Bitcoin may face a 50% pullback, with target price levels between $56,000 and $50,000.
According to Ali Charts analysis, the 100-week simple moving average (SMA) of Bitcoin has historically been a key macro support level. Since 2015, each time Bitcoin has broken below the 100-week SMA, it typically has not been able to quickly recover and has further declined to the 200-week SMA.
According to PANews, the performance in the past few cycles is as follows: In December 2014, Bitcoin dropped 55% after breaking below the 100-week moving average, taking about 35 days to reach the 200-week moving average; In November 2018, the price fell by 45%, completing in about 28 days; In March 2020, the pandemic caused a crash, with a 47% pullback within just one week; In May 2022, Bitcoin dropped 58%, lasting about 49 days.
Whoever controls the liquidity of money can control the world
AI for MacroX
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Dongda realizes that stablecoins are formidable opponents, struggling with solutions. Various ministries have restricted cards, WeChat, and domestic media, addressing symptoms rather than root causes, aiming to launch a domestic stablecoin symbolizing sovereignty, intending to establish a sect to enforce consensus. This is likely to accelerate capital outflow and the rise of crypto assets, ushering in a bull market ahead of time.
During the feudal era, it was believed that imperial power was granted by heaven, while in reality, true power derives from the people, and real value comes from the accumulation of grassroots consensus.
The crisis in the banking industry (cefi) has never been about defi, but rather the free creative gene represented by Ethereum; people have long suffered from monopoly!
In the future, 99% of assets will be born from AI, and no entrepreneurship is possible without AI.
Whoever controls the liquidity of currency can control the world
AI for MacroX
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Dongda realizes that stablecoins are formidable opponents, struggling with solutions. Various ministries have restricted cards, WeChat, and domestic media, addressing symptoms rather than root causes, aiming to launch a domestic stablecoin symbolizing sovereignty, intending to establish a sect to enforce consensus. This is likely to accelerate capital outflow and the rise of crypto assets, ushering in a bull market ahead of time.
During the feudal era, it was believed that imperial power was granted by heaven, while in reality, true power derives from the people, and real value comes from the accumulation of grassroots consensus.
The crisis in the banking industry (cefi) has never been about defi, but rather the free creative gene represented by Ethereum; people have long suffered from monopoly!
In the future, 99% of assets will be born from AI, and no entrepreneurship is possible without AI.
According to ChainCatcher, Bitcoin plummeted 7.4% on Tuesday, falling below $100,000 for the first time since June. On-chain data shows that long-term holders sold approximately 400,000 Bitcoins in the past month, totaling about $45 billion, which has become the main reason for the decline.
Political uncertainty in the United States is also a catalyst for risk. The U.S. government shutdown has lasted for 36 days, possibly delaying the 'Crypto Market Structure Bill' until 2026. White House digital asset advisor Patrick Witt stated that the shutdown affects the drafting of the bill.
Bitcoin is approaching oversold territory, with some indicators like RSI showing signs of stabilization, but a reversal signal has not yet formed. The market may need to undergo a deleveraging process dominated by spot trading to confirm the bottom.
According to ChainCatcher, Bitcoin plummeted 7.4% on Tuesday, falling below $100,000 for the first time since June. On-chain data shows that long-term holders sold approximately 400,000 Bitcoins in the past month, totaling about $45 billion, which has become the main reason for the decline.
Political uncertainty in the United States is also a catalyst for risk. The U.S. government shutdown has lasted for 36 days, possibly delaying the 'Crypto Market Structure Bill' until 2026. White House digital asset advisor Patrick Witt stated that the shutdown affects the drafting of the bill.
Bitcoin is approaching oversold territory, with some indicators like RSI showing signs of stabilization, but a reversal signal has not yet formed. The market may need to undergo a deleveraging process dominated by spot trading to confirm the bottom.
When will the active investment function be added to the regular investment plan? 😂 I've been waiting for six months and it still hasn't been launched.
Binance Announcement
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Binance Flash Swap Dollar-Cost Averaging Rebate Program is now live!
