Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Trump Token Drops: The Official Trump token fell from $48 to $42 after Trump admitted he had no involvement with it. Investor confidence dropped, worsened by the launch of Melania Trump's memecoin.

2. 📈Technical Analysis Masterclass - Raydium has gained attention with the rise of memecoins. Watch UseTheBitcoin’s latest Youtube video “Before You Buy Raydium, Watch THIS! (RAY)” to know if now is the right time to enter or join our Official Telegram Channel for more alpha! 

3. Silk Road Founder Pardoned: Donald Trump pardoned Ross Ulbricht, fulfilling a campaign promise to the crypto community.

4. 💡Feature of the Day - Fake Trump Token Scams: Fake Trump and Melania tokens saw $4.8 million in inflows in 24 hours, with over 60 copycat tokens misleading investors on Solana.

   
   All this and more in today’s headlines!

📰 News Highlights:

Trump Token Drops [Source][Source][Source]

The Official Trump token fell from $48 to $42 after Donald Trump admitted his lack of knowledge about it during a press conference.

Trump acknowledged the token's success but showed no active involvement, which led to a market decline.

The token had previously peaked at $73.43, but skepticism and the launch of Melania Trump's memecoin, which also declined, contributed to its downward trend.

Observers noted that Trump’s comments negatively impacted investor confidence, with Bloomberg analysts suggesting he undermined his own token.

 📈Technical Analysis Masterclass:

Before You Buy Raydium, Watch THIS! (RAY)

Potential Handle Pattern Formation

• Support Zone: Historical price action suggests strong support in the $4–$6 range, making it an ideal entry point for buyers.

• Market Behavior: Buyers often step in at this level to prevent further declines, offering a strategic buying opportunity.

Fibonacci Retracement Insights

• Golden Ratio Confirmation: Fibonacci levels align with the potential pullback, confirming $4–$6 as a strong support zone.

• Market Psychology: Prices tend to bounce or reverse at these key levels, making them crucial for traders to monitor.

Trading Strategy

• Best Approach: Patience is key—wait for prices to consolidate in the $4–$6 range before entering.

• Profit Target: Consider taking profits when prices reach the $7–$8 resistance zone, as identified in the weekly timeframe analysis.

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Silk Road Founder Pardoned [Source][Source][Source]

Donald Trump granted a full pardon to Ross Ulbricht, the founder of Silk Road, fulfilling a campaign promise to the crypto community.

Trump announced the pardon on social media, calling Ulbricht’s sentence of life imprisonment "ridiculous."

The pardon follows pressure from libertarian groups and prominent Bitcoin advocates who believe Ulbricht's punishment was excessive compared to other offenders.

💡 Feature of the Day: 

Fake Trump Tokens Surge [Source][Source][Source]

Fake Trump and Melania tokens recorded $4.8 million in inflows within 24 hours, as opportunistic traders flooded the Solana network with imitations.

Over 60 copycat tokens mimicked the official branding, misleading investors and leading to significant losses.

Security firms warned that many of these tokens exhibited signs of scams, such as rug pulls and liquidity drains.

Several fake tokens have already seen their liquidity pools drained, leaving buyers with worthless assets.

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And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com