With the new year approaching, where do you think Bitcoin will go next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! 
*Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.

Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at  2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.

Having traversed the cryptocurrency world for several years, USDT has long been a commonplace part of my asset allocation. Recently, considering the market's unpredictable nature, I decided to head to Hong Kong to cash out my USDT and exchange it for RMB, as we value the safety of profit-taking. This journey has accumulated quite a bit of practical experience, and today I’ll share with my fellow coin friends who follow me.
Before departing for Hong Kong, I sorted through various documents and vital information, including my ID card and Hong Kong and Macau travel permit. I even organized an electronic document detailing past USDT transaction records, as the compliance of fund sources is extremely important in subsequent processes. Although we earn money in the cryptocurrency world, we must never cross the legal red line. While Hong Kong's attitude towards virtual currency transactions is relatively tolerant, regulations like the (Anti-Money Laundering and Counter-Terrorist Financing Ordinance) are serious matters. Any involvement in illegal fund transfers or money laundering, once verified, will result in severe penalties.

There are actually many ways to make money in the cryptocurrency world. As long as you master a few of them, earning U is not a dream! Below, I will share five relatively reliable strategies and see how many you can handle.
Coin Holding Method: Simple but hard to stick to

The coin holding method can be said to be the simplest yet the hardest strategy to maintain. You just need to buy some coins during a bull or bear market and hold them for more than six months or a year without trading. Theoretically, the minimum return can reach ten times. But the problem is that beginners often can't resist wanting to switch coins or sell when they see high returns or a significant price drop. Many people can't even hold on for a month, let alone a year. That's why it is considered the hardest.

On Wednesday, the cryptocurrency market experienced intense fluctuations, with Bitcoin (BTC) prices plummeting from $102K to below $95K, breaking key support levels. Meanwhile, major currencies such as Ethereum (ETH), XRP, and Solana (SOL) were also severely impacted, experiencing significant price drops.
The recent plunge is mainly due to the pressure from soaring U.S. Treasury yields and the latest report from the Institute for Supply Management (ISM). The report shows that the December Purchasing Managers' Index (PMI) for the private sector surged to 54.1, far exceeding November's 52.1, indicating that the pace of economic expansion is beyond expectations, further exacerbating market anxiety.

Because today's intraday market tends to oscillate within a box, the short-term analysis ideas in the early morning remain unchanged.

The overall technical changes of the daily and 12-hour lines are not too big, and the gap still exists (now it seems a bit like a shock instead of an increase), but the 4h line big cake and the second cake simultaneously appear/stand firm in the red TD9, so the day is basically still oscillating in the 3350-3300 area, which also shows that the carrying capacity of this area is still relatively strong. If this area is not broken in a short period of time, the technical repair and adjustment will be made according to the daytime analysis ideas. On the contrary, if only 3300 is effectively broken, then the 4-hour level TD will be lagged, and the subsequent trend will be extremely unilateral.

3000U became 10200U.
What is the long-short contract hedging strategy?
Simply put, one order is to open a long position in Bitcoin, and one order is to open a short position in Ethereum. (Long is bullish, short is bearish)
Two orders with the same multiple and the same position, but different currencies and different directions.
How to play: Play with a capital of 3000U, open a long contract of 500U Bitcoin with a value of 20 times, and open a short contract of 500U Ethereum with a value of 20 times. (Set full position)
Based on past experience, we know that when Bitcoin rises, Ethereum will also rise, but the rise and fall of the two coins are different. For example, if Bitcoin rises by 3%, Ethereum rises by 2%, or if Bitcoin falls by 2%, Ethereum falls by 3%...

Just do intraday trading. Don't leave it overnight. Don't leave it overnight. I say it three times because it is important.

There is a process, losing money is also part of making money, you must find your own trading rhythm. First, exercise your sense of the market, then find your own trading rhythm, and finally form your own trading system and execute it every day. In the long run, there will definitely be positive returns.

Remember, this is a market that eats people and creates myths. It is a paradise for speculators and a hell for gamblers. The 7*24-hour trading time makes people addicted, and the 100-fold leverage makes people crazy. I have experienced a 15-fold increase in one night, and I have also experienced a loss of 40,000 U. Looking back, only I understand the bitterness.

I see many respondents saying they've opened 5x or 10x leverage, claiming that it's already quite small.
I am really speechless. In fact, I want to tell you all, you're all wrong.
Leverage is not calculated this way. The leverage ratio calculated by the platform has nothing to do with you; it’s roughly the proportion affecting the platform’s safety. You should calculate risks based on stop-loss or sufficient principal.
In the crypto world, where volatility is so high, it's best to open positions in phases evenly, with each capital around 10-20%. The total position should be capped at 2 (short) to 4 (long) times the capital. At any given moment, the overall stop-loss risk should be within 20% of the capital (or the psychological actual tolerance must be less than 20%). It is recommended to average the risk over time at 10%, meaning there will be periods of no positions... Some may ask, then why engage in contracts... Haha... To say something that might offend the entire crypto community, do you really want to earn coins or make money? Is there a more flexible speculative tool than contracts? Is U-based trading really useless? As a bear market approaches, what is safer, coins or U? When you spend money, are you spending coins or U?

1. Review the basic gameplay that novices need to know in the cryptocurrency circle The concept of blockchain seems to have become popular all over the world overnight. The cryptocurrency circle that emerged with the blockchain has become a fertile ground for creating countless wealth myths. For a time, almost everyone, whether large or small, turned their attention to this circle, pouring in with a large amount of funds, fearing that they would miss the opportunity if they were a step behind. In fact, as an emerging industry, many investors rushed into the market without knowing anything about blockchain, and naturally they could not escape the fate of being "harvested" in the end. Since we enter the cryptocurrency circle to make money, have you really thought about how to make money in the cryptocurrency circle? Or how to make money more stably in the cryptocurrency circle?

first

1. Fund management must be good. With a leverage of 0-100x, short-term losses are inevitable. The single risk should generally not exceed 2%-3%, and aggressive players should not exceed 5%-8%. If the risk exceeds 8%-10%, the drawdown in the unfavorable period will reach 70%, and the average person's mental breakdown point is around 50%. Fund management must be strictly enforced.
Many people like to trade at 5x or 10x, and their trading level is above 4h. The stop loss at the level above 4h is generally 5%-15%, and the risk of a single transaction has reached 25%. Doing so is like seeking death. To ensure the risk level and high leverage at the same time, the level must be lowered to 1 hour, 15 minutes, or 5 minutes.

If your bank card that received stolen money is frozen, how should you respond to police summons and prevent financial risks?
If you accidentally receive a sum of stolen money, your bank card is frozen, and the police come to you from another province to assist in the investigation, it is really a headache. Don't worry, here are some coping methods and suggestions for preventing financial risks.
First of all, when facing the police's summons, you must actively cooperate. After arriving at the police station, explain the situation truthfully, especially the source and destination of the money. If the police ask you to return the stolen money, then act quickly, after all, this is required by law.