AVOIDING ROUND NUMBERS IN CRYPTOCURRENCY TRADING ‼️ ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
When buying or selling crypto, try to avoid using round numbers like $70,000 or $75,000. Lots of people place their orders at these prices, so it can get crowded and harder for your trade to happen. Instead, try using numbers just below or above, like $69,999 or $70,001. This can help your trade stand out and get executed faster.
Think of it like trying to get into a popular restaurant. If you show up at the exact same time as everyone else, you'll probably have to wait in line. But if you show up a little earlier or later, you might get in faster. It's kind of like that with crypto trades and round numbers.
Just remember, this isn't just about specific prices. Any round number can attract a crowd, so be smart about when and how you place your orders. With a little strategy, you can navigate the crypto market more easily and make the most of your trades.
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The German government has successfully sold 50,000 bitcoins it holds and made a profit of $2.2 billion. According to the BitcoinTreasuries website maintained by Coinkite, the US government currently holds the most bitcoins, reaching 213,246, worth about $13.58 billion. These bitcoins are mainly confiscated from criminals through law enforcement actions, such as from cases such as the dark web market "Silk Road". The president of El Salvador actively publicizes his purchase of bitcoin, but the country holds a relatively small number of bitcoins, only 5,702, worth about $363 million. In contrast, the number of bitcoins held by the US and Chinese governments is close to 1% of the overall supply, and they have actually become large holders.
The German government began to liquidate its bitcoin holdings on July 8 and transferred them to exchanges within 20 days. This behavior has aroused widespread attention and concern in the market. Although the British and Ukrainian governments may also sell their bitcoin holdings, the US and Chinese governments do not seem to have plans or motivations to sell bitcoins. Currently, the holdings of Bitcoin ETFs have exceeded twice that of governments, reaching 1.07 million, which shows that the market demand for Bitcoin ETFs is growing. Although the German government's selling behavior has had a certain impact on the market, the market has begun to gradually digest this news.
🚨 Attention traders stay away from being trapped🚨 🟡 Since the announcement of delisting, altcoins like $POLS, BOND, MDX, and DOCK have been behaving suspiciously. These coins are dangerous as they can fall and increase at any time. Recently, they all hit all-time lows, surged by 100%, and then dropped again. This unpredictable behavior makes it better to stay away from such shocking events to avoid getting trapped on either side. 🔵 Many people are interested in these coins, but there are also many playing manipulation games, making the market even more unpredictable. 🟢 It’s essential to do thorough research and be aware of the risks before investing in any cryptocurrency. 🔴 🚀 Would you like to discuss any specific strategies for managing these risks or any other topics related to cryptocurrency?
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ANALYSIS ALERT ‼️‼️‼️‼️‼️
With #Bitcoin , it is highly likely that its price will drop to the $47,000 or even $32,000 range before the current market consolidation concludes. The probability of Bitcoin surging above $73,000 is minimal during this period, as such a leap would cause major altcoins to increase by over 1000%, which is an unrealistic expectation under current market conditions.
For Bitcoin to experience significant upward movement, the ongoing market consolidation must first come to an end. This consolidation phase is marked by price corrections and market adjustments, which are essential for establishing a solid foundation for future growth. Until this phase is completed, substantial price jumps are improbable.
Investors and traders should prepare for potential dips and focus on strategic entries at lower levels, such as $32,000 to $47,000. This approach can help mitigate risks and position for future gains once the consolidation phase is over and a clearer upward trend emerges.
In summary, patience and strategic planning are crucial during this period of market consolidation. By understanding the market dynamics and waiting for the consolidation to end, investors can better navigate the volatility and capitalize on the eventual rise in Bitcoin’s value.
Ronaldinho also shared the same meme coin with Messi: Question marks increased
After the Argentine star Messi, another football legend is promoting a new meme coin released in the Solana network called 'WATER'.
Famous former Brazilian football player Ronaldinho shared a story promoting meme coin on his Instagram account, which today has 77 million followers. After the sharing, the WATER price increased by more than 50 percent for a short time. Ncak lost 40 percent of its value in the evening hours.
Messi made the first important post about meme coin yesterday. After the share of the Argentine star, the price increased by 370 percent. This rise did not last long again.