The Spot #Bitcoin ETFs hold in total more than 1,000,000 $BTC.
ECB Plans Rate Cut as Fed Contemplates Next Move
As the Federal Reserve deliberates on when to reduce interest rates, the European Central Bank (ECB) is already planning its next steps post-cut.
As the Federal Reserve deliberates on when to reduce interest rates, the European Central Bank (ECB) is already planning its next steps post-cut.
#Ethereum Eyes Breakout: Will ETH ETF Decision Propel Prices to $6000?
$ETH is showing bullish signs with a falling wedge/bull flag pattern and a strong bounce off support.
ETH ETF decision on Thursday. Deadlines for 4 ETF issuers are at the end of this month, starting May 23rd.
Potential Targets:
Approval: #ETH could soar to $5000-$6000.
Rejection: ETHUSDT might drop to $2500-$2000.
Conversely, a rejection, especially if based on the classification of tokens as securities, could lead to a downturn in ETH and #DeFi assets.
Strategy: Consider a spot long position, but avoid excessive leverage due to potential volatility.
Stay informed and trade smart.
$ETH is showing bullish signs with a falling wedge/bull flag pattern and a strong bounce off support.
ETH ETF decision on Thursday. Deadlines for 4 ETF issuers are at the end of this month, starting May 23rd.
Potential Targets:
Approval: #ETH could soar to $5000-$6000.
Rejection: ETHUSDT might drop to $2500-$2000.
Conversely, a rejection, especially if based on the classification of tokens as securities, could lead to a downturn in ETH and #DeFi assets.
Strategy: Consider a spot long position, but avoid excessive leverage due to potential volatility.
Stay informed and trade smart.
Buy #ETH and hold until it reaches $5,500 💰
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Educational Post
What Is a Death Cross?
The death cross works as a bearish signal, highlighting a shift from upward to downward market momentum. It appears on a chart when a shorter-term MA, typically the 50-day, crosses below the longer-term MA, typically the 200-day.
A moving average is the average price of an asset over a specified time period. The 50-day MA represents the average closing price over the last 50 trading days, while the 200-day MA represents the average closing price over the last 200 trading days.
When the 50-day MA falls below the 200-day MA, it forms the death cross. This crossover indicates that the recent price performance is weaker compared to its longer-term trend, suggesting potential continued declines.
What Is a Death Cross?
The death cross works as a bearish signal, highlighting a shift from upward to downward market momentum. It appears on a chart when a shorter-term MA, typically the 50-day, crosses below the longer-term MA, typically the 200-day.
A moving average is the average price of an asset over a specified time period. The 50-day MA represents the average closing price over the last 50 trading days, while the 200-day MA represents the average closing price over the last 200 trading days.
When the 50-day MA falls below the 200-day MA, it forms the death cross. This crossover indicates that the recent price performance is weaker compared to its longer-term trend, suggesting potential continued declines.
#Educational_Post
Perfect Setup for Trading:
1. Trend: Confirm it's an uptrend for bullish signals.📈
2. Zone: Identify strong support areas to watch for bounces.🔍
3. Fibonacci: Use retracement levels, especially the 0.61 level, for entry points.📊
4. Candlesticks: Look for wick rejections and strong bullish candles as entry confirmations.🕯
This setup can optimize your entry and boost your trading strategy! ✅
Perfect Setup for Trading:
1. Trend: Confirm it's an uptrend for bullish signals.
2. Zone: Identify strong support areas to watch for bounces.
3. Fibonacci: Use retracement levels, especially the 0.61 level, for entry points.
4. Candlesticks: Look for wick rejections and strong bullish candles as entry confirmations.
This setup can optimize your entry and boost your trading strategy! ✅
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