Dear followers

Reduce leverage.

Use stop loss to protect capital.

Wait for clear signals from the market or enter into short selling deals if you see that the decline will continue.

The most important steps to follow now in this market situation, you earn 1 dollar better than losing 10

Bitcoin's October 10, 2024 drop was caused by several factors, most notably:

1. Potential sale of Bitcoin by the US government: Reports indicate that the government may sell about $4 billion of confiscated Bitcoin, raising concerns in the market about the impact of this move on supply and demand.

2. Negative technical analysis: Bitcoin has been stuck in a narrow range for the past seven months, and the presence of a strong resistance level has prevented any significant increases. This has raised expectations of a price decline before any recovery occurs.

3. Inaction by "old whales": Long-term Bitcoin holders (whales) have not moved their funds, indicating hesitation in the market about future moves.

4. Institutional pressure: There are concerns about covert operations by major financial institutions aimed at preventing further adoption of Bitcoin at the state level.

These factors combined have led to increased selling pressure and a decline in the price at this time.

Dear followers,

Regarding the Bitcoin trading strategy at the moment, you should pay attention to the following points:

🔴 Critical support level at 60,000 USDT:

This level is a pivotal point in the market. If it is broken and the selling pressure continues, we may see the price drop to levels between 59,000 and 58,500 USDT.

🟢 Possible bullish bounce:

In case of a bounce from this level, the price could head back towards the 61,500 - 62,000 USDT area. You should pay close attention to the market turning signals at these areas.

⚠️ Remember that the market is full of volatility, so we recommend following technical indicators and any news that may affect the market movement to make informed decisions.

Good luck to everyone! 💪

The United States first began selling confiscated bitcoins in 2014. These bitcoins were seized from Silk Road, a dark web marketplace used to sell illegal goods, where the US government seized around 30,000 bitcoins from the site after its founder was arrested.

Impact on Bitcoin Price: When the US government announced the sale of bitcoins in an auction in 2014, there were expectations that the price would be negatively affected due to the increased supply in the market. However, in reality, bitcoin did not drop as dramatically as expected; initially, the market experienced slight fluctuations but quickly recovered after the auction. One reason for the lack of a significant drop was the increased demand for bitcoins at the time, which offset the negative impact of the additional supply in the market.

Purpose of Bitcoin Sale: The primary purpose of selling confiscated bitcoins is to dispose of illegal assets seized during criminal investigations and convert them into money that can be used legally. The proceeds from these auctions are often used to support anti-crime programs or fund law enforcement agencies.

The US government continues to sell confiscated bitcoins on a regular basis, and these auctions are often announced in advance, giving the market a chance to prepare and thus reducing the potential negative impact on prices.

The United States recently approved the sale of more than 69,000 bitcoins that were seized from the Silk Road, an illegal online marketplace. These bitcoins are worth around $4.4 billion. The decision came after the Supreme Court rejected an appeal from Battle Born Investments, which was claiming ownership of these assets. The sale will be overseen by the US Marshals Service via trading platforms such as Coinbase Prime.

The government’s move to sell such a large amount could have a significant impact on the Bitcoin market, as the announcement previously led to a slight drop in the price of Bitcoin by around 2%. There have been proposals from some US politicians, such as Donald Trump, to use these assets as a strategic reserve instead of selling them, but so far no actual steps have been taken in this direction.

It is worth noting that this is not the first time that the United States has sold Bitcoin seized from Silk Road, as it has previously sold large amounts of Bitcoin in the same way.

Today's Most Important Developments

On October 8, 2024, the cryptocurrency market is witnessing several important developments that affect its performance. One of the most prominent events is the ongoing FTX case, as investors are closely watching the potential decision that could significantly impact market confidence. This case is considered crucial for the return of some platforms or the increase in tension in the market.

There is also the cancellation of the StormX ($STMX) staking mechanism, which prompted some investors to reassess their positions, leading to fluctuations in the price of the coin. The issuance of $5 million of $MODE unlocked coins has also increased the chances of selling pressure on this coin.

In the near future, the market is waiting for several events, including the release of the minutes of the US Federal Reserve meeting on October 9, 2024, which may provide signals about future monetary policy. Also, large issuances of coins such as $XAI are expected to have effects on liquidity and prices.

