• Market Analyst || • Crypto and Global Economic News Provide || •Sharing My Personal Opinion and Not Financial Advice || Let's Learn and Grow Up Together 🤜🤛
#ENSOUSDT moves in an uptrend on 1hr tf. The price respectfully bounce several times from this area. I would to go long for hit n run while the price hit the trendline once again.
#ZAMAUSDT try to break the sideways area in 1hr tf. We saw it before the price got rejected from this area and drops back to 0.26. Can it break it now to reach 0.38?
#SENTUSDT moves in a descending broadening wedge pattern in 1hr. After hitting the bottom wedge, price surging back to $0.32. I would love to order short in the area around 0.34 as it might testing the upper wedge on that area. Its also the support area before its breakdown and move in bearish trend.
#ZENUSDT reach the demand zone on daily and we saw its kinda make a fake out from it. RSI shows sign of oversold even though not indicating any bullish divergent. This might shows some players already step in as their consider $5 as a deep price to bought.
Bulls seem to be hold the demand area as a base on $DASH we saw the price got drops from it but it seems to be a fakeout to take people liquidation and SL. The area of $35 more likely can be the area which the price try to retest. However, we need to be aware to the EMA 7 on daily because we see the price got rejected several time from this area.
Solana is currently at a crucial phase where the price has touched the lower trendline on the weekly chart. The price has now broken down from the trendline. However, will we see the weekly candle close above the trendline, allowing us to assume that it was just a fakeout? Or will the bearish phase drive the price even deeper?
Bitcoin ETF Interest Remains Strong Despite Price Drop
$BTC | $USD1 | $RIVER Bloomberg ETF analyst Eric Balchunas notes that interest in spot Bitcoin ETFs remains historically strong, despite the recent sharp decline in Bitcoin's price. Balchunas highlights the performance of BlackRock's iShares Bitcoin Trust (IBIT), which has seen its assets under management peak at $100 billion before declining to $60 billion. Despite this drop, Balchunas considers $60 billion to be an "extraordinary" figure for an ETF with only around 500 days of history.
If IBIT maintains this level for the next three years, it would solidify its position as the fastest ETF to reach $60 billion. Notably, only about 6% of total assets exited Bitcoin ETFs, with 94% of investors holding onto their positions. This indicates strong long-term investor behavior, even in the face of significant price volatility. #BTC走势分析 | #MarketCorrection | #RiskAssetsMarketShock | #WhaleDeRiskETH | #BitcoinETFs