​​The Latest Breaking News 📣

#1 ⁠Wells Fargo Investment Institute to onboard crypto clients by next month — link

#2 PancakeBunny tanks 96% following $200M flash loan exploit — link

#3 ⁠Institutional investors dump Bitcoin for gold, JPMorgan analysts say — link

#4 Coinbase joins $5M funding round for digital transfer agent Vertalo — link

#5 BlockFi mistakenly credits users with too much Bitcoin in promo payout — link

​​Bitcoin funding rates turn significantly negative for the first time since the 2020 March crash.

​​Total Bitcoin open interest down to $12bn.

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💻 Exchange: Binance

📊 Coin: Internet Computer (ICP)

🙋‍♀️ Pre-Pump Manager: @MichelleKellerCrypto

​​The small Pre-Pump has made 8.00% profit. Congratulations. We take 3.00% fees. This Pre-Pump was for people who invested 0.02 BTC to 0.25 BTC. Please contact: @MichelleKellerCrypto for a payout.

💻 Exchange: Binance

📊 Coin: Waves (WAVES)

🙋‍♀️ Pre-Pump Manager: @MichelleKellerCrypto

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​​📉 Daily Bitcoin chart review 📈

Bitcoin dump exceeded my written expectations but perfectly fit into the drawn levels. Re-test of 39-42k is still in progress although we already seen pullback to 34k support (bounced higher which was good). Keep it simple - now we witness dead cat bounce. In order to become something more bullish BTC price has to fix itself above 40-41k and stay there for at least several days. Until then price remain within 30-40k wide range.

Fear&Greed at 11. In March'20 it touched 8 couple of times before the bounce. The bottom is near for sure, but there is plenty of room for volatility and more dumps (above last wick).

Important daily MAs: EMA233 is at 39733, SMA144 at 48101.

🟥 40000 - 43000 - 45000
🟩 36000 - 34000 - 31000

Momentum at daily:
19-20: AO 🔻🔻 AC 🔻🔻
17-18: AO 🔻🔻 AC 🔻⬆️
12-16: AO 🔻🔻 AC 🔻🔻

😱 Fear & Greed index: 11 (<= 23 <= 21 <= 27)

​​Ripple Partners With Egypt Biggest Bank And Lulu International Exchange

Ripple partners with the National Bank of Egypt, the biggest banking institution in Egypt to enable remittance inflows from the United Arab Emirates through LuLu International Exchange.

This Partnership will strengthen the MENA region’s financial infrastructure and provide ease in cross-border payment experience for the Egyptian community.

Egypt ranks is the 6th-largest remittance recipient in the world, with increasing remittance volume.

​​📉 Daily Ethereum chart review 📈

Last time I recommended to start buying ETH dips at ~62000 and average cost at ~56000. It bounced from 60941 👍

Nearest re-test target at ~71000 and ~73000 resistance. Last candles were bullish so good chances that re-test will happen.

​​The Latest Breaking News 📣

#1 ⁠Instagram is hosting a professional development panel for NFT artists — link

#2 U.S. Treasury calls for crypto transfers over $10,000 reported to IRS — link

#3 White Star Capital launches new $50M crypto fund backed by Bpifrance, Ubisoft — link

#4 U.S. Federal Reserve plans to publish discussion paper on the potential issuance of a CBDC — link

#5 Bitcoin hash rate drops as Sichuan miners face short-term power cap — link

​​📈 Market Overview

Whale wallet activity and exchange inflows indicate that the recent market sell-off was driven by retail traders, while institutional investors gladly bought the dip. Derivatives data for Bitcoin weekly options suggests bears may have the upper hand in todays’s $930 million expiry.

The Top-10 cryptocurrencies are traded in different directions. Dogecoin +9.8%, Binance Coin +6.2%, Internet Computer -3.8%.

Market capitalization: $1.84T (+3.44%)
The BTC dominance: 40.97% (-2.2%)
Fear & Greed Index: 19 (Extreme Fear)

​​Anthony Scaramucci Said That Bitcoin Bull Run Isn’t Over

The founder of SkyBridge Capital – Anthony Scaramucci in a recent interview with CNBC said that the bullish run in 2021 will still continue inspite of the price drop by more than $10,000 in minutes.