With these developments, the market is expected to remain volatile in the coming days, as investors react to major news and trends in the global economy.

Currently, the cryptocurrency market is experiencing significant fluctuations due to several influential factors. The most prominent of these events are:

1. Launch of Bitcoin ETFs: There is a lot of anticipation about the possibility of approving Bitcoin ETFs in the United States, which could lead to an injection of new capital from institutional investors, but a possible delay or rejection could increase selling pressure on the market.

2. Unlocking of several locked currencies: Recently, millions of coins such as $IMX and $MODE have been decoded, leading to an increase in supply and thus the possibility of selling pressure from investors who acquired these currencies at low prices.

3. General economic impacts: Macroeconomic fluctuations such as high unemployment rates in the United States and a decrease in investor appetite for high-risk assets directly affect the crypto market. Weak economic data increases caution among investors, leading to a decline in demand for digital currencies such as Bitcoin and Ethereum.

4. Regulatory Issues: Ripple’s (XRP) legal battle with the US Securities and Exchange Commission (SEC) remains at the center of attention, and any major developments in this case could lead to significant market volatility due to its impact on the regulatory framework for cryptocurrencies in general.

Thus, the market is suffering from a combination of economic and regulatory pressures, making small traders vulnerable to psychological manipulation, and heavy selling may result from these events to drive out less experienced investors.

Atom is the native cryptocurrency of the Cosmos network, a platform that seeks to provide a framework for blockchain networks to communicate and interact with each other, allowing for the construction of an integrated blockchain ecosystem. The main goal of Cosmos is to address challenges faced by traditional networks such as the inability to communicate (interoperability) and scalability.

The Cosmos network is based on the Tendermint protocol, which helps achieve transaction speed and scalability. Atom is used within the network for various purposes such as:

1. Staking: where users freeze their Atom tokens to participate in securing the network and receive rewards.

2. Fees: to pay transaction fees within the network.

3. Governance: gives Atom holders the right to vote on decisions related to the development of the network.

The main goal is to create an “Internet of Blockchains”, where multiple networks can communicate and work together in an integrated manner.

There are several reasons that may explain the decline in the price of Bitcoin despite the indicators indicating a strong rise. The most prominent of these reasons are:

1. Whale manipulation: Yes, there may be manipulation by large investors (whales) in the market. These people own large amounts of Bitcoin and can manipulate prices by selling large quantities or buying large quantities suddenly. They may have goals to make profits in the short term or take advantage of the decline to buy more at lower prices.

2. Fluctuations in global financial markets: Digital currencies are affected by fluctuations in financial markets in general. If there is economic or political tension, investors may prefer to switch to safe assets such as gold or the dollar instead of digital currencies.

3. Government legislation: Rumors or news about restricting Bitcoin trading or banning its use in some countries may lead to a sharp decline in its price, even if long-term expectations indicate an increase.

4. High liquidity: Bitcoin has a highly liquid market, which makes its price quickly affected by large buying and selling operations, whether by individuals or institutions.

5. Traditional Market Movements: Bitcoin’s decline may sometimes be linked to movements in traditional asset markets such as stocks, especially if traditional markets are going through a period of turmoil, as investors tend to liquidate their investments in more volatile assets such as digital currencies.

Bitcoin is a complex market and is affected by multiple factors, so even with positive indicators, you should always be careful of sudden fluctuations.

Filecoin (FIL) is a digital currency that operates on a decentralized storage network built on blockchain technology. It is designed to be a means of storing and retrieving data securely and efficiently. Filecoin enables users to rent digital storage space on the network from storage providers in exchange for paying a fee using the FIL coin. This process allows users to store data in a distributed and decentralized manner, ensuring greater privacy and data security.

The most important features of Filecoin are:

1. Distributed storage: Instead of relying on centralized cloud storage companies, Filecoin uses a decentralized system to store data.

2. Security: Thanks to the use of blockchain technology, transactions and storage on the network are secured.

3. Reward economy: Storage providers are incentivized with rewards in the form of FIL coin when they provide storage space.

Filecoin is part of the developments in the field of decentralized cloud storage and works to reduce reliance on large centralized storage companies such as Google and Amazon.

