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📊 Key Metrics1.Funding Rate: ~0.018% (on Binance)— positive rate indicates long position dominance and bullish sentiment2.Open Interest (OI): 29B, up ~77B in recent days— rising OI suggests new positions are opening, increasing volatility risk3.ETF Inflows: +$420.9M (May 6)— strong institutional demand, especially into BlackRock’s IBIT4.Fear & Greed Index: 67 (Greed)— rising greed may signal potential for a short-term correction⸻📈 Market Movement Probability•Upward: 60%(supported by ETF inflows and positive funding)•Downward: 40%(high greed and rising OI could trigger a correction)⸻Disclaimer: This is not financial advice. Always do your own research.

📊 Key Metrics1.Funding Rate: -0.0024% (on Binance)— traders are paying to hold short positions, signaling bearish pressure2.Open Interest (OI): $27.5B, down –3.13% in 24h— positions are closing, possibly due to liquidations or profit-taking3.ETF Inflows: +$674.9M (on May 2)— strong institutional demand, especially into BlackRock’s IBIT4.Fear & Greed Index: 52 (Neutral)— sentiment has stabilized after a period of greed⸻📈 Market Movement Probability•Upward: 55%(potential short squeeze fueled by ETF inflows)•Downward: 45%(OI is dropping, market losing momentum)⸻Disclaimer: This information is not financial advice and should not be used as the sole basis for investment decisions.

According to Thomas Demark’s method — when b = a, the next target for ETH is around $988.📉 Price broke the ascending support🔻 Wave “a” from $4000 to $2500 has already played out📏 Wave “b” is projected downward — target aligns with a strong historical support zone📊 Weekly RSI is nearing oversold territoryConclusion: The $988 area is critical. A reversal may occur there if selling pressure weakens.Stay sharp.#ETH #Demark #CryptoAnalysis #TechnicalAnalysis #Ethereum

Bitcoin once again reached a new all-time high (now set at 73,777) before pulling back to the lower boundary of the range mentioned in yesterday's review. Currently, the price of the leading cryptocurrency is at 67,330. The market capitalization stands at 2.49 trillion, with a dominance index of 53.27% and a fear index at 83.U.S. markets declined yesterday due to the PPI coming in higher than forecasted. PPI is a leading indicator, and its increase suggests that inflation will continue to rise in the coming months.Against this backdrop, the yield on 10-year bonds has risen, the dollar index has surpassed 103, and markets now expect the Fed rate cut only in June. At the same time, we see an anomaly - while bond yields and the dollar are rising, gold remains near its highs.This indicates that the attractiveness of U.S. government bonds and the dollar, in general, has significantly decreased in investors' eyes. They are seeking alternative assets. Those who prefer ease opt for gold, while those who think better have long been in Bitcoin.Why the dip? Because that's how the market works. No asset can grow continuously, even if it's Bitcoin. If perpetual linear growth were possible, everyone would be making millions. But that's not the case - if some make money from the market, others must bring that money into the market. The recent Bitcoin drop from 73,000 to 67,000 led to liquidations of approximately 100 million.Among altcoins, STRK, MINA, and KAVA suffered the most from this downturn. BSV also saw a significant drop, but it's inherently sketchy.The preferred scenario for today - a range with a bottom at 65,000-67,000 and a top at 73,000-75,000. An alternative scenario is consolidation below 65,000.What to do is also clear. Accumulate Bitcoin, Ethereum, and altcoins. That's precisely what we're doing in our trading service.It's only the beginning.

The market is looking more than beautiful. Bitcoin has not only consolidated above 48,200 but also set a local maximum above 50,000. Bitcoin is at these levels for the first time since 2021.BTC-ETF has grown by more than 5.5% at the moment, and the Bitcoin ETF has become the most popular ETF in Wall Street history.The 2024 forecast is already partially fulfilled. Bitcoin has reached 50,000; now, the second part of the forecast remains - achieving a market capitalization of 3 trillion and reaching ATH. Considering that the year has just begun, there is still time for everything.Altcoins are still weak, lagging behind Bitcoin. What to do with them in the medium term is quite obvious.The forecast for the next 24 hours - Bitcoin ranging from 48,200-47,700 at the bottom to 50,800-51,000 at the top. An alternative scenario is consolidation above 51,700.

