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Nayem Uddin Chowdhury
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Possible to touch BTC 63,0000 before today's market closing.
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$REZ is launching the countdown starts, Stake some dollars to make some handsome profit. #REZ #written2earn #NAYEM121
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Cryptocurrency market volatility and why caution is warranted, particularly with long positions: Bitcoin Halving: The Bitcoin halving is a programmed event that cuts the reward for mining new blocks in half. Historically, halving events have led to periods of increased price volatility. This is due to a potential supply shock as fewer new Bitcoins enter circulation, which can impact prices. The next Bitcoin halving is anticipated around 2024. Geopolitical Tensions: The escalating conflict between Israel and Iran creates uncertainty and risk aversion in global markets. Investors may move funds from riskier assets like cryptocurrencies to safer havens such as gold or government bonds. This shift in capital can contribute to downward pressure on cryptocurrency prices. A long position means you've purchased a cryptocurrency with the expectation that its price will increase, allowing you to sell later for a profit. Rapid Price Drops: Sudden, significant price decreases could wipe out the value of your long positions, leaving you with substantial losses. Margin Calls: If you are trading with leverage (borrowed money), even small price drops can trigger margin calls, forcing you to either deposit more funds or face the liquidation of your holdings. Uncertainty: The length and severity of geopolitical tensions or the effects of the Bitcoin halving on pricing are difficult to predict. This uncertainty makes planning a profitable exit from a long position challenging. $BTC $BNB $ETH #BTC #bitcoinhalving #War_Day #NAYEM121
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$BTC BTC DOMINANCE ANALYSIS BTC.D is moving in an ascending triangle, with the Ichimoku cloud acting as support. The RSI is currently in the neutral zone. A solid breakout of the triangle would confirm a bullish trend. In the event of rejection, further movement within the triangle is anticipated. It's worth noting that BTC.D often exhibits an inverse relationship with the alts market cap. #Write2Earn⏠#BTC #BullorBear #NAYEM121
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Market is highly volatile I recommend it to all my followers to not trade in the Future trade before halving ends. Anything can happen any time. So Do you own at risk. $BTC $BNB $SOL
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