$FIL

Let's do a simple analysis of BTC

To analyze Bitcoin's movement accurately, you should pay attention to the current support and resistance levels in the market. The main support level to watch is $60,000. Breaking this level could lead to a deeper decline, perhaps towards $55,000 or lower, especially if selling increases. On the other hand, if it holds above $60,000, the rise could continue towards $70,000. Technical patterns indicate a greater potential for a rise such as the Flag pattern, and momentum indicators such as the Relative Strength Index (RSI) should be followed to accurately determine the market direction.

Tips:$$BTC

1. Place stop loss limits below $60,000 to ensure capital protection.

2. Monitor trading volume to determine optimal entry and exit points.

A new gem that caught the attention of Bitcoin whales

WalitIQ (WLTQ) is a digital currency specialized in artificial intelligence and aims to improve the user experience in digital currency wallets. Currently, the currency is still in the pre-sale phase, and it is expected to achieve strong gains after its listing in the markets.

Currency price

The price of WallitIQ (WLTQ) in the pre-sale phase is $ 0.025 per token, and its value is expected to rise significantly after its listing.

Functions and features

WallitIQ offers a range of interesting features, including:

Predictive analytics: It uses artificial intelligence algorithms to analyze historical data and live markets to provide insights to investors.

Enhanced security: It includes features such as facial and fingerprint recognition to enhance security.

Scan and pay tool: It facilitates transactions by scanning QR codes, making the process faster and more accurate.

How to buy

You can join the pre-sale and register for the waiting list via the official WallitIQ website wallitiq.io. By registering, you can get a chance to benefit from potential gains after the coin is listed.

So if you are looking for a new AI cryptocurrency, WallitIQ might be an interesting option!

Bitcoin’s current trend analysis points to several different indicators that can help understand the upcoming moves:

1. Potential correction before the rally: Bitcoin is expected to witness one last correction that could push it down to around $51,000-$54,000 before starting to rally again in October 2024. Analysts suggest that this correction is a necessary step to end the current consolidation period before the expected bullish momentum.

2. Technical analysis and market indicators: Looking at technical indicators, the 14-day Relative Strength Index (RSI) is showing a neutral reading of 51.47, which means that the market is neither overbought nor oversold. The 50-day and 200-day moving averages also support the overall uptrend, which enhances the possibility of a rally, although there are some indicators that point to a potential downside.

3. October Price Predictions: Some forecasts show that Bitcoin could range between $74,375 and $82,225 during October, with the average forecast being around $78,300. This optimism is partly due to the “halving” event that occurred earlier in the year, which increased demand for Bitcoin while reducing supply.

4. Wider Economic Impact: The market may also be affected by macroeconomic factors such as interest rates and the policies of the US Federal Reserve.The expected interest rate cut could spur additional investments in Bitcoin, further strengthening its upward trajectory.

Based on these factors, Bitcoin is showing an upward trend in the medium to long term, despite the possibility of short-term corrections.

Dear Friends,

Welcome to an exciting world of opportunities! In the current digital revolution, many new currencies, or as we call them “new gems”, are emerging that are still in the presale stage. These currencies represent great investment opportunities that could bring huge returns in the near future.

The world of new currencies is full of innovative projects that aim to change the rules of the game. From blockchain technology to decentralized finance solutions, there are many currencies that promise a lot, but are still in their early stages.

If you are looking for early opportunities that can change your life, do not miss the opportunity to check out these new gems. Follow me to learn the latest information about new projects, tips on how to participate in the presale, and reviews that will help you make informed decisions.

Every “follow” from you represents your support for this growing community of investors who seek innovation and success. Let’s share ideas and discuss these new opportunities!

Join me on this exciting journey, and let’s build a promising future together!

Thank you for your support

There are several cryptocurrencies that are considered strong and have practical uses and are expected to witness strong growth in the near future. Among them are:

1. Ethereum (ETH): Ethereum is considered one of the most prominent cryptocurrencies due to its ability to support smart contracts and decentralized finance (DeFi) applications. With the Ethereum 2.0 updates, the currency is expected to witness significant growth in uses and popularity.

