Crypto Czar | Futures Trading

Why we opened the short once again 😉 Previously we have milked #ESPORTS quite well 🔥

#ESPORTS 📉

1H timeframe: the new listing coin has broken through its slope, there is a strong directional short, there are few volumes on the coin, we enter the continuation of the movement, in the market bouncing from highs 5m timeframe: there is a beautiful flat locally, we enter on the tightening to the lows, we expect an impulse break and draining in the future

Guys, wanted to take a day-off today, to be sincere 🫡 We had two mind-blowing days of promotion, during which dozens of new people have joined us.

I’m pleased to see you being so conscious 😎

But then I thought that we could milk this market even today: some on-chain indicators, for example, are telling me so 👾 What would you do on my place? Vote in the poll below 👇

🪙 When is the top of the #BTC cycle? 🪙 Colin Talks Crypto offers a model:

1️⃣ The bottom of the cycle is November 22, 2022. 2️⃣ Each cycle is approximately 4 months longer. 3️⃣ If the trend continues, the current cycle could last 37 months. 4️⃣ This indicates a possible peak on December 22, 2025. 5️⃣ Target price of the model: around $200,000.

😉 This was answered by trader Peter Brandt:

He believes that there is a 30% chance that Bitcoin has already shown the top of this cycle. His scenario: fall to the

$60k-70k

zone by November 2026. The next strong bullish impulse could take #BTC to

$500k

.

😱

Either we will see another surge to $200k in the coming months, or the local peak has already been reached, and the next "to the Moon" will only occur after 2026. 🤔

Forgot to show you another fully worked out short of ours 😅 #YALA has reached all the targets in quickest terms 🔥 Who said it is psychologically tougher to be bearish? 😎

🤔 How the psychology of the market plays against the crowd 🤯 On #BTC, the surge of greed coincided exactly with the ATH and the local peak. But #ETH holders have not shown the same euphoria over the past 3 months. It is because of this that the lack of mass buying of "drawdowns" on Ethereum may indicate a slightly more bullish scenario for #ETH compared to Bitcoin. 🫡

🫡 A full-fledged altcoin season may be near — Coinbase analysts 🤯 The main driver is the growing institutional interest in #ETH. Since the beginning of July, the capitalization of altcoins has increased by more than 50%. Among the leaders of growth is Lido (#LDO), which was helped by the rebound of #ETH and support from the SEC.

An additional catalyst may be the Federal Reserve's rate cut in September, which could attract new retail money to the market.

😉🚀

Today, the market is in the green, and most of the altcoins are green. #BTC is currently trading around $123,615. #ETH is around $4760. Fear/Greed Index: 75 (strong greed) News summary:

1️⃣ The Trump administration is considering candidates to replace the Fed chairman. 2️⃣ Google is banning several crypto wallet apps in the US and EU. 3️⃣ Metaplanet aims to direct Japan's fixed income market to #BTC. 4️⃣ MetaMask prepares to launch its own stablecoin. 5️⃣ #BTC surpasses Google in market capitalization, ranking 5th globally.

🔹 Ethereum is at the peak of activity 🔹 Ethereum is rapidly approaching its all-time high price, and the number of daily transactions has reached a record-breaking 1.875 million, a level of activity that the network has never seen before.

The network is operating at full capacity, with high transaction volumes leading to increased fees.

Our duty is to make use of every movement, no matter what the trend is 🤑

Some assets fall even despite the market is extra bullish 🫡

#BTC has surpassed the $123,000 level! 🚀

Just have reached ✖️5️⃣ profit on that local spill 🔥

Remember the short for #SIREN from the day before? 😏

This is it now. Still holding, though, broke an important price level of 0,09 😎

🔹 Ethereum ETF record 🔹 On Monday, spot Ethereum ETFs in the United States broke the $1 billion mark for the first time, according to the daily inflow of funds.

The leaders are BlackRock ETHA — $639.8 million, Fidelity FETH — $277 million, Grayscale Mini Ethereum Trust — $66.6 million.

Since May, more than $10.8 billion has been invested in Ethereum ETFs, and in the last 24 hours, the price of ETH has reached $4,500, an increase of +45% over the month.

🔥 Our past week results 🔥

These results could have definitely been yours, if you joined us the week before 😉

Don’t miss your chance and join us today for upcoming results! We make them stably each week 😏👇 @bybitpro_michael

By the way, we are currently preparing our weekly report, as usual 😎 Taking into consideration a few longs which blew out way too hard the past week, how do you think — how much we grabbed this time? 🤔👇

👆 The reasons why we opened it 👆