CryptoMarketWatch

📊 Daily Crypto Market Update 📊

1. Market Overview
- Global Market Cap: 3.58 (previously 3.52T) via Coingecko
- Top Movers: JUP, VIRTUAL, FET, HYPE, UNI, INJ

2. Altcoin Market Trends 📈
- Alts had a nice rebound after Trump agreed to delay 50% tariffs on EU until July 9th. JUP looks like it may finally be breaking out after its 2 month chop which could be even more attention back to Solana. We also have HYPE continuing to outperform which remains a strong performer and why I always say to buy those on dips as they will outperform when the pump returns.

3. Key News Headlines 📰
- Regulatory Updates: European Union says it's ready to move quickly to negotiate a new trade deal with the US.
- Partnerships or Integrations: Nakamoto Holdings, Kindly MD, Anchorage Digital Announce Strategic Bitcoin Treasury Partnership.
- Major Developments: Trump agrees to delay 50% tariffs on EU until July 9th.

4. Upcoming Events ⏩
- May 27th-29th Bitcoin Conference, Las Vegas
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
The market had a nice rally today after the European Union said it's ready to move quickly to negotiate a new trade deal with the US and Trump agreed to delay their 50% tariffs until July 9th. We also have JD Vance speaking at the Bitcoin Conference between May 27th-29th and billions in FTX refunds coming May 30th. Everything is shaping up to be an explosive week but make sure you're still managing your risk accordingly and taking profits along the way 🤝

📊 Daily Bitcoin Analysis 📊

- BTC had a pullback as we expected and bounced off of our 106k support.
- We now have liquidity drying up to the downside while it's building to the upside near 110k. This could act as a target within the next few days so keep an eye on any positive news as the catalyst.
- The RSI is now reset on the daily below 70 and the StochRSI is near 50 which also gives us more room for a rally.
- Be mindful that it's a Memorial weekend so liquidity will be low and volatility will be high.
- The market is very indecisive right now so I'm remaining patient and continuing to bid at major support levels on the daily/weekly timeframes.

Major resistance is now 110k and 112k
Major support is now 106.2k, 102.7k, 100k, 95k, 88-90k

📊 Daily Crypto Market Update 📊

1. Market Overview
- Global Market Cap: 3.52 (previously 3.63T) via Coingecko
- Top Movers: XMR, AAVE, FTN, KCS, TRX, QNT

2. Altcoin Market Trends 📈
- Alts had a pullback across the board which is understandable after the rally we had all week + high ETF flows. This is where you look for alts showing relative strength and bid those at major support levels.

3. Key News Headlines 📰
- Regulatory Updates: Treasury Secretary Bessent says "digital asset companies deserve regulatory clarity and that's exactly what we are working toward."
- Partnerships or Integrations: BoomFi and Paytiko Announce Strategic Partnership to Bring Crypto Payment Rails to Merchants Worldwide.
- Major Developments: Polygon co-founder Mihailo Bjelic steps down, becoming the third co-founder to leave since 2023 and Trump recommends 50% tariff on the European Union starting June 1st.

4. Upcoming Events ⏩
- May 27th-29th Bitcoin Conference, Las Vegas
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
The main reason for the market pullback was Trump's recent announcement of a 50% tariff on the European Union starting June 1st. This increased market uncertainty and caused many to take a risk-off approach. We also had extremely high BTC ETF inflows yesterday near 1B which is always a local top indicator. I expect we'll continue to chop/decline over the Memorial weekend and then have a relief rally sometime next week. Remember we also have the BTC conference next week with JD Vance speaking which will also create some hype but could be another "sell the news" event. Until then, I'm still eyeing alts with strong relative strength and betting those at major support levels. There are still plenty of opportunities in this market if you're patient and wait for them to come to you.

📊 Daily Bitcoin Analysis 📊

- Last update we were looking for another daily close higher for confirmation of a bullish breakout continuation. We had another daily close above the 106.5k resistance and absolutely sent.
- Now we're hovering between two liquidity zones again (110k and 113k). I imagine we'll at least tag the 109-110k level to get people scared of another drop then potentially continue higher.
- Keep an eye on the 112.7k trendline resistance for BTC. Could be a nice shorting opportunity as it also lines up with current liquidity levels.
- If we break and close above that resistance on the weekly, then I'd start raising my targets to 150k+.

