📊 BTC Update

As expected rejected from $20,500 Level 📉📉

Binance Futures, ByBit USDT
#ETH/USDT Take-Profit target 1 ✅
Profit: 50.0% 📈
Period: 5 Hours 1 Minutes ⏰

📰 JUST IN: ⚡Nexo Might Acquire Distressed Crypto Lender Vauld

@CryptoNews_HQ | link

⚡️ Celsius Network have lowered Their liquidation price to $2,722.

https://oasis.app/25977#Overview

🚨 Breaking News

#Voyager just filed for bankruptcy!

@CryptoNews_HQ | link

🚨 MtGox started repayment process of stolen 150,000 BTC

Remember when #LUNA sold 80k BTC, it crashed 36%.

Now when 150k #BTC  will be sold at 21k price just imagine.

150k BTC was bought at 320$/btc in 2014. Even now users are at 63 times profit.

Source : bit.ly/3PfYOWt

📊 BTC Update

We were expecting rejection from $21k area but bitcoin extended to $22.5k.

Mid term bearish move to $17k target is still intact.

Current resistance area : $23k - $24k.

📊 BTC Bottom

It is not a rocket science, Bitcoin drops -85% every bear market followed by huge bullrun.

So 85% drop from ATH and based our previous analysis bitcoin must retest $9k - $11k.

High chances of bottom in Aug-Sept because of the MTGOX repayment of 150k bitcoins.

📊 BTC Biggest 1 hr green candle in entire 2022 but not much price impact.

Big fight between whales 🐳

Total volume of 73,000 #BTC In one hour!!

FTX founder Sam pointing out to fake volume generated on Binance exchange today.

https://twitter.com/sbf_ftx/status/1545461668607672321

📉 Total $ETH deposited in the 2.0 contract has now surpassed 13M $ETH, which is 10.9% of circulating supply.

@CryptoNews_HQ

ByBit USDT, Binance Futures
#BTC/USDT Take-Profit target 1 ✅
Profit: 49.1276% 📈
Period: 2 Days 9 Hours 20 Minutes ⏰

📊 BTC Bollinger Bands are tightening and it looks the same as last time.

Bitcoin needs to close daily candle above $22.5k to maintain bullish momentum or else be ready for dump to $17k target. (Holding shorts from 22k)

Short term : CME Closed at 21.7k on friday bitcoin might pump to this level or whales gonna trap traders those who are targeting the CME Gap.

1 Day closing above 22.5k is important.

🚀 The US Dollar Index $DXY Hit 108, A New High Since October 2002.

Due to strong dollar, More and more people are fleeing from stocks, metals and crypto into #Dollar.

Dollar Up ⬆️ Everything else (Stocks, Crypto, Metals) Down ⬇️

📊 ADA / ALTS Update

Many altcoins have formed descending triangle pattern on 4hr chart.

If bitcoin close below $20k then expect these alts to drop 15% - 30% in a short time.

➡️ SHORT BTCUSDT

❇️ Entry: 21800 - 22800

☑️ Target 1: 20710.00000000

☑️ Target 2: 19620.00000000

☑️ Target 3: 18530.00000000

⛔️ Stoploss: 24390.00000000

💫 Leverage : 10x

ByBit USDT, Binance Futures
#BTC/USDT Take-Profit target 2 ✅
Profit: 100% 📈
Period: 4 Days 0 Hours 27 Minutes ⏰

📰 JUST IN: 🚨Crypto lender Vauld has issued a letter to its creditors and disclosed an overall shortfall of around $70 million

@CryptoNews_HQ | link

Binance Futures
#ADA/USDT Take-Profit target 1 ✅
Profit: 50.0911% 📈
Period: 18 Hours 34 Minutes ⏰

📊 BTC Update

Famous Pi Cycle Indicator has flashed "bottom signal" on btc chart.

Today CPI data is coming out and sentiments about this are mostly bearish in the market so overall we should be ready for the unexpected / surprise price action in the market today.

Since Nov 2021 bitcoin has been dropping without any significant dead cat bounce or recovery.

so we closed 50% part of short positions and holding rest with stoploss to the entry point.

Be ready we are going to see a mid-term recovery in the market this month....