Jake
TOP Trader

BTC:
INTRO: BTC pushing 47k resistance.

Technical analysis for the BTC/USDT chart:

Key Levels:

• Resistance: $48,200, $47,100
• Support: $44,000, $45,500

Strategy:

• Long: Buy at $45,500 with a stop loss below $43,000 and a target price of $48,000.
• Short: Sell at $47,000 with a stop loss above $48,500 and a target price of $45,000.

Range description:

BTC/USDT is currently trading in a range between $43,500 and $48,000. The pair has broken into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, BTC/USDT is facing resistance at $47,000. The $47,000 level has been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $47,000 would signal a bullish breakout and could send the pair higher to $48,500.

On the downside, BTC/USDT is facing support at $45,500. This level was a previous resistance for the day and is now holding as support. A break below $45,500 would signal a bearish breakdown and could send the pair lower to $43,000 or even $40,000.

BTC1D chart TW link: https://www.tradingview.com/x/DH0Y2ybi/

ETH:
INTRO: ETH is moving above $2,500 and needs to hold on for the bullish move to continue.

Here is a technical analysis for the ETH/USDT chart:

Key Levels:

• Resistance: $2780, $2680
• Support: $2420, $2515

Strategy:

• Long: Buy at $2515 with a stop loss below $2400 and a target price of $2720.
• Short: Sell at $2680 with a stop loss above $2720 and a target price of $2400.

Range description:

ETH/USDT is currently trading in a range between $2400 and $2700. The pair has broken into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, ETH/USDT is facing resistance at $2680. This level hasn’t been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $2680 would signal a bullish breakout and could send the pair higher to $2720.

On the downside, ETH/USDT is facing support at $2420. This level is a previous swing low and has been tested multiple times in recent weeks as resistance. A break below $2420 would signal a bearish breakdown and could send the pair lower to $2220 or even $2000.

ETH1D chart TW link: https://www.tradingview.com/x/jV3C1u8P/

XRP:
INTRO:  XRP is holding above $0.58 and should hold on to catch up to BTC.

Here is a technical analysis for the XRP/USDT chart:

Key Levels:

• Resistance: $0.62, $0.67
• Support: $0.54, $0.58

Strategy:

• Long: Buy at $0.58 with a stop loss below $0.52 and a target price of $0.62.
• Short: Sell at $0.62 with a stop loss above $0.67 and a target price of $0.58.

Range description:

XRP/USDT is currently trading in a range between $0.54 and $0.62. The pair has shifted into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, XRP/USDT is facing resistance at $0.62. This level has been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $0.62 would signal a bullish breakout and could send the pair higher to $0.67.

On the downside, XRP/USDT is facing support at $0.58. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $0.58 would signal a bearish breakdown and could send the pair lower to $0.54 or even $0.48.

XRP chart TW link: https://www.tradingview.com/x/YwZqeALh/

LINK:
INTRO: LINK pushing high above 15$ resistance.

Here is a technical analysis for the LINK/USDT chart:

Key Levels:

• Resistance: $15, $16
• Support: $13.3, $14

Strategy:

• Long: Buy at $14 with a stop loss below $13 and a target price of $16.
• Short: Sell at $15 with a stop loss above $16 and a target price of $14.

Range description:

LINK/USDT is currently trading in a range between $14 and $17. The pair has shifted into the range during the day. However, there are signs that the pair is ready to make a move with a possible retest of support.

On the upside, LINK/USDT is facing resistance at $15. This level has been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $15 would signal a bullish breakout and could send the pair higher to $16.

On the downside, LINK/USDT is facing support at $14. This level is a previous swing low and has been tested multiple times in recent weeks as significant resistance. A break below $14 would signal a bearish breakdown and could send the pair lower to $13 or even $13.

LINK chart TW link: https://www.tradingview.com/x/qhdompNa/

SOL:
INTRO: SOL pushing above 100$ strongly.

Here is a technical analysis for the SOL/USDT chart:

Key Levels:

• Resistance: $107, $120
• Support: $90, 100$

Strategy:

• Long: Buy at $100 with a stop loss below $90 and a target price of $120.
• Short: Sell at $107 with a stop loss above $120 and a target price of $100.

Range description:

SOL/USDT is currently trading in a range between $100 and $126. However, there are signs that the pair is ready to make a move to push strong resistance at $120.

On the upside, SOL/USDT is facing resistance at $107. This level has been tested today, and if the price holds above on the daily close, it will be confirmed as support. A break above $107 would signal a bullish breakout and could send the pair higher to $126.

On the downside, SOL/USDT is facing support at $100. This level is a previous swing low and has been tested multiple times in recent weeks as significant support. A break below $100 would signal a bearish breakdown and could send the pair lower to $90 or even $80.

SOL chart TW link: https: https://www.tradingview.com/x/0ymhW1XK/

CRYPTO NEWS:

HAPPY BTC ETF APPROVAL DAYS

It’s been 3,845 LONG days and nights, but it finally happened…

THE FIRST SPOT BITCOIN ETFs HAVE BEEN APPROVED (!!).

In case you missed it, here are the details:

• 11 Bitcoin ETFs were approved. The first chosen ones are… BlackRock, Grayscale, Hashdex, Bitwise, VanEck, WisdomTree, Fidelity, Invesco, Valkyrie, ARK Invest, and Franklin Templeton.
• These ETFs will go live for trading starting today. It’s game day, baby!
• Many of the ETF issuers are expecting billions of dollars in inflows. Valkyrie says it expects $4B-$5B in the first few weeks, VanEck estimates $1B in the first few days, BlackRock estimates $2B in the first week, etc.

It’s official. The 10-year wait is over.

Here are some of our favorite reactions from Twitter:

P.S. – Cameron and Tyler Winklevoss were the first ones to apply for a Bitcoin ETF back in 2013.

They were mocked, laughed at, and (verbally) spit on for trying… but that didn’t stop them from getting the ball rolling.

10 years later, history has been made.

The Winklevoss twins may have lost Facebook to Zuck but, damnit, they won our crypto hearts.

BTW – Franklin Templeton has $1.53T in assets under management (AUM).

Now the trillion-dollar firm is rocking Benjamin Franklin with BTC laser eyes as its profile pic. Wild.

FAST NEWS:

Constellation Network’s Dor Traffic Miner (DTM) just went live for sale. DTM is the world’s first thermal-sensing, people-counting data miner – allowing anyone to passively earn DAG & DOR crypto rewards after setting up their hardware device.

Twitter (yes, we still call it that under this roof) no longer supports NFT profile pictures. From January 2022 to January 2024…. R.I.P.

CoinGecko’s social media account got hacked. The attackers posted a phishing link promoting a fake token sale. (Milk Road Rule #35: Check the link before your funds sink).

10 asset managers in Hong Kong are exploring potential spot crypto ETFs. According to sources, “about seven or eight of them have already been in contact with Hong Kong’s Securities and Futures Commission and have formed a team to start designing the investment products.”

Enigma Securities is teaming up with OpenTrade to bring US Treasury bill-backed yield products on-chain. The twist? These RWA-backed products will only be available to clients in Europe, Latin America, and Asia.

Final words:

Wait for BTC breakout above 47k for new long entry now it is still dangerous.

GROW BOT UPDATE:

Copy trade GROW 0.1->10k$ since 18.03 we got +214.0% PROFIT!

GROW CURENTLY:

TRADING COIN: BTC/USDT

SETUP: SHORT

TAKE PROFIT: /

SAFETY ORDERS: /

Liquidation: /

Not Financial Advice!
Good luck with trades,
JAKE