💥 PROJECT OF THE DAY - 5 MAY, 2025
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Rank: #13
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Market updates are rapid. If this downtrend (moving average) Vegas Tunnel is broken, there's a high probability of a short squeeze targeting 98,000-10,000 to capitalize on liquidity.

Market Update | BTC

Daily market data review and trend analysis, produced by PANews.
1. Market Observation: At the start of the new week, the precious metals market was the first to be affected. After spot silver broke through $84/ounce to reach a record high, it encountered profit-taking pressure, quickly plunging and turning into an intraday decline, eventually fluctuating around $78. This rollercoaster ride directly impacted related financial products. Spot gold retreated from its historical high of nearly $4550, while platinum and palladium both fell by close to or more than 7%. Besides the traditional logic of Fed rate cut expectations and continued central bank gold purchases, the market began pricing in "commodity control"...

Trading Moments: Silver plunges after hitting a new high; institutions warn of potential correction in precious metals; Bitcoin exhibits a "Dead Cat Bounce"?

The silver (XAG) market is entering a crucial week after the Chicago Mercantile Exchange (CME) announced it will raise margin requirements for the second time in just two weeks, effective Monday, 29/...