ICYMI: A macro analysis of past halvings reveals the complex interplay between Bitcoin’s programmed scarcity and the broader macroeconomic environment.

BinanceUS is suspending USD deposits and notifying customers that its banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13, 2023. BinanceUS will maintain 1:1 reserves for all customer assets. Any downtime in processing withdrawals may be the result of elevated volumes and weekend bank closures.

#TOTAL Crypto Total Market Cap crossed below the confluence of 1.05T support zone + ascending trendline🧐

Mid-Term trend switched bearish now📊

The week of volatility!

Tuesday:
• US CPI Data
• Hinman Docs Become Public
• SEC's Coinbase Rulemaking Response
• Binance US Hearing

Wednesday:
• US PPI Data
• FOMC Meeting

Thursday:
• US Jobless Claims
• US Retail Sales Data

☝️Top 10 Rules every Beginner Trader MUST Know

1) Fear of mission out

Do not FOMO! You will always have another opportunity with safer entry & good risk reward. Just be patient to wait for the one

2) Do an analysis & stick to it

After you analysed the market and entered the position, you may start changing the analysis, so that you will fool yourself. Stick to your initial plan.

3) Never Revenge Trade

If you having series of losses, you better off the market for some time, rather than start revenge trading in order to get instant profits.

4) Always have a Stop-loss

If you are new to the market, always have a hard stop which protects you from even more losses.

5) Risk Reward Ratio

Your risk reward ratio has to be 1:2 as minimum, otherwise you risk your money for nothing. As well do try to use "too good" risk reward ration ex. 1:10, you may face the difficulty to even close your position.

6) Buy Pullbacks

If structure is bullish, do not be fearfull to buy at supports! And opposite for the bearish structure, sell resistances.

7) Always keep learning

Read books and do courses which will help you to improve your skills. Small advice here, always check the information in order not to learn from pseudo experts.

8) Chart is your dictionary

Be familiar with candlestick patterns, formations and reversal signals.

9) Compound gains

You won't become an overnight millionaire. You will lose hard if you start to rush, increase your risks and so on. Be patient and enjoy small gains.

10) Have a plan

At final you always need to have a plan before you enter any position. Know RR, calculate your stop-loss, and now if you can accumulate more.

Crypto owners (% of population):

🇦🇪 United Arab Emirates: 27.67%
🇻🇳 Vietnam: 20.54%
🇸🇬 Singapore: 13.93%
🇮🇷 Iran 13.46%
🇺🇸 United States: 13.22%
🇵🇭 Philippines: 13.02%
🇺🇦 Ukraine: 10.31%
🇻🇪 Venezuela: 10.28%
🇿🇦 South Africa: 10%
🇹🇭 Thailand: 9.32%
🇮🇳 India: 7.23%
🇧🇷 Brazil: 6.98%
🇵🇰 Pakistan: 6.40%
🇫🇷 France: 5.90%
🇷🇺 Russia: 5.87%
🇳🇬 Nigeria: 5.75%
🇦🇷 Argentina: 5.56%
🇬🇧 United Kingdom: 5.52%
🇹🇷 Turkey: 5.46%
🇰🇪 Kenya: 4.92%
🇲🇦 Morocco: 4.9%
🇨🇴 Colombia: 4.81%
🇮🇩 Indonesia: 4.55%
🇳🇵 Nepal: 4.43%
🇩🇪 Germany: 4.19%
🇨🇦 Canada: 4.15%
🇨🇳 China: 4.08%
🇪🇹 Ethiopia: 4.01%
🇰🇷 South Korea: 3.98%
🇪🇨 Ecuador: 3.71%
🇲🇽 Mexico: 3.39%
🇪🇸 Spain: 3%
🇪🇬 Egypt: 2.91%
🇳🇱 Netherlands: 2.70%
🇦🇺 Australia: 2.61%
🇮🇹 Italy: 2.43%
🇯🇵 Japan: 1.74%
🇸🇦 Saudi Arabia: 1.60%
🇫🇮 Finland: 1.36%
🇩🇰 Denmark: 1.16%
🇳🇴 Norway: 1.13%
🇨🇺 Cuba: 0%
🇻🇦 Vatican: 0%

#TRX/USDT has retraced off the support confluence of EMA 200 + bottom of ascending channel and now trying to break back above 0.07100$ support zone

Looking for TRX to go to 0.08$ and higher short-term📊

Setup is valid while ascending channel structure holds🕹

Volatility is expected on Tomorrow🔥

Bitcoin Long-Term Holders are remarkably calm, displaying no discernible reaction to the news related to the hostile US regulatory environment. Their exchange inflow volume this week was just 0.004% of their total holdings, with 66% of all trading days seeing larger relative inflows

💰 #BNB/USDT

If SEC does not ruin Binance, then looking for BNB to retrace off the weekly support and continue moving inside the channel📈

❗️Things will turn bad if weekly support gets lost

The relative supply dominance of USDT continues to ascend, residing at a current value of 67.6%, the largest relative dominance since May 2021.

JUST IN - $10 trillion BlackRock officially files for spot #Bitcoin    ETF

💰 #Litecoin

#LTC halving is set on Aug 2, 2023 and 44 Days left only⌛️

Technically we are consolidating above 72.5$ weekly key zone and it's a good range to accumulate here

🎯Short-Term Target: 100$ - Top of the Range

🟢Mid-Term Target 1: 120$ - 0.786 fib

🟢Mid-Term Target 2: 183$ - 0.618 fib

Bitcoin illiquid supply reached a new ATH of 15.2M BTC this week, whilst exchange balances have fallen to the lowest levels since Jan 2018 at 2.3M BTC.

💰 #ARB/USDT is testing the top of the falling wedge on 2D chart🧐

Break out of the one and Send it to 1.6$📈

𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Everyone who dollar cost average bought #bitcoin is now officially profitable.

BREAKING: 🇺🇸 The SEC has allowed for the launch of the first leveraged #Bitcoin Futures ETF in the United States.

#LINK/USDT

LINK produced a fakeout🤑 below the support of the channel and now V-recovered back inside the one👆

Targeting the mid-line of the channel and then 8$ 📊

Coinbase saw more buying compared to selling over the past few days, while the opposite trend occurred on Binance

JUST IN: Hong Kong's biggest bank, $1.3 trillion HSBC now reportedly offers #Bitcoin ETFs to clients