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Proekt_73

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Анализ крипторынка, Срочные новости. Сделки с объяснением их логики. Не даем финансовых рекомендаций, DYOR! Тупые комменты - бан. Мы в Twitter и др - @Proekt_73
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While the BTC price is declining within yesterday's forecast - important news. The best bullish signal since FebruaryWhile the BTC price is declining within yesterday's forecast - there is important news. Last night, the price of #BTC transitioned into a sustainable uptrend on the 3-day timeframe. On Friday, we wrote that 'this should be the launch of a rocket.' It sounds ambitious, but in fact, it's an early signal of high chances for the asset's price to return to a sustainable uptrend on the weekly timeframe.

While the BTC price is declining within yesterday's forecast - important news. The best bullish signal since February

While the BTC price is declining within yesterday's forecast - there is important news.
Last night, the price of #BTC transitioned into a sustainable uptrend on the 3-day timeframe. On Friday, we wrote that 'this should be the launch of a rocket.' It sounds ambitious, but in fact, it's an early signal of high chances for the asset's price to return to a sustainable uptrend on the weekly timeframe.
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What has changed since the night overview on BTC?What has changed since the night overview on BTC? All three downside targets have been executed on the 30-minute timeframe. There is also a signal for a continuation of the correction on the hourly timeframe, where there are sustainable downtrend targets that have not yet been executed: - $95,665. - $95,266. The target of $95,266 is right around the descending trendline from April 25, whose impulsive breakout occurred on May 1. However, in the case of a breakout, we would expect a stronger buyer reaction lower, around $94,530. Several trend supports pass there, as well as the EMA 200 of the hourly timeframe and the EMA 50 of the 4-hour timeframe.

What has changed since the night overview on BTC?

What has changed since the night overview on BTC?
All three downside targets have been executed on the 30-minute timeframe.

There is also a signal for a continuation of the correction on the hourly timeframe, where there are sustainable downtrend targets that have not yet been executed:
- $95,665.
- $95,266.

The target of $95,266 is right around the descending trendline from April 25, whose impulsive breakout occurred on May 1. However, in the case of a breakout, we would expect a stronger buyer reaction lower, around $94,530. Several trend supports pass there, as well as the EMA 200 of the hourly timeframe and the EMA 50 of the 4-hour timeframe.
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An alert has been triggered for a sustained downtrend in BTC on the 30-minute timeframe. It was mentioned during the day that while there is none - there won't be any significant correction anyway. So far, this signal opens up the prospect of moving only towards the following targets: - $96,497, - $96,184, - $95,870. On the 15-minute timeframe, where the downtrend appeared slightly earlier, we have almost reached the second target of $96,559. According to our second indicator, we see that the important horizontal level of 96.499$ - continues to act as support. As long as the price is above, we are still talking about a local range that has been ongoing since May 1. Only with a break and a close below it can we expect at least a test of the local trend line from the high of April 25, which was broken by the impulse on May 1. There has been no retest of the breakout - there will be a chance to set that up. Currently, this trend line is around $95,506. Futures trading on #BTC at the Chicago Mercantile Exchange ended today at $97,680, which is a 'magnet' price for Monday.
An alert has been triggered for a sustained downtrend in BTC on the 30-minute timeframe. It was mentioned during the day that while there is none - there won't be any significant correction anyway.
So far, this signal opens up the prospect of moving only towards the following targets:
- $96,497,
- $96,184,
- $95,870.
On the 15-minute timeframe, where the downtrend appeared slightly earlier, we have almost reached the second target of $96,559.
According to our second indicator, we see that the important horizontal level of 96.499$ - continues to act as support. As long as the price is above, we are still talking about a local range that has been ongoing since May 1. Only with a break and a close below it can we expect at least a test of the local trend line from the high of April 25, which was broken by the impulse on May 1. There has been no retest of the breakout - there will be a chance to set that up. Currently, this trend line is around $95,506.
Futures trading on #BTC at the Chicago Mercantile Exchange ended today at $97,680, which is a 'magnet' price for Monday.
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The Fed's balance sheet has decreased by $17.65 billion over the weekThe Fed's balance sheet has decreased by $17.65 billion over the week. This reduction was preceded by growth/pauses throughout April. But today's report made it clear that the process of quantitative tightening continues. Let us remember Powell's words during his loud speech in Chicago in mid-April:

The Fed's balance sheet has decreased by $17.65 billion over the week

The Fed's balance sheet has decreased by $17.65 billion over the week.
This reduction was preceded by growth/pauses throughout April. But today's report made it clear that the process of quantitative tightening continues.

