Update: $ASRUSDT Short Position The current price is approx | CoinInsight on Binance Square

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Update: $ASRUSDT Short Position The current price is approximately 6.466, resulting in about 160% profit with x10 leverage. 

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ASR

5.159

-15.05%

448

0

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Bitcoin experienced a significant decline following its all-time high and another sharp drop after a liquidity grab. The recent sharp decline was triggered by news that emerged yesterday. Currently, the price is near a support area and appears to be bouncing off it. It is retracing back to the broken trendline, with the hope that it can move higher.

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Bitcoin is currently consolidating within a rising wedge pattern and has recently faced rejection at the resistance trendline. The 21-day moving average (MA) and the 50-day MA are providing support, indicating a potential rebound. However, if the price breaks below the pattern, it could lead to further declines.

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Citigroup is exploring the provision of custody and payment services for stablecoins and cryptocurrency ETFs.

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BTC Dominance Analysis Bitcoin dominance has broken out of the ascending channel with considerable volume. The 50-day moving average is now serving as a resistance level above the current price action, indicating the potential for further decline. It's important to remember that BTC dominance often has an inverse relationship with the altcoin market cap.

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$WAL 1D Chart According to the VRVP, the $WAL accumulation zone is between $0.36 and $0.44. Once the resistance line is broken, we could quickly move to $0.70-$0.78, which is my Target Zone 1 🎯. Recently, Grayscale announced the Grayscale Walrus Trust 🔥 🤫.

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