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According to BlockBeats, on January 13, a report from Glassnode highlighted that Bitcoin's implied volatility has decreased to a low expected range. This indicates that the market anticipates mild fluctuations in the upcoming quarter, suggesting a return to a low volatility state. This scenario reflects limited short-term hedging demand and typically signals that once market volatility re-emerges, prices may adjust more swiftly as positions are recalibrated based on new information. Additionally, the profit-taking volume among long-term Bitcoin holders has cooled to levels usually observed during shallow bear phases. This situation is often associated with high uncertainty and tends to occur during mid-cycle stagnation in bull markets or early stages of deeper bear markets. #BTC
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OG Bullish Breakout Setup! Market Structure OG has rebounded strongly from the $4.00 liquidity sweep and reclaimed the mid-range with momentum. Price is holding above prior consolidation, signaling acceptance and bullish continuation potential. Key Levels Support: $4.30 – $4.20 Resistance: $4.55 → $4.90 Bullish Trade Setup Entry: Break and hold above $4.55, or a pullback that holds $4.30 Targets: TP1: $4.90 TP2: $5.30 Stop Loss: Below $4.15 Market Sentiment Volume expansion on the move up shows buyers stepping in with confidence. As long as price stays above support, pullbacks are likely to be corrective rather than bearish. Bullish bias remains intact while structure holds and upside momentum continues$OG
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Powell Investigation & Crypto Market
Fed Chair Jerome Powell is under DOJ investigation. While not directly crypto-related, this could add uncertainty to markets, potentially affecting Bitcoin, Ethereum, and other digital assets.
Traders should stay cautious and monitor volatility, as movements in traditional markets often ripple through crypto. #pepe #PEPE