$DOGE pushed into the 0.118–0.119 resistance zone and got rejected. The move up lost momentum fast and sellers stepped back in. Price is now making lower highs, showing this was a pullback, not a breakout. As long as DOGE stays below the recent high area, downside continuation is favored.
Short DOGE Entry Zone: 0.1165 – 0.1215 Stop Loss: 0.1275 TP1: 0.1145 TP2: 0.1120 Or from 100% to 500%
This is a scalp trade. Use 20x to 50x leverage with a margin of 1% to 5%. Book partial profit at TP1 and move stop-loss to entry. $DOGE
Bitcoin's MVRV Z-score printed record lows on a rolling two-year basis, making BTC price more "undervalued" than at the pit of past bear markets. Bitcoin may be “close to the end” of its correction as a classic BTC price metric beats records. Key points: Bitcoin’s MVRV Z-score is at record lows on two-year rolling time frames. The “wild” data is leading to predictions of an imminent BTC price recovery. Analysis says that the precious metals rally is “done for now.” MVRV Z-score says Bitcoin is “undervalued” In an X post Friday, crypto trader, analyst and entrepreneur Michaël van de Poppe confirmed the lowest-ever readings for Bitcoin’s MVRV Z-score. “This is a phenomenal chart,” he told followers about the data, sourced from crypto analyst James Easton. Easton agreed that the chart now looks “wild,” having fallen to the lowest levels ever recorded. MVRV refers to market value versus realized value, and measures the price at which the BTC supply last moved (realized cap) relative to the value of all BTC in existence (market cap). The Z-score divides that ratio by the standard deviation of market cap, giving clear “overvalued” and “undervalued” ranges for Bitcoin at a given point in time. “The current Z-Score of $BTC is lower than during the bear market bottom in 2015, 2018, COVID crash 2020 and 2022,” Van de Poppe noted about rolling two-year time frames. “That's how deep we're in the bear market, and yes, we're close to the end of it.” Bitcoin MVRV Z-Score. Source: Glassnode Raw data from onchain analytics platform Glassnode puts the Z-score at its lowest levels since October 2023. At the time, BTC/USD traded at around $30,000. The last time that the “live” Z-score dipped into its green “undervalued” zone was at the end of the last bear market in 2022. Precious metals prep key BTC price “trigger” Bitcoin price action fell to new two-month lows this week amid a sudden sell-off across risk assets and precious metals. Related: Bitcoin trend line cross mimics 2022 amid ‘insane’ BTC vs. silver breakdown BTC/USD hit $81,040, per data from TradingView, and at the time of writing was still down nearly 2% versus the daily open. Earlier, Cointelegraph reported on a prediction that the period around the January monthly close would see Bitcoin put in a long-term floor, similar to the end of previous bear markets. Reacting, Van de Poppe said that both gold and silver were “done for now.” “The markets are dropping massively, as they are down 10-15% the past 24 hours, $BTC $BNB
Silver prices dropped below the $90 per ounce level, signaling renewed selling pressure across precious metals.
This matters because silver often acts as a liquidity and inflation hedge, and sharp moves can reflect shifting rate expectations, dollar strength, or risk-off sentiment spilling into broader markets. $XAU $XAG $BTC
A US government shutdown is basically confirmed at 12:00 AM ET tomorrow.
Polymarket and Kalshi are pricing an 86% chance.. US government shutdown as funding expires at midnight Friday.
This is a data blackout.
Here’s what we could be facing:
– The Jobs Report (NFP): The Bureau of Labor Statistics (BLS) is part of the shutdown. If this drags on, the monthly Non-Farm Payrolls report gets delayed.
– Inflation Data (CPI/PPI): The data collectors for the Consumer Price Index stop working. This means we won't know if inflation is going up or down.
– GDP & PCE: The Bureau of Economic Analysis (BEA) typically halts operations, meaning no GDP updates and no PCE (the Fed’s favorite inflation gauge).
– CFTC Reports: The "Commitment of Traders" (CoT) report, which tells us how the big money is positioned, stops coming out.
– The SEC halts mostly everything except emergency enforcement.
– IPO & M&A Stalled: New IPOs and merger reviews get put on hold. If you’re waiting for a deal approval, good luck.
– Historically, shutdowns shave about 0.1% to 0.2% off GDP growth for every week they last.
The longer this lasts, the more the "uncertainty discount" gets priced into stocks.
Anyway, I’ll keep you updated on what he does.
I’ve studied macro for 10 years and I called almost every major market top, including the October BTC ATH.
Follow and turn notifications on. I’ll post the warning BEFORE it hits the headlines $BTC $BNB $SOL
#SILVER : Strong manipulation today, caused by extreme sized short bids, same repeat as last monthly close! Save this! On Monday, the FED will reveal record Standing Repo usage for today
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