Currently $BTC has broken out of the price range of 68k5$.
Regarding DATA, currently in the order book area there are 3 Buy positions in the Future pair worth a total of more than 90M$.
=> Inferred that the market is gradually recovering strongly this June and the road to 80k - 110K will be high in the near future. But for now, let's be 80k$ in June.
$PEPE While I was preparing my article on May 30, I carefully watched the level that I had specifically mentioned come up to the 0.00001463 market breakout area, gather the price back even though it threw a fuse twice in 4 hours, and then moved to the upper area. But then we saw that BTC did not resist the sharp downward movement and broke the 0.00001315 market with a long red candle.
It seems that the total from the Lower Area reached the levels of 0.00001600, which I determined as the upper region in my previous article, and that it wicked this area several times and was rejected.
In my opinion the upper area critical level is 0.00001646 If it passes this level with voluminous candles, it will move towards a new ATH.
In case of rejection, 0.00001346 will come to the test. I would especially like to point out that losing the 0.00001315 price will make the decline even deeper. #PEPE✈️ #PEPE❤️ #PEPEATH #PEPE✈
The martket has very few transactions on weekends so there isn't much DATA.
Currently, there is a liquatedation with a value of 70M$ and in the region of 70k$, so the possibility of the second trading month in June will be high. #NHẬNĐỊNHTHỊTRƯỜNG #bitcoin #Liquidation
$PIXEL is currently in the resistance zone. There will definitely be volatility around this area. But with that strong motivation, I think $PIXEL will overcome it..
- For those who don't know, we still have 2 Option positions expiring on May 31 for $ETH .
- The PnL of these two positions is only profitable when the price $ETH is GREATER than $3915 before expiration.
- With a huge volume worth more than $250m, this is something we need to pay a lot of attention to!
- And 💸$BTC currently discovered a position worth 35M$ is limited at 65k$ and the time has been set for 11 hours.
=> This means that the position can be removed at any time, but I ask myself why do I do that? Although the position is quite small, it is enough to understand that the whole market is currently wanting BullRun from retails to big players..
- And not further than that, the Tokens I called you to put in stock are now earning a little profit, but that doesn't make me happy so you should move your stoploss entry because the market is very REKT.
- After Mt Gox transferred 12k $BTC - worth 840m$ to a strange address, the market immediately showed negative signals and $BTC dropped nearly 2000 in price. - Then record the CVD - basically an index indicating the buying and selling force between exchanges, we can see that the#Coinbaseexchange and the BTC/USDT pair on#Binancehave a selling move (picture 1). - But after checking more deeply in the#Binanceexchange data, the huge force after buying still has no move to sell, most of which are from smaller component orders. Combined with the#Bifinexfloor gathering of pro traders, it seems that the big guys are still not devastated by this information. -Finally, with#CMEexchange data, $BTC has a gap around 70k-70k3, which 90% will be filled sooner or later!
Follow Minh to be able to follow more news about market and onchain data on X https://x.com/VenTraderCrypto
Something from the moment the SEC approved Spot $ETH ETF until today, there are quite a lot of#BUYorders at 3k5 - 3k6$ like this.
👉 That proves that it is likely to reach 4k5-5k soon.
👉 Do you still remember the Spot $BTC ETF in January? After approval, it took us 3 weeks to bleed the entire market, but now we have surpassed the 73k mark.
💵 => In short, I have more hope that after the SEC approves $ETH ETF, I only have 2 weeks of Dump to withdraw for me to buy.
Magic Wednesday? - According to the Liquidation data chart, the 63k - 64k mark has quite a lot of liquidation below. There is a high possibility of correction but there is still a higher possibility of pumping up due to ETH ETF approval or not? Or Sell the News.
But in my personal opinion, I still prefer Short over Long for 2 reasons: + The first reason: $BTC has increased quite strongly and broken out of the trendline resistance area of 63kx and has not yet returned to test again. + Second reason: Regarding analysis of crowd psychology, an increase in the Market always goes with the FOMO crowd, but MM (Market Marker) really wants that if based on the liquidation department as shown above. => In short, it's still a short-term Short when the price $BTC adjusts to AE so we can start catching All Altcoin gradually.
Data - Onchain ETH and the deadly trap... - May 23, 2024
Data Corner: $ETH & The Dangerous Trap (ETH ETF) ...
"Please read it before saying anything" --------------------------- On the $Data side of Future:
- When the market flew in surprise, $ETH turned into a unicorn with a breakthrough of more than 20%, it was surprising that the data recorded that the Short rate was gradually becoming more overwhelming. "Are investors gradually closing their short orders?"
Looking at the remaining data, it can be seen that around the time the short rate began to increase, OI also opened in large quantities.
Update market overview on May 22, 2024 - #USDT.Dom has completed the yellow arrow as planned last week, now I expect to follow the white arrow. - #BTC.Dom has not broken the uptrend of frame w, frames d and below are adjusting slightly. - #Total3 quite beautiful, hope this week's candle is full of green. => Although $BTC has returned to 71k9x, #BTC.Dom is high so the cash flow is still focusing largely on $BTC , the cash flow is flowing into#Altcoinbut is a bit weak, showing that investors are holding their breath, hesitant Waiting for news on ETH ETF spot in the next few days before deciding to deposit money.
Reason: The current H4 chart is accumulating quite a lot and is forming an inverse head and shoulders pattern (Upside down). - The price line has broken out of the 1.5x zone and has been retested many times even though $BTC has dropped sharply but the price still remains around that zone => Hard support zone. - $Zeta is currently being rated by 2 MM (Market Marker) as Jump Trading and Wintermute => Target will be pushed quite high mint 6$.#futuresignal
Magic Wednesday? - According to the Liquidation data chart, the 63k - 64k mark has quite a lot of liquidation below. There is a high possibility of correction but there is still a higher possibility of pumping up due to ETH ETF approval or not? Or Sell the News.
But in my personal opinion, I still prefer Short over Long for 2 reasons: + The first reason: $BTC has increased quite strongly and broken out of the trendline resistance area of 63kx and has not yet returned to test again. + Second reason: Regarding analysis of crowd psychology, an increase in the Market always goes with the FOMO crowd, but MM (Market Marker) really wants that if based on the liquidation department as shown above. => In short, it's still a short-term Short when the price $BTC adjusts to AE so we can start catching All Altcoin gradually.