#### **2. Indicators** - **RSI (37.79):** Approaching oversold, suggesting a potential bounce. - **Volume:** Declining (94,144 vs. MA(5): 119,289), indicating weakening selling pressure. - **Moving Averages:** - MA(5) > MA(10), but both trending downward—caution needed.
#### **3. Market Sentiment** - **DeFi Sector:** MLN is part of the DeFi space, which has been volatile but recovering. - **Order Book Imbalance:** 60.10% buy-side dominance suggests bullish interest.
#### **4. Trade Setup** - **Best Entry:** Wait for a retest of $11.00 support before entering. - **Confirmation:** Look for rising volume and RSI reversal above 40. - **Risk Management:** Tight stop-loss to avoid downside risk.
**Final Verdict:** **Bullish swing trade with caution—ideal for a short-term rebound play.** 🚀
🚨 Why is the Crypto Market Bearish? Key Reasons Behind the Recent Downtrend 📉
The crypto market has been facing a bearish trend recently, and here are the main factors driving it:
🔻 1. Macroeconomic Uncertainty Global trade tensions and economic instability are making investors cautious. Many are moving away from risk assets, including crypto, in response to rising tariffs and regulatory shifts.
⚖ 2. Regulatory Pressure While some hoped for positive regulatory changes, uncertainty around crypto laws is keeping investors on edge. This lack of clarity slows down market momentum.
📊 3. Technical Factors Bitcoin and major altcoins are struggling with key resistance levels. While short-term rebounds are possible, intermediate trends still point downward. BTC support is near $73.8K, while resistance sits at $90.7K & $93.7K.
💰 4. Mass Liquidations & Risk-Off Sentiment Over $300M in liquidations show that traders are de-risking amid fears of macroeconomic instability, leading to price drops across the market.
⚠ 5. Industry-Specific Events High-profile legal cases, such as Galaxy Digital’s $200M settlement, have added to market uncertainty. Such events shake confidence and increase volatility.
🚀 What’s Next? The market remains in a cautious phase, but savvy traders are watching for potential rebounds. Will BTC reclaim key levels, or are we in for more downside? Let us know your thoughts! 👇
Trump’s Trade War Heats Up: #Bitcoin and Stocks Brace for Impact as April 2 Tariff Announcement Loom The financial markets are on edge as US #PresidentDonaldTrump prepares to unveil a fresh wave of import tariffs on April 2. Investors are growing increasingly anxious, with concerns that this move could escalate global trade tensions, affecting both traditional markets and cryptocurrencies like Bitcoin. Bitcoin and Stocks Face Selling Pressure Bitcoin ($BTC ) has already taken a hit, dropping 18
GameStop's plan to issue $1.3 billion convertible notes to buy #Bitcoin could boost crypto market and meme coins
Video game retailer GameStop announced on Wednesday that it plans to issue senior convertible note offerings worth $1.3 billion. The company aims to use part of the proceeds from the offerings to buy Bitcoin.
GameStop plans to acquire $BTC through the sale of senior convertible notes
GameStop has announced plans to acquire Bitcoin as it explores opportunities in the cryptocurrency market. In a press release, the company revealed its intention to issue $1.3 billion in senior convertible notes with a 0% interest rate through a private offering to investors.
The notes are set to mature on April 1, 2030, unless they are redeemed or converted earlier. They will be generally unsecured obligations, will not accrue regular interest, and will maintain their principal amount throughout the holding period.
GameStop disclosed that the proceeds from the offering will be used for general corporate purposes and Bitcoin acquisition. However, the company did not specify the exact percentage or amount that will be allocated to its Bitcoin purchase.
The company's latest venture into digital assets could positively impact the crypto market, similar to Strategy's — the largest corporate holder of BTC — influence$BTC
$BTC Bitcoin’s relief rally may be ‘fleeting.’ Here’s how long it may last.
The largest crypto traded higher on Monday, along with stocks DJIA+1.42% SPX+1.76%, after reports indicated that Trump’s reciprocal tariffs due April 2 are likely to be narrower than expected, while Trump said he “may give a lot of countries breaks.”
$BTC Bitcoin’s recent bounce is likely to extend in the coming days, as its short-term momentum has improved while the short-term overbought conditions were not in place, Katie Stockton, founder and managing partner of Fairlead Strategies, wrote in a Monday note.
The crypto faced a resistance level near its former support at $90,700 while its secondary resistance stood near $93,700. Its support level was at around $73,800, Stockton wrote.
However, $BTC bitcoin’s intermediate-term momentum was to the downside while its weekly stochastics, a technical indicator, were not oversold, which increased the risk that the rebound is fleeting, noted Stockton. “We expect the same for most risk assets,” she wrote.
“Bitcoin is in a cyclical uptrend, but with a monthly overbought downturn likely to be confirmed at month-end, there is risk that a period of digestion could be prolonged,” according to Stockton.
✅ Innovative Technology: Nillion's blind computing approach could be valuable in privacy-focused industries. ✅ Binance Support: Being listed on Binance can boost liquidity and adoption. ✅ Potential Early Opportunity: Since it's a new listing, early investors might benefit if the project gains traction.
Risks to Consider:
⚠️ High Volatility: New listings often experience significant price fluctuations. ⚠️ Unproven Track Record: As a new project, NIL’s long-term success is uncertain. ⚠️ Seed Tag on Binance: This indicates a higher-risk investment.
What You Can Do:
Research the Project: Look into Nillion’s whitepaper, team, and roadmap.
Monitor Price Action: Observe how NIL performs in its first few days of trading.
Invest Wisely: If you decide to buy, consider starting with a small amount and setting stop-loss orders. $NIL
As of March 24, 2025, #Sui (SUI) is trading at approximately $2.39 USD.
Recent technical analyses indicate a bearish trend for $SUI :
Moving Averages: The 20-day exponential moving average is $2.46, while the current price is $2.39, suggesting a downward trend.
MACD Indicator: The MACD value stands at -0.19, indicating bearish momentum.
Relative Strength Index (RSI): With an RSI of 41.47, $SUI is approaching oversold territory, which could signal a potential reversal.
Given these indicators, a cautious approach is advisable for swing trading $SUI . Consider monitoring for signs of trend reversal or consolidation before entering a trade. Implementing strict risk management strategies, such as setting stop-loss orders, is essential to mitigate potential losses.