$BTC Currently retesting support, expecting to see some rev | Henry Insights en Binance Square

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$BTC  Currently retesting support, expecting to see some reversal to the upside from here, almost reaching the 0.618 Fibonacci retracement, where we might possibly have another rejection to the downside.
#BTC #Bitcoin 

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$BTC is showing signs of consolidation around $57,857 after a recent recovery. The market remains volatile with significant support at $55,000 and resistance around $72,000. Keep an eye on volume spikes for strong market movements. #Crypto #Bitcoin #CPI_BTC_Watch #BTC #SOFR_Spike

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Investing in cryptocurrencies can be a rollercoaster ride, with values swinging dramatically. Let's break down a common scenario to understand how investment value changes: Imagine you invest $100 in a cryptocurrency like Pepe. If the value of Pepe drops, and your investment plummets to $10, you've unfortunately lost 90% of your initial investment value. However, the story doesn't end there. If Pepe's value later surges to $200, it's important to remember that the value of your investment is based on the amount of Pepe you own, not your initial investment amount. Let's say you initially bought 1 Pepe coin for $100. Even after the value drop, you still own that 1 Pepe coin. When the value skyrockets to $200, your investment in that 1 Pepe coin is now worth $200. On the other hand, if you sold your Pepe coins when they were worth $10 and then bought back in when the price surged to $200, your strategy would have netted you a profit. By buying low and selling high, you capitalize on the market fluctuations. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #WriteToEarn

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🚨 **ALARMING NEWS ALERT** 🚨 ‼️ The world of cryptocurrencies has seen its share of scams, with fraudsters constantly finding new ways to deceive investors. Stay vigilant about some of the largest scams: 1. **FTX**: Collapsed in November 2022 due to mishandling billions in customer funds. Founder Sam Bankman-Fried sentenced to 25 years for fraud. 2. **Luna and TerraUSD**: Suffered a $60 billion loss in May 2022, leading to the arrest of founder Do Kwon in March 2023. 3. **QuadrigaCX**: Founder Gerald Cotten's death in 2018 left $215 million inaccessible, later revealed to be a Ponzi scheme. 4. **Africrypt**: Scammed investors out of 70,000 BTC in 2021. Founders Ameer and Raees Cajee are under investigation for money laundering. 5. **SafeMoon**: Executives withdrew over $200 million for personal use in 2021, leading to SEC fraud charges. 6. **Pro-deum**: Vanished in 2018 with investors losing all their funds, marking it as an exit scam. 7. **Pincoin and iFan**: Modern Tech's ICOs raised $660 million in 2018 through a Ponzi scheme. The team disappeared after collecting the funds. 8. **Celsius Network**: Paused withdrawals in 2022 and filed for bankruptcy owing $4.7 billion, now working to return assets to customers. 9. **Centra Tech**: Raised $25 million in 2017 with fraudulent promises, resulting in prison sentences for the founders. 10. **Mining Max**: Defrauded investors of $250 million in 2017, with only a fraction spent on mining, affecting 18,000 investors. 🔐 **Protect Yourself**: Conduct thorough research, verify the team's credentials, avoid unrealistic promises, diversify your investments, and refrain from storing all funds in one place. Stay cautious and invest wisely to mitigate the risk of falling victim to scams in the crypto market. #CPI_BTC_Watch #SOFR_Spike #Megadrop #WriteToEarn #MtGoxJulyRepayments

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📢 Breaking News Alert from Binance! 🚨 Important Delisting Announcement for TUSD Trading Pairs 🚨 Dear Binance Users, We want to inform you about an upcoming change regarding TUSD trading on Binance Margin. Effective from july 24, 2024, at 06:00 (UTC), TUSD will be delisted from both Cross and Isolated Margin trading pairs. The affected pairs are BTC/TUSD and TUSD/USDT. 🔴 Key Dates to Remember: July 12, 2024, at 06:00 (UTC): Suspension of isolated margin borrowing on affected pairs. July 24, 2024, at 06:00 (UTC): Delisting of TUSD trading pairs, closure of all positions, cancellation of pending orders, and automatic settlements. 🔒 Important Actions for Users: - Close your positions and transfer assets from Margin Wallets to Spot Wallets before the delisting date to avoid potential losses. - For Portfolio Margin users, TUSD balances in Cross Margin Wallets will be automatically converted to USDT starting from July 24, 2024, at 06:00 (UTC). Monitor your Unified Maintenance Margin Ratio (uniMMR) closely to prevent liquidation risks during the conversion process. #BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike #BinanceTurns7

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$BTC has faced a steep decline recently, struggling to stabilize around $58,000. Despite a brief recovery, the selling pressure remains high. Traders are watching closely for a potential trend reversal. Bull market will resume, BlackRock is loading up. #BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #BlackRock⁩

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