Why this setup? 15m RSI at 14.94 shows severe oversold exhaustion within a 1D range. This often precedes a sharp reversal. The 4h setup is LONG, targeting TP1 at 22.50.
Debate: Is this the washout before the pump, or just more pain ahead?
Why this setup? 4H setup is ARMED for a short. Daily trend is bearish, and 15m RSI at 42 shows momentum fading from neutral. Key resistance zone defined between 0.002501 - 0.002534.
Debate: Is this the start of the next leg down to TP2 at 0.002385, or will the bulls stage a surprise reversal?
Why this setup? 4H setup is armed for a SHORT. Daily trend is range-bound, but momentum is waning with RSI(15m) at 45.19, suggesting a bearish shift within the consolidation. Key TP levels are defined at 0.1674 and 0.1660.
Debate: Is this a clean short into the range low, or will the range hold again?
🎈🎈 A concerning strong signal 🎈 The rewards for holding currency $BTC no longer compensate for the sharp fluctuations in price, indicating a clear change in the risk-return balance for investors.
🎈 This is revealed by the Sharpe ratio for Bitcoin, a tool used by fund managers to assess whether the additional returns from investing, compared to safe options like U.S. Treasury bills, justify the level of risk and volatility.
🎈 A shift to the negative zone in the index means that the return no longer justifies the sharp price fluctuations. This reflects an environment characterized by strong daily volatility and erratic rebounds that have failed to achieve substantial gains. Although prices have moved away from their recent peaks, the level of volatility remains high, putting pressure on risk-adjusted returns.
🔥Cryptocurrency News - Exame - Coinbase's shares have had their worst quarter since the FTX crash, with a drop of 33%. Google uncovered a "breach" by North Korea in cryptocurrency startups in Europe.
🔥CriptoFacil - News about Bitcoin, Altcoins, and Blockchain - Article about Ethereum and four other cryptocurrencies to watch this week, highlighting the Solaxy project, which aims to enhance the security of the Solana network.
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According to BlockBeats, Tether has recently minted an additional 1 billion USDT on the Tron network. This transaction, detected by Whale Alert, occurred four hours ago.
Tether CEO Paolo Ardoino clarified that the newly minted USDT is intended as a reserve. This transaction is authorized but not yet issued, meaning the amount will be used for future issuance requests and chain swaps.