Crypto Australia🇭🇲🇭🇲

A pattern of profit realization has emerged, reflecting the current market sentiment. The provided chart illustrates the average profit or loss per coin sent to exchanges. During the peak of #ETF speculation, this metric surged to an average profit of $3.1K, coinciding with the climax of the April 2023 rally. However, this figure pales in comparison to the $10.5k average profit recorded during the peak of the 2021 bull market. The recent decline suggests a significant cooling off, indicating a potential shift in market dynamics. By Crypto Australia

#BITCOIN DAILY TF UPDATE : #BITCOIN pinpoint and precisely, from levels to level, pushed due to #ETF news but ended up being rejected from the Resistance Area of $47,000. Price again tapped into the major level (Grey Box) around $42,000, where rejection might happen. Structure now turned bearish, so careful with any sort of fresh trade now. Also, if #BTC remains stable here let's say, consolidation happens, alts will fly strongly. By Crypto Australia

#BTC made a potential retest back to the Major Support zone as expected. Well, this was due to a Positive tweet from Official X account of #SEC on #ETF. This was a fake news as it dropped when came into highlight. Also, mostly event aligns with Technical most of the time. Now today we've to wait and watch for the news to kick in momentum into the market. By Crypto Australia

#BTC didn’t followed our plan but goes as per weekly idea. Price broke though the Strong Resistance Area and Pumping. Moreover, #ETF news is just on the head now, so this might be due to that and now price will sustain over the level until further release. A potential retest is expected back to $45,000, which will be a healthy correction. By Crypto Australia

#BITCOIN WEEKLY TF UPDATE : #BITCOIN on Weekly TF, Tried to surpass through the build-up resistance area a=but couldn't able to do sp. Well, its still have time for the closing and need a close above the Resistance zone around $43,250. This will again open the room for $47,000 - $48,000 level, also have to prepare for a fakeout too, as #ETF news might drop into the market, which will kick in heavy volatility. By Crypto Australia

#BTC still moving back and forth inside the range and again rejected from the Resistance Zone, with that price nearly got into Major support again. Well, this series might continue until a strong news drop into the market like #ETF Approval, Rejection or Delay. Hodl on with the new alts trade and manage the running one accordingly. By Crypto Australia

❗️✴️#etf#BTC#crypto Issuers have eliminated the remaining nuances of spot BTC-ETFs that worried the SEC — sources of The Block By Crypto Australia