$BTC update $62,500 level needs to hold. Ideally will be l | AltApeAlpha on Binance Square

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$BTC update
$62,500 level needs to hold. 

Ideally will be looking for a bounce off there with #alts to follow shortly after.
#Bitcoin❗ #BitcoinBeliever 

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How tough does one have to be to succeed? In 2014, Zhao Changpeng sold his house in Shanghai, raising 1.1 million yuan, all of which he invested in #Bitcoin . Shortly after, Shanghai housing prices doubled while Bitcoin plummeted to a third of its value. Despite this rollercoaster, Zhao gained recognition in the cryptocurrency world. In March 2014, during an event, Zhao met Xu Mingxing, founder of the domestic Bitcoin exchange OKCoin. By June, Zhao joined OKCoin as CTO, also overseeing the company's international affairs. Less than a year later, Zhao parted ways with OKCoin. In July 2017, he founded #Binance . Just 11 days after raising $15 million in public funding, the exchange launched. It quickly gained immense popularity among users. 🚀 #BinanceTournament

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1 The bull market is still ongoing. 🐂 2 This week is a good opportunity to buy at low prices. 3 Liquidity will improve in July. Additionally, according to the timeline, the adjustment phase around July 28 should come to a complete end, and the market sentiment will improve. 📅 This estimated time frame is approximate and may not be perfectly precise. #bullrun2024📈📈 #Bitcoin❗

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Listening to those analysts confidently proclaiming "#altcoins are dead" is both amusing and frustrating. They may sound authoritative in their analysis, but they're missing the point. Let me tell you the truth: even if they "bearish", altcoins won't just disappear easily. The current market fluctuations are mostly a reshuffling process. Big players are taking advantage to accumulate, preparing for the next market trend. This is a common scene before a bull market arrives. When facing such analyses, chances are they haven't experienced a true bull market cycle. It's best to keep some distance from their views. Don't be misled by the current market appearance. Today is June 24, 2024; the curtain has just been raised on the beginning of a major bull market. The real excitement is yet to come! Don't treat the crypto market like the stock market; the rhythm here is different. I dare to assert that this bull market will last at least until mid-next year, with new opportunities awaiting us in the second half of the year. Be patient. Let's witness this together; time will prove everything. 📈💫

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Risk management tips for successful trading ⚠️Effective Position Sizing⚠️ Properly sizing your positions can prevent major losses in crypto trading. Determine the proportion of your total capital to allocate per trade. A general guideline is not to risk more than 1-2% of your trading capital on any single trade. This strategy reduces the impact of potential losses from one trade. Consistent position sizing is key to managing risk effectively. Maintain a consistent trading approach by adhering to proper position sizing. Position sizing plays a critical role in achieving long-term trading success. #altcoins #BTC #bitcoin

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How to Trade This Week. #BTC Swing Traders Guide. 1. Announcement of $ETH ETF is a Bullish news for Crypto as a whole. (Both for Scam and non Scam Projects) 2. #ETH ETF gives a new usecase to the declining Usecase of Ethereum. 3. This will also Pump many other #Altcoins and we can see Capital entering other Altcoins. 4. Ethereum already got the retrace it wanted, to remove the scared, anxious and investors who lacked Patience. Accumulation of few weeks and Then Up and then More Up. I still think Price Action will Match the Price Action we Got in 2020 Halving.

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