Major resistance is now 113k
Major support is now 110k, 106.8k, 102.7k, 100k, 95k, 88-90k

📊 Daily Crypto Market Update 📊

1. Market Overview
- Global Market Cap: 3.63 (previously 3.48T) via Coingecko
- Top Movers: WLD, JUP, HYPE, FET, INJ, WIF, APT

2. Altcoin Market Trends 📈
- Alts had an amazing run today with Worldcoin leading the way, signaling the upcoming "AI Summer", and ETH breaking above its 50 week EMA at 2600 (we just need to wait for the weekly close). We also had HYPE near the top gainers with its recent HyperEVM launch which is causing a lot of attention for the chain. Needless to say, alts are starting to outshine BTC as BTC.D starts to decline. Now it's just a matter of time before we see the rest of the alts follow suit.

3. Key News Headlines 📰
- Regulatory Updates: JPMorgan, Bank of America, Wells Fargo, Citigroup and other major US banks explore creating a joint crypto stablecoin.
- Partnerships or Integrations: Kraken to offer tokenized US stocks to users worldwide.
- Major Developments: Cetus Protocol, the largest decentralized exchange (DEX) and liquidity provider on the Sui blockchain, was exploited in a hack that drained between $200 million and $260 million worth of tokens. Although Sui validators froze approximately $160–162 million of the stolen funds while reaffirming the Sui blockchain's core infrastructure was not affected.

4. Upcoming Events ⏩
- May 27th-29th Bitcoin Conference, Las Vegas
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
There was a lot of hype today around the Trump dinner with Tron CEO Justin Sun securing the top spot and giving a speech at the gathering. Trump also stated that the US is "dominating" in Bitcoin and crypto, "and we are going to keep it that way." This, combined with continued institutional adoption, shows crypto is quickly reaching escape velocity. During these major runs, the trend is your friend. So look for strong performers and DCA them at major support levels on any retracement.

📊 Daily Bitcoin Analysis 📊

- Our liquidity levels on BTC continue to play out perfectly. We tagged the 104k level as mentioned yesterday before whipsawing back to the upside at taking the liquidity at 108k before retracing again.
- As you can see, BTC just plays a big game of liq grabs. If you're prepared, you can easily trade the range.
- Right now there's more liquidity forming at 105.6k which seems like the likely next target before more chop.
- The biggest thing I don't like is the bearish divergence forming on the daily RSI and StochRSI. That could give us a much bigger pullback than we want. I would have your bids at major support levels just in case.
- I'm still looking for another daily close higher for confirmation of a bullish breakout continuation.

- Major resistance is now 106.8k, 110k, and the 112k trendline.
- Major support is now 102.7k, 100k, 95k, 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.

📊 Daily Crypto Market Update 📊

1. Market Overview
- Global Market Cap: 3.48 (previously 3.45T) via Coingecko
- Top Movers: TRUMP, PI, STX, FET, JUP, UNI

2. Altcoin Market Trends 📈
- Even though BTC had its highest daily close ever, alts are still lagging behind. This is largely due to BTC.D continuing higher but imo it's topping out soon. The monthly RSI is now overbought and there's a bearish divergence with the StochRSI. That's the perfect recipe for a bullish Q3. Now it's all about patience and placing your bets on strong performers at major support levels. Make sure you're combining daily/weekly support levels with the 50/200 EMA and RSI/Stoch RSI

3. Key News Headlines 📰
- Regulatory Updates: Texas House passes second reading to establish a Strategic Bitcoin Reserve.
- Partnerships or Integrations: Binance Partners with Association for Women in Cryptocurrency to Promote Inclusion in Web3
- Major Developments: Bitcoin records highest daily close in history

4. Upcoming Events ⏩
- May 27th-29th Bitcoin Conference, Las Vegas
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
The market had some excitement today after BTC had its highest daily close in history at 106.3k and reached 108k shortly after. There were a few positive announcements such as the US Senate unanimously passing 'No Tax On Tip Act' and Texas House passed second reading to establish a Strategic Bitcoin Reserve. There's a total of three readings in each chamber (the House and the Senate) before it can be passed and sent to the other chamber or the governor for approval. This will create a ton of buy pressure for BTC if passed. The market is extremely euphoric ahead of the Bitcoin Conference May 27th-29th where JD Vance will be speaking so just keep that in mind. A pullback would make sense here since we closed right at resistance and there's multiple bearish divergences forming but if we can close the daily higher a second day in a row then that would confirm the breakout imo. Just make sure you're hedged accordingly and take profits along the way.

