fencojay1
@Square-Creator-624968440
Crypto Developer/ Promote
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Here’s the latest crypto news in brief:
📉 Market Trends
$BTC
Bitcoin (BTC): Down 0.49%, trading at $94,535.
$ETH
Ethereum (ETH): Dropped 1.49%, priced at $3,262.
$SOL
Solana (SOL): Fell by 3.46%, now $185.50.
🏛️ Regulatory Updates
U.S. regulators propose stronger protections, including requiring crypto platforms to reimburse users for hacks.
🔒 Security Concerns
Over $2M in crypto stolen via fake job offers and phishing scams.
📊 Key Analysis
Bitcoin hit $100K recently but slipped to $94.5K, with support at $92K and resistance at $100K.
💼 Investment Trends
New ETFs focused on altcoins like Solana and XRP are gaining traction after Bitcoin ETF success.
Stay cautious in the volatile crypto market! 🚀
BTC code below:
Claim Reward Here 💥💯
Code : BPXPAI7MJ1
👉Red Packet Quiz
#ShareYourTrade #reducecryptotax #BinanceAlphaAlert #BinanceSquareTalks #BinanceSquareFamily
📉 Market Trends
$BTC
Bitcoin (BTC): Down 0.49%, trading at $94,535.
$ETH
Ethereum (ETH): Dropped 1.49%, priced at $3,262.
$SOL
Solana (SOL): Fell by 3.46%, now $185.50.
🏛️ Regulatory Updates
U.S. regulators propose stronger protections, including requiring crypto platforms to reimburse users for hacks.
🔒 Security Concerns
Over $2M in crypto stolen via fake job offers and phishing scams.
📊 Key Analysis
Bitcoin hit $100K recently but slipped to $94.5K, with support at $92K and resistance at $100K.
💼 Investment Trends
New ETFs focused on altcoins like Solana and XRP are gaining traction after Bitcoin ETF success.
Stay cautious in the volatile crypto market! 🚀
BTC code below:
Claim Reward Here 💥💯
Code : BPXPAI7MJ1
👉Red Packet Quiz
#ShareYourTrade #reducecryptotax #BinanceAlphaAlert #BinanceSquareTalks #BinanceSquareFamily
30-07-2015
**Ethereum (ETH) - A Deep Dive**
$ETH
**Introduction**
Ethereum has solidified its status not just as a cryptocurrency but as a platform for decentralized applications (dApps) and smart contracts. Its native token, Ether (ETH), is central to operations on the network, functioning both as a currency and a resource for computational services.
**Recent Developments**
One of the most anticipated updates for Ethereum is the Pectra upgrade, scheduled for February 2025. This upgrade aims to introduce several enhancements, including potentially removing gas fees for users, which would significantly boost user adoption by making transactions more straightforward. Another pivotal development is the Holocene Network Upgrade for Optimism, which occurred on January 9, 2025, further improving the scalability and user experience of Ethereum's Layer 2 scaling solutions.
**On-Chain Activity**
Recent data shows a surge in on-chain activity on Ethereum. According to Etherscan, the number of active addresses has seen a consistent increase, with daily transactions hovering around 1.2 million. This uptick indicates growing confidence and usage in the Ethereum network, with a particular emphasis on DeFi applications and NFT marketplaces. The total value locked (TVL) in Ethereum-based DeFi protocols has also seen a rise, currently standing at around $50 billion, reflecting a robust ecosystem growth.
**Market Performance**
In terms of market performance, ETH has shown resilience. As of the latest data, ETH is trading at approximately $3,200, up 15% from the beginning of the year. This growth can be attributed to several factors, including ETF inflows where Ethereum now sees inclusion in various digital asset funds, enhancing its legitimacy in traditional finance eyes. The market cap of Ethereum stands at about $370 billion, maintaining its position as the second-largest cryptocurrency by market cap.
