#BYEX Insight👀: 📊 As reported by @JinseFinance 🖥 at toda | Crypto Flash on Binance Square

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#BYEX Insight👀:
📊 As reported by @JinseFinance 🖥 at today's Bitcoin price of $98K, #Satoshi Nakamoto’s stash is estimated to be worth over $108 billion💰
#Crypto #Bitcoin #Blockchain💎 

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$BTC Daily Significant bearish divergence with overbought RSI on most time frames. Usually a clear signal of a local top, at the very least. No signal is 100%, but this tends to be solid. Will be looking for hidden bullish divergence to cancel the bear div. $74,000 previous all time high remains untested as support. No reason this has to be touched, but always worth keeping an eye on a previous ATH. Most likely place for a pullback is the low 90s or high 80s.

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NFT Market Records $158M Weekly Volume, Led by Bitcoin & Ethereum NFTs recorded $158 million in weekly sales volume, marking a 12.7% decline from last week’s $181 million but maintaining strong momentum compared to early November’s $93 million. Ethereum led all blockchains with $49 million in sales, followed by Bitcoin at $43 million and Solana at $23.9 million. Despite the dip in sales, Solana saw a surge in buyer activity, with over 185,000 buyers—a 57.99% increase from the previous week. Source: Cointelegraph

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#Altcoins are in a bull cycle, but how to handle flash crashes? Today has shown that altcoins are super volatile. They are able to drop by 10% when $BTC sneezes. They are certain strategies that you can follow through those times. Let's discuss flash crashes on #Altcoins. ⬇️ The markets are trending upwards, however, the sentiment can change in the blink of an eye. Some bigger altcoins have been running upwards by more than 200% in a single week, erasing the bear market of the past three years in a single week. Don't get me wrong. We're in the same stage as in 2020, through which the sentiment is still overly bearish and therefore, the potential expectations for peak bull market valuations for those altcoins are also ridiculously low. I don't expect Bitcoin to peak at $150K, I rather expect Bitcoin to peak at $500K and I tend to believe that we'll have a longer cycle due to the insane amount of liquidity being added to the markets + the trend switch on macroeconomics yet to happen. Now, back to altcoins. ➡️They are super illiquid and when the sentiment is positive, people tend to overleverage themselves on illiquid assets to make more money. Simple. This means that, once the markets are rotating, the long positions are getting liquidated/stopped out, however, the liquidity that comes back into the order books through those forced sells is way larger than what the markets can absorb. Especially in an event where Bitcoin makes it standard 5-10% correction on a day to take the liquidity on the long side. This is likely going to cause a chainreaction across markets with deep wicks of corrections of 20-40% on the markets for altcoins. That's where they come from and that's what I mean by 'flash crashes'. What are strategies for those periods? 1 - The best thing is to be patient and to accumulate your altcoin positions NOW. In this accumulation period is the easiest period to be building those positions as the markets haven't gone vertical, yet.

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🔮 Crypto Flash 🔮 🔸24 hours🔸 -BTC: hold -altcoin: sell 🔹Bitcoin dominance is high, and extreme greed suggests the possibility of short-term volatility, making it prudent to hold Bitcoin. Altcoins are underperforming and are unlikely to see gains in such a market environment, making selling a better option. 🔸1 week🔸 -BTC: hold -altcoin: sell 🔹The market remains in a Bitcoin Season, where Bitcoin outperforms altcoins. With altcoins continuing to lose ground relative to Bitcoin, holding BTC and selling altcoins seems to be the most practical strategy. 🔸1 month🔸 -BTC: hold -altcoin: hold 🔹A period of consolidation may begin as the market stabilizes. Bitcoin dominance could pause, and some altcoins may start to regain momentum, suggesting a neutral stance by holding both is appropriate. 🔸1 year🔸 -BTC: buy -altcoin: hold 🔹Bitcoin sets new highs over a longer-term horizon during market cycles, supporting a buy strategy for BTC. Altcoins often perform better during Altcoin Season, but their recovery typically follows Bitcoin’s lead, making holding them a reasonable approach.

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The price target of this #Bitcoin falling wedge is $160,000! ITS TIME✅️ TO JOIN THE BEST FREE TRADING GROUP

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