🕯 LEVERAGE ALPHA 🕯

💎 LONG - SOL

💎 PRICE - 163-168

💎 LEVERAGE - 10x

TP1 - 173
TP2 - 178
TP3 - 182

Stop Loss - Daily close below 161 (200 EMA)

$SOL has been holding above it's horizontal support at 165 which is just above its daily 200 EMA at 163. You also have the StochRSI oversold and the RSI reset near 50. It's a great R/R imo since we also have a tight stop loss if it closes the daily below it's 200 EMA (which would signal a shift in the trend).

📊 Daily Bitcoin Analysis 📊

- BTC played out exactly as we predicted from our last update. It closed the weekly above 102.7k and subsequently hit our 106k target (highest weekly close ever). Since then, it's had a pullback to the 102.7k level again.
- The RSI and StochRSI are resetting further to the downside which will only give us more room to run once things cool-off.
- We're now starting to see many more levels liquidity levels build to the upside with a small one building at 102.2k. Imo, the perfect fakeout would be to grab the liq to the downside (and even go lower to 99-100k), before reversing to the upside and taking the liquidity near 107k.
- Most have already capitulated after the recent crash so a further move down would have people announcing targets of 90k or lower.
- Once the stock market opens Monday, we'll know a lot more. Now it's about practicing patience and seeing how BTC holds at these current support levels.

- Major resistance is now 106k, 110k, and the 112k trendline.
- Major support is now 102.7k, 100k, 95k, 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.

📊 Daily Bitcoin Analysis 📊

- BTC dropped as we predicted from our last update and swept the liquidity lows. Imo we'll most likely dip a little further before reversing back to the upside. There's still some liquidity near 102k so we should at least reach that point.
- The daily RSI and StochRSI are finally coming back into a healthy level which will give them more room to run once we reverse back to the upside.
- BTC is also coming into our support zone. I have bids set between 101-102k, and 96-99k.
- It's the weekend so expect a lot of volatility. Never force a trade. Let them come to you.

- Major resistance is now 106k, 110k, and the 112k trendline.
- Major support is now 102.7k, 100k, 95k, 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.

📊 Daily Crypto Market Update 📊

1. Market Overview
- Global Market Cap: 3.39 (previously 3.45T) via Coingecko
- Top Movers: KEKIUS, HYPE, LEO, ENA, LTC, FTN

2. Altcoin Market Trends 📈
- Most alts took a breather as memes still make up most of the mindshare. The VC meta is still strong as Pasternak promotes various projects including PCULE and SUBY. With that said, the ETH chain has been gaining traction with MORPHIS which could restart "AI Summer" so keep an eye on that narrative over the next few months.

3. Key News Headlines 📰
- Regulatory Updates: UK crypto firms told to report every user and transaction or risk stiff penalties
- Partnerships or Integrations: NVIDIA and OpenAI partner with UAE to help build one of the world's biggest AI data centers
- Major Developments: Moody's downgrades the US credit rating for the first time in history from AAA to AA1

4. Upcoming Events ⏩
- May 27th-29th Bitcoin Conference, Las Vegas
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
The market had a slight pullback ahead of the weekend but still looks extremely healthy as alts and memes continue to capture mindshare. We still have to see the after effects of the recent downgrade of the US credit rating by Moody's (on Monday's stock market open), but the crypto market seems to be ignoring it. Imo it's no big deal. There's no chance of not getting paid back by the US considering the current economy. Remember, these are the same agencies that had Lehman rated AAA two days before filing bankruptcy, I wouldn't put too much weight on it. Regarding the Russia/Ukraine negotiations, they yielded an agreement to trade 1,000 prisoners of war on each side, although did not specify when that would happen. Other than that, I continue to bid strong alts at major support levels and will take advantage of any volatility that comes. It's the weekend, so I expect there will be a lot.

