Dear traders,

The market has been strongly impacted by resistance and is rapidly declining, with new lows on the horizon.

Jake
TOP Trader

BTC experienced a strong surge above $31,000 and quickly retraced, resulting in the liquidation of late long positions. However, there is still a possibility of a substantial market rebound. Significant liquidity can be found around $27,000 to $26,000, which the market may target.

As predicted, ETH has dropped and it needs to maintain a level above $1,870 to avoid a major downturn. The market is currently facing significant resistance, increasing the risk of a further decline.

XRP is rapidly declining towards $0.46 and is showing no signs of strength for a significant upward push. To break above and continue the upward momentum, a substantial increase in volume is required.

LINK has experienced a sharp drop to the $6 support level, but it needs to hold above this level for the next upward move. Nevertheless, it presents a good opportunity for spot buying and holding.

SOL is approaching the support level at $18.6 and needs to maintain its position above it to avoid a significant decline. However, it still remains a favorable option for long-term investment.

EOS has encountered strong resistance as predicted and continues to decline towards $0.7, a major support level. Despite this, it remains a viable option for long-term spot buying.

LTC has experienced a significant drop below $100, and the next major support level is at $88, which could serve as a good entry point for long positions. Additionally, in 30 days, LTC will undergo a halving event, which is expected to result in a notable price increase due to a reduction in mining supply. This presents an excellent long-term investment opportunity!

DXY has broken out bullishly and surpassed the 103.5 level, indicating the potential for further upward movement in the near future.

Crypto/stock daily news:

THE 3 MOST IMPORTANT GRAPHS IN CRYPTO

1/ NFT blue chips are in the red BIG time

Blue chips are the best of the best in the NFT world…

Bored Apes. Azuki. Doodles.

Well, their floor price is… on the floor. And some NFT collections are the cheapest they’ve been in years…

• Bored Apes is down 88% from April 2022

• Azuki dipped 59% in the past week

So what’s going on? One word – liquidations.

Over the weekend, there were 1,200 liquidations in NFT loans. These are investors that used NFTs as collateral for loans. For comparison, 10-15 liquidations a day are normal.

To make things worse… there aren’t many new buyers.

It’s just the same people holding their same bags.

Until there’s a new catalyst that brings fresh new users, it’s gonna be pain in NFTland.

2/ Bitcoin-only DCA’ers are in that sweet green

Ladies & gents, Bitcoin-only DCA’ers are officially in the green zone.

DCA = Dollar Cost Average. It’s when you invest a fixed amount of money into an asset on set time intervals (i.e. weekly, monthly, etc).

Some investors have been DCA’ing into Bitcoin, every day, over the last few years. (I’ve been DCA’ing into Dunkin’ Donuts coffee).

Now, all of the daily Bitcoin DCA’ers are in the profits.

So what? More investors in the green = bullish sign.

3/ Back-to-back weeks of crypto inflows (boo-yah)

The results from the latest weekly crypto funds flow report are in…

$125M in inflows. That’s the second straight week of weekly inflows, totaling $334M.

Alexa, play Back-to-Back by Drake

So what? Institutional investors are hungry for that crypto exposure, baby.

BlackRock set off a Bitcoin ETF mania. Now everyone wants a piece of the pie.

Now for the million-dollar question… wen Bitcoin ETF?

• BlackRock & others refiled their applications this week to have a better chance of getting that SEC green light

• Cathie Woods’ ARK SEC date is set for August, so we’ll know more then (hopefully)

Until then… we’ll be sitting back and enjoying this inflow streak.

FAST NEWS:

Voyager Digital’s creditors have racked up $5M+ in legal bills, with one New York law firm’s hourly rate sitting at $1,026. #AlwaysBeBilling

Cameron Winklevoss (cofounder of crypto lender Gemini) made a final offer demanding $1.47B from Barry Silbert (CEO of DCG.) The feud continues…

Bitcoin Depot just became the first crypto ATM operator to be listed on the NASDAQ. Its shares surged 11.7% after its Monday trading debut.

Revolut (fintech company) stopped offering Solana, Cardano, & Polygon to U.S. customers this

week after the SEC labeled those tokens securities. Anotha one…

Final words:

Market open in red and there is big possibility that trend to continue.

Copy trade GROW 0.1->10k$ since 18.03 we got +60% PROFIT!

You can check my trading web page with lots of trading information.

Be my guest!

https://t.me/+rBI2IFMrLUhmOTJi

Not Financial Advice!

Good luck with trades!

Author

Jake
TOP Trader