🔥 $BFLOKI is now trending as the 5th hottest token on Dextools! 🔥

Here's the Analysis of #ROSE :

#ROSE is been moving with the Support Zone of $0.114 - $0.121 and Resistance Zone of $0.161 - $0.166. Price broke the rising wedge pattern and might gonna move bearish too towards the support zone. Price Action is not clear as of now, its better to wait for the price to reach either end.

#BTC made its flip above the zone, as said bias are bullish. Now price on its verge to retest it as support zone and might have a bounce. Well, this is just a range and we already mentioned, this week gonna be not good and by the net week we can expect some strong momentum moves. The Good Thing is #BTC sustaining above the $70,000 mark.

#HOOK made its way from the accumulation point and broke the newly formed resistance. Call moved around 11.8% in profits and hope you took some profits with the rising move. Price is again retracing back, good for scale-in there.

During the recent price decline from the all-time high (ATH) to a low of $61.2k, approximately 2.0M BTC transitioned from 'in-profit' to 'in-loss' status, indicating a significant volume of coins transacted at a higher cost basis. As the market rebounded to $66.5k, about 1.0M coins returned to 'in-profit' status. Consequently:

- Approximately 1.0M BTC have a cost basis between $61.2K and $66.5K.
- Approximately 1.0M BTC have a cost basis between $66.5K and the ATH at $73.2K.

This represents one of the larger 'supply clusters' seen during pullbacks since the 2022 lows, suggesting increased on-chain coin volumes in recent months.

Here's the Analysis of #RSR :

#RSR is been trending higher high and break the major resistance zone of $0.0110 - $0.0114. and moving within the channel pattern and expected to move to the upside from here. Daily TF, indicates price can dip below the $0.090 level, so keep that into account before entering.

#BITCOIN DAILY TF UPDATE :

#BITCOIN continues to push to the upside and as expected due to bullish market structure. Price kinda stuck in between a range since last week and wicking both side. Well, we're already mentioned this week gonna be range or no to less move, as structure is bullish, so we can expected some push in the market to the upside or by the next week.

#FRONT did have much accumulation around itself, and now consolidating in a large range between those levels. Now, we've to look for the break above $1.40 for buys or you can take an aggressive one here with managed risks.

Most of the 2.0M BTC with a cost basis above $61.2k have changed hands recently, as owners sold them to lock in profits. SOPR metrics, which describe this behavior, have all reached relative highs, indicating a surge in profit-taking activity in spot markets, particularly with our Entity-Adjusted variant approaching levels seen during the 2021 bull market peak.

This suggests an increase in both the volume and extent of profit-taking activity in spot markets.

Trading With The Trend

#Trading with the trend, also known as trend following, is a objective in trading plan, that involves taking positions in markets in the same direction as the dominant trend. The idea behind this, is that trends in the market tend to persist and that following the trend can lead to higher profits than attempting to predict market reversals.

#Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trendlines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish and short positions when the trend is #bearish.

It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their #positions accordingly.

Here's the Analysis of #SKL :

#SKL is made its flip above the Resistance area of $0.111 - $0.113 and made its as support. This Zone is from the Weekly TF, which standing strong, so we can expect buy to continue. Price already making it retest, so take in accordingly and manage risk as well.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, previous week closed with rejection, rejecting both of the below zone and this week candle trying to gain some momentum. Candle closing engulfing will be bullish for next week and for this week we already told you it gonna be side ways. Monday market open will strong lead the move in next week.

#DXY UPDATE :

#DXY moving as predicted and slowly moving to the potential rejection zone/ resistance. We already saw the impact in the market by moving sideways and Dollar Index Rising. But the Market didn't fall much or remain stable irrespective of the rising #DXY. This shows the buyers strength in the market.

As the market reached the $73.2k ATH, over $2.6B in Realized profit was locked in via on-chain spending. Approximately 40% of this profit taking can be attributed to the Long-Term, Holder cohort, which includes investors divesting from the GBTC Trust.

The remaining $1.56B in Realized profit was locked in by Short-Term Holders, as traders take advantage of the inflowing liquidity and market momentum. Realized profit by both cohorts has reached a similar magnitude to during the 2021 bull market peak.