$Which stablecoin do you prefer using on Binance?
Comment Your Favourite and follow crypto market watch for daily crypto and altcoins update.

↗️MARKET ANALYSIS↗️

VOLATILITY INCOMING

Bitcoin closed the monthly candle just above 94k at resistance. The monthly chart is looking healthier. The bears had a chance to take control at the 90k resistance level and instead BTC is consolidating above that major support/resistance zone. This is generally a healthy sign combined with BTC outperforming equities.

The concern is that BTC hasnt been able to close above the key 95.5k level which is both a momentum pivot and the breakdown candle from 26 Feb. If BTC rejects in this area it is the exact area we would expect a bearish retest to fail and form a lower high.

In any case there has been so little volatility on $BTC over the last week that I expect an explosive move to come in the early part of May maybe as soon as tomorrow

THE NEXT MOVE

While the market is sending mixed signals on the next direction, no one wants to hear “price could go up or down”. The conventional wisdom is to “sell in May and go away” but we might be in for a countermove move this month. 👀

To find the next direction I would look to the 4 hour chart I have shared to front run the daily close. So far BTC has maintained an extremely tight range between 93.5 and 95.5. A 4 hour candle close above or below this range would be an early indication of direction. I would look to go cautiously long or short on a 4-hour closure outside of the range and ride that to the daily close.
If BTC breaks to the upside I expect it to come suddenly on a strong impulse candle. This would likely not be a fakeout but a signal we are headed for 98k and higher.

HOW WE TRADE IT
We watch the 4 hour chart into the daily chart as I said above. To make outsized gains one of the strategies I like is to long strong coins at support and short weaker coins at resistance while BTC is still in the range.

My current long watchlist (at support only) are
💎$BTC $FART, $HYPE, $VIRTUAL and $TON

My current short watchlist (at resistance only)
💎$LINK $BERA $ADA memecoins, most alts. It is much easier to find an ugly chart than a healthy one 🍾

📊 Daily Bitcoin Analysis 📊

- $BTC is still hovering just below its 95k resistance at the 0.618 Fib (which it's touched 5 times in the past).
- Historically, the more times a level is tested, the weaker it becomes.
- The RSI and StochRSI are now starting to level out but I'm still waiting for confirmation of a cross-over for bullish continuation.
- At this point, you're still better off waiting for a daily close above 96k or below 93k. Some liquidity disappeared at 94k but has added above 96k which could act as a magnet with any positive news.

Major resistance is 95k, 100k, 106k, and the 108k trendline.
Major support is 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.

📊 Daily Crypto Market Update 📊

1. Market Overview
- Global Market Cap: 3.07 (previously 3.08T) via Coingecko
- Top Movers: KCS, LEO, SUI, ALPACA

2. Altcoin Market Trends 📈
- Alts have finally taken a breather as BTC stagnates near 95k and memes outperform. ALPACA recently pumped 300% on delisting news which shows manipulation is still at an ATH. Most are waiting to see what BTC does over the next few days as even institutions are taking a risk-off approach amid lower ETF flows until there's more clarity.

3. Key News Headlines 📰
- Regulatory Updates: United Kingdom to collaborate with the US to boost adoption of cryptocurrency
- Partnerships or Integrations: Bitget and Avalanche form crypto partnership in India
- Major Developments: Trump's Truth Social explores launching its own crypto token and wallet

4. Upcoming Events ⏩
- Apr 30th-May 1st Token 2049 Dubai
- May 7th FOMC meeting
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
The market is still holding up fairly well considering the uncertainty surrounding the macro environment. There's been recent tensions between Pakistan and India where Pakistan claims it has ‘credible intelligence’ India will strike within 36 hours. This, along with the tariff wars and Russia/Ukraine means investors are taking a risk-off approach until there's more clarity. We also have the FOMC meeting May 7th but the majority are expecting no interest rate cuts. The silver lining is Trump's Truth Social exploring launching its own crypto token and wallet which would mean the president would be endorsing and legitimizing the idea of a blockchain IPO, all done officially. This would be a white swan event that would override any macro uncertainty imo. Until then, continue to manage risk and take advantage of the volatility.

Which coin do you think will perform best today?