Let us remember Powell's words during his loud speech in Chicago in mid-April:
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Which crypto projects have TOP funds been investing in latelyWhich crypto projects have TOP funds been investing in lately. Analysis and visualization by #Dropstab, breakdown by us. - Andreessen Horowitz (#a16z): -- #Miden (blockchain for scalability and privacy of transactions, especially for institutions) - 25 million $. ❗️-- #LayerZero (infrastructure project for exchanging between blockchains, token #ZRO) - 25 million $.

Which crypto projects have TOP funds been investing in lately

Which crypto projects have TOP funds been investing in lately. Analysis and visualization by #Dropstab, breakdown by us.

- Andreessen Horowitz (#a16z):
-- #Miden (blockchain for scalability and privacy of transactions, especially for institutions) - 25 million $.
❗️-- #LayerZero (infrastructure project for exchanging between blockchains, token #ZRO) - 25 million $.
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BTC showed an update of yesterday's high and a new upward impulse.BTC showed an update of yesterday's high and a new upward impulse. The warning about the price returning to the uptrend on the 15-minute timeframe was indeed not in vain. So far, it has already worked through part of the additional targets according to the indicator. With targets above the current high of $97,895, everything is quite dense up to $99,000.

BTC showed an update of yesterday's high and a new upward impulse.

BTC showed an update of yesterday's high and a new upward impulse. The warning about the price returning to the uptrend on the 15-minute timeframe was indeed not in vain.
So far, it has already worked through part of the additional targets according to the indicator. With targets above the current high of $97,895, everything is quite dense up to $99,000.
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Trump is once again calling on the Federal Reserve to lower interest rates, but the chances of a reduction have fallen. Notably, the latest demand was voiced immediately after the release of data that actually allows the Fed to hold off on rate changes. Direct quote from Trump on Truth Social: "Gas just hit $1.98$ per gallon - the lowest level in years. Food prices (and eggs!) are falling, energy is becoming cheaper, mortgage rates are declining, employment is strong, and there are many other good news as billions of dollars come in from tariffs. Everything I said is happening, and we are only at the TRANSITION STAGE - it’s just the beginning!!! Consumers have been waiting for this for years - for prices to start dropping. NO INFLATION, THE FED MUST LOWER RATES!!! DJT" According to #CMEGroup, the probability of a rate cut on May 7 is only 3.4% (it was over 5% just yesterday). Expectations for the meeting on June 18 have significantly changed since April 9: - 58.8% expect a pause, - 39.8% expect a reduction of 0.25 percentage points, - 1.3% expect a reduction of 0.5 percentage points. In April, the expectations for June were much more optimistic: - 54.2% expected a reduction of 0.25 percentage points, - 45.0% expected a reduction of 0.5 percentage points, - 0.8% expected a reduction of 0.75 percentage points.
Trump is once again calling on the Federal Reserve to lower interest rates, but the chances of a reduction have fallen. Notably, the latest demand was voiced immediately after the release of data that actually allows the Fed to hold off on rate changes.
Direct quote from Trump on Truth Social:
"Gas just hit $1.98$ per gallon - the lowest level in years. Food prices (and eggs!) are falling, energy is becoming cheaper, mortgage rates are declining, employment is strong, and there are many other good news as billions of dollars come in from tariffs. Everything I said is happening, and we are only at the TRANSITION STAGE - it’s just the beginning!!! Consumers have been waiting for this for years - for prices to start dropping. NO INFLATION, THE FED MUST LOWER RATES!!! DJT"
According to #CMEGroup, the probability of a rate cut on May 7 is only 3.4% (it was over 5% just yesterday).
Expectations for the meeting on June 18 have significantly changed since April 9:
- 58.8% expect a pause,
- 39.8% expect a reduction of 0.25 percentage points,
- 1.3% expect a reduction of 0.5 percentage points.
In April, the expectations for June were much more optimistic:
- 54.2% expected a reduction of 0.25 percentage points,
- 45.0% expected a reduction of 0.5 percentage points,
- 0.8% expected a reduction of 0.75 percentage points.
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New data has been released on the US labor market, causing a harsh 'cut' for risk asset marketsNew data has been released on the US labor market, causing a harsh 'cut' for risk asset markets. What conclusions can be drawn from the data? Figures: - Change in non-farm payrolls for April: 177,000 against a forecast of 185,000 and a previous figure of 138,000. - Average hourly wage growth (y/y): 3.8% against a forecast of 3.9% and a previous figure of 4.1%.

