The big short boss has been taken out, and the market can finally breathe! The weekly chart has finally turned green, ending several consecutive weeks of decline!
High-frequency quantitative giant Jane Street has been sued for allegedly manipulating the Bitcoin market by intentionally dumping during US stock market open (around 10 PM Beijing time / 10 AM ET), triggering chain reactions of liquidations and then buying back at lower prices for profit.
Right after it was officially sued (involving insider trading before the Terra collapse), this phenomenon of "dumping precisely at 10 o'clock every day" suddenly disappeared.
BTC/ETH led the market to a significant rebound, with altcoins bouncing back most aggressively, often starting with a 30-point jump. Crypto-related stocks also rebounded violently, recovering the losses of the past week in a straight shot. When one whale falls, all things thrive!
BTC Support 57850-60000/62800 Resistance 75475/83960
ETH Support 1785/1600/1385 Resistance 2225/2749 Key levels 1840 and 2100
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The big short boss has been taken out, and the market can finally breathe! The weekly chart has finally turned green, ending several consecutive weeks of decline!
High-frequency quantitative giant Jane Street has been sued for allegedly manipulating the Bitcoin market by intentionally dumping during US stock market open (around 10 PM Beijing time / 10 AM ET), triggering chain reactions of liquidations and then buying back at lower prices for profit.
Right after it was officially sued (involving insider trading before the Terra collapse), this phenomenon of "dumping precisely at 10 o'clock every day" suddenly disappeared.
BTC/ETH led the market to a significant rebound, with altcoins bouncing back most aggressively, often starting with a 30-point jump. Crypto-related stocks also rebounded violently, recovering the losses of the past week in a straight shot. When one whale falls, all things thrive!
BTC
Support 57850-60000/62800
Resistance 75475/83960
ETH
Support 1785/1600/1385
Resistance 2225/2749
Key levels 1840 and 2100