Cornix Trading Channel

BULLISH short term.

Binance founder CZ is ‘banned for life’ from managing the exchange as part of his plea deal with U.S. according to current CEO Richard Teng.

#SOLUSDT UPDATE Solana (SOL) is consolidating within a descending triangle, with price action testing the crucial horizontal demand zone. As it battles to break through this level, the 200-day moving average (200MA) stands strong as support just below. A breakout or breakdown from this setup could signal SOL's next big move—keep an eye on these key levels for a potential shift in momentum.

#BTCUSDT UPDATE Bitcoin is currently consolidating within a symmetrical triangle, trading just above the support trendline. The Ichimoku Cloud indicates bearish momentum, suggesting caution. A decisive breakout or breakdown from this pattern will provide a clearer direction. It's essential to wait for confirmation before making any moves.

Vacation finished. It's always good to touch some grass. Back to the routine tomorrow—time to refocus and get back to the discipline that drives results.

#BTCUSDT UPDATE Bitcoin continues to trade within the boundaries of a descending broadening wedge pattern, a technical formation characterized by diverging trendlines that indicate increasing volatility. Currently, the price is positioned in the middle of this wedge, reflecting a balance between bullish and bearish forces. This midpoint often represents a period of consolidation as traders await a clearer directional cue. In technical analysis, the descending broadening wedge is typically seen as a potential reversal pattern, but its resolution can be unpredictable. A breakout above the upper trendline could signal a bullish reversal, suggesting that Bitcoin might rally to new highs. Conversely, a breakdown below the lower trendline could indicate a continuation of the bearish trend, leading to further declines.

SEC charges crypto-focused advisory firm Galois Capital for custody failures

JUST IN: 🇶🇦 Qatar officially introduces regulatory framework for digital assets.

#BIG BREAKING🚨 SWISS CENTRAL BANK IS BUYING MICROSTRATEGY SHARES . #BITCOIN ADOPTION 🔥

Disconnecting a bit while the market decides a clear direction. Have a good weekend!

Rock-bottom #Bitcoin funding rates are fueling a spike in short positions. Expect a bounce soon; extreme funding rates typically spark liquidations, propelling the market the other way.

#Market Sentiment💸 Bitcoin Fear and Greed

Long-term #Bitcoin holders have hit a milestone, with their realized capitalization soaring past $10 billion. Defined as those holding Bitcoin for over 155 days, LTHs are known for their resilience against market swings. The chart reveals a significant uptick in the 7-day net position change for LTHs, signaling a surge in accumulation.

JUST IN: 🇺🇸 SEC issues Wells Notice to NFT platform OpenSea, threatening to sue, citing NFTs on the platform are securities.

Ethereum max pain price $2,800, $1.27 billion notional value, put/call ratio 0.49

TRADING TIP OF THE DAY

#Market Sentiment💸 Bitcoin Fear and Greed Index is 56 ~ Greed

BREAKING: Russia is launching two crypto exchanges and stablecoins linked to the BRICS currency.

#BTCUSDT UPDATE Bitcoin is trading inside an ascending triangle, inching closer to breaking through its horizontal supply zone. The tension is building as the 100MA provides solid support beneath the price action, like a launchpad waiting for ignition. This moment is critical Bitcoin could blast through resistance or retreat for another attempt. The bulls and bears are in a standoff, and the next move will reveal who takes control. Stay tuned, because a breakout or breakdown will set the stage for Bitcoin's next big move. Keep your eyes peeled for the action.

JUST IN: McDonalds' instagram account posts a crypto rug pull after being hacked.