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Btcusdshort

💎BTC: Very Soon We are going to Test 32000$Hello Traders, After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs. its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first target i m expecting is 32k, which is last monthly candle high. there are so many alt coins which are highly bullish on weekly frm tomorrow i will post one by one with entry and targets.
Long
by Rohit_Shinde
What 1-hour chart says? Fundamental Development:- Binance Coin’s (BNB) daily transaction volume has dropped by 58.2% as of July 11.Daily transaction volume for ETH and SOL has dropped 13.7% and 18.1%.BNB’s price seems the most resilient in this bear market.According to a report released from CoinMarketCap Alexandria, Binance Coin’s (BNB) daily transaction volume has dropped by 58.2% as of July 11. Meanwhile, daily transaction volume for its competitors, Solana (SOL) and Ethereum (ETH) only experienced an 18.1% and a 13.7% drop respectively.The report also showed that the number of daily active addresses on BNB Chain and Ethereum dropped by 68.8% and 27.2% respectively, while the number of daily active addresses on Solana increased by 20.4%.Alongside the dwindling transaction volume, the total fees generated by each of the blockchain networks per day have fallen off a cliff. This has potentially reduced revenues for miners and validators but has however also lowered costs for the end user. All three platforms saw a reduction of between 88.8% and 91.9% in their daily network fees between November and July. Short Term Technical View: On daily period, BTC is trading below 200&50 simple moving averages and trading near $22250 -$22,300 ranges. BTC made low 20,780 and now consolidating within a range. Yesterday it made high near $21,670 and then it continue to decline. Bitcoin is struggling to gain momentum above $22,500. Alternative Scenario: If Bitcoin fails to clear the $22,500 resistance zone, it could start another decline. An immediate support on the downside is near the $21,700 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Why Coinbase is banning slide decks and 'endless meetings' Crypto exchange Coin base is getting rid of slide decks and “endless meetings” as a way to improve productivity following the purge of roughly 18% of employees last month.In a July 13 blog post, Coin base CEO Brian Armstrong noted that the company is currently focused on “driving more efficiency” as it continues to scale, pointing to a 200% year-on-year employee growth over 18 months that had started to put a strain on the firm’s organizational structure.He suggested that many major firms experiencing rapid growth generally end up becoming complacent and slowing down, while great companies do the opposite:“While this trajectory is natural, it is not inevitable. Every great company, from Amazon to Meta to Tesla, found ways to retain their founding energy in conjunction with appropriate controls, even as they scaled to be much larger than Coin base is today.”As part of the focus on efficiency, Armstrong stated the firm is “experimenting with banning slide decks in product engineering reviews” to speed up the product development process.“Inside growing companies, there’s a danger that product and engineering teams start shipping great slide decks instead of great products," said Armstrong.Slide decks are essentially a series of slides used for visual representation when presenting ideas. They are very popular ways to communicate big ideas but have a reputation for frequently not being realized. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,400-$19,500 ranges.BTC is made low 19,200 and now consolidating within a range. Yesterday it made high near $20,400 and then it continue to decline. Bitcoin is struggling to gain momentum above $19,500. Alternative Scenario: If Bitcoin fails to clear the $19,500 resistance zone, it could start another decline. An immediate support on the downside is near the $19,100 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Crypto community eyeing three macro events to tip crypto scales in July The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year. On July 13, the monthly Consumer Price Index (CPI) and data relating to inflation will be released to the public. On July 26-27, a decision will be made as to whether to hike interest rates further, while on July 28, the United States Q2 2022 Gross Domestic Product (GDP) estimates will tell us whether the country is in a technical recession.CPI is one of the benchmarks for gauging how inflation progresses by measuring the average change in consumer prices based on a representative basket of household goods and services.Continued rising inflation could impact demand for cryptocurrencies, with consumers needing to spend more to get by than before.Interestingly, while Bitcoin was created amid high inflation following the 2008 Global Financial Crisis, and touted as an inflation hedge due to its fixed supply and scarcity, recent years have seen the cryptocurrency perform in line with traditional tech stocks, being less than inflation-proof.The next scheduled release of the CPI is expected on July 13, 2022, by the U.S. Bureau of Labor Statistics.According to Trading Economics, the current consensus on the June inflation rate, or CPI, is 8.7%, slightly higher than May’s 8.6%. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $20,400-$20,200 ranges.BTC is made low 20,130 and now consolidating within a range. Yesterday it made high near $20,100 and then it continue to climbed up to near 200 simple moving average. Bitcoin is struggling to gain momentum above $20,500. Alternative Scenario: If Bitcoin fails to clear the $20,500 resistance zone, it could start another decline. An immediate support on the downside is near the $19,500 level.