Bitcoin has continued its upward momentum, not only consolidating above 45,200 but also setting a new local high at 46,384, currently hovering around 46,100 as of the review writing. The market capitalization stands at 1.696 trillion, with Bitcoin dominance at 53.3%, reaching its peak since January 9.Following the breakout from the range, Bitcoin maintains its upward trajectory. The cryptocurrency's price has returned to levels seen before the decline following the ETF pump. Back then, after briefly surpassing 48,000, the price retraced to the 46,000-47,000 range and then dropped below.Looking at the situation from the beginning of the year, there was initially a surge in anticipation of BTC-ETF acceptance. After the approval of Bitcoin-ETF, there was a sell-off, followed by 10 days of accumulation in the 42,000-43,500 range, and then a breakout above the range, leading to organic growth. Everything is unfolding as predicted in the article from December 5.Yesterday, the Bitcoin ETF closed with a 2.7% gain. Interestingly, Bitcoin's rise to 46,000 occurred again after the closure of BTC-ETF. It seems that after the trading opens, the IBIT price will catch up to the spot, thereby boosting Bitcoin's spot price today. A clever scheme, and I like it.However, the challenge lies ahead at 48,000. In January, we witnessed a drop to 38,500 from this level, and in spring 2022, after an unsuccessful attempt to establish above 48,000, the price dropped much lower. Though the current situation is different, for a sustainable medium-term growth towards the year-end targets (50,000+ and ATH), a confident consolidation of Bitcoin above 48,000 is required, along with the market capitalization stabilizing above 2 trillion.These goals are realistic and could be achieved soon. Even if the path to these objectives is not entirely direct and involves another pullback below 45,000, it doesn't change the overall outlook.Altcoins are relatively weak at the moment. Ethereum struggles to consolidate above 2,460, while Bitcoin dominance is on the rise. In the last 24 hours, DYM, BTT, and STX showed growth, while most others remained relatively stable. This might be an opportunity for those who haven't bought Bitcoin yet, waiting for a cheaper entry.With Ethereum firmly above 2,500, and especially with Bitcoin securing a position above 48,000, we can expect significant growth across the entire market.The preferred scenario for today is Bitcoin ranging from 45,200-44,800 at the bottom to 47,800-48,200 at the top. An alternative scenario is consolidation above 48,200. My position on Bitcoin, acquired below 40,000, remains unchanged.

Bitcoin remains within a narrow range, with the lower limit at 42,300-42,200 and the upper limit at 43,100-43,300. The broader range observed since late January is 42,000-41,700 at the bottom and 43,700-44,000 at the top, as forecasted last week.As Bitcoin struggles to secure a position above $43K for two consecutive days, altcoins are performing moderately. Notable performers include Pendle, ENS, with OP experiencing slight growth.Anticipating significant altcoin changes after Bitcoin cements itself above $44K.In recent news, Binance announced the delisting of several coins, including XMR and ANT. This reaffirms what was mentioned six months ago - Binance is no longer the exchange that dominated the market and achieved unprecedented success in recent years. Such news is disappointing.Regarding XMR, I'll monitor to see if it holds at $100 or declines further.Today, Microstrategy, the largest Bitcoin holders, will release their report. I expect Bitcoin to remain stable, but any unexpected sales could lead to significant volatility.Solana once again halted its network for several hours today, reminiscent of scheduled pauses like a shawarma stand. Here we go again.

Bitcoin is moving within the framework of the priority scenario mentioned earlier today. The range has narrowed to 42,500-42,400 at the bottom and 43,400-43,500 at the top.The narrowing range indicates that we will soon be breaking out of it. I'm referring to breaking out of the larger range, with the lower boundary at 42,000-41,700 and the upper boundary at 43,700-44,000.The US Dollar Index continues to rise and is currently at the mid-November 2023 highs. The yield on 10-year bonds is also increasing.Stock markets are predictably decreasing, but nothing extreme so far. However, if the US Dollar Index does not stop its ascent and surpasses 105, the situation will be more alarming.On the other hand, the longer the US Dollar Index rises, the sooner it will transition to a decline. Objectively, there are no reasons for its medium-term growth.However, there are reasons for a decline. And when it finally shifts towards a decline, it will be a powerful factor for the growth of all markets, including cryptocurrencies.More good news - BTC-ETF advertising will not only be on Google (it's already there), but also on Facebook and Instagram.

