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Binnance Bull™

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​​ Market Overview.

The Top-10 cryptocurrencies are traded in green zone: Ethereum +3.33%, Bitcoin +0.48%, Dogecoin +0.29%

Market capitalization: $1.31T (+0.97%)
The BTC dominance: 43.39% (-0.43%)
Fear & Greed Index: 60 (Greed)

Top Gainers

Pepe (PEPE) +49.3%
FLOKI (FLOKI) +36.6%
Metal (MTL) +27%
2023-05-06T11:53:30+00:00
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TOTAL MARKET CAPITALIZATION ANALYSIS

The total market cap is rejecting the key resistance level, which is also the neckline of the inverse head and shoulder pattern.

Some correction may be needed to look for the downside liquidity and retest the trendline support of the cup and handle pattern before a strong bullish move in the market.
2023-04-02T19:24:46+00:00
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#BTCUSDT 1H UPDATE

The price has broken the channel pattern in the downward direction.

Price is testing the trendline, and if it fails to break above it, we will see some upward movement.

The next major support is the $25,000 level.
2023-03-28T13:16:50+00:00
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#BTCUSDT 1H UPDATE

Bitcoin is forming an uptrend channel and the price is respecting the support and resistance lines.

We may see range trading in the channel for the next 2 days.

A breakout is expected on Monday when global markets open.
2023-03-25T13:41:08+00:00
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#BTCUSDT 1D UPDATE

Bitcoin is trading close to the main resistance area.

Today is the FOMC meeting and the rate hike.

We will see high volatility, so it's best to use a stop loss.

If there is only a 25 BP rate rise, we will see a breakout of this resistance area and a move towards the $30,000 level.
2023-03-22T09:29:17+00:00
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​​Market Overview.

Bitcoin is beginning the trading day in the red, down 1% to $27,446. Ethereum is down 1.9% to $1,731. Goldman Sachs Chief Economist David Mericle said that the Fed will pause interest rate hikes because of stress on the banking system, what may positively affect financial markets.

The Top-10 cryptocurrencies are traded in red zone: Dogecoin -4.15%, Polygon -3.62%, Cardano -2.8%.

Market capitalization: $1.23T (-0.21%)
The BTC dominance: 43.75% (+0.34%)
Fear & Greed Index: 68 (Greed)
2023-03-21T10:57:52+00:00

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