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🪙#BTC

📈Updated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!

❗️The current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.

⚠️Today, data on the Consumer Price Index (CPI) in the US is being released — an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly — with a BTC bounce from the -27% Fibonacci zone and a decline.

Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast — 2.9%, current indicators — 3.4%.

Bitcoin dominance: 53.94%;
Fear and Greed Index: 79 (extreme greed);
Altcoin Season Index: 47;
Market capitalization: $1.82 trillion.



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🪙#BTC

📈Updated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!

❗️The current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.

⚠️Today, data on the Consumer Price Index (CPI) in the US is being released — an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly — with a BTC bounce from the -27% Fibonacci zone and a decline.

Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast — 2.9%, current indicators — 3.4%.

Bitcoin dominance: 53.94%;
Fear and Greed Index: 79 (extreme greed);
Altcoin Season Index: 47;
Market capitalization: $1.82 trillion.

BY Canal Criptomacondo




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Dump Scam in Leaked Telegram Chat

A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter.

However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.

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