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Kirill Gaitan l PROFIT_PILOT
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Believe that Starknet will give ics in 2025?
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Kirill Gaitan l PROFIT_PILOT
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Quick cryptometrics update. Total crypto market capitalization increased from $2.5 trillion to $2.9 trillion 📈. Bitcoin's dominance is declining, but the trend is holding at 65-70% 🟠; a breakout of the uptrend is needed for a reversal. Efirium is testing downtrend, in sideways ⚖️; need 8% breakout with consolidation for reversal. USDT dominance broke uptrend, down to 5% 🟢, which may support cryptoasset price gains; USDT capitalization is $145 billion 💵, total altcoin capitalization rises to $900 billion. Altcoins (without top 10) formed W-pattern, broke downtrend, but traded sideways 🟪; need consolidation above $250 bln for growth. Dollar Index is recovering, expected sideways around 100 in next 1-2 months 💹
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🙋♂️ Hey guys! Reading this review requires a background above the standard hamster 🧠 - most will find it complicated due to the terms and volume of text 📚. Many lack probabilistic thinking 🎲 and just want to be shown the direction of the market ☝️👇. As always, we summarize and analyze the crypto market at the beginning of the week. 🕒 Last week the growth scenario on BTC was realized: after the breakdown of 83K I expected the movement to 90-92K when overcoming 85K. On ETH the resistance zone of 1.7-1.75K remained unbroken, there was no entry point for longing. Liquidation map: BTC: key zones are 85K (bottom), 89.5K (top). ETH: 1.5K (bottom), 1.78K (top). Price movement acceleration is possible in these zones. 💼 ETF market: Institutionals continue to reduce positions. Net inflows: - Bitcoin: +10.7 million USD - Ethereum: -32.3 million USD Bitcoin remains the main benchmark and liquidity center. ⛓️ Onchain metrics: No significant changes, reserves on CEX at lows. 🌐 Macroeconomics: Fed chief noted the strength of the economy, market expects first rate cut with 70% probability in June, only 10% in May. US-China tariff wars continue, supporting demand for defensive assets and pressuring risk assets. The trend is likely to continue in the coming weeks. 🧮 Statistics: April 23 - business activity indexes: slowdown is positive for crypto, but the effect is short-term. April 24 - unemployment claims: a deteriorating labor market will also support risk assets. 💡 Forecast: BTC: Local uptrend, longing priority. Targets are 90-92K, 95K is questionable due to strong supply in this zone. Supports are 85-83K. ETH: Resistance 1.7-1.75K, if broken - growth to 1.9-2K. Supports - 1.5-1.4K. A trigger is needed for growth, for example, approval of a staking-ETF. In general, the market remains bullish, but further growth is limited and requires new drivers. $BTC $ETH
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Starknet ($STRK ) is now deep in the reset zone - the coin is down 95% from its 2024 highs, which is typical for altcoins with potential 📉. The trend remains bearish and fully correlated with Ethereum, as Starknet is the L2 for ETH 🦾. The price may still decline down to $0.10, but I expect a quick consolidation and break of the downtrend 🔄. Since April, a significant increase in open interest has been recorded - this indicates an influx of new contracts and increased attention to the coin 📊. I am not talking about short-term deals, but about a strategic approach: it is important to understand the scenario in advance and be ready to move. When there are signs of reversal - impulse growth, formation of V- or W-pattern, breakdown of trend line and exit from consolidation - it is important to get into this movement 🚀. Volumes on the coin are very high, so the growth may be sharp and most will not have time to enter. Key zones: $0.20, $0.30 (100 MA), $0.50. Return to $0.30 is the first target on a reversal 💡.
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Important from Fed Chairman Jerome Powell's speech: 📌 markets are likely to remain volatile. 📌 he believes there will be a loosening of banking regulations on cryptocurrencies. 📌 Cryptocurrencies are becoming more and more popular and a legal framework for stable coins is a good idea. Didn't say anything new, but didn't add any negativity and thanks for that.
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🙋♂️ Hi guys! As always, at the beginning of the week we summarize and analyze the crypto market. 🕒 Last week we talked about a possible test of local lows on bitcoin, and the important 83K zone, the breakdown of which will give a move for further growth. At the end of the week bitcoin broke the 83K zone and is now trading at the resistance of 85K. I also said that ether is unlikely to decline further due to the reduction of short positions. And the important zone is 1.7K, for a medium-term reversal. As a result, ether got support at local lows and is now trading sideways. Liquidation map: Need to understand important liquidation zones where there could be acceleration in price movement. BTC down 77K and up 89.5K ETH down 1.5K and up 1.75K 💼 ETF Market: Institutional market participants continued to reduce positions in both assets. Bottom line: * Bitcoin ETF: -706.9M USD * Ethereum ETF: -82.5M USD ⛓️ Onchain Metrics: There were no significant changes in metrics, all within average values. 🌐 Macroeconomics: We should expect a resolution to the China-US tariff war, which is likely to continue this week and another throw-in will weigh on prices. Fed intervention - an unscheduled rate cut is in question, but the Feds have said they will intervene if necessary. It should be kept in mind that the regulator has other leverage besides rate cuts. Powell is expected to speak on Wednesday, there may be a change in rhetoric. 🧮 Statistics April 16 - Retail Sales. April 17 - Unemployment benefits. 💡 Forecast: * BTC: The 85K zone is currently local resistance, if broken, a move to the 90-92K zone is likely, where there is an upper boundary of consolidation and significant supply is located. Supports 83-80-75K. The instrument is trading in a local uptrend, the priority of longing remains. * ETH: The zone of 1.7-1.75K is a resistance at the breakdown of which a rebound to the zone of 1.9-2K is probable. Supports 1.5-1.4K. If the breakdown is confirmed, the priority is Long.
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