#TOTAL2 MARKETCAP UPDATE :

#TOTAL2 moved up with the market conditions and we can see alts played in mid-term well. Currently, index hits the major resistance and kinda rejecting too. The trendline also there adding confluence to it. We can see short-term correction in the market now.

#ETH ANALYSIS :

#ETH is been bouncing off from the strong support zone of $2140 - $2170 and kinda in between a point of control area and nearby resistance too. A drop back to the support zone is expected or a breakout will lead the price to the upwards direction.

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Declining miner revenues hint at potential income stress. While miners traditionally sold most mined coins to cover costs, they're now retaining some in treasuries. This shift is notable given miners' usual pro-cyclical behavior. Rising hash rates and difficulty are increasing production costs, potentially squeezing profitability. Miners now face a delicate balance between covering expenses and strategically holding Bitcoin, adapting to the evolving market dynamics.

#BTC entered the strong resistance but moving slowly and getting sell pressure from the level. We can expect some sort retracement now as price is struggling to break through it.

#TIA given a prefect close and had a retest and move around 22% in profits. I recommend to book some profits here and move the stops to breakeven, for securing the capital.

Declining miner revenues hint at potential income stress. While miners traditionally sold most mined coins to cover costs, they're now retaining some in treasuries. This shift is notable given miners' usual pro-cyclical behavior. Rising hash rates and difficulty are increasing production costs, potentially squeezing profitability. Miners now face a delicate balance between covering expenses and strategically holding Bitcoin, adapting to the evolving market dynamics.

What Is ‘Stacking Sats?

"Stacking sats" refers to the practice of accumulating small amounts of Bitcoin, typically expressed in "satoshis," the smallest unit of a Bitcoin. The term "stacking sats" is a play on words, as the word "sats" is a shortened form of "satoshis," and the phrase "stacking" refers to the process of accumulating more of something over time.

The idea behind stacking sats is to accumulate as many satoshis as possible through regular small purchases or earning opportunities, with the goal of eventually owning a meaningful amount of Bitcoin. This approach to investing in Bitcoin is often seen as a long-term strategy, as its value can be expected to appreciate over time and can provide a hedge against inflation.

The Benefits of Stacking Sats

There are several benefits to stacking sats and accumulating small amounts of Bitcoin over time:

1. Dollar-Cost Averaging: By regularly buying small amounts of Bitcoin, you can take advantage of dollar-cost averaging, a strategy that involves spreading out your purchases over time to reduce the impact of price volatility.

2. Long-Term Investment: Bitcoin is often seen as a long-term investment. Stacking sats can help you accumulate a meaningful amount of Bitcoin over time and benefit from its appreciation in value.

3. Inflation Hedge: Bitcoin is designed to have a limited supply, which makes it a potential hedge against inflation since the supply of Bitcoin is not subject to the same monetary policies as traditional currencies.

4. Diversification: Adding Bitcoin to your investment portfolio can help diversify your investments, which reduces your overall portfolio risk.

Here's the Analysis of #CELO :

#CELO flipped the major resistance zone of $0.624 - $0.640 and now acting as major support. Price looking strongly bullish, and expected a minor retracement and an upmove after that. Buying the dips looks good enough here.

Market Moving Due to this 🙌🏻

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, made a further move towards the targets and now flipped above the resistance zone of $65,000. Now, we need to see the weekly closing. That will the strong indication for the buyer confidence.

#BNX is been rejected hard from the resistance area, now reached the bottom of the zone and trying to break below this. Now price can bounce from here or from the bottom of the support zone of $0.811 - $0.906 and buys can be taken.

On-chain settlement volume provides insight into Bitcoin network health and adoption. Currently, the network processes about $6.2 billion worth of entity-adjusted transaction volume daily. However, this figure is trending downward towards the yearly average, indicating a cooling off in network usage and throughput. This decline suggests reduced activity on the Bitcoin network, which is generally interpreted as a negative indicator. The diminishing settlement volume points to a potential slowdown in overall network engagement and could signal a shift in user behavior or market conditions.

Methods to Stack Sats

There are several methods for stacking sats and accumulating small amounts of Bitcoin:

1. Regular Purchases: One of the simplest ways to stack sats is to make regular purchases of Bitcoin, regardless of its price. This takes advantage of dollar-cost averaging and reduces the impact of price volatility on your investments.

2. Bitcoin Faucets: Bitcoin faucets are websites that give away small amounts of Bitcoin in exchange for completing simple tasks, such as solving captchas or watching ads.

3. Microtasks: Some websites and apps offer microtasks, such as completing surveys or watching videos in exchange for small amounts of Bitcoin.
Bitcoin Reward Apps: Some apps pay users in Bitcoin for completing simple tasks, such as playing games or answering surveys.

4. Bitcoin Debit Cards: Some Bitcoin debit cards allow users to earn Bitcoin as cashback for their purchases.

5. Referral Programs: Some exchanges and other Bitcoin-related companies offer referral programs, which pay users in Bitcoin for referring new customers.

Tips on How to Stack Sats

1. Start Small: Start by setting aside a small amount of money each month to purchase Bitcoin and gradually increase the amount over time.

2. Be Consistent: Make it a habit to regularly purchase Bitcoin, regardless of its price. The key is to accumulate as many satoshis as possible over time.

3. Diversify Your Methods: Consider using a combination of different methods for stacking sats.

4. Store Your Bitcoin Securely: Once you have accumulated a meaningful amount of Bitcoin, it's important to store it securely.

5. Be Patient: Bitcoin can be volatile in the short term, but its long-term potential as a store of value and hedge against inflation can make it a worthwhile investment.