Today's sharp drop in BIO coin may be due to several major factors. # 1. Selling pressure after listing on a large platform (Binance Launchpool) When a new coin is listed on a major platform like Binance, there is a huge influx of early investors who have acquired the coin through activities like mining or rewards. These investors often rush to sell the currency to take profits, leading to strong selling pressure and a price decline.
Non-farm payrolls (NFP) data is one of the most influential economic indicators in traditional markets, especially forex and stocks. Its connection to cryptocurrency markets has become more evident in recent times as the traditional and digital financial system become more intertwined. Does NFP data affect cryptocurrencies?
Today, the cryptocurrency market witnessed significant activity on the $BTC /$BNB pair, one of the main pairs on the Binance platform. This pair reflects the performance of Bitcoin (BTC) against Binance Coin (BNB), making it an important tool for understanding the relationship between the two currencies.
Bitcoin (BTC) Performance: Bitcoin, the world’s largest cryptocurrency, rose by 2.3% today to reach $37,500. This move comes after increased trading volumes in spot and derivatives markets. Technical indicators indicate that Bitcoin is holding above key support levels at $36,800, keeping the bullish momentum intact. Recent institutional buying and increased interest in Bitcoin futures were key factors in supporting the price.
Binance Coin (BNB) Performance: In contrast, BNB saw a slight increase of 0.6%, settling at $240. This rise was supported by increased activity on the Binance Smart Chain and the launch of new projects on it. However, BNB faces strong resistance at the $250 level, as the market shows some hesitation to surpass it due to factors related to general market volatility.
The view that the market maker controls prices without regard to resistances and analysis reflects a somewhat realistic view, but it is not comprehensive. The market maker has the ability to influence prices, but he does not operate in a vacuum. His movements are influenced by factors such as liquidity, supply and demand, and the behavior of other traders, including their reliance on technical and psychological analysis. Resistances and supports are not just illusions, but a reflection of the behavioral patterns of market participants. Even the market maker takes them into account to determine the points of accumulation or disposal. Technical analysis is not a guarantee of profit, but a tool for understanding the market’s probabilities. If everyone ignores analysis, the market may become more chaotic, but with it, there is a general framework that helps in forecasting.
Lyle Cohan qlSv
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Oh man, no rejection, no resistance. If the market maker wants to go up, he doesn’t care about resistance or anything. It’s all analysis and illusions, and the market maker does whatever he wants.
A market maker has the ability to influence prices, but it does not operate in a vacuum. Its movements are affected by factors such as liquidity, supply and demand, and the behavior of other traders, including their reliance on technical and psychological analysis.
Lyle Cohan qlSv
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Oh man, no rejection, no resistance. If the market maker wants to go up, he doesn’t care about resistance or anything. It’s all analysis and illusions, and the market maker does whatever he wants.
The cryptocurrency market saw a significant decline today, with Bitcoin down 3% to $41,500 on growing concerns about monetary tightening in the US, with the Federal Reserve announcing a possible rate hike in the first quarter of the year.
Ethereum was also affected, falling 2.5% to $3,200, with concerns about a possible delay in the network’s upgrade to Ethereum 2.0. Altcoins such as Solana and Cardano recorded declines ranging between 4-6% due to temporary capital flight to safer assets such as the US dollar and gold. Reports from Glassnode indicate that outflows from exchanges increased by 12%, indicating the possibility of investors turning to long-term storage.
CoinDesk highlighted the effects of statements by Jamie Dimon, CEO of JPMorgan, who described cryptocurrencies as unsustainable in the long term.
As for Binance, one of the largest cryptocurrency exchanges, it has not issued an official statement on this decline. However, the platform published an analytical article explaining that the main reasons behind this decline include the rise in US bond yields, which prompted investors to move away from riskier assets such as cryptocurrencies, in addition to profit-taking after a previous rally.
$BNB Price action analysis suggests a continued decline in BNB as a result of the rejection of a resistance area at the Fibonacci level twice.
The current correction is partly linked to the overall decline in the crypto market due to the influence of Bitcoin. The support area at $607.16 seems to be pivotal as it could see significant buying activity.
If this level is broken, the decline could extend to $572.85 as investors anticipate an attractive buying opportunity in anticipation of a return of bullish momentum. Confirmation of the trend will depend on market data and Bitcoin movement $BTC .
$BNB : According to the analysis, the Relative Strength Index (RSI) value is 54.935, indicating a neutral situation. The MACD indicator shows a buy signal with a value of 0.594, which may indicate a potential upward momentum.
$SOL : The technical analysis shows a buy signal, with 10 indicators suggesting a buy, 7 a sell, and 8 a neutral.
Due to the volatility of the currency market, these indicators should be carefully monitored and informed decisions made based on market analysis and developments.
