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#BinanceLaunchpool #Memecoins #bitcoinhalving $BTC $BNB $USDC

Before the altcoin season starts, here is my carefully curated altcoin basket:

- DOGITA
- BCCOIN
- MINTLAYER
- HEROX

#StartInvestingInCrypto #Bitcoin

💥 Disclaimer: These posts are for informational purposes only and do not offer buying or selling advice. Please conduct your own research before making any investments. DYOR.

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Lynn Martin, Chairman of the Board of Directors at NYSE Group, the parent company of the New York Stock Exchange, stated: "We have been in discussions with the SEC about Bitcoin for more than six years. The success of Bitcoin ETFs and the liquidity they bring to the markets is undeniable."

Bitcoin has been trading around its previous cycle high for about 11 weeks. In 2017, this period lasted around 4 weeks, and in 2013, it took about 13 weeks. Both times, this was followed by a significant price increase. I don't expect Bitcoin to move slowly once it breaks out of this price range.

1. People expected the Bitcoin ETF to be approved in March, but it was actually approved on January 2.
2. Previously, Bitcoin reached its all-time high only after the halving, but this time it hit its all-time high before the halving.
3. People thought the Ethereum ETF wouldn’t pass in May and would have to wait until August, but it was approved in May.
4. Everyone believed the bull market would last until 2025, but it turned out to be _____.
This round of market surprises is evident in all aspects!

We asked ChatGPT-4o what the price of ETH might be when the first Ethereum ETF is listed. Here’s what it said:

Ethereum (ETH) has performed well in the 2024 cryptocurrency bull market, but it has struggled to reach its all-time highs again, unlike many other coins, including Bitcoin (BTC).

Currently priced at $3,660.17 with a 65.58% increase this year, Ethereum has faced strong resistance around $3,800 and has failed to stay above this level despite multiple attempts.

However, the approval of spot exchange-traded funds (ETFs) announced on May 23 is expected to attract many new institutional and retail investors to Ethereum, which could change its price trend.

Consulting ChatGPT-4o, Finbold predicts Ethereum's price could jump to $4,750 once the first ETH ETFs are listed. This optimistic view considers the expected influx of investors and the improved market sentiment towards Ethereum after ETF approval.

ChatGPT also considers other factors specific to ETH, such as market dynamics following the 'merge,' to arrive at the $4,750 price target.

However, ChatGPT acknowledges that this prediction is not the only possible outcome. If ETH ETFs bring in more investors than expected and ETH stays above $4,000, the cryptocurrency could rise even higher to $5,000.

Conversely, if many investors take profits after the listing, similar to what happened with the BTC ETF approval in January, Ethereum's price might temporarily dip.
Source: finbold.com

SEC Chairman Gary Gensler:
• I don't trust cryptocurrencies because there's a lot of fraud, and many companies don't follow US laws.
• The SEC often wins court cases about crypto.
• We always follow the law when it comes to ETFs.
• Not all crypto tokens are securities, but most are.

📣SEC Chairman Gary Gensler:
• The crypto industry needs mediators.
• The SEC is prepared to oversee and regulate this new technology.

Bitcoin Resistance at $72K
📉 Bitcoin has encountered resistance at the $72,000 level.
This was anticipated as it represents the upper boundary of the current medium-term consolidation pattern.
2. Upcoming ETH-ETF Announcement
⚠️ Tomorrow, there will be an announcement regarding the approval or denial of spot Ethereum ETFs.
This is a crucial fundamental factor that will influence both short-term and long-term market movements.
3. High Probability of Approval
✅ The probability of these ETFs being approved is high.
📈 Anticipate potential growth in the market as a result.
4. Potential Market Manipulation
🔍 Be aware that market manipulation is possible, even with the likely approval.

Contribution Matters:
Your contribution is vital in maintaining accurate and profitable analysis. Your support enables us to provide valuable insights, helping you avoid losses and stay informed in future trading endeavors.

Upcoming key market events:
- Today, May 19, 2024, at 19:30 UTC — Speech by Fed Chair Powell
- May 22, 2024, at 18:00 UTC — FOMC Meeting

Financial markets are frequently irrational. When you are certain that a crisis is imminent, the market often rises, and vice versa. When Bitcoin reaches $100,000, the excitement will truly begin, with money flowing in all directions. Have a bit of patience, and you will witness an extraordinary spectacle.

Bitcoin's major liquidity zones are at $68K, $50K, and $36K. As we approach the $68K zone, we should note that Bitcoin is in overbought territory according to the RSI, and the market sentiment is very greedy. Therefore, we are primarily targeting the $50K zone as our first short-term target.

Bitcoin: Pump or Dump?
Traders, get ready! Bitcoin (BTC) is giving off mixed signals.
On the 1-hour chart, there's a hidden bullish signal suggesting a possible price rise. However, the 4-hour chart shows a different story, with the MACD Oscillator closing, which indicates a bearish trend.
So, what does this mean for BTC? It appears the coin is currently in a neutral state, poised for a significant move in either direction. This could be a chance for traders to profit from the eventual pump or dump.
What do you think? Will BTC break bullish or plunge into a bear market? Share your predictions and trading strategies in the comments!

BTC at 67K: What's Next?

If you've been following me or other Binance Square feeds, you've likely heard a lot about $67K. We've taken a deep dive and are back at 67K.

For new traders, making decisions can be very confusing because there are always voices predicting lower prices even when we are already low, and higher prices when we are already high. No one can accurately predict how low or high we will go, so you should always be careful.

