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Bitcoin and the rest of the altcoin is in position of pennants. Based on the chart pennant graph it is hard to describe for the pattern to be bulllish or bearish. Some analytical said it was a bearish season because we are in the year phase of bullish.

But do you know there is know as market correction which is refers to a significant and temporary decline in the prices of various cryptocurrencies after a period of sustained growth. During a market correction, the market experiences a sharp reversal from an uptrend, leading to a decrease in asset prices. This correction can be caused by various factors, including speculative trading, market sentiment shifts, regulatory news, macroeconomic events, or simply a natural cooling off after a period of excessive optimism and price appreciation.

$BTC $ETH $SOL

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Following the challenges faced by FTX, the Solana (SOL) ecosystem is experiencing growth, particularly in the areas of DeFi activity and user engagement within the cryptocurrency industry. Despite concerns stemming from FTX's issues, there are signs indicating a potential recovery for Solana (SOL) in the market.

Currently, Solana (SOL) is trading between $142.09 and $172.31, with its 10-day moving average around $161.11 and the 100-day moving average at $134.6. Key support levels are identified at $124.89, while resistance levels are positioned at $185.34 and $215.56.

Given the market conditions and Solana's (SOL) apparent recovery, it may be wise to adopt a positive outlook. The continued expansion of the Solana network, coupled with the resurgence of DeFi activities, suggests a promising future for its market performance.

Crutial Time for Bearish!

For the moment who is want to be save the capital, the last choice is…

“HEDGE MODE”

In Hedge Mode, you can hold positions in both long and short directions simultaneously under the same futures. For example, you can hold both long and short positions of the BTC futures at the same time. So this will swing away the liquidation price, but make sure make a right time to close.

I am not you financial advisor. But willing to educated the community. Thank You.

Salam dari Malaysia. Happy Bearish Day.
#Write2Earn!

$BTC

$BOME has reach the lowest value in Binance

The significant price change in Bitcoin impacts all altcoins, including memecoins. This bearish trend can instill fear and erode investor confidence, leading to asset sell-offs. This phenomenon is often referred to as FOMO (Fear of Missing Out).

$BTC

So do you think Bitcoin will reach $50,000 at the end of the month?

Bitcoin is experiencing a bearish trend 🔻 due to several significant factors:

1. US Government Sales: The US government is offloading Bitcoin, adding selling pressure to the market. 🔻

2. Miner Liquidations: Bitcoin miners are selling their holdings, likely to cover operational costs or capital expenses. 🔻

3. German Government Liquidations: Similar to the US, the German government is also liquidating its Bitcoin assets. 🔻

4. MT. Gox Repayments: The commencement of Bitcoin repayments from the MT. Gox exchange has introduced additional supply into the market. 🔻

These factors combined are driving the price downward. 🔻

During a bearish season, the best strategy involves careful risk management and taking advantage of market opportunities. Here are some key approaches:

1. Hedging: Use derivatives like options and futures to protect your portfolio against losses.

2. Dollar-Cost Averaging: Gradually buy assets to spread out the investment over time and reduce the impact of volatility.

3. Focus on Quality: Invest in fundamentally strong assets with good long-term prospects.

4. Diversification: Spread investments across various asset classes to minimize risk.

5. Staying Informed: Keep up with market trends and news to make informed decisions.

These strategies can help manage risk and potentially capitalize on opportunities even during market downturns.

#IntroToCopytrading #BinanceTournament $BTC

$XRP

XRP's price hovers around the critical support level of $0.47, showing potential for a significant move. The daily chart reveals a sideways triangle pattern, indicating balanced buying and selling pressures. A bullish reversal seems likely if support holds, but a break below could lead to a sharp decline.

On the 4-hour chart, XRP forms a bearish continuation flag pattern, with the MACD turning green, hinting at a possible rebound. The $0.47 support remains crucial for determining the next price direction.

🚨 MAJOR CRYPTO PROJECTS TO UNLOCK $755M IN JULY🚨

July is set for a significant release of cryptocurrency tokens worth $755 million as vesting periods for over 40 projects come to an end.

Why is this important?
If you hold any of the mentioned tokens, expect heavy price movements and potential selling pressure.

Biggest Token Unlocks in July:
- AltLayer (ALT)
- Unlock Date: July 25
- Amount: 684 million ALT tokens
- Value: $125 million
- Allocation: Team, investors, advisers, protocol development, treasury, and community
- Current Price: ~$0.18

- Xai (XAI)
- Unlock Date: July 9
- Amount: Significant portion of $93 million in tokens
- Allocation: Team, investors, ecosystem, and reserves
- Current Price: ~$0.46

- Aptos (APT)
- Unlock Date: July (exact date not specified)
- Amount: 11.31 million APT tokens
- Value: $77 million
- Allocation: Foundation, community, core contributors, and investors
- Current Price: ~$6.99

Key Dates to Watch:
- July 9: Xai (XAI) unlocks $93 million in tokens.
- July 16: Arbitrum (ARB) releases another $75 million in tokens.
- July 25: AltLayer (ALT) unlocks $125 million.

Other Projects Unlocking Tokens:
- Arbitrum (ARB): $75 million on July 16, following previous unlocks of $95 million in May and $105 million in June.
- Optimism (OP), Sui (SUI), Immutable (IMX), Starknet (STRK): Similar token releases expected in July.
With large amounts of tokens being unlocked, it's crucial for investors to stay informed and prepared for potential market impacts.

Can $SHIB Reach $0.000052?