New data has been released on the US labor market, causing a harsh 'cut' for risk asset markets

New data has been released on the US labor market, causing a harsh 'cut' for risk asset markets. What conclusions can be drawn from the data?
Figures:

- Change in non-farm payrolls for April: 177,000 against a forecast of 185,000 and a previous figure of 138,000.
- Average hourly wage growth (y/y): 3.8% against a forecast of 3.9% and a previous figure of 4.1%.
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TOP-10 'made in USA' tokens since Trump's inauguration have lost up to 44%. According to @cryptodiffer at the beginning of May 2025, the price dynamics of the largest projects registered in the USA are as follows: - #XRP: -25.7%, - #SOL: -40.9%, - #ADA: -30.3%, - #SUI: -22.3%, - #LINK: -39.6%, - #AVAX: -40.7%, - #XLM: -37.5%, - #HBAR: -44.0%, - #LTC: -26.6%, - #DOT: -34.2%. None of these projects avoided significant declines. The maximum losses are for #HBAR (-44.0%) and #SOL (-40.9%), while the minimum is for #SUI (-22.3%). Purchases based on the 'made in USA' narrative after Trump's inauguration turned out to be a clear false start. Moreover, it was so painful that many no longer wanted to buy at April prices, even with reasons to talk about a market turnaround.
TOP-10 'made in USA' tokens since Trump's inauguration have lost up to 44%.
According to @cryptodiffer at the beginning of May 2025, the price dynamics of the largest projects registered in the USA are as follows:
- #XRP: -25.7%,
- #SOL: -40.9%,
- #ADA: -30.3%,
- #SUI: -22.3%,
- #LINK: -39.6%,
- #AVAX: -40.7%,
- #XLM: -37.5%,
- #HBAR: -44.0%,
- #LTC: -26.6%,
- #DOT: -34.2%.
None of these projects avoided significant declines. The maximum losses are for #HBAR (-44.0%) and #SOL (-40.9%), while the minimum is for #SUI (-22.3%).
Purchases based on the 'made in USA' narrative after Trump's inauguration turned out to be a clear false start. Moreover, it was so painful that many no longer wanted to buy at April prices, even with reasons to talk about a market turnaround.
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Company Strategy of Mike Saylor presented its report for the first quarter of 2025Company Strategy of Mike Saylor presented its report for the first quarter of 2025. The aggressive accumulation strategy #BTC continues despite record paper losses at the moment. Since January 2025, a new accounting model has been implemented: fair value accounting. This allowed for the reflection of $12.7 billion of accumulated paper profit, but the report also included $5.9 billion of unrealized losses - due to the volatility of BTC on the closing date of the quarter.

Company Strategy of Mike Saylor presented its report for the first quarter of 2025

Company Strategy of Mike Saylor presented its report for the first quarter of 2025.

