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BecomeCretor
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$BTC fluctuating too much and with this whole market. Really it's bad retesting that $BTC set trend. Some traders who are smart are get good profit and some of them are liquidated ... Technical Analysis Report: $BTC /USDT Current Price: $58,237.93 Resistance: $58,475.37 Support: $57,966.12 Long Trade: Enter above $58,475.37 with targets at $58,915.18 and $59,849.38, and stop loss at $57,966.12. Short Trade: Enter below $57,966.12 with targets at $57,526.31 and $56,078.54, and stop loss at $58,475.37. #BecomeCretor
$BTC fluctuating too much and with this whole market. Really it's bad retesting that $BTC set trend. Some traders who are smart are get good profit and some of them are liquidated ...
Technical Analysis Report: $BTC /USDT
Current Price: $58,237.93
Resistance: $58,475.37
Support: $57,966.12
Long Trade: Enter above $58,475.37 with targets at $58,915.18 and $59,849.38, and stop loss at $57,966.12.
Short Trade: Enter below $57,966.12 with targets at $57,526.31 and $56,078.54, and stop loss at $58,475.37. #BecomeCretor
$SOL A recent surge in the #Solana meme coin Sharbi (SHARBI) has drawn attention as it skyrocketed by 1,184% within a week, even amid a generally bearish market. However, concerns about this token are rising due to its extremely low liquidity, which stands at just 0.13% against its $4.57 million market capitalization. The daily trading volume is also minimal, reflecting limited organic interest. This sharp increase in value is likely driven by hype and a recent contract migration and airdrop, making it highly volatile and risky for investors. Despite the hype, caution is advised as the token's low liquidity makes it vulnerable to significant price swings, and investors could face challenges cashing out in a market downturn. Meanwhile, Solana's price shows signs of stabilization, potentially leading to a bullish recovery if it can breach the $156 resistance level. However, failure to do so could invalidate the bullish outlook, keeping $SOL in a consolidation phase below this level. For those interested in the meme coin space, it's essential to distinguish between genuine opportunities and those driven by short-term hype and speculative trading. The recent rise of #SHARBI serves as a reminder of the risks associated with low-liquidity tokens, especially in a volatile market environment. Investors should approach such tokens with caution and be prepared for the potential of rapid losses. #BecomeCretor {spot}(SOLUSDT) {spot}(FORUSDT)
$SOL A recent surge in the #Solana meme coin Sharbi (SHARBI) has drawn attention as it skyrocketed by 1,184% within a week, even amid a generally bearish market. However, concerns about this token are rising due to its extremely low liquidity, which stands at just 0.13% against its $4.57 million market capitalization. The daily trading volume is also minimal, reflecting limited organic interest. This sharp increase in value is likely driven by hype and a recent contract migration and airdrop, making it highly volatile and risky for investors. Despite the hype, caution is advised as the token's low liquidity makes it vulnerable to significant price swings, and investors could face challenges cashing out in a market downturn. Meanwhile, Solana's price shows signs of stabilization, potentially leading to a bullish recovery if it can breach the $156 resistance level. However, failure to do so could invalidate the bullish outlook, keeping $SOL in a consolidation phase below this level.
For those interested in the meme coin space, it's essential to distinguish between genuine opportunities and those driven by short-term hype and speculative trading. The recent rise of #SHARBI serves as a reminder of the risks associated with low-liquidity tokens, especially in a volatile market environment. Investors should approach such tokens with caution and be prepared for the potential of rapid losses.
#BecomeCretor
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed. Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon. The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm. At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change? Stay tuned. $BTC #BecomeCretor
Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.
Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.
The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.
At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?
