๐ฅ Is Jack Dorsey Satoshi Nakamoto? ๐ฅ A wild theory picking up momentum on the internet that suggests Jack Dorsey might be Satoshi Nakamoto. Hereโs why:
๐ Early Clues - One of ~1,300 cypherpunks in 1996. - Wore an Adam Back t-shirt (creator of Hashcash, key to Bitcoin). - Majored in CS & Math, interested in cryptography. - UMR mascot? โMinersโ โ fitting.
๐ป The Perfect Skill Set - Built peer-review software. - Mastered C, Python, Java, PHP, and more. - Wrote a 2001 manifesto on leaving no trace.
๐ Timeline of โCoincidencesโ - 8/17/08: Jack tweets a sailorโs adage. - 8/18/08: Bitcoin.org is registered. - Bitcoin code timestamped at 4 AM โ Jackโs known hacking hours. - First BTC transaction (1/11/09) = Jackโs momโs birthday. - Satoshiโs last mined block? His dadโs birthday! - Satoshi quits days before Twitterโs WikiLeaks subpoena. - 2009 IRC login traced back to California โ where Dorsey was at the time!
๐ธ Post-Bitcoin Hints - 2012: Calls Bitcoin โamazingโ. - 2020: Wears a Satoshi shirt at the Super Bowl. - 2023: Says Bitcoin reflected โeverything I aspired to be.โ
The rejection at $99,500 shows strong seller pressure, pushing BTC into a key decision zone. Price is now near $95,120, with immediate support between $94,451 - $94,020. If this level breaks, a move towards $93,300 is likely, where liquidity pools could provide a reaction.
๐ Indicators: RSI (42.65): Weakening bullish momentum. MACD: Growing bearish pressure with a widening gap.
A strong defense at 94K-93.3K could trigger a bounce, but if it fails, BTC may target the 88.5k - 85K range. The next few daily closes will confirm the direction.
BYBIT confirms its ETH cold wallet was hacked via a UI spoofing attack, with over $1 billion drained. The founder assures that even if the $1.46 billion loss is uncoverable, the exchange remains solvent and can fully cover it.
**Market Recap & Confirmation** Yesterday, as highlighted a bearish scenario, expecting a move towards lower liquidity zones. BTC followed the analysis accurately, failing to reclaim key resistance levels and moving toward our projected targets.
-Resistance held strong, reinforcing bearish momentum. -The market is now testing support at a 100-day EMA of $93,800, aligning with our key pivot zones. The next potential liquidity sweep around $91,600 - $89,151 remains in play. -Bearish order blocks & Fair Value Gaps (FVGs) are respected, indicating further downside liquidity grabs.
**Key Technical Levels (Updated)**
๐Resistance Levels: -$94,600 - $95,700: Previous support turned resistance. - $98,887 - $100,174: CME gap zone. - $102,590: Strong bearish order block.
๐Support Levels: - $92,705: First major support - $91,600: Intermediate support, possible short-term bounce. - $89,151: Strong support target. - $88,500: Key liquidity sweep level.
**Additional Insights** - Liquidation Heatmap: High liquidations triggered around $94,400, confirming liquidity grabs. - Indicators (MACD & RSI): Still bearish, but signs of short-term relief possible.
**Projected Price Movement** ๐ปBearish Scenario (Still in Play): - Failure to hold $92,705 could lead BTC towards $91,600 - $89,151. - A deeper liquidity sweep at $88,500 remains a strong possibility.
๐ Bullish Recovery (If Buyers Step In): - A bounce from $92,705 or $91,600 could push BTC back toward $94,081 - $95,700. - A break above $98,887 - $100,174 would invalidate short-term bearish bias.
**Conclusion** BTC has followed yesterday's bearish analysis exactly as expected, respecting key levels and heading toward liquidity targets. As long as BTC stays below $95,700, the bearish scenario remains dominant. However, watch for reactions around $91,600 - $89,151, as they could offer a potential reversal opportunity.
*๐ Current Market Structure* -Recent High: $106,422 | Recent Low: $91,215 -BTC remains in a corrective phase, struggling below key resistance at 100K. -The lower highs formation and trendline breakdown indicate bearish momentum. -Multiple Fair Value Gaps (FVGs) and CME gaps suggest liquidity imbalances could be filled soon.
*๐ Key Technical Levels* ๐บ Resistance Levels: $102,590: Bearish Order Block (OB) + FVG $100,174 - $98,887: CME Gap $106,422: Major Resistance
๐ป Support Levels: $95,741 - $94,081: Key Pivot Zones $91,588: Intermediate Support $89,151: Strong Support & CME Gap Target $88,500: Liquidity Sweep Target
*๐ Additional Insights* -๐ฅ Liquidation Heatmap: High liquidation clusters near $95,700 and $94,000, signaling potential short-term support. -๐ VPVR Analysis: Strong volume concentration around $96,100 - $96,500, making this a key level to watch. -๐ MACD & RSI: Bearish bias but showing signs of potential short-term relief.
*๐ Projected Price Movement* ๐ป Bearish Scenario: -Failure to hold $91,588 could trigger a drop to $89,151 CME gap, with a potential liquidity sweep at $88,500 before a possible rebound.
๐ Bullish Recovery: -If buyers step in around $91,588 - $89,151, BTC could reclaim $94,081, targeting the $98,878 - $100,174 CME gap. A breakout above $102,590 would shift momentum bullish.
*๐ Conclusion* Bitcoin is showing short-term bearish weakness, with a high probability of testing $89,151 - $88,500 before a potential recovery. Bulls need to reclaim $98,887+ to invalidate this bearish bias.