BtcfiSummer☀️
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BounceBit: 12-Hour Timeframe Technical Analysis
BB has successfully broken above the resistance trendline and is currently in the process of retesting it. The 21 EMA, along with a key horizontal support level, is acting as the primary support zone for BB. A bounce from this support zone could signal a bullish trend, potentially driving the price toward its all-time high range.
However, if BB fails to hold this primary support, the next support level at $0.2393 (the all-time low) is expected to provide strong price stability.
Key Levels to Watch:
- Primary Support/Accumulation Zone: $0.3134 - $0.3265
- Lower Support: $0.2393
- Primary Target: $0.505 - $0.55
- Higher Target: $0.8789
#BTCFi #BtcfiSummer☀️ #cedefi #CeDeFi
BB has successfully broken above the resistance trendline and is currently in the process of retesting it. The 21 EMA, along with a key horizontal support level, is acting as the primary support zone for BB. A bounce from this support zone could signal a bullish trend, potentially driving the price toward its all-time high range.
However, if BB fails to hold this primary support, the next support level at $0.2393 (the all-time low) is expected to provide strong price stability.
Key Levels to Watch:
- Primary Support/Accumulation Zone: $0.3134 - $0.3265
- Lower Support: $0.2393
- Primary Target: $0.505 - $0.55
- Higher Target: $0.8789
#BTCFi #BtcfiSummer☀️ #cedefi #CeDeFi
LIVE
BounceBit
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BounceBit AMA Recap
Missed our recent AMA on Binance Square, "Discussing the Future of Crypto"?
Here's a recap 👇
On Aug 20th we had an exclusive AMA session hosted by Binance Square.
Jack and Yuchen from the BounceBit team dove into BounceBit, BTCfi, CeDeFi and more.
You can find the full recording here: https://www.binance.com/en/square/audio/replay?id=12419354676145
__________
1/ What is CeDeFi, and why is it important?
BounceBit described CeDeFi as a hybrid of centralized finance (CeFi) and decentralized finance (DeFi), aiming to combine the strengths of both. It serves as a middle ground, leveraging the scalability and liquidity of CeFi with the transparency and permissionless nature of DeFi.
__________
2/ Why is CeDeFi the right approach rather than keeping CeFi and DeFi separate?
CeDeFi is the right approach because it addresses where most liquidity now resides—centralized exchanges. It enables arbitrage and asset management opportunities that DeFi alone can't provide, making it essential to merge the two for more effective financial products.
__________
3/ How does Bitcoin fit into the CeDeFi narrative?
Bitcoin, which lacks native smart contract support, fits into CeDeFi by leveraging its strong institutional CeFi ecosystem. BounceBit’s CeDeFi framework makes institutional-grade strategies accessible to retail investors, allowing them to earn yield on Bitcoin securely and efficiently.
__________
4/ Key benefits of CeDeFi with BounceBit?
BounceBit simplifies institutional products for retail investors, offering multiple layers of yield and a safer, more efficient way to earn with Bitcoin through CeDeFi. It’s a game-changer for both seasoned and new crypto investors.
___________
5/ What’s next for BounceBit?
BounceBit is expanding its CeDeFi offerings, enhancing BB token utility, and launching Bounce Club—a community-driven platform with AI, memes, and DeFi. The future looks bright!
____________
For more details, follow BounceBit on Binance Square and check out our resources on our official website:
https://www.binance.com/en/square/profile/bounce_bit
https://bouncebit.io/
Here's a recap 👇
On Aug 20th we had an exclusive AMA session hosted by Binance Square.
Jack and Yuchen from the BounceBit team dove into BounceBit, BTCfi, CeDeFi and more.
You can find the full recording here: https://www.binance.com/en/square/audio/replay?id=12419354676145
__________
1/ What is CeDeFi, and why is it important?
BounceBit described CeDeFi as a hybrid of centralized finance (CeFi) and decentralized finance (DeFi), aiming to combine the strengths of both. It serves as a middle ground, leveraging the scalability and liquidity of CeFi with the transparency and permissionless nature of DeFi.
__________
2/ Why is CeDeFi the right approach rather than keeping CeFi and DeFi separate?
CeDeFi is the right approach because it addresses where most liquidity now resides—centralized exchanges. It enables arbitrage and asset management opportunities that DeFi alone can't provide, making it essential to merge the two for more effective financial products.
