#POLYX looks like had a great correction in the time but price was very correcting itself nearby support. A strong bounce is expected form the support area around $0.47 - $0.50. Take the risk accordingly over there.

It is typical in prior Bitcoin cycles that an uptick in new demand tends to come alongside an elevated appetite for speculation. This tends to result in increasingly volatile markets, which is characteristic of macro up-trends in prior Bitcoin cycles.

90-day realized volatility has nearly doubled from 28% to 55% since October 2023, which marked the point where Realized Cap inflows started to accelerate higher.

#NFP in 10 Min 📊

We got one sided data and #BTC made a dip slightly...

What Are Oracles?

Oracles are entities that interface real-world data with decentralized systems. In the decentralized environment, oracles are prominent with blockchain-based products. They give blockchains the ability to interact with off-chain data.
With Ethereum and other decentralized platforms powering the use of smart contracts, accessing data outside these systems bridges the conventional and decentralized environment. Note that oracles are not data sources by themselves. Instead, they collect, query, verify and validate data from different sources and deliver them to smart contracts.
Transmitted data can range from price feeds, payments, temperature from a sensor, scores from a football game, etc. Mostly, oracles are classified based on where they draw their data (software/hardware), the flow of information between them and their sources (inbound/outbound), and whether they’re decentralized or centralized.
Software and hardware oracles fetch data from different sources. For example, software oracles get data from internet-based services such as servers and databases, while hardware oracles receive data from information-reading gadgets such as barcode scanners.

Inbound oracles deliver off-chain data to smart contracts while their outbound counterparts relay information from contracts to the real world. Oracles that rely on a single data provider are centralized while those that interact with multiple sources are considered decentralized.

Most crypto proponents would refer to Chainlink (LINK) and Band Protocol (BAND) as quintessential examples of decentralized oracle networks.
Although multiple contracts and decentralized systems can reference one oracle, there are contract-specific oracles built to serve a single smart contract. Note that individuals with unique subject knowledge can fetch, verify, and validate data for use by blockchain-based agreements. These are known as human oracles.

Here's the Analysis of #OP :

#OP break and retested the zone as major resistance around $$3.06 - $3.21 and reaching out the strong support zone of $2.71 - $2.81. A strong bounce is expected from there and potential buys looks good from there. Market already ranging, so alts at major levels might start pushing.

#BTC has successfully tested the support area as anticipated, resulting in a bounce. Anticipate low volatility throughout the weekend, with potential significant movements upon the opening of global markets.

#POLYX just tapped into the support zone of and made a quick bounce from the support. Price moved around 8.65% in favor. Well, price is very corrective in nature and might take a retest again, so keep an eye on that and book profits at resistance.

#BITCOIN DAILY TF UPDATE :

#BITCOIN broke the range to the downside, and looks like it making a retest of the zone again. Right now, price is at the flip level around $68,400. Eyes on Daily Candle closures, as it will decide the next weekly directional move. Also, market is middle of no where too, so its bit unclear for too.

As prices rise, Long-Term Holders (LTHs) are selling their holdings. #LTH Supply has decreased by -900K #BTC since December 2023, with #GBTC trust outflows accounting for about one third (-286K #BTC). Meanwhile, Short-Term Holder Supply has increased by +1.121M #BTC, absorbing #LTH selling pressure and acquiring 121K #BTC from exchanges.

Here is the analysis for #LUNA:

The price is currently nearing the support zone ranging from $0.76 to $0.83. It's advisable to consider initiating a long position within this support zone. A rebound is anticipated from this area, targeting the resistance zone spanning from $1.00 to $1.07.

#BTC experienced a bounce upon testing the support area. However, it appears that the price has been rejected from the resistance area and is currently trending downwards. Anticipate limited movement for today. We're closely observing Bitcoin's reaction upon the opening of global markets on Monday.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN already saw a 7 consecutive Bullish Candle the Monthly TF and last week price successfully sustained above the zone and made a retest back to zone, which seems to be healthy. Now, we can expect the price to reach All-Time- High in next or coming weeks as all the rejection, breakout and retest is done. Alternative scenario will be price will continue to range over the zone.

We can enhance this observation by examining the ratio between Long and Short-Term Holder supply. Once again, a significant decline is evident in all major up-trends as investor behavior shifts from Long-Term HODLing to distribution, profit-taking, and speculation.

Here's the Analysis of #ATM :

#ATM moving between the major resistance zone of $3.85 - $4.04 and Strong Support Zone of $3.44 - $3.60. Well, that huge wicks showing strong sells pressure, and currently, price is on a support area, that you can look for buying opportunities and anticipate break of the major resistance zone.

#BTC trying to climb up even though after the multiple rejections from the resistance. We need to see a H4 and Daily Candle Closure above the zone, to say buyer are confident now. Although, we've multiple obstacles at $71,300 and #ATH Resistance too.