Metaplanet bought another $170 million worth of BTC, holding 43,000 BTC


Market moved, BTC pulled to 61272 +2%, ETH 1644, SOL followed up
The market suddenly turned bullish from sideways. After the Taiko bridge resumed, it surged 136%. Solana pushed the on-chain governance threshold to 100k SOL.
Sideways is a dull knife, harder to endure than a crash. During a crash, you know you're losing. Sideways makes you feel like nothing happened, and then you start to get itchy fingers.
I scanned today, the biggest gainer BTTC only +3.8%, but quite a few dropped with volume: NMR -4%, POND -4%, BEL -2%, ARDR -3.5%.
The most dangerous illusion at times like this is thinking you have to do something.
DYDX surged 3% with double volume, but the daily line is still below the long-term moving average. The nearest support is 0.128, still 7% away. Chasing in will likely get you trapped.
When it's quiet, the only correct move is to do nothing.
Upper resistance 63000, 65000; lower support 59000, 58500.
BTC0.64%
SOL0.90%
TAIKO-15.97%
NMR7.36%
POND-8.94%
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