**Challenges and Competition**
Despite its successes, Ethereum ( $ETH ) faces challenges. High transaction fees during network congestion remain a deterrent for some users, although layer 2 solutions are addressing this. Competition from other blockchains like Solana and Cardano, which offer faster transactions at lower costs, is also intensifying. However, Ethereum's extensive developer community and the continuous improvement of its ecosystem through upgrades like EIP-4844 (proto-danksharding) in the past year, keep it at the forefront of blockchain technology.
**Conclusion**
Ethereum's roadmap for 2025 looks promising with significant upgrades on the horizon that aim to solve scalability and usability issues. While it navigates through the challenges posed by competition and internal limitations, the ongoing development and adoption of Ethereum suggest it will continue to play a critical role in the future of blockchain and decentralized finance. The community's engagement and Ethereum's adaptability to market needs will be key to sustaining its growth trajectory.
#eth #binanacesquare
#cryptouniverseofficial
#Write2Earn
#BullishMomentum
**Introduction**
Ethereum has solidified its status not just as a cryptocurrency but as a platform for decentralized applications (dApps) and smart contracts. Its native token, Ether (ETH), is central to operations on the network, functioning both as a currency and a resource for computational services.
**Recent Developments**
One of the most anticipated updates for Ethereum is the Pectra upgrade, scheduled for February 2025. This upgrade aims to introduce several enhancements, including potentially removing gas fees for users, which would significantly boost user adoption by making transactions more straightforward. Another pivotal development is the Holocene Network Upgrade for Optimism, which occurred on January 9, 2025, further improving the scalability and user experience of Ethereum's Layer 2 scaling solutions.
**On-Chain Activity**
Recent data shows a surge in on-chain activity on Ethereum. According to Etherscan, the number of active addresses has seen a consistent increase, with daily transactions hovering around 1.2 million. This uptick indicates growing confidence and usage in the Ethereum network, with a particular emphasis on DeFi applications and NFT marketplaces. The total value locked (TVL) in Ethereum-based DeFi protocols has also seen a rise, currently standing at around $50 billion, reflecting a robust ecosystem growth.
**Market Performance**
In terms of market performance, ETH has shown resilience. As of the latest data, ETH is trading at approximately $3,200, up 15% from the beginning of the year. This growth can be attributed to several factors, including ETF inflows where Ethereum now sees inclusion in various digital asset funds, enhancing its legitimacy in traditional finance eyes. The market cap of Ethereum stands at about $370 billion, maintaining its position as the second-largest cryptocurrency by market cap.
**Challenges and Competition**
Despite its successes, Ethereum ( $ETH ) faces challenges. High transaction fees during network congestion remain a deterrent for some users, although layer 2 solutions are addressing this. Competition from other blockchains like Solana and Cardano, which offer faster transactions at lower costs, is also intensifying. However, Ethereum's extensive developer community and the continuous improvement of its ecosystem through upgrades like EIP-4844 (proto-danksharding) in the past year, keep it at the forefront of blockchain technology.
**Conclusion**
Ethereum's roadmap for 2025 looks promising with significant upgrades on the horizon that aim to solve scalability and usability issues. While it navigates through the challenges posed by competition and internal limitations, the ongoing development and adoption of Ethereum suggest it will continue to play a critical role in the future of blockchain and decentralized finance. The community's engagement and Ethereum's adaptability to market needs will be key to sustaining its growth trajectory.
#eth #binanacesquare
#cryptouniverseofficial
#Write2Earn
#BullishMomentum
See original
Join the Saoge Binance chat room to find the password
独领风骚必暴富
--
It's the weekend, everyone remember to take advantage of the low liquidity during the weekend for some rebates!
Those who haven't joined the exclusive Binance chat room for Saoge can join now!
骚哥币安专属聊天室点此直接进
Chat about the market anytime, anywhere!
Saoge's 20% discount on trading fees latest Binance referral link:
https://www.marketwebb.ac/join?ref=SO0N4UQV (copy and paste in the browser to register directly)
Saoge's exclusive Binance invitation code: SO0N4UQV
$ETH
$BNB
$SOL
Those who haven't joined the exclusive Binance chat room for Saoge can join now!