The best practice, as I see it, is to accumulate slowly and gradually. Don't put all your money in at once. Always keep extra liquidity for opportunities when prices are lower than expected.

As for $BTC , we are already at 67K. To me, 67K is a very important resistance and support level, and a pivotal point, meaning we might revisit this point in the future. We might reach 100K or 120K and then dip back to this point—who knows.

If the weekly close is above 67K, we could see another all-time high in the coming days. Be prepared for unexpected moves, as cryptocurrency markets are always unpredictable.

### $BTC /USDT Analysis

#### Recent Movement:
- **Correction:**
BTC experienced a slight correction down to 64.6K.
- **Rebound:**
Following this correction, the price has continued to rise.

#### Current Status:
- **Fibonacci Level:**
BTC is currently testing the -27% Fibonacci zone.
- **Testing Zone:**
Full testing is in progress at this level.

#### Potential Scenarios:
- **Scenario 1: No Breakout**
- **Expected Move:**
If BTC fails to break through the current level, a correction is likely.
- **Target:**
We could see a move down from this mark as a corrective measure.
- **Scenario 2: Successful Breakthrough**
- **Growth Continuation:**
A breakthrough at this level will prioritize continued growth.
- **Next Target:**
The next major target would be the -61.8% Fibonacci zone, around 71K.
- **Resistance:**
This level also aligns with a sideways resistance zone.

#### CME Influence:
- **Closing Price:**
The CME closed at 67.3K for the weekend.
- **Implication:**
This closing price is a positive signal, suggesting further growth when the market reopens.

#### Weekend Expectation:
- **Market Activity:**
The weekend is expected to be relatively quiet, as is typical.

### Key Points:
- **Watch the -27% Fibo Zone:**
Monitor BTC's behavior at this level for signs of either a breakout or a correction.
- **CME Closing Price:**
Keep an eye on the market's reaction to the CME's closing price of 67.3K.
- **Upcoming Targets:**
Be prepared for potential growth towards 71K if a breakout occurs.
- **Risk Management:**
As always, manage your risk carefully and adjust your strategy based on market movements.

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$NOT has just surprised everyone with a massive donation to Pavel Durov and the Telegram team!
🔳 The donation? A staggering 1.03 billion Notcoin (around $6.8 million USD)! This is a significant gesture of gratitude for Telegram's role in creating opportunities for projects like Notcoin.
🔳 Over half a million Notcoiners participated! Yes, 552,586 users contributed to this monumental donation.
🟥🔴 *Fairness Concerns: However, some users are voicing concerns. Notcoin didn't previously announce the double reward for donors ⁉️, causing confusion.* 🙄🛑
Here's what we know: 🤷
1) Notcoin is incredibly appreciative of the community's generosity, especially those who donated all their Notcoin.
2) They are rewarding everyone who donated with twice the amount back!
What are your thoughts on Notcoin's donation and the double reward surprise? DYOR!! #altcoins #BinanceLaunchpool

🌋 Breaking News: El Salvador Mines $29M in Bitcoin Using Volcano Power! 🇸🇻💰
🚀 El Salvador is making waves in the crypto world! Since 2021, the nation has mined a staggering 473.5 #Bitcoin worth $29 million, all powered by the energy of its mighty volcanoes! 🌋⚡
🔋 Utilizing the geothermal power of its volcanoes, El Salvador is converting natural energy into digital gold. This innovative approach not only demonstrates the nation's commitment to sustainable energy but also its pioneering spirit in the realm of cryptocurrency.
🌍 Keep an eye on this trailblazing country as it continues to revolutionize the future of crypto mining and sustainable energy.

$BTC | 1H: Today's Plan:
Bitcoin is currently stable at the weekly opening level of $61.5k. The trading volume is low, so significant movement might be unlikely. Watch for a possible rise to Monday's high if we break past the 200EMA. #bitcoin is still within its range, with a decision yet to be made. Let's see how it develops! #BTC
Previous Day:
VAH: $62,904
POC: $61,690
VAL: $61,163

The least expected scenario is often the most likely one. Ask yourself a simple question: what’s the most expected scenario for BTC and altcoins? Most people would say a bull run leading to all-time highs in a few weeks or months. When everyone is saying that, it’s time to sell and wait for the inevitable drop.

I’m not a fortune teller, and most traders know some technical analysis (TA), so I won’t go into the details. I look at money flow, volume, and price action, and even if the chart looks good, the reality on the ground isn’t. Every day, around 50,000 traders are liquidated, some losing millions. Altcoins are losing value bit by bit, and people are waiting for a huge green candle to pump their holdings to the moon. Everyone is predicting BTC to reach 120k, 250k, or even 1 million dollars.

I must say, this is not financial advice, and I’m not a fortune teller. No one has a crystal ball. Solana is crashing daily, and if it drops below 140, it’ll likely fall below 100 quickly. ETH has already tested the 2800 level, and now we’re looking at 2400. People are talking about BTC going to 59k, 57k, or even 52k.

Anyone can throw out numbers based on charts and Fibonacci retracements, but markets move because of two reasons: liquidity and market imbalance. There’s major liquidity and imbalance below us and some around all-time highs, but much more below us. The economic data is already bad, as I mentioned before. The same experts predicting ATHs for this May and June have just changed the year. Who knows what will happen in 2025?

So, expect the least expected, at least for now.

In the past 24 hours, 47,335 traders were liquidated, with the total liquidations amounting to $94.77 million. The largest single liquidation order occurred on Bybit, involving $BTC valued at $848.51K.