Hey there, lovelies! 💖 Back again diving into the world of Bitcoin. So, grab your lattes and let’s spill the tea! 🍵💬
Bitcoin is totally giving us major comeback vibes, clinging on with a sparkle after a bumpy ride. 🎢💎 It’s been a whirlwind, with BTC prices shooting up by about $8,000 from last week’s lows. But here’s the juicy bit: we’re still hanging out in that oh-so-familiar price range. Classic Bitcoin, right?
The mood is upbeat 💃, and the crypto bulls are working their magic, keeping the market perched prettily above those crucial trendlines. And guess what? There’s hardly any of that risky froth – you know, the high funding rates or crazy open interest that can spell drama. 🚫🎭
But here’s the kicker: will the traders get a little too excited and rush into long BTC trades as prices flirt with those dizzying all-time highs? 🤔💬 It’s a total “wait and see” game as we kick off this week, especially with Wall Street peeking into the crypto scene more than ever.
And while we’re chatting, let’s not overlook the calm before the storm – a quiet week on the macro front, but keep those eyes peeled on May 9, babes! Jobless claims might just stir up some spicy trading vibes. 🌶️📊
Bitcoin’s vibe check? It’s sitting pretty near $65,000, ($63,468) and even though we’re playing in the same old trading range, there’s a definite air of “been there, survived that.” BTC’s resilience is showing with some fab bull market pullback moves. 🌟📉
And what about the rest of May? Well, Bitcoin is already up nearly 6% – go, Bitcoin! As for the $60,000 zone, it’s like the VIP section of this party, with key supports that just don’t budge. Meanwhile, the dollar is feeling the pressure, and there’s chatter about the Federal Reserve possibly cutting interest rates. Can we get a “Yas” for potentially cheaper money vibes? 💸👏
Oh, and where’s the retail gang? Looks like they’re not riding the FOMO train this time around. And leverage? Totally not the guest of honor right now, with funding rates keeping it cool and neutral. 🧊📉
Is this the start of Bull Market Phase II? Stay tuned, because it looks like we might be in for a fab crypto cocktail! 🍸✨
Hugs and kisses,
Annika
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Annika, The WebMistress
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