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🆘 Market Updates🆘
Morning everyone from Asia timeframe 🌅🌤️
Here is an updates on the market when we are in the middle of the storm 🌪️🌪️🌪️ Strongly Bearish
- Having a look around Binance Square I have seen a lot of complaining saying there is something wrong with the market, whale manipulation..etc.
- To be honest, when you enter the market you have to accept the risk. Your job is how to minimize the risk and maximize the profit as much as you can
The market not always goes your prediction so do not complain whenever you accepted to take the trades.
Instead of that, I would suggest trying to improve your trading skills, setting your own trading rules and being patience
- I have a few losing trades as well as BE (break even) trades yesterday on LISTA, TURBO and BB . But I do accept it as that is how the market running. My main point is I did have my SL which helped me to reduce the losses
- At the moment I would not enter anytrades as the market seems weird to me. Everyone is kind of in panic selling.
I need to sit down and have a look at it more carefully! I will also post my tradingview later on today for everyone to discuss
If you guys taking any positions please remember to have SL 🆘
$BTC #dropped $NOT $PEPE
Morning everyone from Asia timeframe 🌅🌤️
Here is an updates on the market when we are in the middle of the storm 🌪️🌪️🌪️ Strongly Bearish
- Having a look around Binance Square I have seen a lot of complaining saying there is something wrong with the market, whale manipulation..etc.
- To be honest, when you enter the market you have to accept the risk. Your job is how to minimize the risk and maximize the profit as much as you can
The market not always goes your prediction so do not complain whenever you accepted to take the trades.
Instead of that, I would suggest trying to improve your trading skills, setting your own trading rules and being patience
- I have a few losing trades as well as BE (break even) trades yesterday on LISTA, TURBO and BB . But I do accept it as that is how the market running. My main point is I did have my SL which helped me to reduce the losses
- At the moment I would not enter anytrades as the market seems weird to me. Everyone is kind of in panic selling.
I need to sit down and have a look at it more carefully! I will also post my tradingview later on today for everyone to discuss
If you guys taking any positions please remember to have SL 🆘
$BTC #dropped $NOT $PEPE
South Korean Allegations Sink SUI Token Price? 🇰🇷
The price of #sui token #dropped over 9% as South Korean regulators accused the Sui Foundation of supply manipulation.
SUI token saw a modest 1% recovery in the last 24 hours, falling from $0.41 to $0.37 within two days. The Sui Foundation strongly refuted these claims, emphasizing they had not sold SUI tokens since the initial distribution.
South Korean lawmakers, spurred by previous crypto issues, plan to regulate the industry further with new #legislation . SUI token's future remains uncertain amid these allegations and regulatory actions.
#Binance
#crypto2023
The price of #sui token #dropped over 9% as South Korean regulators accused the Sui Foundation of supply manipulation.
SUI token saw a modest 1% recovery in the last 24 hours, falling from $0.41 to $0.37 within two days. The Sui Foundation strongly refuted these claims, emphasizing they had not sold SUI tokens since the initial distribution.
South Korean lawmakers, spurred by previous crypto issues, plan to regulate the industry further with new #legislation . SUI token's future remains uncertain amid these allegations and regulatory actions.
#Binance
#crypto2023
BNB Dips Amid Weakness, But CZ’s Return Could Ignite a Rally 😏
BNB's price #dropped 16.1% from August 23 to September 2, with recovery efforts ongoing. Investors fear a bearish trend, as BNB struggles to stay above $610.
Declining activity on BNB Chain, especially in DEX volumes, adds to selling pressure. Some hope Binance co-founder #CZ 's release could spark a rally, but this is speculative. Despite being the third-largest cryptocurrency, BNB is losing ground to competitors like Solana.
BNB Chain's total value locked (#TVL ) hit its lowest since February 2021, with DEX volumes and active users also declining. While CZ's release might boost BNB temporarily, fundamentals suggest limited long-term gains.
#Binance
#crypto2024
BNB's price #dropped 16.1% from August 23 to September 2, with recovery efforts ongoing. Investors fear a bearish trend, as BNB struggles to stay above $610.
Declining activity on BNB Chain, especially in DEX volumes, adds to selling pressure. Some hope Binance co-founder #CZ 's release could spark a rally, but this is speculative. Despite being the third-largest cryptocurrency, BNB is losing ground to competitors like Solana.
BNB Chain's total value locked (#TVL ) hit its lowest since February 2021, with DEX volumes and active users also declining. While CZ's release might boost BNB temporarily, fundamentals suggest limited long-term gains.
#Binance
#crypto2024
Is Bitcoin’s Drop Tied to Economic Concerns and Regulatory Issues? 📉
Bitcoin's price recently surged by 6% but #dropped 4.5% on October 2 after failing to breach the $28,500 resistance, influenced by Ether futures ETFs' disappointing performance and economic concerns.
This marks 47 days since Bitcoin closed above $28,000, resulting in $22 million in long leverage futures contracts being #liquidated . Investor sentiment is affected by the overheated US economy, with expectations of further Fed action due to strong labor market data.
The launch of Ether #ETFs fell short of expectations, in contrast to the successful Bitcoin Strategy ETF launch in 2021.
Regulatory pressure mounts as Binance faces a class-action lawsuit, and Bitcoin's correlation to traditional markets is stronger than anticipated, emphasizing the ongoing risks in the cryptocurrency space.
#Binance
#crypto2023
Bitcoin's price recently surged by 6% but #dropped 4.5% on October 2 after failing to breach the $28,500 resistance, influenced by Ether futures ETFs' disappointing performance and economic concerns.
This marks 47 days since Bitcoin closed above $28,000, resulting in $22 million in long leverage futures contracts being #liquidated . Investor sentiment is affected by the overheated US economy, with expectations of further Fed action due to strong labor market data.
The launch of Ether #ETFs fell short of expectations, in contrast to the successful Bitcoin Strategy ETF launch in 2021.
Regulatory pressure mounts as Binance faces a class-action lawsuit, and Bitcoin's correlation to traditional markets is stronger than anticipated, emphasizing the ongoing risks in the cryptocurrency space.
#Binance
#crypto2023
US Nonfarm #payroll beat expectations, Bitcoin price dips
The US economy added 353K jobs in January, above expectations of 180K, raising concerns about #Fed tightening.
The US dollar surged, US stock futures plunged, and Bitcoin price #dropped to a low of $42,546.79.
Analysts believe strong payrolls could lead to a more #hawkish Fed, adding short-term pressure on $BTC .
#Write2Earn
The US economy added 353K jobs in January, above expectations of 180K, raising concerns about #Fed tightening.
The US dollar surged, US stock futures plunged, and Bitcoin price #dropped to a low of $42,546.79.
Analysts believe strong payrolls could lead to a more #hawkish Fed, adding short-term pressure on $BTC .
#Write2Earn