Nilesh Rohilla , Crypto Analyst

The BTC price closed at $28,500 with a 5% gain yesterday, despite the circulation of fake news regarding Bitcoin ETF approval.
The positive aspect is that BTC closed above the MA200, which is situated near $28,000.
The chart is also showing a Higher High and Higher Low pattern, indicating that the BTC price may once again test the $30,000 level.
Support: Two key support levels are at $28,000 and $27,200.
Resistance: The first short-term resistance is at $29,000, while $30,000 to $32,000 will serve as major resistance levels.
Note: Just as BTC reached $30,000 yesterday, catching many short traders off guard, we anticipate that BTC may experience a downturn to clear out long positions. This is a common practice by market makers during a bull run.
If you're not an active trader, consider using a DCA (Dollar-Cost Averaging) strategy.
$BTC #bitcoin #BTC #crypto #trading

#Strax : A 2017 Giant. I still remember when I traded it at around 100K-300K satoshi ($10+) in 2017. Then this giant turned into a mid-cap coin. Now, once again, the stratis team has announced a new update that breathes new life into the project.
Strax is in the KRW pair, and we've seen how Upbit market makers have pumped $LOOM in the past month for 950%.
The big question is, will STRAX be able to surpass 8000 Satoshi or $4.4? If I'm not mistaken, most traders moved on from this in the past few years.
I would suggest market makers pump it up to 8000 Satoshi pre-halving and then push it above 8000 during the upcoming mega bull season. 😍
In January 2018, it reached a $2 billion market cap, and $475 million in 2021. What are your thoughts? Can this 2017 Giant reach a $2 billion market cap again?
We suggested it near $.40 for 50%-100% target which we got. Strax listed in now Binance Future so we can see high volatility in this coin.
Your comment will boost us to share further update in this project.
#trading $STRAX

Today is the deadline for the SEC to appeal the Grayscale Bitcoin Spot ETF decision. Rumour is If they don't appeal the court's decision, It is likely to Grayscale Bitcoin Trust (GBTC) will convert into ETF soon. The Grayscale Trust (GBTC) discount has narrowed from -45% to only -16.6 and climbing. This make market bullish.Jan 10: Critical decision point for other spot BTC ETF proposals.
Bloomberg analysts see a 75% chance of spot bitcoin ETF approval by end of 2023.
Conclusion: Seems Sec will find some way to delay it and may be Grayscale file new application for ETF which take another 240 days. In short, it may take time, expected Q1/2024.
$BTC #bitcoin #ETF #BitcoinETF #GBTC #crypto2023

June 15 11:28 IST: #bitcoin : Where is next support?

🔸On trend Line $25k

🔸On Falling wedge line

🔸On daily MA 200 : 23717

But think, does it matter for you? Is any one know? Do you take a position with SL? will it work?

Yes, there is a lot of confusion you will face.

But if we give ourselves a long timeframe, like by April 2024 or April 2025. Then, it will be easy to take call as a positional trader.

Dont think about each support at each $500 level, its game of scalper who takes many trade based on many factors.

If you are a positional trader, keep things simple and wait, dont take stress by RED Day.

Red days are part of the market and good for positional traders.

#crypto #TRADINGTIPS #BITCOINUPDATE #BTC