Market Update | 02-10-2024

As mentioned yesterday, while the weekly time frame for crypto looks bullish, the 4-hour time frame has turned bearish.

Despite short-term fluctuations, October is still expected to close in the green, regardless of what happens in the next 4-8 days.

Yesterday’s dip in the crypto market was due to the Iran missile strike on Israel. If Israel’s retaliation is delayed, we might see a brief recovery, giving crypto a chance to pump during this period. However, quick retaliations and airstrikes could lead to more volatility, similar to the liquidation hunt seen yesterday.

If Israel retaliates soon, we might see another red candle in the lower time frame.

Technically, Bitcoin is at the 0.382 Fibonacci level, which is a potential bounce area. The next target is around $58-59k (0.618 Fib level).

The #Total3 chart looks strong as it just retested the trendline.

The US Dollar Index (#DXY) bounced off support, but it is still forming lower highs and lower lows on the daily time frame.

Bitwise Invest has filed for an $XRP ETF in the state of Delaware.

#BTCUptober #marketupdate #tokentalk #BTCReboundsAfterFOMC #Write2Earn! $BTC

$ETH $BNB

Hottest Crypto Updates:
03-09-2024

1.$6B in Shorts to Liquidate When Bitcoin Hits $65K
2.Vaneck Predicts Bitcoin Could Reach $2.9M by 2050
3.Turkey Officially Requests to Join BRICS
4.Japan’s Metaplanet Inc. Partners with SBI Group for Bitcoin Services
5.Whale Buys 1,000 BTC, Now Holds $490M on Binance
6.FTX to Begin Repaying $16B to Creditors in Q4 2024
7.Qatar Introduces New Digital Asset Regulations, Aiming to Boost Financial Sector
8.WazirX India Customers Unlikely to Be Made Whole in Crypto
9.MetaMask Down for Hours, Issues with Gas Fees and Transactions
10.Justin Sun Proposes Returning SunPUMP Revenue to Community Through Sun/TRX
11.Pumpdotfun Becomes Fastest Growing Crypto App, Hitting $100M Revenue in 217 Days
12.Japan May Lower Crypto Tax Rate from 50% to 20%
13.Centralized Exchanges See 6.6% Trading Volume Increase in August
14.Brazil’s Supreme Court Drops VPN Fines for Accessing X $BTC $ETH $BNB

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Top Coins performing well in Last 24 hours on Binance:
05-09-2024

$BSW
$HARD
$SAGA
$BLUR
$DOGS
$LOKA
$GTC
$INJ
$CRV
$1INCH
$VITE
$RVN

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