2. Chainlink (LINK): Chainlink provides a solution for connecting external data to smart contracts, which enhances its use in various applications. It is expected to continue to grow with the increasing adoption of DeFi.

3. Polkadot (DOT): Polkadot seeks to connect different blockchains, which enhances interoperability between networks. Demand for DOT is expected to increase as the need for linking technologies increases.

4. Cardano (ADA): Cardano is considered one of the promising projects in the field of smart contracts, focusing on security and reliability. With further developments, it may witness strong growth.

5. Solana (SOL): Solana is known for its high speed and efficiency in processing transactions, making it attractive to developers of decentralized applications. It is expected to continue to attract more users.

When deciding to invest in cryptocurrencies, it is important to do thorough research and understand the potential risks.

Today, October 3, 2024, Bitcoin experienced a sharp decline, with prices falling to around $61,070, with a decrease of 3.93% in the last 24 hours. Technical analysis indicates that Bitcoin has fallen by 4.22% over the week, reflecting significant pressure on the market.

Reasons for the strong decline

1. Geopolitical events: Escalating tensions in the Middle East, especially the conflict between Iran and Israel, have greatly affected the market. Concern over these developments leads to volatility in financial markets, negatively affecting digital currencies such as Bitcoin.

2. Weak traditional financial markets: The general trend in US stock markets has been negative, leading investors to turn away from riskier assets such as Bitcoin.

3. Potential interest rate cuts: Although some believe that interest rate cuts could help boost the market, uncertainty about the extent to which this will affect prices is pushing some investors back.

Future Forecast

Looking at market analysis, some are predicting that Bitcoin could see a rebound after these fluctuations. The forecast suggests that the price could rise in the coming weeks if the effects of the Fed’s rate cuts continue, which could encourage more investments in digital assets. Some also predict that Bitcoin could see stability around $62,000 or higher by mid-October if the overall economic situation improves.

IntelMarkets (INTL) Project

Introduction: IntelMarkets is an innovative project that combines artificial intelligence (AI) and decentralized finance (DeFi). The project aims to build a trading platform that uses AI technologies to improve the efficiency and effectiveness of market trading operations.

Key features of the project:

1. Technology adopted:

IntelMarkets relies on advanced trading robots trained on a wide range of data (more than 100,000 data points), which helps make trading decisions based on advanced analytics.

2. Market transformation:

The project aims to provide innovative solutions in the field of finance, contributing to improving access to financial markets for individuals and companies. It can also provide powerful tools for investors to help make informed decisions.

3. Total supply:

The total supply of INTL tokens is approximately 500 million tokens, making it a project with a limited supply.

4. Current stage:

The project is currently in the presale phase, where the token is sold at a price of $0.018. The project has raised over $450,000 in a short time, showing strong investor interest.

Importance and Strength of the Project:

Market Growth: The global AI market is experiencing tremendous growth, making AI investments highly valuable. IntelMarkets is expected to play a pivotal role in this area.

Future Potential: The token price could rise significantly due to the expected uptake of AI in trading.Some forecasts suggest that the tokens could double in value in the coming months if the market momentum continues.

Conclusion:

IntelMarkets represents an exciting investment opportunity, especially for those interested in AI and DeFi technologies. It could have a significant impact on how financial markets work, making it a project worth following and investing in.

#MyFirstSquarePost I recently joined Binance Square, and I am happy to share and connect with everyone here!

I think I smell a precious gem

The JetBolt cryptocurrency project is considered one of the most promising projects in the world of cryptocurrencies for the year 2024, thanks to its advanced and innovative features. The currency is characterized by using the technology of eliminating gas fees when making transactions, which makes its use less expensive compared to other currencies such as Ethereum. In addition, JetBolt relies on artificial intelligence-powered tools to provide analysis and insights into cryptocurrency markets, which helps users keep up with the latest developments and make smarter decisions.

The project is currently attracting a lot of attention, as it launched a pre-sale of the currency with rewards of up to 25% via “Alpha Funds” for early investors. JetBolt also offers an innovative staking system based on a protocol called “Proof of Attendance and Worth”, which allows users to earn rewards based on their activity and interaction with the platform.

With these features, JetBolt is one of the projects that may see a huge rise in popularity in the coming period.