📊 Daily Bitcoin Analysis 📊

- $BTC continues to inch closer to its 95k resistance at the 0.618 Fib (which it's touched 4 times in the past).
- Historically, the more times a level is tested, the weaker it becomes.
- The RSI and StochRSI are still crossing to the downside but any positive news could change that.
- I'm still waiting for a daily close above 96k or below 93k. Very thick liquidity is building between both areas and whichever way we break will be violent.
- I still remain focused on alts as those are still the +EV trade.

Major resistance is 95k, 100k, 106k, and the 108k trendline.
Major support is 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.

📊 Daily Crypto Market Update 📊

1. Market Overview
- Global Market Cap: 3.08 (previously 3.08T) via Coingecko
- Top Movers: VIRTUAL, FLR, BCH, HYPE, MKR, TAO

2. Altcoin Market Trends 📈
- AI coins continue to outperform vs most of the market (VIRTUAL, TAO, etc.). You also have the usual outperformers like HYPE maintaining their top position which shows traders are focused on betting strength, especially during the choppy market.

3. Key News Headlines 📰
- Regulatory Updates: 21Shares files for Dogecoin ETF
- Partnerships or Integrations: Crypto.com partners with Bread Financial to launch crypto-based rewards credit cards
- Major Developments: USDC issuer Circle receives approval to operate as money services provider in Abu Dhabi, UAE

4. Upcoming Events ⏩
- Apr 30th-May 1st Token 2049 Dubai
- May 7th FOMC meeting
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
The market continues to chop as AI and a few top L1s outperform. I imagine liquidity will remain scare during Token2049 but things should pick up towards the end of the week along with new updates surrounding tariffs and the Russia/Ukraine war. This will also coincide with a new month and new catalysts (seasonality + M2 money supply lag, FTX distro, etc.). Remember not to force any trades and wait for opportunities to present themselves. Sometimes the best trade is no trade at all.
For Daily Market Update Please Follow ☝️☝️

📊 Daily Bitcoin Analysis 📊

- Most of our predictions played out yesterday.
- We saw $BTC breakdown and capture the liquidity just below 93k before bouncing and capturing liquidity above 95k.
- It continues to chop within a range and stay below the 0.618 Fib/horizontal resistance.
- The RSI and StochRSI are also still crossing to the downside.
- My stance remains the same. If we close the daily above 96k, I'm targeting 100-105k. If we close below 93k, I'm targeting 88-90k.
- Until then, use this chop to your advantage and bet on strong alts at major support. That has continued to work for us thus far.

Major resistance is 95k, 100k, 106k, and the 108k trendline.
Major support is 88-90k, 86k, 83k, 81k, 77-78k, and 72-74k.

📊 Daily Crypto Market Update 📊
29 April 2024

1. Market Overview
- Global Market Cap: 3.08
- Top Movers: VIRTUAL, XMR, FLR, NEXO, BONK, SEI

2. Altcoin Market Trends 📈
- Alts are continuing their rally as $BTC chopped between 93-95k. BONK is still maintaining traction because of the community's letsbonk.fun platform launch and the recent VIRTUALS run solidifies that AI is here to stay and the "AI Summer" narrative is just around the corner.

3. Key News Headlines 📰
- Regulatory Updates: Arizona House passes bill to establish a Bitcoin Reserve.
- Partnerships or Integrations: Mastercard adds crypto stablecoin settlement support for merchants.
- Major Developments: Chinese company Temu, known for its cheap prices, adds import charges of up to 150% to counter US tariffs.

4. Upcoming Events ⏩
- Apr 30th-May 1st Token 2049 Dubai
- May 7th FOMC meeting
- May 30th FTX starts $11.4B of creditor payouts

5. Summary ✍️
There's been a lot of chop because of tariffs and the Russia/Ukraine war. Just recently we had positive developments come from Israel and India in relation to tariff negotiations, along with Russia finally laying out their terms for a ceasefire. We also had Arizona's House pass a bill to establish a Bitcoin Reserve which brings it closer than any other state. This could also have rippling effects for a further move higher. BTC is very close to breaking major resistance so if we get any more positive news regarding the aforementioned topics (especially with China), that could be enough to break us through resistance. I continue to bid outperformers at strong support and manage risk accordingly.
#dailyanalysis