daily degen 🦍(05Jul23)
handle.fi daily market update
market data
market news
RBA pauses interest rate hikes. The ASX 200 got a boost on the news. AUD/ USD saw a temporary drop in response to the news then swiftly recovered and carried on upward.
Gemini’s Winklevoss demands a $1.47b debt repayment from DCG. Gemini Earn users have been unable to access any funds with over $1.2 billion of assets stuck in Genesis Global which DCG owns.
Celsius and Voyager — two rival crypto lending startups that went bust last year have been cleared to start shifting their crypto holdings after court approval on 1/7. Only Voyager has been actively liquidating their crypto, reducing their holdings by 25%. Be aware of some future selling if you hold any of the same assets.
trade ideas
trade: short BTC/ USD
BTC has been unable to successfully break through and hold above the $31k resistance. It has failed its most recent attempt at breaking up to the range high and could now head towards the range lows at $29500. It has broken the diagonal trend for confluence and you could look to enter on any retest of the trend. The trade would be invalidated if it pushes above range highs of $31500.
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