Stay tuned. $BTC #BecomeCretor
#BecomeCretor 🪙Bitcoin's drop below $58,000 in past instances has typically been attributed to a few key factors: 1. **Regulatory Concerns**: Heightened regulatory scrutiny from various countries, especially the U.S. and China, has often spooked investors. Announcements of potential crackdowns or unfavorable policies, such as China's repeated bans on crypto-related activities or the U.S. considering more stringent tax reporting requirements, can trigger sell-offs. 2. **Market Sentiment and Liquidations**: Sudden drops in Bitcoin's price can be exacerbated by cascading liquidations in leveraged positions. When prices fall sharply, traders with high leverage might face margin calls, leading to forced selling, which further drives the price down. Negative sentiment or fear in the market can amplify this effect. 3. **Macroeconomic Factors**: Broader economic trends, such as inflation fears, shifts in investor focus towards traditional assets, or concerns about economic stability, can lead to reduced demand for Bitcoin. In periods of market uncertainty, investors might move to less volatile assets, contributing to Bitcoin's price decline. These factors, combined with market dynamics, often play a crucial role in significant price drops.#BitcoinTherapist #bitcoinnewsupdate
#BecomeCretor 🪙Bitcoin's drop below $58,000 in past instances has typically been attributed to a few key factors:
1. **Regulatory Concerns**: Heightened regulatory scrutiny from various countries, especially the U.S. and China, has often spooked investors. Announcements of potential crackdowns or unfavorable policies, such as China's repeated bans on crypto-related activities or the U.S. considering more stringent tax reporting requirements, can trigger sell-offs.
2. **Market Sentiment and Liquidations**: Sudden drops in Bitcoin's price can be exacerbated by cascading liquidations in leveraged positions. When prices fall sharply, traders with high leverage might face margin calls, leading to forced selling, which further drives the price down. Negative sentiment or fear in the market can amplify this effect.
3. **Macroeconomic Factors**: Broader economic trends, such as inflation fears, shifts in investor focus towards traditional assets, or concerns about economic stability, can lead to reduced demand for Bitcoin. In periods of market uncertainty, investors might move to less volatile assets, contributing to Bitcoin's price decline.
These factors, combined with market dynamics, often play a crucial role in significant price drops.#BitcoinTherapist #bitcoinnewsupdate
#BecomeCretor 📢At the recent Harris Town Hall meeting on cryptocurrency, several key highlights and issues were discussed. A significant focus was on the regulatory environment, with participants expressing concerns over the lack of clear guidelines from government bodies. This ambiguity has caused uncertainty among crypto investors and businesses, hindering innovation and adoption. Another critical issue raised was the security of crypto assets. Attendees highlighted the growing number of hacks and scams, emphasizing the need for better security measures and education to protect users. The volatility of the cryptocurrency market was also a major point of discussion, with some participants advocating for the creation of stablecoins to mitigate risks. The town hall also addressed the potential of blockchain technology beyond cryptocurrency, discussing its applications in supply chain management, voting systems, and other sectors. However, there was a consensus on the need for increased public awareness and understanding of crypto and blockchain technologies. In conclusion, while the Harris Town Hall meeting recognized the potential benefits of cryptocurrency, it underscored the urgent need for clearer regulations, enhanced security, and broader education to ensure the safe and effective adoption of these technologies.#BitcoinTherapist #bitcoinnewsupdate
#BecomeCretor 📢At the recent Harris Town Hall meeting on cryptocurrency, several key highlights and issues were discussed. A significant focus was on the regulatory environment, with participants expressing concerns over the lack of clear guidelines from government bodies. This ambiguity has caused uncertainty among crypto investors and businesses, hindering innovation and adoption.
Another critical issue raised was the security of crypto assets. Attendees highlighted the growing number of hacks and scams, emphasizing the need for better security measures and education to protect users. The volatility of the cryptocurrency market was also a major point of discussion, with some participants advocating for the creation of stablecoins to mitigate risks.
The town hall also addressed the potential of blockchain technology beyond cryptocurrency, discussing its applications in supply chain management, voting systems, and other sectors. However, there was a consensus on the need for increased public awareness and understanding of crypto and blockchain technologies.
In conclusion, while the Harris Town Hall meeting recognized the potential benefits of cryptocurrency, it underscored the urgent need for clearer regulations, enhanced security, and broader education to ensure the safe and effective adoption of these technologies.#BitcoinTherapist #bitcoinnewsupdate
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