COINBASE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Jacobi Asset Management to launch Europe's first Bitcoin ETF on Euro next Jacobi Asset Management said on Thursday that it would launch Europe's first Bitcoin exchange-traded-fund (ETF) on the Euronext exchange, in a sign of the crypto currency’s appeal despite its volatile price swings. The company said its Jacobi Bitcoin ETF would start trading in July on Euro next Amsterdam under the symbol of 'BCOIN'."The Jacobi Bitcoin ETF will enable investors to access the underlying performance of this exciting asset class via a well-established and trusted investment structure," said Jacobi CEO Jamie Khurshid, a former Goldman Sachs (NYSE:GS) banker. Earlier this month, Bitcoin fell to as low as $17,592.78, dropping below $20,000 for the first time since December 2020.Bitcoin, the largest digital currency, is down about 70% from its high of around $69,000 in November. Other cryptocurrencies have also plunged in recent months as investors dump assets deemed as relatively high-risk in favor of safe-haven assets such as gold in response to rising inflation and tighter monetary policies by major central banks. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,400-$20,000 ranges. BTC is made low 19300 and now consolidating within a range. Yesterday it made high near $20,400 and then it continue to decline.. Bitcoin is struggling to gain momentum above $20,500. Alternative Scenario: If Bitcoin fails to clear the $20,500 resistance zone, it could start another decline. An immediate support on the downside is near the $18,800 level.
BINANCE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart LLP. In an analysis piece published on Law360 on June 28, lawyers from Choate Hall & Stewart LLP, including Mike Gass, Diana Lloyd and Alex Bevans, noted increasing evidence that “novel applications of existing laws” are being used to litigate against users and investors of cryptocurrency, predicting this trend to only accelerate over time: The lawyers cited several cases as examples, including the prosecution of a U.S. citizen for violating sanctions using crypto, several lawsuits brought on by the SEC in recent years, as well a rising number of class action lawsuits and private litigation. Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $19,800-$21,600 ranges.BTC is made low 20,177 and now consolidating within a range. Yesterday it made high near $21,176 and then it continue to Decline. Bitcoin is struggling to gain momentum above $30,440 Alternative Scenario: If Bitcoin fails to clear the $20,440 resistance zone, it could start another decline. An immediate support on the downside is near the $19,400 level.
BINANCE:BTCUSD
by eva236220
What 1-hour chart says? Fundamental Development:- Institutional crypto asset products saw record weekly outflows of $423M Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of Coin Shares’ weekly “Digital Asset Fund Flows” report, Canadian investors offloaded a whopping $487.5 worth of digital asset products between June 20 and June 24.The total outflows for the week were partially offset by $70 million worth of inflows from other countries, with United States-based investors accounting for more than half of the inflows with $41 million. Outside of the U.S., investors from Germany and Switzerland accounted for inflows totaling $11 million and $10.4 million apiece. In comparison, Brazilians and Australians also pitched in with minor inflows of $1.6 million and $1.4 million. Overall the outflows totaled $422.8 million, marking the largest weekly shedding by institutional investors since Coin Shares records began. Notably, the figure is more than double the previous record of $198 million posted in January this year: Short Term Technical View: On daily time frame BTC is trading below 200&50 simple moving averages and trading between $20,850-$20,950 ranges.BTC is made low 20,470 and now consolidating within a range. Yesterday it made high near $21,510 and then it continue to Decline. Bitcoin is struggling to gain momentum above $21,000. Alternative Scenario: If Bitcoin fails to clear the $21,500 resistance zone, it could start another decline. An immediate support on the downside is near the $19,900 level.
BINANCE:BTCUSD
by eva236220