#DXY UPDATE :

#DXY kinda get into the consolidation and below the Major Resistance zone too. This tends to rise in market as well, so if next week also ranges then we can see further bullish moves towards the $65,000 and higher. Also, have an eye on break as it will lead in further moves.

Bitcoin's market cycle framework:
1. Deep Bear: Below Realized Price
2. Early Bull: Between Realized Price and True Market Mean
3. Enthusiastic Bull: Between ATH and True Market Mean
4. Euphoric Bull: Above previous cycle's ATH

Currently, we're in the Enthusiastic Bull phase. $51k is a critical support level for continued price appreciation.

Here's the Analysis of #ORDI :

#ORDI is been moving within the falling wedge pattern and kept on bouncing from the major support zone of $24.17 - $25.68. In LTF, price forming a bear flag and kept on breaking it. Expecting, market to move to the upside towards the resistance $47.86 - $51.21.

#BTC weekly candle closed good enough and price approaching toward the next major resistance area of $65,000 area and have to look closely on price action, if its rejects or break.

#US30 UPDATE :

#US30 again played well, and printed a new All Time High, with a retest. Now we can again expect the same, have to wait for retest or need to see some sort on support forming on Daily or H4.

Bitcoin miners are crucial to the network, providing hashing power to discover new blocks and receive newly issued coins and transaction fees as rewards. The industry is challenging due to lack of control over energy costs and BTC prices. Despite market uncertainty, miners continue to install new ASIC hardware, pushing the hash rate to 666.4EH/s, nearly reaching an all-time high.

What Is a Spoon (Blockchain)?

A spoon is a type of blockchain fork where the new cryptocurrency inherits the account balances of an existing cryptocurrency. It allows a new project to add its own features to the previous software, whilst still allowing the users of the existing protocol to participate in it. Projects spoon in order to attract users and developers of an established platform. They are more amicable than contentious in nature. However, they are very not common in the blockchain industry since their implementation isn’t exactly convenient.

A spoon differs from the more common hard fork by its nature and intention. Most hard forks are contentious, while spoons are collaboration-focused. Hard forks also use the same token as the existing chain, whilst spoons merely copy balances and use another custom token for their purposes. Furthermore, hard forks are designed to steal market share and dominance of an existing platform, while spoons complement the technical prowess of the projects they copy balances from.

Thanks to its large user base and developer community, Ethereum is the most used protocol for spooning. Typical examples include Athereum and Cosmos, both of which took snapshots of the Ethereum blockchain to note and port account balances on their new networks. Unsurprisingly, these networks are compatible with the Ethereum mainnet in various ways and also introduce their own improvements/functionalities to it. But despite copying balances, they have their own tokens and don’t use ETH.

Here's the Analysis of #ARK :

#ARK is been rejected hard from the resistance zone of $0.53 - $0.54 and also slides below the zone of $0.43 - $0.45 and nothing is clear here. A daily candle close will lead the further drop in price towards $0.36 and lower, so take it accordingly.

#BTC nearly rejected from the strong resistance area and goes into a consolidation and need to see some sort of breakout now.

#GOLD Everyday new #ATH

#GOLD UPDATE :

#GOLD broke the range and played to the downside well, but now due to global issues kept on week on week pushing the gold to new All Time Highs. A Deeper retracement is expected towards the $2587 - $2581 area, which will work as support.

As the hash rate increases, so does the target difficulty to successfully mine a valid block. The Bitcoin protocol automatically adjusts the difficulty to account for rising and falling hash rate on the network.

Presently, the average required number of hashes to mine a block is 338k exahash. This is the second largest difficulty throughout Bitcoin’s lifespan, highlighting the ever-growing competitiveness of the mining industry.

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Here's the Analysis of #IMX :

#IMX forming a Inverse Head and Shoulder Pattern which is a reversal pattern and had a breakout of the major resistance area of $1.67 - $1.71 which will act as major support. Price will act as the support zone are and move up towards the next resistance $2.01.

#BTC pin point precisely, tapped into the strong resistance now seeing minor sell-off happening. If candle closes into consoldiation again, then this will turn it into a fakeout and potential sells can favor.

#ARK gone into consoldiation and that will give a good setup. Keep an eye on breakout and build the position on that direction. Also, wait for at least H4 candle closure.