This is a general announcement, and the products and services mentioned here may not be applicable in your region. Dear users: Binance launches the Flash Swap Dollar-Cost Averaging Rebate Program! This exclusive program is designed for users who subscribe to the Flash Swap Dollar-Cost Averaging service, allowing users to set up Flash Swap Dollar-Cost Averaging through the [闪兑定投](https://www.%suffixOrigin%/%locale%/convert/USDT/BTC?activeTab=recurring) feature, automating their cryptocurrency investments. The program offers tiered rebate rewards based on the user's monthly investment amount (minimum of 1 USD) and the continuous execution duration of the investment plan. How to participate Users who meet the following conditions can participate in this program:
Goodness, the long and short double kill is coming again
Binance News
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Ethereum price fluctuations may trigger over $1.1 billion in liquidations
According to ChainCatcher, if Ethereum breaks through $4000, the cumulative short liquidation intensity on mainstream CEXs will reach $663 million. If it falls below $3800, the cumulative long liquidation intensity will reach $516 million.
MIT Expert Claims Cryptocurrency Sell-Off Proves Market Operates as Designed
According to Deep Tide TechFlow, on October 16, Neha Narula, the director of the Digital Currency Initiative at the MIT Media Lab, stated that the cryptocurrency sell-off last week is not a reason for panic, but rather proves that the market is functioning as designed.
Neha Narula pointed out that despite the major crash last week, the system is functioning normally, and there is no discussion of bailouts or rolling back trades. This market decline proves that the market is operating as expected in an experimental manner.
Binance launches the 'Together Plan', investing $400 million to help the industry recover and rebuild confidence.
This is a general announcement, and the products and services mentioned here may not be applicable to your region. Dear users: Recently, the global cryptocurrency market has experienced extreme volatility, and users, institutions, and the entire industry are facing unprecedented shocks. The aftershocks of the macro economy are like an earthquake for our emerging industry, affecting not only price fluctuations but also the confidence of every practitioner. Binance has also faced severe tests. In addition to compensating users affected by Binance's losses, it must confront various doubts from both inside and outside the industry, directly facing the slander from competitors, and even dealing with public opinion caused by internal work mistakes after the incident. For the past 8 years, we have been moving forward together with everyone through ups and downs, always focusing on our users. The pain of our users is the pain of Binance; Binance always stands with every user. As long as the industry exists, Binance exists.
Quickly blow up the warehouse to bring down the price
鑫鹰说财
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Powell is making a significant statement tonight! The life and death of the cryptocurrency market hangs by a thread! Federal Reserve Chairman Powell will deliver a speech at 00:20, focusing on economic outlook and monetary policy! Market expectations for interest rate cuts are at an all-time high—with a 97% chance of a 25 basis point cut in October and an 89% chance in December! However, deep-seated crises lurk: excessive leverage and concentrated long positions. If Powell releases hawkish signals, the downward trend in cryptocurrencies will intensify drastically! What should retail investors do? Urgent risk avoidance! Do not blindly buy the dip; high leverage is bound to lead to liquidation! Keep a close eye on Powell's tone tonight; market confidence may collapse. Want to know how to precisely strategize and make a comeback? The Iron Hawk will provide in-depth analysis in the village, laying out the direction in advance—be sure to pay attention; the eve of battle cannot be missed! Seize the news = wealth! $BTC
Such an obvious operation, the dealer doesn't look at you 😅
Binance News
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BTC OG giant whale increases short position to $492 million
According to ChainCatcher, data shows that the BTC OG giant whale has increased its 10x BTC short position to $492 million, with an opening price of $115,288.4 and a liquidation price of $124,262.8.
Global Arms Race Drives Surge in Gold, Silver, and Bitcoin Prices
According to reports by Wu, the financial commentary media Zerohedge states that artificial intelligence has become the new global arms race, with relevant capital expenditures ultimately borne by governments. The prices of gold, silver, and Bitcoin have surged, stemming from countries printing large amounts of money to support the AI race, leading to currency devaluation. Elon Musk retweeted and commented, "This is why Bitcoin is energy-based. You can issue fake fiat currency—every government in history has done this, but energy cannot be faked."
This wave of sell-off has made the exchange win big, with 20 billion US dollars across the internet, Binance has at least made half of that, and they didn't even do anything to earn this money. Now they're asking you to buy the dip, do you still believe it #加密市场回调 $DOGE