In the past few hours, the cryptocurrency market has experienced a sell-off, with Bitcoin (BTC) price plummeting to $61,820, reflecting panic amid geopolitical tensions in the Middle East. According to a report from AXIOS, a warning from a senior White House official about the possibility of Iran launching a missile attack on Israel has raised concerns among investors.
The news has put strong pressure on Bitcoin prices, causing more than $66 million worth of futures contracts to be liquidated, mainly from long positions. Not only Bitcoin, US stock indexes were also affected, with the S&P 500 and Nasdaq falling 1.2% and 2%, respectively.
While gold prices climbed to $2,690 an ounce, nearing a record high, experts predict that if the situation in the Middle East does not improve soon, Bitcoin will continue to face negative pressure in the coming days. #BTCâ #Write2Win #MarketDownturn
Although many people are fans of #TRUMP , especially those who support the development of Bitcoin ($BTC), he may actually lose this election. The current sentiment in the crypto community is that if Trump loses, the crypto market will show signs of a strong sell-off. However, you need to be careful with this thinking, to avoid missing out on the opportunity.
Kamala Harris's policies may be completely different from Trump's. Instead of focusing on reducing taxes for businesses, Harris seems to be shifting to direct support for the people, with spending policies similar to what Thailand is applying to boost consumption. This could create a big boost for the economy and financial markets.
The economic policy that Harris is aiming for can be seen as a "drug" for the economy, immediately stimulating consumption and spending. While this may create short-term volatility, it is clear that $BTC is likely to benefit from these policies, so consider carefully and seize the opportunity before it is too late. #Write2Win #MarketDownturn
We are at a stage where the market believes that a project token #crypto with a cap of several hundred million USD is high, 1 billion is too high!
With this opinion, if the cash flow in the coming time suddenly pours into the market, most of them will miss the boat
All the market needs now is a few new #Altcoinsđđ to push the cap up to several tens of billions, attracting the attention of both inside and outside the market!
#BTC on the small frame currently has the nearest support zone around the area 63k3x - > 63k. Now if you want to catch Long, you should wait for this zone #Write2Win #TopCoinsJune2024 #BTCâ #cointobuy
$OP $WLD #WIF started the recovery wave around 1.4 and currently has a distance of: 1.9 2.1 2.3
The most obvious bull case around L2 is $ETH ETF. After more than 2 weeks of no customers, $ETH ETF has had recent days with an average inflow of 50M per day.
Price increase -> good technology is too familiar to coin players. Price decrease is virtual currency, price increase is Crypto changing the world.
Many of you call this wave the pre-Uptober wave (because you heard that Uptober is coming so you buy early, wait for the price to increase, what else to buy). So when CZ gets out of jail, you guys call it local top.
Personally, I think that in Q4, $BTC will gradually run until the November election, breaking ATH is reasonable. Local top will adjust and then increase again.
With $ETH if it increases then the previous $ETH beta was $PENDLE and $PEPE, this time there is also Eigenlayer coming soon.
But with the performance of OP, WLD and $WIF as above, it seems the community will believe that $PEPE is $ETH beta. #Write2Win
Today is the last big trading day of this week - the price will likely move sideways for a while until the end of the week and then continue to Bump strongly next week!
There is still a risk that can cause the market and $BTC to Adjust - Dip in the Short Term!
That is the risk of long-term bond yields rising again! (ie bond prices falling)
This risk also explains why Warren Buffet has been selling off Bank of American shares heavily in the past time, because Bank of American is currently one of the banks with the largest bond losses ($105 billion)
If there is another bank FUD, you can rest assured because the FED will pump a bunch of money to save it just like in 2023 - however, this will also cause the market to panic and sell off in the short term
(If it happens, if there is a DIP, feel free to Buy and understand that everything will still be fine because the FED prioritizes ensuring the banking industry first)
Financial investment and trading can be said to be both difficult and easy.
Easy for those who have the discipline to "repeat" continuously to the point of becoming proficient, creating unconscious habits... And difficult for those who do not have discipline and trade frequently and haphazardly... If you know how to be disciplined, know how to manage capital, know when to enter the market according to your trading mindset/system and practice them skillfully, you will find them easy... But if you do not have stability, consistency in each investment, each order... then that instability is reflected in the trading results... your mind will automatically see this as a difficult job... Difficult or easy depends on the MIND of each of us. #Write2Win #BinanceTurns7 #thangfuturex1000
Hot new!! Sep 24: #Bitcoinâ : BTC price rejected from key resistance at $65000 and still failed to break the Lower High pattern.
Support: Downtrend #BTCâ has first support near $62300 and $59100. Resistance: $65k, Breakout will open target at $70k. Concerns: Daily RSI is showing bearish divergence and stock RSI is showing bearish move.
BTC must hold $62300 to invalidate these indicators. Monthly and quarterly close on Sep 27 and hence can expect both moves. Despite this short term weakness, we remain bullish for the next 6 months. #Write2Win #BinanceTurns7 #TopCoinsJune2024
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