The direct beneficiaries of Binance’s fine are decentralized exchanges such as Uniswap, DYDX, and DeFi, which CZ bluntly stated that he wanted to pay attention to.
A friend in the group asked why OKB did not rise. After the United States took advantage of Binance, would OKX tremble in fear? Are all the charges against Binance not applicable to OKX?
Market Analysis
The high-level market of Bitcoin is thrilling and exciting.
From the hourly level, Bitcoin has formed an ascending triangle pattern, which is generally considered to be an upward relay pattern.
The 4-hour MACD indicator has a trend of forming a golden cross again, which means that the market may surge upward.
The current pressure level is mainly concentrated around 38,000. When the market approaches 38,000, the 4-hour closing price is a small positive with an upper shadow line and a large volume, which also shows that there is a certain selling pressure.
Judging from the BTC liquidation heat map, it is also verified that around 38,000 is a strong resistance level.
We use the GPTs application of Qingmeizhubi to understand the structural characteristics of the ascending triangle.
It is important to note that the resistance level of 38,000 can only be effectively broken through with large volume, and the theoretical target after the breakthrough is around 41,000.
If the volume cannot be increased, it will oscillate back to the lower edge support of the triangle and accumulate strength again.
The contract open interest has been running at a high level for a long time, which means that huge fluctuations may occur at any time. Those who do contracts should pay special attention to stop loss and never hold an order.
The previous article mentioned "Qingmei Zhubi: Attention, Bitfinex's ETH longs have cleared all their positions!" The current situation is updated as follows:
After the ETH long positions of DaB.com were reduced, there was no sign of re-opening of positions.
BTC bulls on Big B.com are reducing their positions at highs. #BTC🔥🔥 #BTC/USDT #WhaleAlert #HODL