Indicators reflect a state of great weakness in Bitcoin's performance, as the RSI indicator at 19.5 shows that the currency is in a severe oversold stage, which indicates excessive selling pressure that may lead to either an imminent rebound or a continuation of the decline if the momentum does not change. As for the MACD indicator at -577, it expresses strong negative momentum and a clear downward trend, which indicates that the general trend of the market is not encouraging at the present time. On the other hand, the liquidity indicator at 5.39 reflects a large outflow of funds from the currency, which means increased volatility. These conditions certainly portend challenges in the short term. It should be noted that these indicators express the current state of the market and do not take into account long-term fundamental factors. $BTC
ياسـر
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What is happening with Bitcoin is catastrophic!! For the first time I see the indicators reach this level The RSI indicator reached 19.5 The MACD indicator reached -577 The liquidity indicator reached 5.39, which means liquidity is leaving the currency 😒
Today, the cryptocurrency market witnessed great activity, with a difference in the performance of major currencies such as BTC (Bitcoin) and USDT (Ether).
Bitcoin BTC
Current price: Bitcoin shows positive performance with slight fluctuations within a specific price range, continuing to move above key support levels, indicating upward momentum.
Ether (USDT)
Current price: Ether maintains its stability at around $1, being a stablecoin backed by assets.
Without significant fluctuations, Ether's performance reflects its role as a safe haven during periods of market volatility.
BNB Price Action: Strong Uptrend and Signs of Possible Correction
$BNB has seen a remarkable performance in the past few hours, rising to $728.43, up 3.28%. This strong performance reflects strong bullish momentum amidst heavy trading. The coin recorded a 24-hour high of $735.65 and a low of $704.09. Below is an analysis and forecast of future performance based on available data.
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On Binance, the “Emerging” label is used to classify cryptocurrencies that are typically in their early stages of development and may not yet have a viable product or established user base. These coins are considered more volatile and carry higher investment risks compared to other listed tokens.
In addition, Binance has launched “Binance Alpha” as a new tool for exploring tokens before they are listed on the exchange. This platform serves as a proactive window to explore tokens that have promising potential in the cryptocurrency sector. These tokens are carefully selected based on factors such as community popularity, growing momentum, and how well they align with major market trends.
These platforms and features are part of Binance’s efforts to foster innovation in the blockchain and Web3 space, while giving users early access to projects that could shape the future of the digital economy.
Global financial markets, including the cryptocurrency market, have witnessed significant fluctuations recently. For example, the price of Bitcoin fell by 0.86% during the day, reaching $93,495.
These factors affecting the decline in cryptocurrency prices are due to many things, including:
1. Geopolitical tensions
2. Central bank policies
3. Large institutional moves: such as government agencies or financial institutions selling large amounts of cryptocurrencies, as happened with the German government transferring $172 million worth of Bitcoin to cryptocurrency exchanges, leading to an increase in supply and a decrease in prices.
4. Fluctuations in traditional markets: Declines in stock and bond markets may prompt investors to liquidate their digital holdings to cover losses or reduce risks, etc.
Therefore, it is essential for investors to stay informed and make investment decisions based on a comprehensive analysis of potential risks.
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This is the biggest scam in cryptocurrency history.
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1/ The collapse of Terra (LUNA) represents one of the biggest catastrophes in cryptocurrency history. Once a leading project with a market cap in the billions of dollars, Terra’s fall sent tremors through the industry, wiping out fortunes and shattering confidence.
Dar Look, whoever wants to win in a 10-day night, collecting from the bottom for a 45% bomb This is an example. I did not analyze this currency, but in order to tell you what bottom fishing means and waiting for confirmation before the bomb takes a week or more. Do not let your emotions control you. I testify that I have conveyed and my message is only the beginning
How to multiply your passive income during a bull market
Since Bitcoin hit its latest all-time high, breaking above the $100,000 range, the cryptocurrency market has shown clear signs of recovery and renewed strength. The bull run we are currently in brings immense opportunities for investors looking to take advantage of the moment and optimize their returns. However, it is essential that you have solid strategies that guarantee sustainable profits and minimized risks. One such strategy that is gaining popularity is generating passive income with stablecoins.
The currency has made a lot of noise and its rise will be big in the first days.
Youness el mazned
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Bio coin Guys, 4 days left and it will be listed on the Binance platform. The coin will make a big rise as soon as it is listed. The first platform it will be listed on is the Binance platform. You can earn Bio coin for free by storing the $BNB coin or storing the $FDUSD coin. Take advantage of the opportunity. A good opportunity #المبتديئن #earn Store the coin. Advice for investors and beginners. Don't buy it as soon as the coin goes down. Wait for the sales and buy an hour after the price goes down. I wish everyone good luck and success $FDUSD
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