#BTC UPDATE ...
"After hitting $65,500, the price of bitcoin$BTC fell. Yesterday, it was roughly $63,300. It was back at $63,300 today after briefly touching $65,500 once again. It is likely to reverse because the upward momentum has ceased. Be ready for things to possibly go south. There might be a price decline shortly." Please ask me any other questions you may have!
Emergency đš Update : #UNI/USDT
$UNI Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern, above $6.50 resistance, which could signal at least a temporary bullish trend reversal, with upside potential to $8.00. Stop Loss at $5.40. This is a riskier trade setup because itâs a trend reversal not a trend continuation setup. Itâs against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Uniswap is the biggest DEX â see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions.
Pattern: Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend: Short-term trend is Neutral, Medium-term trend is Down and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance: Nearest Support Zone is $5.60, then $4.80. Nearest Resistance Zone is $8.00, then $12.00.
#haxnocrypto #crypto2024 #altsesaon #CryptoMarketMoves
đ Bitcoin Surge: $543 Million in Inflows Signals Strong Market Correlation with U.S. Interest Rate Expectations đ
$BTC $USDC $BNB đ‎ïžđȘ
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{spot}(BTCUSDT)
đŁïž Federal Reserve Chairman Jerome Powell's remarks at the Jackson Hole Symposium sparked a significant surge in Bitcoin's market đ.
đž $543 million in inflows poured into Bitcoin, driven by Powell's dovish comments on potential interest rate cuts in September đ.
đ This surge highlights a strong correlation between Bitcoin's market and U.S. interest rate expectations, as investors respond to monetary policy signals đ.
đ Digital asset investment products saw a positive trend, with Bitcoin being the primary beneficiary of the inflows đ.
đĄ Bitcoin's sensitivity to interest rate expectations is evident, as investors seek safe-haven assets in anticipation of monetary policy changes đ€.
đ The correlation between Bitcoin and interest rates suggests that future monetary policy decisions will significantly impact Bitcoin's market dynamics đ.
đ Investors are closely watching the Federal Reserve's next moves, as Bitcoin's market continues to react to interest rate expectations đ.
đ The surge in Bitcoin's market is a testament to its growing influence in the global financial landscape, as investors increasingly consider it a viable asset class đ.
đš Solana (SOL) Price Prediction: $200 Target đ
$SOL đ‎ïžđȘ
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đ A prominent market analyst has made a bold prediction that Solana's (SOL) value will surge to $200 đ, driven by a strategic $4.5 million stake đž.
đł A whale investor purchased 28,717 SOL, worth $4.56 million, and staked it, indicating a long-term commitment to the project đ.
đ The analyst believes this move will trigger a bullish run, fueled by:
- Increased investor confidence đȘ
- Improved market sentiment đ
- Favorable technical analysis đ
đ Technical formations and current price trends support this prediction, indicating a strong potential for growth đ.
đ Solana's exchange netflow data reveals:
- Decreased selling pressure đ
- Increased investor confidence đž
đ„ This combination creates a perfect storm for a price surge, supporting the analyst's prediction of SOL reaching $200 đ.
đ€ Remember, cryptocurrency markets are highly volatile, and predictions are not always guaranteed đ€Ż.
đ However, the strategic stake and analyst prediction have generated excitement within the Solana community, with many investors eagerly awaiting the potential price movement đ.
DeFi goes beyond financial innovationâit democratizes access to financial services.
At AirSwap, weâve seen how DeFi removes unnecessary intermediaries, reduces costs, and boosts transparency.
This empowers individuals and fosters an inclusive financial system, essential for a more equitable global economy,
Today, $CAT reached a new all-time high with a $250M mcap, followed by a healthy pullback. BNB Chain's daily on-chain volume surged from 3% to 18-19% over 2 days, driven by $CAT. The launch of @SimonsCatMeme brought in over $200M in volume. IMO, the $BNB chart is looking extremely promising, especially with CZ's expected release from jail next month. This could significantly boost the entire BNB ecosystem again
đš Binance Lists New Stablecoin Eurite (EURI) đš$BNB $EUR đ‎ïžđȘ
{spot}(EURUSDT)
{spot}(BNBUSDT)
đ Binance, a leading cryptocurrency exchange, has announced the listing of Eurite (EURI), a euro-pegged stablecoin issued by Banking Circle SA đŠ.
đž What is a stablecoin? A stablecoin is a cryptocurrency designed to maintain a stable value, reducing the risk of price fluctuations associated with other cryptocurrencies đ.
đ EURI is pegged to the value of the euro, providing traders with a reliable store of value đž.
đ Trading for EURI will begin on August 28, and Binance is offering zero fees on EURI trading pairs, including EUR/EURI and EURI/USDT, for both spot and margin markets until further notice đ.
đ This is a great opportunity for traders to capitalize on the new stablecoin without incurring fees, allowing them to maximize their trading potential đ.
đŠ Banking Circle SA, the issuer of EURI, is a reputable financial institution, ensuring the stability and reliability of the stablecoin đ.
đ With EURI listed on Binance, traders can now access a euro-pegged stablecoin with ease, providing a new avenue for trading and investment đ.
đ Overall, the listing of EURI on Binance is a positive development for the cryptocurrency market, offering traders a new stablecoin option and increased trading opportunities đ.
[VOTE AND EARN 5 DOLLARS](https://app.binance.com/uni-qr/cpro/CryptoPrincess?l=en&r=359246578&uc=app_square_share_link&us=more) đđž
3 people who convinced Trump about Bitcoin revealed: The decision was made at the dinner in Puerto Rico
US presidential candidates Donald Trump's support for Bitcoin and cryptocurrencies was an unexpected development for the whole world. It turned out that David Bailey and his two friends were the ones who convinced Trump, who was against cryptocurrencies about 3 years ago, and the 3rd also held the "round table" meeting at Trump's home in Mar-a-Lago.
While the crypto and Bitcoin community supports Donald Trump in the US election, the Kamala Harris side still remains silent. While Trump was playing the crypto/Bitcoin card openly, especially for young people to get the game, it was revealed that 3 Bitcoin maximalists brought him to this situation.
CNBC from the US media reached the details of how Trump became a supporter of Bitcoin and cryptocurrency in a short time.
It was stated that those who convinced a person like Trump who was against Bitcoin in the past were David Bailey, CEO of Bitcoin Magazine, Amanda Fabiano, known as the shadow leader of Bitcoin mining, and Tracy Hoyos-Lopez, a former California prosecutor. All three people lived in Puerto Rico and were neighbors.
The dinner in Puerto Rico was decided
These 3 people, who live in Puerto Rico, a small island in the Caribbean Sea, took action at the suggestion of David Bailey while they were eating a family meal in at the beginning of July. Bailey said, âI've been in contact with the Trump administration for a while. I'm thinking of a meeting to tell them about Bitcoin mining. Shall we talk about this?â He said.
Bailey also knew that a very serious donation commitment was needed to convince Trump. Therefore, approval should have been obtained from mining companies. #laraxen #Laraxenteam #LaraxenFamily