Maytals

@maytals

2223 Following

2003 Followers

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GM ☀️ Today, the #Fed interest rate decision will take place at 21:00. All expectations point to a 50 basis point hike, although some suggest it could be 25 basis points. However, the Fed is not known for surprises. That said, #gold, #silver, #Nasdaq, and #bitcoin have already priced in this potential rate cut. It's wise to be cautious when trading; you might want to wait until after the decision before making any moves.

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GM! ☀️ Here’s an update on #Bitcoin: the price is currently finding support at $59,300, while funding rates continue to move positively. The weekly support at $57,300 hasn't been retested yet. Additionally, it will be difficult to talk about any upward movement unless we break above $60,300.

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#Binance is increasingly resembling Mexc, now listing $NEIRO, $TURBO, and Babydoge. It’s surprising to see $NEIRO listed, especially given its reputation for questionable practices. The inclusion of such coins raises eyebrows.

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In #Ethereum, the situation is more challenging. It couldn't hold above the $2,415 resistance level. The main support level to watch is $2,311, disregarding the minor resistances. Open Interest has increased significantly, similar to #Bitcoin. Additionally, funding rates have approached 0.075. After performing necessary retests with the weekly close and ahead of the Fed's interest rate decision, a potential rise seems more likely. 📉🔄

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In #Bitcoin, while Open Interest is increasing, funding rates have turned positive. The $61,150 level is acting as resistance, while $59,300 serves as a support. Currently, trading might be risky due to the weekend’s low volume. 📈🔍

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MicroStrategy has bought 18,300 #Bitcoin. It looks like this might be the reason behind our recent drop. 📉

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GM ☀️ Today, #Ethereum and most #altcoins are performing poorly. However, Open Interest and funding rates have been rising for a while, which makes it somewhat risky. 📉 Support is at $2313. The chart suggests a potential move, but if we see sustained closes below $2313, we could drop to $2100.

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Today's economic calendar includes important developments: 📌 European Central Bank interest rate decision 📌 US Producer Price Index (PPI) and Unemployment data If your trades are risky, I recommend reducing your risk.

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GM ☀️ #Bitcoin has surpassed the weekly resistance at $57,300. The next resistance level is at $60,422. Funding rates are gradually moving away from negative territory, while Open Interest continues to rise. Looking at the liquidation map, there's short liquidation at $58,500 and significant long liquidation at $55,300. Currently, #silver, #gold, and US markets are in risky zones. It’s wise to be cautious. Even if there’s a slight rise, I believe short positions will be affected until next week's #Fed interest rate decision. YTD

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A wallet associated with Vitalik has sold 190 ETH, worth approximately $441,000. The wallet had received 3,800 ETH ($9.8M) from Vitalik and has sold 950 ETH ($2.28M) at an average price of $2,396 since August 30.

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GM ☀️ Yesterday, Bitcoin declined due to Trump and Harris not mentioning crypto during their speeches, and Trump’s weaker performance allowing Harris to gain traction. Currently, the 56,117 support level is holding. Funding rates are progressing positively. In 5 hours, the CPI (inflation) data will be released. The annual expectation is 2.5%. If the data surprises and comes in below expectations, we could see a nice rally.

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In #Jupiter, there's a channel with the middle band showing resistance, and it has started to pull back again. The lower band is at $0.72. If it breaks down, it could head towards the $0.69 weekly support. Until the $0.75 resistance is broken, talking about a rise will be difficult.

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GM ☀️ Although #Bitcoin rose to $58,000, it has once again fallen below the $57,300 support level. If the $56,117 support is broken, Bitcoin could face further trouble. Today, Fed member BOWMAN will be speaking, but there are no other major data releases. Therefore, it’s wise to be cautious when taking long positions. Funding rates are slowly turning positive, and Open Interest has increased compared to yesterday. Additionally, while many #altcoins briefly broke above their resistance levels, they are gradually retracing.

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#Ethereum retested the $2,300 resistance without breaking through, while the $2,100 support, which marked the end of the drop on August 5, remains crucial. Funding rates are positive compared to #Bitcoin, but Open Interest has shown a slight decline since the weekend. Additionally, significant sales in Ethereum are still ongoing.

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Good morning! ☀️ Here's the latest update: 📈 Bitcoin spot purchases are still insufficient but there are some coming in. Open Interest has risen again, but short positions have increased. Funding rates continue to be negative. Additionally, the rise to $55,300 has resulted in a significant amount of short liquidations. 🔍 Technically, we have a resistance at $56,117 and a weekly support at $54,000. If we break the $54k support, revisiting $53k is likely. 💭 In my opinion, given the funding and short positions, we should see an upward movement. However, the weekly outlook remains poor, so this upward move might not materialize. Just as funding becomes less significant in a bull market, the same might apply in a bear market.

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Looking at the #Total chart, it appears to have broken through the significant weekly support level of $1.93. If it closes the week at this level, a retest of $1.93 followed by a potential drop is likely. We could see it move towards $1.62 and $1.55, which would be suitable for both #Bitcoin and #altcoin buys. 📉🔍

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In #Ethereum, Open Interest has started to rise again, and funding rates are gradually turning positive. However, spot purchases remain minimal. The weekly outlook is still quite poor. For a significant upward reaction, I expect it to reach the $1900 - $1600 range.

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In the last 24 hours, nearly $300 million has been liquidated across exchanges. Out of the liquidated positions, $196 million, or 66.93%, were long positions. #OKX has taken the lead over #Binance this time, and it is noteworthy that short positions on OKX have experienced more liquidation during this sharp drop.

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