骚哥币安专属聊天室点此直接进
Chat about the market anytime, anywhere!
Saoge's 20% discount on trading fees latest Binance referral link:
https://www.marketwebb.ac/join?ref=SO0N4UQV (copy and paste in the browser to register directly)
Saoge's exclusive Binance invitation code: SO0N4UQV
$ETH
$BNB
$SOL
See original
Doubling is very easy
To be honest, Uni is still very reliable. Every round of rise, it won't be missed. After all, it's the leader in dex. If you need to get in, get in. Being stuck means the profit is about to start. I can't speak for other coins, but Uni is still quite good. This wave should easily double. $UNI #非农数据大幅超出预期
See original
Doubling is easy
To be honest, Uni is still very reliable. Every round of rise, it won't be missed. After all, it's the leader in dex. If you need to get in, get in. Being stuck means the profit is about to start. I can't speak for other coins, but Uni is still quite good. This wave should easily double. $UNI #非农数据大幅超出预期
See original
Waiting to get rich in a bull market
$BTC The holding line rises at a 60-degree angle and increases in volume. The time-sharing line finally jumps. Buy
1. The K-line has a small negative and positive trend in recent days
2. The holdings are reduced slightly every day
3. The trading volume is not large in recent days
Principles in trading
Strict entry and loose exit: Be firm when entering the market, do not enter the market when you are hesitant, close the position and leave the market when you have doubts, regard every pause as a head, exit the market with profit first, and enter the market again when you understand it.
Entering and exiting the market should be completely based on system signals, and be executed unswervingly. Keep records: price, time, potential income, risk, success rate, actual profit and loss:
Summary in time: Don't think you are smarter than the system.
Don't be afraid, don't be greedy, don't be quick to make money, don't be smart, don't copy the bottom, don't touch the top
Be willing to win, willing to lose, and good at losing.
#BIGTIME.智能策略库🥇🥇
1. The K-line has a small negative and positive trend in recent days
2. The holdings are reduced slightly every day
3. The trading volume is not large in recent days
Principles in trading
Strict entry and loose exit: Be firm when entering the market, do not enter the market when you are hesitant, close the position and leave the market when you have doubts, regard every pause as a head, exit the market with profit first, and enter the market again when you understand it.
Entering and exiting the market should be completely based on system signals, and be executed unswervingly. Keep records: price, time, potential income, risk, success rate, actual profit and loss:
Summary in time: Don't think you are smarter than the system.
Don't be afraid, don't be greedy, don't be quick to make money, don't be smart, don't copy the bottom, don't touch the top
Be willing to win, willing to lose, and good at losing.
#BIGTIME.智能策略库🥇🥇
See original
Smart Strategy Library
$BTC The holding line rises at a 60-degree angle and increases in volume. The time-sharing line finally jumps. Buy
1. The K-line has a small negative and positive trend in recent days
2. The holdings are reduced slightly every day
3. The trading volume is not large in recent days
Principles in trading
Strict entry and loose exit: Be firm when entering the market, do not enter the market when you are hesitant, close the position and leave the market when you have doubts, regard every pause as a head, exit the market with profit first, and enter the market again when you understand it.
Entering and exiting the market should be completely based on system signals, and be executed unswervingly. Keep records: price, time, potential income, risk, success rate, actual profit and loss:
Summary in time: Don't think you are smarter than the system.
Don't be afraid, don't be greedy, don't be quick to make money, don't be smart, don't copy the bottom, don't touch the top
Be willing to win, willing to lose, and good at losing.
#BIGTIME.智能策略库🥇🥇
1. The K-line has a small negative and positive trend in recent days
2. The holdings are reduced slightly every day
3. The trading volume is not large in recent days
Principles in trading
Strict entry and loose exit: Be firm when entering the market, do not enter the market when you are hesitant, close the position and leave the market when you have doubts, regard every pause as a head, exit the market with profit first, and enter the market again when you understand it.
Entering and exiting the market should be completely based on system signals, and be executed unswervingly. Keep records: price, time, potential income, risk, success rate, actual profit and loss:
Summary in time: Don't think you are smarter than the system.