The aggressive accumulation strategy #BTC continues despite record paper losses at the moment. Since January 2025, a new accounting model has been implemented: fair value accounting. This allowed for the reflection of $12.7 billion of accumulated paper profit, but the report also included $5.9 billion of unrealized losses - due to the volatility of BTC on the closing date of the quarter.
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Important events for the crypto market on May 2 from the economic calendar. All attention today is on the US labor market data; their publication will surely bring increased volatility to risk assets. Full schedule for the day: - 12:00 Kyiv and MSK / 14:00 Astana - Data pool on the EU economy: -- Manufacturing PMI. -- Core Consumer Price Index. -- Consumer Price Index. -- Unemployment Rate. All data is important due to recession risks and the role of the euro in calculating DXY. ❗️- 15:30 Kyiv and MSK / 17:30 Astana - Large data pool on the US labor market: -- Change in Nonfarm Payrolls. -- Unemployment Rate. -- Average Hourly Earnings. -- Labor Force Participation Rate. All data is very important for the May Fed decision. - 17:00 Kyiv and MSK / 19:00 Astana - US Factory Orders. Important for assessing recession risks.
Important events for the crypto market on May 2 from the economic calendar. All attention today is on the US labor market data; their publication will surely bring increased volatility to risk assets.
Full schedule for the day:
- 12:00 Kyiv and MSK / 14:00 Astana - Data pool on the EU economy:
-- Manufacturing PMI.
-- Core Consumer Price Index.
-- Consumer Price Index.
-- Unemployment Rate.
All data is important due to recession risks and the role of the euro in calculating DXY.
❗️- 15:30 Kyiv and MSK / 17:30 Astana - Large data pool on the US labor market:
-- Change in Nonfarm Payrolls.
-- Unemployment Rate.
-- Average Hourly Earnings.
-- Labor Force Participation Rate.
All data is very important for the May Fed decision.
- 17:00 Kyiv and MSK / 19:00 Astana - US Factory Orders. Important for assessing recession risks.
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Scammer Arkad [fomokiller] has launched the tenth (!), anniversary scam token in his Telegram channel - supposedly a Coca-Cola token. He is creating fakes, not even trying anymore and calling them a "popular clothing brand" 🤡. To everyone looking for information - this is a scam, you are being conned. This token is created by the scammer himself, the smart contract is written in such a way that you can buy this junk, but you won't be able to sell it. The scheme is called honeyport, if you haven't encountered it - read about it online. Before this - "token from Bank of America" - [binance.com/ru-UA/square/post/22751135397713](https://www.binance.com/ru-UA/square/post/22751135397713) Before this - "token from McDonald's" - [binance.com/ru-UA/square/post/22558897339505](https://www.binance.com/ru-UA/square/post/22558897339505) Before this - "token from Amazon" - [binance.com/ru-UA/square/post/22516903782569](https://www.binance.com/ru-UA/square/post/22516903782569) Before this - "token from Apple" - [binance.com/ru-UA/square/post/22418347597882](https://www.binance.com/ru-UA/square/post/22418347597882) Before this he launched: Scam token "SHR" [ binance.com/ru-UA/square/post/22289082581842](https://www.binance.com/ru-UA/square/post/22289082581842) Scam token "GUN" [binance.com/ru-UA/square/post/22254572761937](https://www.binance.com/ru-UA/square/post/22254572761937) Scam token "RECALL" [binance.com/ru-UA/square/post/22202991037322](https://www.binance.com/ru-UA/square/post/22202991037322) Scam token "INF" [binance.com/ru-UA/square/post/22117028920602](https://www.binance.com/ru-UA/square/post/22117028920602) Scam token "BAI" [binance.com/ru-UA/square/post/22072182866657](https://www.binance.com/ru-UA/square/post/22072182866657)
Scammer Arkad [fomokiller] has launched the tenth (!), anniversary scam token in his Telegram channel - supposedly a Coca-Cola token. He is creating fakes, not even trying anymore and calling them a "popular clothing brand" 🤡.

To everyone looking for information - this is a scam, you are being conned. This token is created by the scammer himself, the smart contract is written in such a way that you can buy this junk, but you won't be able to sell it. The scheme is called honeyport, if you haven't encountered it - read about it online.

Before this - "token from Bank of America" - binance.com/ru-UA/square/post/22751135397713
Before this - "token from McDonald's" - binance.com/ru-UA/square/post/22558897339505
Before this - "token from Amazon" - binance.com/ru-UA/square/post/22516903782569
Before this - "token from Apple" - binance.com/ru-UA/square/post/22418347597882
Before this he launched:
Scam token "SHR" binance.com/ru-UA/square/post/22289082581842
Scam token "GUN" binance.com/ru-UA/square/post/22254572761937
Scam token "RECALL" binance.com/ru-UA/square/post/22202991037322
Scam token "INF" binance.com/ru-UA/square/post/22117028920602
Scam token "BAI" binance.com/ru-UA/square/post/22072182866657
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The BTC course shows the first adequate sign of correction since April 30. There is a transition into a stable downtrend on the 15-minute timeframe. Yesterday it was written that without this signal, it is too early to even talk about attempts to reverse. The uptrend on this timeframe had been going since 94,638$ and gave a net movement of 2.9% at the peak over two days. Now the price is looking down, while the nearest base targets are 96,298$ and 96,093$. There is a consolidation below the EMA 50 of this timeframe. Overall, the strength of this impulse still needs to be assessed; we are looking at older timeframes, waiting for signals there.
The BTC course shows the first adequate sign of correction since April 30. There is a transition into a stable downtrend on the 15-minute timeframe. Yesterday it was written that without this signal, it is too early to even talk about attempts to reverse.
The uptrend on this timeframe had been going since 94,638$ and gave a net movement of 2.9% at the peak over two days.
Now the price is looking down, while the nearest base targets are 96,298$ and 96,093$. There is a consolidation below the EMA 50 of this timeframe. Overall, the strength of this impulse still needs to be assessed; we are looking at older timeframes, waiting for signals there.
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Dominance of stablecoins USDT+USDC: short- and medium-term expectationsDominance of stablecoins USDT+USDC: short- and medium-term expectations. Let's start with the conclusions. In the short term - on Friday afternoon, we are expecting another attempt to increase the dominance of stablecoins. Accordingly, another attempt to correct the market. During this time, a large pool of data on the labor market will be released in the States, so the data may indeed provide a reason for movement.

