It's deeply disappointing to witness the spread of misinformation within the Binance community. Despite BTC holding its ground within the expected zone, there's a pervasive wave of fear, uncertainty, and doubt (FUD) sweeping through discussions, wrongly attributing altcoin declines solely to the BTC halving
But let's set the record straight:
1. $BTC encountered resistance and faced rejection
2. It attempted to re-test lower support levels
3. Sadly, today saw a #btcdom breakout, leading to a momentary surge followed by a rapid decline, as seen with TRB's rollercoaster ride
4.Key note: when $DXY ( dollar index) Rise ( which indeed happened today ) is inversely related with Crypto .
5. NO Doubt the war situation is just news.
and may affect some areas of operations . But we all did see Gold ( 1. RECESSION Pumps the gold 2. War Pumps the Gold)
Understanding the correlation between #BTC price and #BTCDOM fluctuations is key. As BTCDOM rises, altcoins often suffer significant losses
I tried with efforts to shed light on these dynamics that are admirable, especially amidst a community more inclined towards **sensationalism** than **substance** #StayInformed
Most important People with no-logic
40k views
People with proper Explanation Under 1k đ€Ł
Nothing less i expected from #BinanceCommunity