Are you planning to short $BTC today? How low will it go to | UserAshDosed on Binance Square

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Are you planning to short $BTC  today? How low will it go today after rate cut decisions?

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$BNB on the rise! Binance Coin (BNB) continues to grow in popularity, with increasing adoption and use cases. What's your take on BNB's future potential? #BNB #Binance #Crypto

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Trade Idea. Short $ZEN . This coin has been on the run for the past week. Huge pumping going on this counter right now. I'm saying that this coin is going to get into the correction phase today or tomorrow. RSI is over 80 in daily timeframe. Book profits if you are holding some of these coins before it is going to be dumped heavily. Short it's futures to make huge profit. I personally am short side from now. FYI: Do your own research before making any trade decisions.

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#ReboundRally $XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels. The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.32 level. The first major resistance is near the $2.35 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.50 resistance.

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#MarketRebound Historically, Bitcoin has often experienced a "Santa Claus rally," with price increases during the holiday season. From 2014 to 2023, the cryptocurrency market saw such rallies 80% of the time, with Bitcoin's post-Christmas gains ranging from 0.33% to 10.86%. This year, Bitcoin reached an all-time high of over $108,000 in mid-December but has since declined by more than 15%, hitting new lows for the month. As of December 25, 2024, Bitcoin is trading at approximately $98,548, reflecting a 5.39% increase from the previous close. While historical trends suggest the possibility of a post-Christmas rebound, the cryptocurrency market is highly volatile and influenced by various factors, including macroeconomic conditions and investor sentiment. Therefore, past performance does not guarantee future results.

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