📊 Technical Analysis:
Bitcoin #BTC is experiencing partial selling after reaching an all-time high, but it remains in a medium to long-term upward trend according to moving averages (SMA 50 and SMA 200). In the short term, it shows signs of exhaustion, with strong support at around $111,900 and key resistance at $124,533.
Ethereum #ETH Status:
Ethereum has dropped below $4,200 but has shown subsequent recovery. The $4,200 level is considered important support; if it stays above it, the short-term trend may be regained.
Investor Movements and Sentiment:
Banks and risk-sensitive assets (like Bitcoin) have been affected by market tensions ahead of the release of the US Federal Reserve meeting minutes and expectations of lower interest rates.
Other Currencies Outlook:
#xrp : is experiencing a decline of about 3–4% and facing pressure from large liquidity (selling from major traders, with buying from small investors). Nevertheless, 93% of the supply is still making profits. Technically, it faced a rapid collapse followed by stabilization around the $2.91 level.
CUDIS: recorded a strong increase of 28% after being listed on Binance Futures contracts, with a 24-hour trading volume of $24.1 million.
Plasma Project: #Binance announced the conversion of the USDT yield product to the Plasma network upon its launch in September, promising a 2% annual yield and launching the XPL token. $250 million was absorbed in less than an hour from the opening of deposits.
