💰 Bitcoin has reached near a support level at $60,000. Both | ENSIGN TRADING on Binance Square

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💰 Bitcoin has reached near a support level at $60,000. Both BTC and ETH are now in a support area.
If they bounce back from here and reclaim the 100-day EMA, it will be a bullish sign. Otherwise, we might see a deeper correction.

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HISTORY: 🇺🇸 Since 1971, productivity has more than doubled compensation growth 📉 Do you know what happened in 1971? Gold was officially dropped as a reserve asset and the USD fiat scheme was left without any backing. Fix the money, fix the world. Bitcoin solves this.

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The collective analysis of these on-chain metrics presents a broadly optimistic picture for Bitcoin's long-term prospects: Support for growth: Many metrics indicate a strong support for continued growth. Long-term holders are accumulating, stablecoin inflows are increasing, and miner activity suggests confidence in BTC's future. Market sentiment: The sentiment among holders and traders remains positive, with a significant number of long positions and a steady outflow of BTC from exchanges indicating trust in Bitcoin's long-term value. Supply dynamics: The reduced selling pressure from long-term holders and miners, combined with growing stablecoin capitalization, suggests a stable and supportive environment for BTC. ❓Should you buy or sell? While on-chain metrics show a favorable long-term outlook for Bitcoin, it's crucial to remember that market conditions can change rapidly. Here are some considerations based on the analysis: Buy: If you have a long-term investment horizon, the current metrics suggest that Bitcoin is well-supported for future growth. Accumulating BTC during periods of stability and lower prices could be a prudent strategy. Hold: If you are already invested in Bitcoin, the metrics support holding your position. The market sentiment and support levels indicate potential for future appreciation. Caution: For short-term traders, it's essential to stay vigilant. While the long-term outlook is positive, short-term fluctuations and pullbacks are possible. Pay close attention to market trends and be prepared for volatility. Will you buy?🤔

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Seed Funding vs VC Funding Now, let us delve deeper into the vast expanse of funding possibilities in the crypto realm. Alongside seed funding, venture capital (VC) funding emerges as a popular alternative, drawing the attention of institutional investors. There is an important difference between seed funding and VC funding: the amount of money involved. VC funding provides a larger sum of money to help startups grow and succeed. However, this kind of funding comes with certain conditions and closer examination from careful investors. In comparison, seed funding is like a flexible lifeline that gives startups the important support they need to begin their journey without giving away too much ownership of their new business. It creates an environment where startups can have more control and independence over their own project, which is very important in the fast-paced and always-changing crypto industry.

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Buying dips in a macro uptrend is smart, and so is taking profit on major pumps in an uptrend. If i didn't take profits from March - May, I'd have no dry powder to buy the dip. Always keep that in mind. Take profit at key resistance levels on the way up when the market is hella bullish. And buy the dips at 50-70% drawback when there's blood everywhere.

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#GAL fell sharply from the support level of $3.15-$3.0 and reached the bottom of the descending channel. It seems that the correction process will end soon, but the price needs some time to rest and accumulate liquidity. If the current level is maintained, the price will return to the broken support. Breaking the bottom of the channel and the current level will push the price towards $1.650. #Galusdt

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