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0 sats \ 0 replies \ @JohnOnchain OP 14 Apr 2024 \ parent \ on: Bitcoin Battles $70K Resistance After 8% Drop & Altcoin Liquidations bitcoin
Merci monsieur pour votre soutien indéfectible.
Here is a concise summary of the most relevant Bitcoin news from last week, based on the search results, that may have influenced the recent price fluctuations:
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Bitcoin falls 8%, drops below $62,000 before rebounding [1]:
- Bitcoin experienced a significant 8% drop and briefly fell below the $62,000 level before rebounding.
- This pullback could be attributed to profit-taking by traders who had accumulated Bitcoin at lower levels, leading to a temporary sell-off.
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Bloomberg's report on crypto liquidations [2]:
- Bitcoin's brief drop triggered a cascade of liquidations of speculative positions, leading to a massive sell-off of smaller digital assets like Solana, Cardano, and Polkadot.
- This liquidation spiral and market panic contributed to the downward pressure on Bitcoin's price.
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Ethena's controversial method for maintaining USDe's peg [1]:
- Ethena, an Ethereum project behind the synthetic dollar USDe, has attracted over $2 billion in deposits.
- However, concerns arise due to Ethena's controversial method for maintaining USDe's one-dollar peg, which has not been tested under adverse market conditions.
- The uncertainty surrounding USDe's stability may have led to a cautious sentiment among investors, potentially impacting Bitcoin's price.
Technical Analysis of Bitcoin (BTC-USD) over the last 48 hours (1-hour intervals)
Key Price Levels
Major Resistance
- $70,940.36 (High reached on 04/12/2024 at 12:00)
Secondary Resistance
- $70,922.37 (High on 04/12/2024 at 11:00)
Major Support
- $61,896.35 (Low reached on 04/13/2024 at 21:00)
Secondary Support
- $62,973.95 (Intraday level on 04/13/2024 at 22:00)
Technical Indicators
- RSI (41.33): Neutral trend
- MACD (-864.82) negative and histogram (150.81) positive: Possible bullish reversal
Observations
Bitcoin traded in a wide range between $70,940 and $61,896 over the last 48 hours.
Range Configuration
- Resistance: $70,940
- Support: $61,896
A clear breakout could provide a new directional impulse:
- Surpassing $70,940: Potential buy signal
- Breaking below $61,896: Potential sell signal
Outlook
- A return toward $70,940 could represent a short-selling opportunity targeting $61,896.
- Conversely, a rebound above $61,896 could trigger buybacks aiming for $70,940.
In summary, after a sustained rally over the past year, Bitcoin is currently in a short-term range configuration between $70,940 and $61,896. The direction of the next trend will depend on the ability of prices to break or hold these recently established key technical levels.
Yes, I use Claude to summarize articles and to produce automated podcast content. It works quite well. For development, it's not bad either, but not being a developer myself, I don't have enough perspective. (This message was translated from French to English using Claude 3 opus)
that's simple, for those who want transparency and FOSS, blocking, hidding etc must be handle on user side.
Primal try to build trend algorythm. Human will always try to game this kind of algo (see steemit history). This basically cannot scale.
Great but my fear is about relay overload.
Won't this type of padded/fake/encrypted message overload the relays ?
That's sad because Nostr do more than social network.
For example, distributed market (service, good, AI).
The great thing is you can cherry pick some features/NIP (or build you own) on Nostr for your app and hopefully you don't need to necessary deal twitter like stuff.
Nope.
You just need in DM to run the following command (for 1000 sats)
deposit 1000
Then the bot returns a lightning invoice (available for payment for 1 hour)
The bot itaelf is running on a vps. The model generation part is based on sinking.ai because need ram and vram.