💰 Bitcoin Golden Crossover

Bitcoin is getting close to form golden crossover, A golden cross suggests a long-term bull market going forward.

We need to see if the bitcoin repeats 2019 crossover 📈 or 2015 failed crossover turned into major drop 📉

💰 BTC Update

The Bitcoin short from $23.6k hits our first target at $21.5k.

Bitcoin is currently holding on to the 200day EMA support, and we may see a small bounce to the resistance of $22.3k before continuing down.

So take a 50% profits and prepare to short again at resistance.

🆘 Crypto Firm #Paxos To Stop Issuing $BUSD.

#BNB started tanking due to the FUD 📉

Would avoid #BUSD until the SEC case with PaxosGlobal is cleared.

Stay safe and wait for clarity before resuming its usage.

💰 Binance's proof of reserve page is getting redirected to some other page.

What's going on?

https://coinmarketcap.com/exchanges/binance/#reserve

#POR missing from CoinMarketCap but visible on CoinGecko :

https://www.geckoterminal.com/proof_of_reserves/exchanges/binance

📊 Key Dates to Watch This Week 👀

14 Feb: US CPI (Expected 6.2%)

15 Feb: UK CPI YoY (Jan)

16 Feb: US Unemployment Claims (Expected 200K)

💰 The US has already cut #Binance's banking facilities by forcing Silvergate and Signature Bank to cut ties.

Binance is unable to access $USD in order to continue pumping market and now it can't get access to USD via $BUSD as well.

$23300 will be hard resistance for bitcoin because of the decreasing BUSD and no new inflow of USD.

We are holding short from $23.6k.

Short term we may see a 3-5% up move before heading down 📉

🇺🇸 January US #CPI in next 25 mins.

⚡️ BREAKING: #CPI for January just came in at 6.4% YoY above expectations of 6.2% YoY

💰 Bitcoin low volume after pump, looking very weak.

💰 Bitcoin has broken through the short-term resistance level of $22.5k.

The next major resistance is $23.3k, which is both technical and fundamental resistance (where binance lost banking partners).

Holding BTC short trade from $23.6k with plans to add more soon.