KV Pro-Trader

🇮🇳 Today: India has imposed limits on the import of some Silver, as oil prices are rising and putting pressure on the country's foreign currency reserves. Due to the rising oil prices, India has to spend more foreign currency to import oil, so the government is trying to protect foreign currency reserves by reducing imports of some non-essential goods, such as Silver

#BTC & #ETH have broken through the Support Zone consecutively, which will cause the price to continue falling. #BTC may continue to drop to $76,500 to $77,000 #ETH may continue to drop to $2,100 to $2,140 Both Bigger TF & Smaller TF have confirmed a Bearish continuation. For brothers and sisters holding Long Positions, please be cautious of risks. This is NFA, DYOR -Please trade with your own risk

🇺🇸 An era at the Federal Reserve has ended, as Jerome Powell steps down after leading the Federal Reserve for 8 years. This could lead to major changes in the United States' monetary policy in the near future.

On May 15, Bitcoin Spot ETFs saw a total outflow of $290 million, with none of the 12 ETFs receiving any inflows. Meanwhile, Ethereum Spot ETFs also experienced a total outflow of $65.7 million, marking the fifth consecutive day of outflows from the market. This may indicate that investor confidence is declining or that there is profit-taking occurring in the crypto market.

“Whales” or large Bitcoin holders have transferred 10,450 BTC to exchanges while Coinbase received deposits exceeding $700 million in just one day. This could be a sign that major investors are preparing to take profits after Bitcoin's price surged significantly. Therefore, brothers and sisters who are holding Long #BTC positions, please be cautious of Liquidation

Don't overlook the “Rising Wedge” pattern on Bitcoin at all. It could be a sign that the upward momentum of the price is weakening, and #Bitcoin might drop sharply at any time soon. NFA, DYOR

On May 13, Bitcoin Spot ETFs saw a total withdrawal of $630.4 million, indicating that investors are selling and pulling funds out of the market. BlackRock's clients sold $284.7 million worth of Bitcoin. At the same time, Ethereum Spot ETFs also experienced a total withdrawal of $36.3 million, with BlackRock's clients selling $21.1 million worth of Ethereum. This data shows that major investors are being cautious and reducing their Crypto holdings in the short term.

🇨🇳🇺🇸 Breaking news: Chinese President Xi Jinping has warned U.S. President Donald Trump that there could be a “clash or confrontation” if the Taiwan issue is resolved incorrectly. China wants the United States to clearly state that the Washington government does not support Taiwan's independence. Tensions between China and the U.S. over the Taiwan issue are escalating sharply.

Donald Trump is meeting with Xi Jinping to discuss the relationship between the United States and China. This meeting may focus on trade, economy, technology, and various international political issues.

If #BTC drops to 72K, it will liquidate $14.2B worth of Long positions But if it rises to 91K, it will liquidate $3.3B worth of Short positions The question is, which one will it liquidate? 😁😁