He believes The Asset is for long term and will come back stronger, this all started after Elon Musk’s attacked bitcoin due to environmental issues.

He aslo added that his organization researcher indicated that Bitcoin uses Renewable Energy, and the “overall carbon emission is 0.13%.”

​​📉 Daily Bitcoin chart review 📈

Bitcoin made a good recovery day candle closing within SR zone it skipped on the way down. So far it fits into bounce scenario but also assumes volatility ain't over and most probably today BTC will be pulling back to 37k / 35k. Bounce above these levels would be very bullish. Drop to 32-33k less bullish but expected within current volatility range (actually the only question is when). Don't forget that every re-test of support make it weaker and more prone to breakdown towards 23/19k. So we kind of don't want to see it that low 😎 And I think we won't until that dead cat bounce hit 46k at least.

Important daily MAs: EMA233 is at 39740, SMA144 at 48194.

🟥 40000 - 43000 - 45000
🟩 36000 - 34000 - 31000

Momentum at daily:
19-20: AO 🔻🔻 AC 🔻🔻
17-18: AO 🔻🔻 AC 🔻⬆️
12-16: AO 🔻🔻 AC 🔻🔻

😱 Fear & Greed index: 19 (<= 11 <= 23 <= 21 <= 27)

​​Nice dip and bounced as expected. Most probably will come back to the same 0.618 Fib level for re-test within nearest time. At current market conditions trade only bounces to nearest resistance. No need to hold for higher targets in hope for reversal or bull market revival. Its all distant future that may not happen.

​​DBS Bank Says Bitcoin Balances Investors Portfolio’s Risk-Return Profile

Singapore-based DBS Bank shared in a report that Bitcoin provides an “opportunity that (fiat) money cannot buy”.

DBS Chief Investment Officer Hou Wey Fook wrote in the report that “it is worth considering that Bitcoin’s blockchain technology is indeed revolutionizing finance as we speak.”

He shared that even a small addition of Bitcoin to a portfolio will balance an Investor’s portfolio’s risk-return profile.

​​📉 Daily Bitcoin chart review 📈

Nothing really good about current chart. Forecasted drop happened and reached 33400. Although the volume on that wick was decent it doesn't give enough confidence for the grand bounce as 42k resistance already got rejected. During the weekend Bitcoin might re-test 40k resistance again. If you shorted at 40-42k per recommendation given 2 days ago have stop above 42.5k - if grow above can touch 45-46.5k zone.

If drop below last wick at ~33.4k will surely fall lower to 30k with potential breakdown towards 23/19k.

Important daily MAs: EMA233 is at 39692, SMA144 at 48240.

🟥 40000 - 43000 - 45000
🟩 36000 - 34000 - 31000

Momentum at daily:
21-22: AO 🔻🔻 AC 🔻⬆️
19-20: AO 🔻🔻 AC 🔻🔻
17-18: AO 🔻🔻 AC 🔻⬆️
12-16: AO 🔻🔻 AC 🔻🔻

😱 Fear & Greed index: 12 (<= 19 <= 11 <= 23 <= 21)

​​These are nearest major resistance zones according to session volume data.

​​The Latest Breaking News 📣

#1 ⁠Instagram is hosting a professional development panel for NFT artists — link

#2 U.S. Treasury calls for crypto transfers over $10,000 reported to IRS — link

#3 White Star Capital launches new $50M crypto fund backed by Bpifrance, Ubisoft — link

#4 U.S. Federal Reserve plans to publish discussion paper on the potential issuance of a CBDC — link

#5 Bitcoin hash rate drops as Sichuan miners face short-term power cap — link

​​📉 Daily Ethereum chart review 📈

Ethereum got rejected from the first resistance zone at ~71000 and came back to ~61000 support again.

Nearest re-test target at 66600. Chart doesn't promise anything bigger at this time.

​​After making 9 red candles in a row on weekly chart BTC dominance bounced from 40 and now trying to flip above 60.

And now the news. If we see it close above 60 nothing new happens 😎 Cause alts season finished when it grown above 42. Now we are back to trading alts on bounces. Dominance drop - alts scalp long. Dominance continue growing - alts retrace lower.