has broken below the support level and is now testing it. However, the price is still in a minor downtrend. Therefore, it is advised to wait for new entries. Support Area: $0.315-$0.327 Resistance Area: $0.375-$0.39

Daily RSI data for Bitcoin looks good! When RSI hits around 30, it's historically a smart time to buy.

Finally, W broke the resistance area and the price is now holding above it. You can start accumulating here for mid-term. We may see a continuation of the uptrend. Accumulation Zone: $0.69-$0.71

DOT analysis: The price has reached the support area, and it has bounced back from there. Currently, it is moving towards the resistance area of the trading range. If the price manages to break above the resistance area, it will be a bullish signal, and the upward movement will continue. However, if the price gets rejected from the resistance area, it will move back towards the support area. Support Area: $5.97-$6.10 Resistance Area: $7.57-$7.90

The current Bitcoin price is testing the $59,000-$60,000 level, as expected. If BTC manages to reclaim the $60,000 level, we can expect the upward movement to continue. However, if the price is rejected at this level, we may witness some sideways movement and a slow downward trend.

LIT analysis: The price bounced back from the support area, indicating heavy buy pressure. It is slowly approaching the resistance area. As this is a no-trade zone, it is better to wait for some time. Resistance Area: $1.23-$1.325