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$NEAR Current price: ~4.67 Bias: Bullish while above 4.59 Support zone: 4.39–4.45 FVG: 4.85–4.95 Target 1: 5.00–5.20 Main resistance: 5.40–5.53 Next price: 5.53+ Invalidation: daily close below 4.19
NEAR continues to hold its accumulation range near strong support. A breakout above the range could open a move toward 5.00–5.20, while 5.40–5.53 remains the main breakout test.
Over the weekend, the situation on Bitcoin has barely changed. Volatility is, as expected, weak, and price keeps moving locally inside the range without any strong initiative from buyers or sellers.
My main scenario remains the same. We already got a reaction from the zone of interest above, but the key liquidity around $87,385 has still not been taken.
For now, I'm still waiting for price to return lower, a deeper fill of the imbalance around $82,000, and from there I want to see a buyer reaction and a structure break to the long side.
If we get confirmation, I'll again consider a move up toward our upper targets.
The narrative around privacy tokens is in full swing. Big players have taken it seriously and started pumping them. QNT is a good example. ZEC is one of the oldest, and on top of that it can be mined and brings huge returns, like BTC did back in 2017.
The chart also shows a setup: by trading the breakout from the range, you can capture 3-10% and up to $1,500 per ZEC. $ZEC
$BTC BlackRock and other spot ETFs sold $148.6M in BTC and $59.5M in ETH for the first time in the past 10 days.
This could significantly weaken the uptrend in crypto assets, since demand for futures contracts far exceeds that of spot markets, which are the ones that actually drive the market.
$BTC On X, it's being claimed that BTC was rejected at a five-year resistance level around $87,000, which may point to further downside.
The scenario assumes a step-by-step decline: $86,000 → $76,000 → $67,000 → $61,000 → $54,000. Panic will intensify at each level, and the market's final capitulation could happen around $54,000. "Don't become exit liquidity."
$BTC $ETH 🗽 The US has approved the first funds with 3x leverage on Bitcoin and Ethereum. Their price will move roughly three times as much as BTC and ETH in a single day.
Such instruments are especially risky, but the fact that the SEC has allowed them shows just how far crypto has already moved into the traditional market.