Dominance of stablecoins USDT+USDC: short- and medium-term expectations

Dominance of stablecoins USDT+USDC: short- and medium-term expectations.
Let's start with the conclusions. In the short term - on Friday afternoon, we are expecting another attempt to increase the dominance of stablecoins. Accordingly, another attempt to correct the market. During this time, a large pool of data on the labor market will be released in the States, so the data may indeed provide a reason for movement.
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The Notcoin and Dogs teams held a record-breaking drone show at TOKEN2049 in DubaiThe Notcoin and Dogs teams held a record-breaking drone show at TOKEN2049 in Dubai. They held it at the Madinat Jumeirah hotel with the aim of visually presenting the story of the mass adoption of Telegram and the TON ecosystem. The presentation made it into the Guinness Book of Records for demonstrating the largest flying sky bone made of 1,600 drones 😅

The Notcoin and Dogs teams held a record-breaking drone show at TOKEN2049 in Dubai

The Notcoin and Dogs teams held a record-breaking drone show at TOKEN2049 in Dubai.
They held it at the Madinat Jumeirah hotel with the aim of visually presenting the story of the mass adoption of Telegram and the TON ecosystem.
The presentation made it into the Guinness Book of Records for demonstrating the largest flying sky bone made of 1,600 drones 😅
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Top 15 AI Tokens by Fully Diluted CapitalizationThe top 15 AI tokens by fully diluted capitalization currently have a total capitalization of $15.8 billion. This data is provided by cryptodiffer. Although the narrative of AI tokens is somehow considered a 'has-been' - given the prospects of the industry itself, this is far from the truth. For investors, the question is to choose the right assets from the niche. The focus should be on infrastructure, not hype. This is the reason we are minting #GRASS.

Top 15 AI Tokens by Fully Diluted Capitalization

The top 15 AI tokens by fully diluted capitalization currently have a total capitalization of $15.8 billion. This data is provided by cryptodiffer.
Although the narrative of AI tokens is somehow considered a 'has-been' - given the prospects of the industry itself, this is far from the truth. For investors, the question is to choose the right assets from the niche. The focus should be on infrastructure, not hype. This is the reason we are minting #GRASS.
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BTC could reach 125,000-150,000 by the end of summer to early autumn 2025, if it returns above $100,000. This conclusion was reached by the renowned cryptocurrency market analyst Peter Brandt. He published an updated weekly chart of BTC with a key assumption: if the price can return to the previously broken parabolic trajectory, the market could reach the peak of the cycle as early as August-September of this year. Currently, #BTC is trading within a wedge (Wdg), and returning to the parabolic curve will require a breakout of resistance around the mentioned $100,000. At the same time, after reaching the peak, Brandt expects a correction of more than 50%. So far, Brandt's technical scenario remains bullish - again, provided that #BTC can establish itself above the critical resistance zone and return to the parabola. At the end, Brandt adds: "Although I am less concerned about fundamental factors, the only scenario that could change everything is a sudden destruction of the US dollar, which could lead to a hyper-break above the upper curve, similar to interest rates in Germany in the 1920s."
BTC could reach 125,000-150,000 by the end of summer to early autumn 2025, if it returns above $100,000. This conclusion was reached by the renowned cryptocurrency market analyst Peter Brandt.
He published an updated weekly chart of BTC with a key assumption: if the price can return to the previously broken parabolic trajectory, the market could reach the peak of the cycle as early as August-September of this year.
Currently, #BTC is trading within a wedge (Wdg), and returning to the parabolic curve will require a breakout of resistance around the mentioned $100,000.
At the same time, after reaching the peak, Brandt expects a correction of more than 50%.
So far, Brandt's technical scenario remains bullish - again, provided that #BTC can establish itself above the critical resistance zone and return to the parabola.
At the end, Brandt adds:
"Although I am less concerned about fundamental factors, the only scenario that could change everything is a sudden destruction of the US dollar, which could lead to a hyper-break above the upper curve, similar to interest rates in Germany in the 1920s."
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Coingecko: More than half of cryptocurrencies have 'died' since 2021Coingecko: More than half of cryptocurrencies have 'died' since 2021. An impressive statistic that confirms the simple truth - it is extremely risky to enter a bear market with a portfolio stuffed with altcoins. According to #Coingecko, almost 1.4 million tokens died in 2024 alone - a record figure for all time.

