$390,855,150 #BNB Burned🔥🥶😱

#DXY Dollar Index pump is causing cryptos to go down.

#BTC Update

Bitcoin is not looking good right now. If bitcoin fails to hold above $29k on daily chart then it will dump to our first target $24k.

The #stockmarket negative sentiment closed at 52%( the highest value after mar-20 crash).

Also, it's been on the rise for 6 days straight( the longest streak including mar-20 crash), hence it's a high probability for a #stockmarket starts downward price action soon.

#Market_Update

Strong Dollar is causing panic in all markets. The #S&P500 broke rising wedge pattern and #BTC lost $30k support.

Negative Sentiments are rising for : Crypto, S&P500, metals and energy sector.

The B Word Event has been started.

https://www.thebword.org/c/track-1-demystifying-bitcoin

Elon and jack will be live in roughly 2 hours

https://www.thebword.org/c/track-2-Bitcoin-As-A-Tool-For-Economic-Empowerment

#BTC Next major resistance is at $32500.

#BTC Make or Break

Bitcoin touched $30k strong support 4 times.

If bitcoin goes down then chances of breaking $30k are high and it will cause big sell off in market to $24k - $18k.

For bullish case bitcoin needs to recover and hold above $40k - $42k.

We are not opening long positions because market is still in downtrend on higher time frame and current price action looks like short squeeze.

On friday CME closed at $32.2k BTC and $2024 ETH so there is high of possibility market retesting these levels on monday.

#BTC Update

Mother of all Short sqeeze.

Bitcoin pumped $15k in just 5mins and now bears are in disbelief.

BINANCE & FTX Reducing maximum allowed leverage to 20x to protect users.

After manipulating the market 🙄

#TetherFUD

Tether Executives Said to Face Criminal Probe Into Bank Fraud - Bloomberg.

DOJ Examining Whether Tether Misled Banks about Crypto Business

#Tesla is anticipated to announce its second quarter earnings report on 26th july today right after market shut.

Last time $BTC jumped $6k on the eve of Tesla’s quarterly report in April.

Keep eyes on BTC and Elon musk's tweet for any update on crypto holdings or acceptance of BTC as a payment option.

Amazon Denies Bitcoin Acceptance Rumors

An anonymous insider at Amazon had news that it would start to accept Bitcoin and other cryptocurrencies by the end of the year.

Amazon has denied the rumors via an email statement to Coindesk.

#ChineseStocksCrackdown 🇹🇷

these Chinese stocks were worth $207 billion yesterday, and $126 billion today.

epic unwind 📉

Investors are selling chinese stocks due to recent crackdown by Chinese gov, just a matter of time before it spills over into the US 🇺🇸 market.

Downturn of Chinese stock market is not affecting Bitcoin much but let's see how US market affect bitcoin when US stocks downward movement starts.

Few hints incidates Crypto Regulation is coming:

- Binance withdrawal changes.

- Exchanges crank DOWN leverage.

- “Decentralized” exchange starts delisting assets.

- Regulatory announcement on the 28th.

Elizabeth Warren Gives SEC July 28 Deadline to Figure Out Crypto Regulation

https://www.nasdaq.com/articles/elizabeth-warren-gives-sec-july-28-deadline-to-figure-out-crypto-regulation-2021-07-08

Binance’s CZ Is Looking for His Replacement as Exchange Gets Regulatory House in Order

“We are looking for someone with a strong regulatory background to step in and be CEO,” Changpeng Zhao said at a press conference Tuesday.

https://www.coindesk.com/binances-cz-is-looking-for-his-replacement-as-exchange-gets-regulatory-house-in-order

#BTC Golden Cross 🚀 (Road to $300k)

Golden Cross is crossover of the 200-day average by the 50-day average. A golden cross suggests a long-term bull market going forward,

In 2020 Bitcoin printed golden cross on daily chart as result within 1 year bitcoin reached $64k from $8k that's 800% of growth.

If bitcoin manage to print golden crossover again and hold above it then Bitcoin will reach $300k from $40k level by end of 2022.

A short term target would be $100k by end of 2021 or march 2022.

Major Cryptocurrency Exchange Binance Says It Will Wind down Its Futures and Derivatives Products Offerings Across Europe.

#BTC Update

Bitcoin reached an important resistance level of $42k if the weekly candle manage to hold above $42k then we are all set to hit $48k - $56k.

Weekly closing above $42k increases the chances of golden crossover in other words it resumes the Bullrun.

Due to 10 Consecutive green candles short term we might get a chance to see a retest near $37k level.