#SaylorBTCPurchase Michael Saylor and Strategy have again added to their $BTC holdings by purchasing 6,556 BTC worth $555.8 million, bringing their total holdings to 538,200 BTC. The move has boosted MSTRās stock price by nearly 3%. Saylor also highlighted that his firmās exposure to the stock now extends to over 13,000 institutions and an estimated 55 million individuals. This aggressive Bitcoin accumulation continues to make Strategy a key player in the digital asset space.
#TrumpVsPowell has had an impact on the financial world, and cryptocurrencies have been affected. Here is a breakdown of the situation and its impact:
Trumpās Criticism: Donald Trump has openly and repeatedly criticized Federal Reserve Chairman Jerome Powellās handling of interest rates, calling them too high. He has also hinted at the possibility of removing Powell from his position, raising concerns about the Fedās independence.
Fed Independence: The Federal Reserveās independence is critical to maintaining economic stability. Trumpās actions are seen by many as a threat to this independence, creating uncertainty in the markets.
Market Reaction: Uncertainty surrounding the Fedās future has led to increased volatility in the financial markets. The US dollar has weakened, and investors have sought safe haven assets such as gold and, in particular, cryptocurrencies. Cryptocurrencies such as Bitcoin have seen their prices rise, as they are seen by some investors as a hedge against traditional financial instability.
Cryptocurrency Impact: Cryptocurrencies, particularly Bitcoin, are seen by some as a hedge against inflation and a weakening dollar. The uncertainty caused by the Trump-Powell conflict has prompted some investors to turn to these digital assets. The prospect of lower interest rates, which could come from Trumpās pressure on the Fed, is a positive for risk assets such as cryptocurrencies.
š§ $ENJ Setup (EMA Reversal) On the daily timeframe, $ENJ showed a strong reversal signal after a large candle that broke through three exponential moving averages (EMA 20, 50, and 100) at once. This rarely happens in a single day, especially with volume surging to 611 million, more than double the daily averageāa clear indication of large accumulation by buyers.
The previous $0.085ā$0.088 level was a strong base support, and the April 20 candle formed a solid breakout above the EMA20 ($0.096). This condition strengthens the potential for a short-term trend reversal.
š¹ Entry: - Aggressive entry: ideal at $0.097ā$0.101, which is the breakout area of āāEMA20 and EMA50. - Confirmation entry: can be done if the price successfully breaks and closes above $0.112 (EMA100), indicating dominant buyers and the possibility of continuing to EMA200.
š Stop Loss: Placed below $0.087 (EMA20 & minor support), as protection if this breakout fails and the price breaks down again.
š Risk-Reward: - For entry at $0.101 with SL at $0.087 and TP1 $0.112 ā RR ~0.8:1 - If TP2 is reached ($0.147), then RR ~3.2:1 ā ideal for swing
ā Additional Confirmation: - RSI moves up above level 50, indicating momentum is starting to return to buyers. - The breakout volume is very large ā valid accumulation signal. - Candlestick structure indicates potential V-reversal.
š $ENA Reversal Setup (Daily TF) Price is starting to show potential reversal from the $0.28ā$0.29 support zone. Currently, price is approaching EMA 20 ($0.3059). If price manages to close daily above this level, it could be an early signal of a short-term reversal.
š Entry Zone: Anticipation: $0.305ā$0.310 ā when price breaks through EMA 20. #Confirmation: $0.315ā$0.320 ā if it breaks and closes above previous minor resistance.
$XRP price is currently around $2,133, trading between major EMAs. While it has recovered from a recent dip, it is still below EMA 50 and EMA 100, indicating potential consolidation or accumulation before a stronger move. EMA 20 is beginning to curve upward and approaching EMA 50 ā if it crosses up, it could signal a short-term bullish momentum shift.
Stop Loss: Below $1.90 (below the 200 EMA & local support, for protection if the bullish scenario fails.)
Target: - Short term : $2.50 ā $2.70 - Medium term : $3.00 ā $3.20
Technically, $XRP shows signs of bottoming out with potential for bullish reversal if price breaks and holds above the EMA 100. However, volume confirmation and breakout candle are important to watch before entering a position.
$BTC price is currently around $87,470, has broken out and is above all important EMAs (EMA 20, 50, 100, and 200). This indicates potential bullish momentum in the short to medium term. EMA 20 is moving up and approaching EMA 200 ā if a golden cross occurs, it is a strong signal for a long-term uptrend.
Potential Entry Areas: 1.Pullback Entry (conservative): Zone: $85,000 ā $85,500 (Retest EMA 200 & 50 as support.) 2.Breakout Entry (aggressive): Zone: Around current price ($87,400 ā $87,600) (Price has broken out and is supported by bullish momentum.)
Stop Loss: Below $84,000 (below EMA 20) to be safe.
Target: - Short term : $90K ā $92 - Medium term : $96K ā $100K
Technically, the trend shows a potential bullish reversal. However, keep an eye on the volume and confirmation candle before entering. #BTCRebound
[TRX/USDT Daily Setup] Price hugging the EMA 20 & 50 ā still riding the uptrend. Entry zone : $0.2430 ā $0.2450 Target : $0.2550 ā $0.2650 Stop loss : $0.2370
Today's candle shows slight bullish momentum. EMAs pointing up ā good sign for a short swing.