When Shiba Inu (SHIB) launched in August 2020, its team allocated half of the project’s tokens to Ethereum co-founder Vitalik Buterin. Buterin chose to burn 90% of the tokens he received, donating the remainder to charity. This burn amounted to about 410 trillion tokens, causing a significant surge in SHIB’s price.

Currently, there are approximately 589 trillion SHIB tokens in circulation. If another 400 trillion SHIB tokens were burned, the circulating supply would reduce to about 189 trillion. With SHIB’s market cap of around $10 billion, this could potentially increase the price to $0.00005291.

However, this large-scale burn is difficult and needs many SHIB holders worldwide to participate.

Shiba Inu Price Analysis

As of now, Shiba Inu’s price has shown a slight recovery, rising by 2.04% to trade at $0.00001742. Meanwhile, the increase in trading volume by 15% to $223.22 million indicates strong investor interest.

Additionally, the token’s open interest has climbed nearly 4% to $33.73 million, showing strong market sentiment and engagement.

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Selling 1.2 Trillion $PEPE Coins Causes A Significant Price Decline

Investors have become concerned about the future of PEPE Coin following a sharp 5% drop in its value within a single day, spurred by a significant sale of 1.2 trillion PEPE coins on Binance. This sell-off has led to increased withdrawals of PEPE coins from exchanges, reflecting shifting investor sentiment. Despite a rise in trading volumes, the future trajectory of PEPE remains uncertain due to ongoing fluctuations and external factors such as Bitcoin halving.

Moreover, PEPE Coin’s reputation has been marred by security vulnerabilities and hacking incidents, discouraging potential users from engaging with the platform. In contrast, MoonBag coin offers enhanced security features and operates on Ethereum, providing users with a secure and efficient trading environment.

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Massive selling $BTC by German 🇩🇪 Government

The German government has transferred millions in seized Bitcoin to major exchanges Kraken and Coinbase, according to Arkham. Originating from a wallet connected to the German Federal Criminal Police Office, the BKA moved $24 million in Bitcoin on Tuesday, with an additional $30 million sent to an unknown wallet. This follows previous transfers of $195 million on June 19 and 20, totaling over $425 million in the past week. While the majority of the seized Bitcoin remains with the government, these transfers may indicate plans to liquidate some assets. Although this could introduce downward price pressure, the amounts moved are relatively small compared to daily Bitcoin trading volumes.

$BTC

The crypto market is experiencing significant losses following its second-worst weekly decline of 2024, driven by cooling demand for Bitcoin ETFs and monetary policy uncertainty. Bitcoin fell 8.1% to $58,528 on Monday, with over $210 million in bullish bets liquidated. Additionally, the rehabilitation trustee of Mt. Gox announced repayments starting in July, increasing selling pressure. Bitcoin investment products saw substantial outflows, and the market struggles with low volatility and unbalanced order books. Analysts note a bearish mood amid broader doubts about the Federal Reserve's interest rate policies.

$ETH

According to Foresight News, a whale address has deposited 8000 Ethereum (ETH) into the 'StakeStone x Scroll Joint Reward Program,' valued at approximately 26.87 million USD. This transaction was tracked and reported by Dune Data, though the whale's identity remains unknown. The StakeStone x Scroll Joint Reward Program is a collaborative initiative, but further details about the program were not disclosed.

$XRP

XRP's price is facing volatility as whales have moved approximately 85 million coins in the past 24 hours. The transactions involve both accumulation and dumping of XRP, leading to mixed market signals. The price is currently trading at $0.47, reflecting a 2.51% drop. Despite this, there is notable activity in the derivatives market, with a 3.26% increase in open interest and a significant rise in trading volume, suggesting heightened investor interest.

1 Billion Dollar Cryptocurrency Operation Based in Ankara

Turkish authorities conducted a major operation, "SİBERGÖZ-42," targeting the "Smart Trade Coin" platform, which falsely promised high returns with no risk. This Ankara-centered operation spanned 21 cities, resulting in the arrest of 127 suspects and the seizure of assets worth 1 billion TL. The suspects were involved in fraudulent activities, convincing investors to recruit others in a pyramid scheme. The Interior Minister emphasized the government's commitment to tackling cyber fraud.

$BTC could retrace on $63,000
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MicroStrategy, led by Michael Saylor, has acquired an additional $786 million worth of Bitcoin, signaling continued confidence in the cryptocurrency's potential. This substantial investment aligns with Saylor's long-standing bullish stance on Bitcoin, aiming to leverage its value as a digital asset.
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Simultaneously, a "Learn to Earn" crypto project is gaining traction, nearing a $3 million milestone. This project incentivizes users to engage with educational content about cryptocurrencies, reflecting the growing trend of integrating learning with earning opportunities in the crypto space.

$LISTA has been making waves recently, but why is Binance even involved?

Lista DAO has gained attention due to its strategic partnerships and innovations. Binance's involvement adds significant credibility and resources, enhancing the project's prospects. This collaboration between Binance and Lista DAO highlights the potential for broader success and impact within the crypto community.

$LISTA

The price of Lista (LISTA), a liquid staking and decentralized stablecoin protocol, experienced a significant surge of 13% as it debuted on major exchanges including Binance. Initially priced at $0.565, LISTA’s rapid appreciation shows robust market demand and investor confidence in the project. The successful listing on Binance and other platforms signifies a pivotal moment for LISTA, as it expands its reach to a broader audience of cryptocurrency traders and enthusiasts.

The price spiked to 0.8 with 22% increments, showcasing the coin's incredible performance. However, remember that all trading involves risk. This could either be a correction for the spike or the start of a downtrend. Stay safe and maintain a low-risk approach.

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