Trading News EN

The price of #CFX is moving between strong resistance and support areas in the daily time frame. After reaching the resistance area of ​​$0.5500-0.4850, the price reacted strongly to it and started to decrease (more than 70% ). Bearish candles are still strong, so the power is still in the hands of the sellers. If the price can break the dynamic resistance that has been reduced every time after reaching it, it can start to return to the resistance level, otherwise the price will move towards the important demand area of ​​$0.1100-0.0950.

❗️ I recommend reducing the size of long positions or exiting trades entirely. There's a sense of weakness across the market. It's not the time for buying or leveraging long positions. It's better to sit out this uncertainty on the sidelines. I've significantly trimmed all positions and opened a few shorts with minimal leverage. Keep in mind the potential for conflict between Israel and Iran. If it happens, all markets will experience significant downturns. This could result in -30% to -50% within a day or -70% within a week or month. Make sure you're hedged against a flash crash. I can't predict macro events in the world, but as a trader, you should consider all probabilities that could impact your balance.

🐋Visible change in Grayscale's balance. Since the conversion of the trust into a spot Bitcoin ETF (January 11), 42% of the assets or 263,000 BTC have been withdrawn. As a result of the last trading session, more than $350 million was withdrawn from the fund, however, Bloomberg analyst Eric Balchunas predicted an end to the trend, as the majority of withdrawals are due to the bankruptcy of crypto firms.

💳 MetaMask is testing a Mastercard payment card, which will allow spending cryptocurrencies with automatic conversion to fiat. The card is developed in partnership with Baanx.

📊The average daily income of bitcoin miners set a new record over the past weekend, rising to $68.2 million. The previous peak of $67.1 million was recorded in November 2021.

🐋 Coinbase plans to raise $1 billion through convertible bonds due in 2030, avoiding stock sales and the negative impact on their quotations. The company intends to use the raised funds for debt repayment, option transactions, and potential acquisitions.

👀The daily capital inflow into bitcoin reached $2 billion, noted well-known community researcher Willie Woo. According to his observations, the indicator has reached parity with the previous cycle, but in the current one, the lion's share is attributable to ETFs. This means that the inflow should be even higher, Woo concluded.

📊 Alongside new highs for bitcoin, altcoins are also showing positive momentum, particularly in the areas of artificial intelligence and cat-themed meme tokens, according to the Bitfinex report.

🌪FinCEN is investigating cryptocurrency transactions worth $165 million, registered by American financial institutions, presumably linked to HAMAS. In a report to Congress, the agency stated that it is examining reports of suspicious activity over the last three years to identify instances of support for militants before their attack on Israel on October 7, 2023.

Analyst advises to prepare for a strong rise in Solana (SOL) Solana (SOL) could start a massive bullish rally after a turbo bounce from an ascending triangle, believes the crypto analyst. The DEX volume on Solana reached $11.24 billion, and the price of SOL increased by 34% over the month.

🔄Cyclical analysis of BTC: peak at $155,000 Bitcoin reached a new historical high of $69,000, opening the opportunity for comparison with previous cycles. Analysis indicates that the next BTC price peak could occur between the end of April and the beginning of August 2025. For the first time in history, the bitcoin price exceeded $70,000, analysts predict that the current cycle could increase the BTC price tenfold. The trading volume of spot Bitcoin ETFs surpassed the $100 billion level, confirming the growing interest in cryptocurrencies.

🆙Spot ETFs for BTC show positive dynamics for 31 out of the last 33 days. Just yesterday, the net inflow exceeded $1 billion, allowing for the absorption of any sell-offs from miners, private investors, etc. We are waiting for the opening of spot ETFs in Hong Kong and $100,000 per BTC.

The most expensive NFT stone deal this year It seems that laundering through NFTs and meme tokens has once again reached unprecedented heights. Stones are now in price 😁

„Do not invest in bitcoins, they have no value. Invest in a reliable company, for example, in a bank" Bank:

And it happens every time 😂 2021, BTC $69,000: "I'm an idiot! Why didn't I buy it at $20,000?!" 2023, BTC $16,000: "LOL, I'm not buying this crap" 2024, BTC $69,000: "I'm an idiot! Why didn't I buy it at $20,000?!"

🔄The key difference between bitcoin, gold, and fiat in terms of mining difficulty and ease of movement: 🔸Gold - hard to mine, hard to move 🔸Fiat - easy to mine, easy to move 🔸Bitcoin - hard to mine, easy to move

📰The London Stock Exchange announced that it will start accepting applications for the admission of exchange-traded bonds backed by bitcoin and ethereum. The exchange stated that it will begin accepting applications in the second quarter of 2024.

↘️A large transaction using the cryptocurrency Dogecoin (DOGE), made by an unidentified whale, has triggered a wave in the DOGE market. 🐋The whale quickly sold off 86 million DOGE, valued at approximately 14.12 million dollars, to the American broker Robinhood. This unexpected move significantly impacted the coin's price, which sharply fell by 8.8%, reaching a decline of more than 10% at one point in trading. Despite the price drop, trading volume remains high, exceeding yesterday's level by 28%, and Dogecoin still holds the seventh place in trading volume. While retail investors actively purchased DOGE and opened long futures positions, the actions of unidentified whales present a stark contrast. It remains unclear whether this significant sell-off is part of a broader trend or the decision of a single large investor.

👀Ripple: Loss of support could negate March's growth Ripple (XRP) is losing ground, with the price falling amid a market correction. Liquidations amounting to over $4.47 million have dampened traders' spirits. Technical indicators are sending bearish signals, XRP could continue to fall to $0.606 and below. 🐋Whales are trying to minimize losses by accumulating assets. Addresses holding between 1 million to 10 million XRP have added over 50 million coins worth over $30 million to their wallets. If this influences XRP's trajectory, the altcoin will stop before breaking through the support line at $0.606 and attempt to start rising.

🌚How low can bitcoin go? The lowest traders can imagine is $45,000. 👀Bitcoin could fall to $45,000, but the market will remain bullish. Traders advise waiting for a correction and hunting for it to gain an advantage. Historically, bitcoin enters a correction phase 14-28 days before the halving.