Not For Long

The atmosphere was electric. New York City. The fans, media, and NFL personnel all awaiting the announcement of the first picks of the NFL Draft. As a first-round prospect, I could feel a mix of excitement, pride, and perhaps a bit of nervousness as I walked up to the stage to shake hands with the commissioner and hold up my new team's jersey. This moment marked the beginning of my professional football career, it was a culmination of my hard work and dedication. I cried. I hugged my family.

Soon after, I received a revealing call from an NFL mentor. I'll never forget his chilling words: "The NFL stands for Not For Long." I had proven to the world that I belonged in the NFL, but the real test was staying in it.

As I watch the price of Bitcoin fluctuate, I'm reminded of these moments. Having the world in front of you, with all the potential in the world, but still needing to be tested to prove one's place.

It’s still early rookie,

RO

Market Analysis

Monthly View

Bitcoin's Monthly Outlook: Testing Key Support

In our monthly analysis update, we note that Bitcoin closed above $61,357 last month in March, marking the highest monthly close to date. However, in April, Bitcoin retraced back to this level. As today marks the last day of the month, closing above this level would be a significant signal that it is acting as strong support on the monthly chart.

Weekly View

Analyzing Bitcoin's Movement: Inside the Critical Range

In this week's weekly view, we delve into Bitcoin's recent movements. Following last week's rebound from the $57,500 to $61,600 range, Bitcoin has entered this critical zone again. Monitoring how the price behaves here is crucial for understanding Bitcoin's medium-term movements.

Daily View

Critical Levels Ahead: Watching Bitcoin's Next Move

Following last week's daily analysis, Bitcoin has descended within the parallel channel, indicating a potential test of the lower boundary. Interestingly, this lower boundary aligns with the $59,000 to $61,500 range mentioned previously. Bitcoin's price action at these levels will be crucial for determining its next move in the market.

Weekly Statistics

Bitcoin Market Cap

Bitcoin Dominance

Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It should not be construed as financial advice or a recommendation to buy, sell, or hold any financial instruments.