On January 9, 2023, Bitcoin traded within the range of 16912-17251. As of the time of this writing, its value is 17204. The total market capitalization is 847 billion, with a domination index of 39.1% and a fear index of 25. The stock market opened with growth, with the S&P 500 futures above 3900, the dollar index at 103.37, and gold reaching highs above 1882. Asian indexes are also seeing growth. In China, all coronavirus-related restrictions have been lifted.The most significant day for the market this week will be January 12, when US inflation data is released. The forecast of 6.5% may not be accurate due to the PPI (a leading indicator) falling short of predictions last month. Pre-holiday price increases in retail and rising gas prices due to cold weather are also contributing to inflation. However, the calculation method may present favorable results if the computer component and car prices are considered deflationary. Inflation greatly affects the growth prospects of companies and, if the forecast is not met, the market may decline.A significant event for the cryptocurrency market this week is the listing of Coinbase on the NASDAQ on Wednesday, which is likely to garner a lot of attention from both retail and institutional investors. The exchange rate may also be impacted by the arrest of Pavel Durov, the founder of the TON project and Telegram messenger.Oil prices continue to rise, reaching a maximum of 57.66. The market is anticipating the OPEC+ meeting on January 4, where it is expected that production will be increased by 500,000 barrels per day. It's worth noting that rising oil prices have a positive effect on the Russian stock market.This week's market is expected to be volatile due to the release of important macroeconomic data and events in the cryptocurrency market.

The first cryptocurrency again spent most of Friday in a narrow range of 56150-57600. After the publication of mixed data on the US labor market, the cue ball made an attempt to grow, but immediately encountered a wave of sales, and the bears quickly returned the price to its previous levels. Then the fall continued and demand was absorbed near the key mark of 53500, and then 52700. In the morning, the cue ball fell below 50,000 and a panic spill began. The minimum is set at 42,000. Almost all altos have lost about a quarter of their value in one day. The next support is in the 40,000-40900 range. Now quotes are around 47600.Market capitalization: $ 2092 billionDominance Index: 41.5%Fear / Greed Index: 24American stock indices closed in the red on Friday. The Dow Jones fell 0.17%, the S&P 500 fell 0.84%, the NASDAQ Composite fell 1.92%. The price of WTI oil is now $ 66.16. Gold quotes have grown slightly and now give $ 1,783 per troy ounce. The dollar index is equal to 96.15.The number of new jobs in the US industrial sector in November increased by only 210k, instead of the expected 550k. This is a very significant discrepancy. The hourly wage indicator also fell short of the forecast. However, the unemployment rate turned out to be better than forecasted - 4.2% instead of 4.5%. Immediately after the release of this data, the dollar index fell sharply, and the cue ball jumped to 57600, but then everything turned in the opposite direction. Market participants believed that this data is not so bad as to influence the plans of the head of the Federal Reserve to reduce stimulus at a faster pace than previously thought.Despite the fact that prior to the appearance of the first substantiated forecasts on the degree of influence of the new strain of the coronavirus Omicron on the global economy in general and the pace of stimulation curtailment in the United States in particular, all technically significant support levels up to 40,900 have been broken.My tanks are full of BTC because I redeem such straits as El Salvador does, which today bought another 150 BTC at a rate of $ 48670. (Not a financial advice)Forecast for today:Judging by the development of the situation at the moment, the minimum has already been set and we will not go lower in the near future. Panic is a poorly predictable thing, since it is based not on logic, but on emotions. It is impossible to exclude further attempts to approach the key support zone of 40,000-40900 at the moment. The lows were quickly bought off as prices became very attractive. It is likely that the entire panic impulse will be bought out and the price will return above 50,000 in the near future.-----------------------------------------------------------------------------------------------------------------------------------------------RISK WARNINGTrading involves substantial risk and is not for every investor. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.