🚀 As 2024 comes to a close, Bitcoin remains at the forefron | Kerry Lee on Binance Square

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🚀 As 2024 comes to a close, Bitcoin remains at the forefront of global finance. With shifting macro trends and increasing institutional interest, the upcoming year could see new milestones.
📊 Keep an eye on regulatory developments, adoption rates, and market cycles for key insights.
#BTCOutlook 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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Will This Christmas Spark a Crypto Boom or Bust? Holiday Trading Secrets You Can’t Miss!

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$LPT Pumping? Here’s Why You Should SHORT It NOW for Quick Profits! Another signal based on one of my previous posts about corrections after pumps. 🚨 Trade Idea: Shorting LPT 🚨 Overview: LPT (Livepeer) is trading at $16 and showing signs of weakness despite its recent price growth. Open Interest (OI) is declining, which suggests that the upward momentum may lack strength, and buyers might be losing confidence. This divergence between price action and OI presents a solid shorting opportunity. 📈 Trading Plan: 1. Entry Point: • Short LPT around the $15.80–$16.20 range (current levels). 2. Stop Loss: • Set a stop loss at $16.80 to protect against a breakout. 3. Targets: • First Take Profit (TP1): $14.80 (initial pullback zone, ~7.5% profit). • Second Take Profit (TP2): $13.50 (support area, ~15.6% profit). • Final Take Profit (TP3): $12.50 (major support, ~21.8% profit). 4. Risk Management: • Keep your risk-to-reward ratio above 1:3. • Risk 1–2% of your capital for controlled exposure. 5. Position Sizing: • Calculate your position size based on your risk tolerance and stop loss. 📊 Why Short LPT? • Divergence: Price is increasing, but Open Interest is falling, which signals weaker buying pressure and possible long liquidations. • Overextended Rally: Recent price movements suggest LPT is nearing resistance zones. • Market Context: If broader crypto sentiment remains neutral or bearish, LPT may retrace quickly. 🚨 Key Warnings: • Monitor the broader crypto market sentiment closely; unexpected Bitcoin moves could invalidate this setup. • Avoid overleveraging—liquidation risks are high in volatile markets. • Be ready to adapt your plan if volume or OI suddenly shifts. This is not financial advice—always do your own research before executing trades. Stay disciplined, and happy trading!

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🔥 This $ZEN Setup Could Earn You Quick Profits – Don’t Miss the Opportunity to Short at $30! 🚨 📉 Trading Idea: Shorting ZEN (Horizen) 🔍 Setup: • Current Price: $30 • Key Observation: Price is increasing, but Open Interest (OI) is declining. This divergence suggests bullish momentum is weakening and long positions are being closed rather than new buyers stepping in. 🎯 Trading Plan: 1. Entry Point: Short ZEN near $30–$31, waiting for confirmation of resistance around this level. 2. Stop Loss: Tight SL at $32 to limit risk in case of an unexpected breakout. 3. Target: • First Take Profit (TP1): $28 (previous support). • Second Take Profit (TP2): $26 for extended downside. 📊 Risk Management: • Position size should limit risk to no more than 2% of your trading capital. • Monitor funding rates and market sentiment for further confirmation. 💡 Quick Tip: This is a short-term scalp idea. Watch for sharp reversals or changes in volume and adjust accordingly.

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Crypto Market Pullback: Is It Time to Buy the Dip or Stay Cautious?

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Bitcoin trading around $97K marks an exciting yet pivotal stage in its market cycle. Here’s my updated take on its next potential moves: Bullish Case: Path to New Highs 1. Momentum from $100K Breakthrough: Breaking the psychological $100K level has attracted fresh retail and institutional interest, potentially fueling another rally. 2. Institutional Demand: With spot ETFs gaining traction, capital inflows from traditional markets are likely to sustain upward momentum. 3. Macro Tailwinds: Increased adoption in emerging markets, combined with easing inflation fears, could drive BTC higher. Immediate targets could range between $110K–$120K, with $150K in sight during the next major wave. Bearish Case: A Needed Correction? 1. Overheating Signals: RSI and other technical indicators suggest BTC is nearing overbought territory, raising the probability of a pullback. 2. Profit-Taking Pressure: After such rapid gains, short-term corrections are natural as traders lock in profits. 3. Key Levels to Watch: A drop below $90K could bring BTC back to $80K support, with stronger buyers likely stepping in at $75K if the correction deepens. Neutral Outlook: Consolidation Phase BTC may consolidate between $90K–$100K, allowing the market to cool off before resuming its uptrend. Such periods often build strong bases for long-term growth. Conclusion I’m leaning bullish over the medium term, especially with institutional involvement increasing. However, a short-term correction or consolidation around current levels is healthy and expected after such a historic run. Keeping an eye on macroeconomic factors and key support levels will be crucial. What’s your take? Are you holding, trading, or waiting for better entry points? #BTCNextMove

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