BTC went down after the breakdown and retest of the triangle and we've seen a correction in the market as expected.
Currently, it is trading above the mid marked horizontal supoort. A bounce could be expected from here, while a breakdown retest of the marked support would be a sign of further correction in the market. $BTC
LTH Relative Unrealized Loss peaked at just 15% in early April, far below the 75%+ levels seen during previous deep bear market bottoms.
This suggests long-term holders have experienced only a fraction of the historical stress, meaning the recent drawdown — while significant — has not shaken conviction to the same extent as past cycle lows.
ROSE breakout the descending trendline and reclaimed the S/R level with a good volume. The Ichimoku cloud is showing a bullish trend. It is preparing for an upward move.
Bitcoin has broken the trendline support and is giving mixed signals. The price needs to break the resistance area for further upward movement. The local support level is $80,000.
U.S. dollar share of global reserves has fallen below 45%, down over 15 percentage points since 2020, per Bloomberg.
➡️For the first time ever, central bank gold holdings now exceed valuation-adjusted USD reserves as foreign banks continue selling Treasuries and buying gold.