Coingecko: More than half of cryptocurrencies have 'died' since 2021

Coingecko: More than half of cryptocurrencies have 'died' since 2021. An impressive statistic that confirms the simple truth - it is extremely risky to enter a bear market with a portfolio stuffed with altcoins.

According to #Coingecko, almost 1.4 million tokens died in 2024 alone - a record figure for all time.
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BTC has strengthened from the overview, transitioning into a stable uptrend even on the 2-hour timeframe. With key targets of 96,811.51 and 97,525$. The density of additional targets is up to 99,653$. However, in 30 minutes, a candle will close with already the third mark of a potential high, which poses a challenge for the bulls. As mentioned, even on the 15-minute timeframe, there is a stable uptrend - all discussions about a correction are just wishes. Yes - it makes sense to correct part of the pump, yes - there are signals of extremes. But the price is still being pushed higher. The current high is 96,734$. Horizontal resistance levels on the 4-hour timeframe remain the same: 96,499$, 97,176$, 98,079$. The battle is currently ongoing for the first one. And among the trend resistances, there is still one local, deserving attention - the trend line from the highs of April 23 and 25. It is currently at 98,838$. Too high for a simple over-high scenario and a move down. Just in case, let's show other important horizontal levels on the 4-hour timeframe above: 100,335$, 101,689$, 103,720$, 104,849$. After all, as seen in the screenshot with six timeframes, we have a "total green" across all six timeframes, from 5-minute to 4-hour.
BTC has strengthened from the overview, transitioning into a stable uptrend even on the 2-hour timeframe. With key targets of 96,811.51 and 97,525$. The density of additional targets is up to 99,653$. However, in 30 minutes, a candle will close with already the third mark of a potential high, which poses a challenge for the bulls.
As mentioned, even on the 15-minute timeframe, there is a stable uptrend - all discussions about a correction are just wishes. Yes - it makes sense to correct part of the pump, yes - there are signals of extremes. But the price is still being pushed higher. The current high is 96,734$.
Horizontal resistance levels on the 4-hour timeframe remain the same: 96,499$, 97,176$, 98,079$. The battle is currently ongoing for the first one.
And among the trend resistances, there is still one local, deserving attention - the trend line from the highs of April 23 and 25. It is currently at 98,838$. Too high for a simple over-high scenario and a move down.
Just in case, let's show other important horizontal levels on the 4-hour timeframe above: 100,335$, 101,689$, 103,720$, 104,849$. After all, as seen in the screenshot with six timeframes, we have a "total green" across all six timeframes, from 5-minute to 4-hour.
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Initial claims for unemployment benefits in the U.S. rose more than expected. Moreover, they increased to a 9-week high: 241 thousand compared to the forecast of 224 thousand and the previous figure of 223 thousand. The total number of claims for unemployment benefits also rose more than forecasts - to 1.916 million instead of the expected 1.86 million. The data - while not the most important for the labor market this week, confirms yesterday's weak figures for employment in the non-farm sector from ADP. The worse the labor market gets, the greater the chances that the U.S. Federal Reserve will start considering lowering interest rates. In this regard, tomorrow's data will be key - including the unemployment rate and changes in the number of jobs in manufacturing. Friday could be even more volatile on macro data than Wednesday was.
Initial claims for unemployment benefits in the U.S. rose more than expected. Moreover, they increased to a 9-week high: 241 thousand compared to the forecast of 224 thousand and the previous figure of 223 thousand.
The total number of claims for unemployment benefits also rose more than forecasts - to 1.916 million instead of the expected 1.86 million.
The data - while not the most important for the labor market this week, confirms yesterday's weak figures for employment in the non-farm sector from ADP.
The worse the labor market gets, the greater the chances that the U.S. Federal Reserve will start considering lowering interest rates. In this regard, tomorrow's data will be key - including the unemployment rate and changes in the number of jobs in manufacturing. Friday could be even more volatile on macro data than Wednesday was.
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