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Don't miss this opportunity to earn $4500 post with your PNL or Spot. deadline is near
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#BinanceAlphaAlert ‼️ XLM/USDT is heating up! Technical indicators show that the market is at a tipping point, and a major move is on the horizon. Will it skyrocket to $0.50 or retrace to key support levels? Find out how to profit right now! INDICATOR ANALYSIS: 📈 RSI (Relative Strength Index): On the 4H chart, RSI is at 77, signaling overbought conditions. A correction could occur before the next rally. On the 1H chart, RSI is around 66, leaving some room for further upside, but caution is advised near overbought zones. 📉 MACD (Moving Average Convergence Divergence): On both timeframes, the histogram is positive, but the divergence is narrowing. This could indicate weakening momentum and a potential pullback. 📊 Volume: 4H chart: Increasing volume on recent candles confirms buyer activity. A drop in volume may suggest trend exhaustion. 1H chart: Rising volume during upward movements highlights short-term interest in buying. Watch volume levels at resistance tests. 📌 Moving Averages (EMA): EMA(7) is above EMA(25) and EMA(99) on both timeframes, confirming an uptrend. However, narrowing between EMA(7) and EMA(25) on the 1H chart suggests a potential pullback. 📉 Stochastic RSI: 4H chart: Stochastic RSI near 95 signals overbought conditions and a potential correction. 1H chart: Around 85, indicating weakening momentum. 📍 OBV (On-Balance Volume): OBV growth confirms trend strength, but a slowdown could indicate a pause or reversal. #BinanceAlphaAlert $BTC
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Binance announces the launch of Solv Protocol on its Megadrop platform
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#BitcoinHashRateSurge Bitcoin Saw Rise In Its Hash Rate by 661% In Past 2 Years Bitcoin, the world’s leading crypto, has witnessed a staggering surge in its hash rate over the past two years, reaching a remarkable increase of 661%. This significant milestone indicates the growing interest and investment in Bitcoin mining operations worldwide. The hash rate is a crucial metric that measures the processing power of the network, highlighting the number of calculations it can perform per second to mine new bitcoins and process transactions. The surge in hash rate reflects the increasing number of miners and mining pools participating in securing the Bitcoin network. Mining has become a highly competitive and lucrative venture, attracting both individual miners and large-scale operations. The 661% increase in Bitcoin’s hash rate also underscores the network’s robustness and resilience against potential threats. As the hash rate surges, it becomes more difficult for malicious actors to control the network and execute 51% attacks, enhancing the overall security of the Bitcoin blockchain. Moreover, the rise in hash rate correlates with Bitcoin’s growing adoption as an alternative investment asset and a hedge against inflation. Institutional investors and corporations have increasingly shown interest in Bitcoin, recognizing its potential to preserve value and diversify investment portfolios. Bitcoin’s hash rate surge comes despite occasional regulatory challenges and market fluctuations within the crypto space. It demonstrates the continued confidence in the technology and the belief in its long-term viability. #BitcoinHashRateSurge $BTC
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This week's $BTC closing price is $97,291.91
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