Bitcoin bounced back after testing the support area, and the week began with a strong green candle. Let's see if this momentum will hold when the US markets open. Local resistance is in the range of $87,000-$87,400. $BTC #btc
The price of ETH is testing the 1h FVG zone, which is now acting as support. If the price of ETH does not drop below $1920, there is a good chance to see a price reaction and a continuation of the upward movement. The main task for ETH is to stay above the $2010 level, then the price will be able to continue its growth. ↗️ #eth $ETH
📊 The market is holding its breath ahead of the scheduled Federal Reserve meeting on the key interest rate this Wednesday. The forecast suggests maintaining the current rate at 4.25-4.5%, as it was in February.
The fear and greed index remains in the zone of concern given the broader negativity in the stock markets. It is also fueled by statements from U.S. Treasury Secretary Scott Bessen, who, following Trump, did not rule out a recession.
During the decline, the chart confirmed a support zone in the form of FVG 1D in the range of $900B - $965B. If this level holds, the market capitalization of altcoins may head towards the main resistance zone above the $1.15T level.
TOTAL2 (altcoin market cap) has pulled back to the support zone and is holding above it. This is a positive sign and we may see some accumulation around this support level before the next move. This is a good time to accumulate your favorite altcoins as we expect a rally in the altcoin market by the end of March.
The price is currently testing the resistance area; let's see if it can break through and close above this level. We will open a long position as soon as the price confirms the breakout.
The price of ETH picked up liquidity from the previous low and the important level of $2000 during yesterday's decline. There is now a good local price increase, and it even managed to break the local resistance of the FVG 1h in the range of $2050 - $2080. Now, if the price retests the FVG zone and shows a reaction, the local increase may continue to the liquidity level at $2230. ↗️ $ETH #eth
The price of APT is decreasing towards liquidity zones, where a reversal reaction may occur. The main liquidity levels are at $5380 and $5000. The $5000 level is stronger and more attractive for large players, as it is an important psychological level and EQL is located there. ↗️ $APT #apt
Michael Saylor proposed that the USA create a Bitcoin reserve of $81 trillion
The founder of Strategy (formerly MicroStrategy) Michael Saylor presented his manifesto on digital assets to President Donald Trump at the crypto summit in the White House. In the document, he suggested starting pre-planned daily purchases of Bitcoin to accumulate between 5% and 25% of the total Bitcoin issuance by 2035. According to his calculations, by 2045 this could bring the US Treasury between $16 and $81 trillion and become a path to paying off the national debt.
Saylor did not specify the source of capital for such purchases, but claims that the Bitcoin reserve should "generate more than $10 trillion a year by 2045" and become "an eternal source of prosperity." He emphasizes that the USA should never sell Bitcoins and must stop liquidating confiscated assets.
The executive order on the Bitcoin reserve signed by Trump implies its creation from existing confiscated Bitcoins and excludes the use of taxpayer funds to purchase cryptocurrency. It is unknown whether the administration will consider Saylor's proposals.
Over the past week, $876 million was withdrawn from cryptocurrency investment funds. The series of outflows continues for the fourth consecutive week, despite a number of announcements in the US. #новости
Bitcoin has been struggling to recover the $90,000 level and has since fallen from that point. The recent cryptocurrency summit did not bring any significant changes. Currently, a symmetrical triangle is forming on the lower timeframes, and we can expect a breakout from this pattern in the next 2-3 days, which will help determine the next direction for Bitcoin. The local support level is around $86,000, while stronger support is in the range of $83,200 to $83,800. $BTC #btc
The price is currently trading near an important support area, and we may observe some sideways movement here. You might consider opening a long position in the support area with a stop-loss.
#SOLUSDT! Solana has now formed a wider wedge after a sudden drop on the daily timeframe, indicating that selling pressure has eased and the market is recovering.
The price has shown signs of recovery in the pattern, forming a bullish divergence, which could lead to a trend change and further growth.
If it breaks above the pattern, this move could lead to significant profits; target prices in this scenario could reach $177, $203, $224, $245, and $270 respectively.#solana $SOL
The price of LINK is approaching an important liquidity level at $17.740. If the price can break through this level, the next price target could be a large liquidity pool at $19.500. ↗️ #link $LINK
#SUIUSDT The SUI chart shows positive signals of an upward trend; the formation of a bearish wedge on the daily timeframe and a successful retest of the previous high are some signs of such potential. $SUI #sui