We're halfway through the season and I know some of you are looking around hoping for other teams to falter so we can move up in the standings. That's the wrong mindset. Success isn't given, it's earned. We control our own destiny. Eyes forward, focus within. There will always be outside noise - halving predictions, gossip, ETFs. Shut it out. We put the work in day after day, minute after minute. Trust the process, trust your teammates, trust yourself. Only look inward and be confident in the preparation. We're climbing this mountain one step at a time.

-RO

Market Analysis

Unlocking Bitcoin's Potential: The Significance of 36K

As Bitcoin continues its upward journey, it's important to keep an eye on potential resistance zones that may come into play. After the breakthrough of the 31.5K horizontal level, the next significant hurdle to conquer is the 36K mark. Interestingly, this price level corresponds to the 0.382 Fibonacci retracement of the Bitcoin's downward move from its all-time high to the recent low at 15K. This Fibonacci level is known for its historical importance in the world of technical analysis, and it acts as a checkpoint that the Bitcoin community should watch closely, as it would reveal important insights into the strength of Bitcoin's ongoing rally.

Daily View

Bitcoin's Daily Battle, 36K and Beyond

Taking a closer look at the daily chart, we find that the next horizontal resistance zone is at 36k. The level, which also happens to be the 0.382 Fibonacci retracement. A break above this level would signify a remarkable breakthrough, opening the doors to the next resistance zone at the 41-42K range.

Market 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.