Binance was penalized for not securing a permit to operate in the Netherlands, and it has many customers too.
Crypto exchanges in Korea are under investigation for possible fraud and link to the collapse of TerraUSD and Luna.
Tesla unloaded a big part of its cryptocurrency asset a year after Elon Musk said they will not sell their Bitcoins.
FxWirePro- Bull and bear case
BTCUSD regained above $30000 on upbeat market sentiment. US markets especially NASDAQ, high positive correlation with Bitcoin surging more than 12.50% from a minor bottom of 11488. BTC hits an intraday high of $31562 and is currently trading around $31356.
Levels to watch- $28000. Any violation below confirms the bearish trend, a dip to $24000/$20000 is possible.
Primary supply zone -$31700 (200-4H EMA). The breach above confirms bullish confirmation. A jump to the next level of $32650/$34500/$35816 is possible.
Secondary barrier- $37000. A violation above that barrier targets $40000/$43000.
CCI (50) -Bullish in the 4-hour chart.
It is good to buy on dips around $30780-800with SL around $29000 for TP of $34000/$37000.
ETHUSD formed a double bottom around $1700 and showed a minor pullback following in the footsteps of Bitcoin. It hits a high of $1914 at the time of writing and is currently trading around $1909.
Levels to watch- $1700. Any close below shows that the pair is in a downtrend. A dip to $1600 (200-WEMA is possible). Major demand zones are $1600. A breach below targets $1168.
Primary - Barrier- $2000. Any breach above confirms an intraday bullishness. A jump to $2170/$2300/$2500 is possible.
Secondary barrier- $2700. A breach above that barrier targets $2940/$300.
It is good to buy on dips around $1700 with SL around $1600 for TP of $2500.