#ALICE haven't gave the retracements and again made a push towards the major resistance area. Price broke though the resistance and now acting as support and potentially, we can see a bounce from here.

The Long-Term Holder (LTH) Binary Spending Indicator, which tracks the intensity of selling by long-term Bitcoin holders, showed a significant and sustained decline in the LTH supply leading up to the $73,000 all-time high in March. This indicated that long-term holders were actively distributing their holdings during the price rally, creating selling pressure. However, in the last few weeks, this distribution pressure has eased off markedly, suggesting that long-term holders are no longer aggressively selling at the current price levels. This reduction in selling by long-term holders gives the bulls more breathing room and lessens the overall resistance in the market.

Here's the Analysis of #HIGH :

#HIGH rejected strongly from the major resistance area of $7.44 - $7.84 and right now, price testing the trendline zone as support and might go bit lower for a retest. Well, Nothing looks good enough here, better wait for the setup.

#BTC surpasses the $70,000 level and continued the push higher towards the next resistance area around $71,250. Price getting some sort of rejection and a retest back to $68,000 is expected before moving up.

#US30 UPDATE :

#US30 made a very deep pullback and towards the origin points of the move. Currently, index moving back and forth of the intermediate flip level, before moving up, a retest is expected, mentioned in the chart.

Miner Supply of Bitcoin at it's Lowest in 14 Years

Miner holdings of Bitcoin are in decline, down 50% from highs. It was over 5,000 days, or 14 years, since miner reserve of Bitcoin was this low

Trading With The Trend

#Trading with the trend, also known as trend following, is a objective in trading plan, that involves taking positions in markets in the same direction as the dominant trend. The idea behind this, is that trends in the market tend to persist and that following the trend can lead to higher profits than attempting to predict market reversals.

#Traders who follow this strategy typically use trend analysis #tools, such as moving averages or #trendlines, to identify the direction of the trend and to make decisions about when to enter and exit trades. This can involve taking long positions when the trend is #bullish and short positions when the trend is #bearish.

It is #important for traders to have a well-defined #risk management plan in place to mitigate these risks and to have a solid understanding of the #markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their #positions accordingly.

Here's the Analysis of #VET :

#VET going through the large downtrend channel pattern and make a consolidation range over the support zone of $0.033 - $0.034. Buys looks healthy here but to be sure you can wait for the breakout of the consolidation.

#BTC did attempted to breakout and again closed before turning it into a fakeout now. We have a support at $70,500 which price rejected it and looks like again going for a retest now. A new Higher High is expected very soon, by the end as structure is bullish.

#BTC.D UPDATE :

#BTC.D still hovering below the resistance area forming a Head and Shoulder formation. Well, Index kept on trying to break the resistance, which is not a good sign as alts will dump. Eyes on breakout now, as this might be triple top too, and indicating a correction hint.

The Liveliness metric also captures this change in market character, and indicates that the Bitcoin network is seeing a greater volume of coinday creation than destruction. In other words, the market is now expressing a greater preference for holding coins for longer periods of time, rather than actively distributing coins for a profit.

What Is a Metatransaction?

A metatransaction is like having a helper who carries out a task for you. In this case, it's executing a transaction that someone else has signed on your behalf. Instead of you needing to send this transaction to the public blockchain, the helper does it for you. So, metatransactions simplify things and save you the cost of using gas on public blockchains. All you have to do is sign the transaction with a click.

Usually, when you make a transaction on a public ledger, you sign it yourself, and it goes into a waiting area called the mempool. Miners then include your signed transaction in the next block. During this process, you're the one paying the gas fees, which can be a hassle. Plus, you usually have to pay these fees using the native token of the blockchain, even if you're using a decentralized app (dApp) with its own token.

Metatransactions change this by allowing dApps to handle the gas fees and token payments for you. Instead of you paying the fees, the dApp or another third party does it for you. For instance, a dApp developer might cover the gas fees to attract more users. They can also decide whether users need to use their own token to pay for gas or if they'll cover the costs entirely. In either case, they use metatransactions to manage the transaction on the blockchain and pay the necessary fees. All you need to do is sign the transaction, and you might not have to pay any gas fees at all.

The main advantage of metatransactions is that they make using blockchain applications much easier for users. They shift the burden of dealing with gas fees and transactions from the users to the developers or infrastructure behind the scenes.

Here's the Analysis of #UNI :

#UNI kept on rejecting from the Strong Resistance area of $11.59 - $11.78. Price broke through the channel pattern and trend with bullish market structure. Expected a Bounce from the trendline, in anticipation of break of the resistance and new printing new Higher High.

#BTC took a bounce from the support drawn (red box) and attempting to break the Major Resistance again. With that, today is strong fundamental news, and with that a strong movement is expected, so better tighten the stops in any futures trade opened.

#LPT is did a successful break and retest of the flag pattern and made a push too. Price made a high of $25, which 13% - 16% in profits from the zone. Currently, price is getting a pullback before the next leg up.

We can see a large decline in the Sell-Side Risk Ratio over recent weeks, which suggests the market has found a degree of equilibrium over the course of this correction.