KV Pro-Trader

What do you all think about the #BTC & #ETH Daily Chart? For the past 4 days, it has closed Bearish consecutively, which means selling pressure still dominates the market. As for #ETH, it has already broken out from the Bear Flag Pattern before BTC, and the direction could continue to drop sharply. Currently, Admin is still holding Short positions on #BTC & #ETH. How about you all? NFA, DYOR Please trade with your own risk

Bitmine purchased 71,672 $ETH last week, increasing its total holdings to 5.28 million $ETH, equivalent to 4.37% of the total #Ethereum supply on the market. This indicates that major institutions have strong confidence in #Ethereum and could have a significant impact on the crypto market.

Michael Saylor's Strategy company has purchased an additional 24,869 BTC worth approximately 2 billion dollars. This shows that the company still has strong confidence in Bitcoin and continues to increase its crypto holdings despite market fluctuations. Such a large purchase can also help boost investor confidence in the crypto market.

🇨🇳 Now: China's holdings of US Treasuries have dropped to the lowest level since the 2008 global financial crisis. This may indicate that China is reducing its reliance on American assets, diversifying investments into other assets, or responding to economic and political tensions between the two countries.

🇮🇳 Today: India has imposed limits on the import of some Silver, as oil prices are rising and putting pressure on the country's foreign currency reserves. Due to the rising oil prices, India has to spend more foreign currency to import oil, so the government is trying to protect foreign currency reserves by reducing imports of some non-essential goods, such as Silver

#BTC & #ETH have broken through the Support Zone consecutively, which will cause the price to continue falling. #BTC may continue to drop to $76,500 to $77,000 #ETH may continue to drop to $2,100 to $2,140 Both Bigger TF & Smaller TF have confirmed a Bearish continuation. For brothers and sisters holding Long Positions, please be cautious of risks. This is NFA, DYOR -Please trade with your own risk

🇺🇸 An era at the Federal Reserve has ended, as Jerome Powell steps down after leading the Federal Reserve for 8 years. This could lead to major changes in the United States' monetary policy in the near future.

On May 15, Bitcoin Spot ETFs saw a total outflow of $290 million, with none of the 12 ETFs receiving any inflows. Meanwhile, Ethereum Spot ETFs also experienced a total outflow of $65.7 million, marking the fifth consecutive day of outflows from the market. This may indicate that investor confidence is declining or that there is profit-taking occurring in the crypto market.

“Whales” or large Bitcoin holders have transferred 10,450 BTC to exchanges while Coinbase received deposits exceeding $700 million in just one day. This could be a sign that major investors are preparing to take profits after Bitcoin's price surged significantly. Therefore, brothers and sisters who are holding Long #BTC positions, please be cautious of Liquidation

Don't overlook the “Rising Wedge” pattern on Bitcoin at all. It could be a sign that the upward momentum of the price is weakening, and #Bitcoin might drop sharply at any time soon. NFA, DYOR