Don't be afraid, don't be greedy, don't be quick to make money, don't be smart, don't copy the bottom, don't touch the top
Be willing to win, willing to lose, and good at losing.
#BIGTIME.智能策略库🥇🥇
See original
The Cloud Path Leads Far
Review and Insights on Non-Farm Night Trading
Last night's non-farm payroll market was like a dramatic financial play, allowing every trader involved to experience a thrilling roller coaster journey.
Thank you for your attention, likes, shares, and support - inviting you to participate in this red envelope event.
At the moment the non-farm data was released, the negative news was like a heavy bomb, instantly igniting the bearish sentiment in the market. The price began to plummet from the high of 95180, falling to 92200 without any resistance, a drop of nearly 3000 points, which made many bears cheer, while the bulls fell into despair. This wave of decline fully showcased the tremendous impact of non-farm data on the market and the drastic change in market sentiment at the moment the data was released.
Thank you for your attention, likes, shares, and support - inviting you to participate in this red envelope event.
At the moment the non-farm data was released, the negative news was like a heavy bomb, instantly igniting the bearish sentiment in the market. The price began to plummet from the high of 95180, falling to 92200 without any resistance, a drop of nearly 3000 points, which made many bears cheer, while the bulls fell into despair. This wave of decline fully showcased the tremendous impact of non-farm data on the market and the drastic change in market sentiment at the moment the data was released.
See original
9 PM
Crypto-爱币斯坦
--
The live broadcast will continue at 9 PM tonight. Team members and students have arrived at the club. After days of discussion and communication, everyone will gather tonight. After dinner, Teacher Xiaobo (@BTB投研 ) will take everyone to appreciate the real-life version of 'Spirited Away' at Hongyadong, the Grand Theater, and enjoy the beautiful view of the confluence of the Yangtze River and Jialing River. Tonight's live broadcast cannot be attended.
The content of tonight's live broadcast is roughly as follows:
1. Recent trend prediction for Bitcoin
2. How to profit from altcoin investments
3. Expectations for the Fed's interest rate cuts have decreased, how to interpret this
4. Trump's inauguration on the 20th: positive and negative impacts
5. Communication among crypto enthusiasts
If any crypto enthusiasts have other topics they want to discuss, please leave a message in the comments.
The content of tonight's live broadcast is roughly as follows:
1. Recent trend prediction for Bitcoin
2. How to profit from altcoin investments
3. Expectations for the Fed's interest rate cuts have decreased, how to interpret this
4. Trump's inauguration on the 20th: positive and negative impacts
5. Communication among crypto enthusiasts
If any crypto enthusiasts have other topics they want to discuss, please leave a message in the comments.
See original
View strategy and make plans
$BTC isosceles triangle arrangement, keep your distance
1. A period of decline, the K-line initially stops falling, and there is a shift between bulls and bears.
2. A period of rise, the K-line initially stops rising, and there is a shift between bulls and bears.
The more frequent the trading, the easier it is to make mistakes.
If you cannot find opportunities or do not understand, do not open a position; coming in and out frequently makes it easier to make mistakes.
Do not easily open a position; once a position is opened, do not easily close it. The prerequisite is to ensure the direction is correct; if you are wrong but hold on, you can face quick liquidation.
Channel closure relies on the edge line, three lines converge on the green line, buy
1. On the 3-minute K-line chart, the descending channel is closed, and the 5, 10, and 20 moving averages are flat and converging, approaching the green 60 moving average.
2. On the 5-minute K-line chart, the green 60 moving average is starting to flatten out or has already flattened out.
What to do when technical analysis and fundamentals diverge
Even if the technical analysis is good, if it diverges from the fundamentals, it may actually be the best opportunity for a counter-trend operation, allowing for heavy positions against the market.
#APT.智能策略库 $APT
1. A period of decline, the K-line initially stops falling, and there is a shift between bulls and bears.
2. A period of rise, the K-line initially stops rising, and there is a shift between bulls and bears.
The more frequent the trading, the easier it is to make mistakes.