__________
3/ How does Bitcoin fit into the CeDeFi narrative?
Bitcoin, which lacks native smart contract support, fits into CeDeFi by leveraging its strong institutional CeFi ecosystem. BounceBit’s CeDeFi framework makes institutional-grade strategies accessible to retail investors, allowing them to earn yield on Bitcoin securely and efficiently.
__________
4/ Key benefits of CeDeFi with BounceBit?
BounceBit simplifies institutional products for retail investors, offering multiple layers of yield and a safer, more efficient way to earn with Bitcoin through CeDeFi. It’s a game-changer for both seasoned and new crypto investors.
___________
5/ What’s next for BounceBit?
BounceBit is expanding its CeDeFi offerings, enhancing BB token utility, and launching Bounce Club—a community-driven platform with AI, memes, and DeFi. The future looks bright!
____________
For more details, follow BounceBit on Binance Square and check out our resources on our official website:
https://www.binance.com/en/square/profile/bounce_bit
https://bouncebit.io/
BounceBit (BB): A New Era of CeDeFi Innovation
BounceBit (BB) is an innovative blockchain platform that merges centralized and decentralized finance (CeDeFi). It offers users access to DeFi services like staking, liquidity provision, and cross-chain asset management, including Bitcoin. One standout feature is the integration of a wrapped Bitcoin token ($BBTC), allowing users to stake their Bitcoin for rewards.
With a market value of $127.33 million and a circulating supply of 451.79 million tokens, BounceBit has strong potential, backed by investors like Binance Labs and Breyer Capital. While the project shows promise, its innovative approach also carries significant risks, so investors should approach with caution.
BounceBit’s combination of CeDeFi and multi-chain compatibility makes it an intriguing project in the evolving crypto landscape.
$BB #cedefi #BtcfiSummer☀️
BounceBit (BB) is an innovative blockchain platform that merges centralized and decentralized finance (CeDeFi). It offers users access to DeFi services like staking, liquidity provision, and cross-chain asset management, including Bitcoin. One standout feature is the integration of a wrapped Bitcoin token ($BBTC), allowing users to stake their Bitcoin for rewards.
With a market value of $127.33 million and a circulating supply of 451.79 million tokens, BounceBit has strong potential, backed by investors like Binance Labs and Breyer Capital. While the project shows promise, its innovative approach also carries significant risks, so investors should approach with caution.
BounceBit’s combination of CeDeFi and multi-chain compatibility makes it an intriguing project in the evolving crypto landscape.
$BB #cedefi #BtcfiSummer☀️
Hey there, happy Bitcoin pizza 🍕 day🤸
It started with 1 #bitcoin on the Corechain, then rapidly grew to 100, now 1,000+ and later soar to 10k and 100k. With unstoppable momentum, will reach an astonishing 1m. And with the force of inevitability finally hit 10m #btc. May we live to see the wonders Core🔶️ holds for us in that season!
Stake your Bitcoin on stake.coredao.org for CORE👍
Core is really unlocking Bitcoin's value✨️
Join in now and follow @Coredao_Amb on X
#Bitcoin #Core #Non-Custodial Bitcoin staking#BtcfiSummer☀️
It started with 1 #bitcoin on the Corechain, then rapidly grew to 100, now 1,000+ and later soar to 10k and 100k. With unstoppable momentum, will reach an astonishing 1m. And with the force of inevitability finally hit 10m #btc. May we live to see the wonders Core🔶️ holds for us in that season!
Stake your Bitcoin on stake.coredao.org for CORE👍
Core is really unlocking Bitcoin's value✨️
Join in now and follow @Coredao_Amb on X
#Bitcoin #Core #Non-Custodial Bitcoin staking#BtcfiSummer☀️
Feel like touching some grass with my Core merch today as your proud Ghanaian🇬🇭 Ambassador🔶️
Thanks to @theshinapeter and @Coredao_Org for the love🧡 Kindly join the revolutionary ecosystem!
Have a hashpowered weekend⚡️🤗
Core is always rising 🔥
#Bitcoin #Core #BtcfiSummer☀️
Thanks to @theshinapeter and @Coredao_Org for the love🧡 Kindly join the revolutionary ecosystem!
Have a hashpowered weekend⚡️🤗
Core is always rising 🔥
#Bitcoin #Core #BtcfiSummer☀️