If you cannot find opportunities or do not understand, do not open a position; coming in and out frequently makes it easier to make mistakes.
Do not easily open a position; once a position is opened, do not easily close it. The prerequisite is to ensure the direction is correct; if you are wrong but hold on, you can face quick liquidation.
Channel closure relies on the edge line, three lines converge on the green line, buy
1. On the 3-minute K-line chart, the descending channel is closed, and the 5, 10, and 20 moving averages are flat and converging, approaching the green 60 moving average.
2. On the 5-minute K-line chart, the green 60 moving average is starting to flatten out or has already flattened out.
What to do when technical analysis and fundamentals diverge
Even if the technical analysis is good, if it diverges from the fundamentals, it may actually be the best opportunity for a counter-trend operation, allowing for heavy positions against the market.
#APT.智能策略库 $APT
See original
Newcomers should try to play contracts less
$ETH When you don't understand the market, look at a larger time frame, and you will see a lot more clearly. However, the contract market provides too much leverage for everyone, and people are eager to profit, so the leverage keeps increasing, and the time frames keep getting smaller, ultimately getting stuck in the mud of frequent trading and huge drawdowns. When you look back, the market was just oscillating at the 4h level, with not much fluctuation, but your position is gone.
The trading cycle itself is not inherently risky, and high leverage does not necessarily mean risk. However, for most people who lack sufficient trading experience, understanding, and training, it's best to avoid leverage and start with larger time frames.
The trading cycle itself is not inherently risky, and high leverage does not necessarily mean risk. However, for most people who lack sufficient trading experience, understanding, and training, it's best to avoid leverage and start with larger time frames.
104500
Brothers, the price of Bitcoin will return to above 104,500 around the 20th to 25th, and it is expected to hit 110,000 US dollars by the end of the month. I just want to ask you whether you believe it or not. Just do it if you are optimistic about it. . .
See original
yes
Sai x Keith
--
Good morning
The discharge has been postponed to next Tuesday. I believe everything is for the best arrangement.
The discharge has been postponed to next Tuesday. I believe everything is for the best arrangement.
See original
Keep it up
There isn't much to say about today's market, the fluctuations are small and it’s quite boring with ups and downs, and most altcoins are also struggling to rebound! Currently, Bitcoin has reached a high of 94,757 and has pulled back to the middle band of the 1-hour Bollinger Bands. If it fails to maintain the middle band of the 1-hour Bollinger Bands by the time it closes, there is a high probability that it will continue to move down, so pay attention to the key support at 93,915! Overall, it’s currently leaning towards being volatile, with no significant probabilities. If Bitcoin can hold its ground at this level, then it can start to gain strength at the 1-hour level! After all, from the current perspective, the 4-hour chart is not showing weakness! So let's wait for the 1-hour close at 10 o'clock!
🤝🐯🧡
TIGRE_48
--
🛑 To avoid scams ✋
• It is important to read the automatic Warning messages that Binance gives you ⚠️.
• In this case, when copying a link that may be dangerous, the system will tell us :
⚠️ The content you copied contains links that are not affiliated with or verified by Binance. Proceed with caution ⚠️
• Thanks for the support 🤝🐯🧡
• It is important to read the automatic Warning messages that Binance gives you ⚠️.
• In this case, when copying a link that may be dangerous, the system will tell us :
⚠️ The content you copied contains links that are not affiliated with or verified by Binance. Proceed with caution ⚠️
• Thanks for the support 🤝🐯🧡
See original
Follow Saoge to learn position control and continuously grow through the New Year
独领风骚必暴富
--
Sleep and have good luck🧧
Make steady progress and make steady profits! Welcome a beautiful life with a good attitude!
$BNB
Make steady progress and make steady profits! Welcome a beautiful life with a good attitude!
$BNB
BTC
Research Bitcoin
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.
See original
Investment Research
Research Bitcoin
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.
See original
Investment Research Currency
Research Bitcoin
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.