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âŒïž DON'T PANIC, WHAT'S HAPPENING RIGHT NOW IS VERY NORMAL âŒïžâŒïžâŒïž
đČHello folks,
đČAs you can see, the entire market is experiencing a downturn, especially BTC, and almost all markets are following suit.
There are only two reasons for this concerning today.
đČFirstly, the tension between Iran and Israel has prompted many people to sell their assets, especially in the Middle East region. Additionally, the Bitcoin halving event is contributing to the market volatility.
Historically, Bitcoin has experienced a drop of 25-40% before the halving, followed by a surge and reaching an all-time high price after the halving. Therefore, if you are already holding any coins, DO NOT BELL#FET . Instead, wait for the surge. After the halving, everything should return to normal, and we can expect to see all coins pumping (with exceptions, of course). So, DON'T PANIC AND WAIT.
đČIn case you are considering investing, NOW IS THE RIGHT TIME to do it. However, remember that in spot trading, PATIENCE is key, and NEVER sell at a loss. HOLD and WAIT, BUY in the DIPS, and SELL with profits. That's how everything works in spot trading.
đČSTAY STRONG AND SAFE.
đČFollow for more information and signals
@TWINS_TULIP #TwinsTulip #BullorBear
$BTC #BinanceLaunchpool #bitcoinhalving
đČHello folks,
đČAs you can see, the entire market is experiencing a downturn, especially BTC, and almost all markets are following suit.
There are only two reasons for this concerning today.
đČFirstly, the tension between Iran and Israel has prompted many people to sell their assets, especially in the Middle East region. Additionally, the Bitcoin halving event is contributing to the market volatility.
Historically, Bitcoin has experienced a drop of 25-40% before the halving, followed by a surge and reaching an all-time high price after the halving. Therefore, if you are already holding any coins, DO NOT BELL#FET . Instead, wait for the surge. After the halving, everything should return to normal, and we can expect to see all coins pumping (with exceptions, of course). So, DON'T PANIC AND WAIT.
đČIn case you are considering investing, NOW IS THE RIGHT TIME to do it. However, remember that in spot trading, PATIENCE is key, and NEVER sell at a loss. HOLD and WAIT, BUY in the DIPS, and SELL with profits. That's how everything works in spot trading.
đČSTAY STRONG AND SAFE.
đČFollow for more information and signals
@TWINS_TULIP #TwinsTulip #BullorBear
$BTC #BinanceLaunchpool #bitcoinhalving
PINNED
$BTC
I accidentally realized something extremely important:
Cycle 14 days before Halving 2024 " SAME " 99% of 2020 cycle (see photo below).
2024 before Halving BTC reached ATH, so if 2024 is the same as 2020 and 2 weeks earlier, => So if I'm not mistaken, we have entered the Bullrun and reached 85k before Halving
It's exactly the same, just a little bit earlier about 2 weeks
#BinanceSquareVietnam #BullorBear #BinanceLaunchpool $BNB #SHIB $XRP #Memecoins
If post is helpful give me a tip
I accidentally realized something extremely important:
Cycle 14 days before Halving 2024 " SAME " 99% of 2020 cycle (see photo below).
2024 before Halving BTC reached ATH, so if 2024 is the same as 2020 and 2 weeks earlier, => So if I'm not mistaken, we have entered the Bullrun and reached 85k before Halving
It's exactly the same, just a little bit earlier about 2 weeks
#BinanceSquareVietnam #BullorBear #BinanceLaunchpool $BNB #SHIB $XRP #Memecoins
If post is helpful give me a tip
BTC.D is currently creating a Rising Wedge Pattern on its Weekly Chart. And trend-line resistance is very close.
If BTC.D's Rising Wedge Pattern Down Side Break, I will notice Massive Pump in Altcoin.
â So avoid selling Altcoin at small profit at present. Accumulate Altcoin for more profit (Midterm/Longterm).
#LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO #DOGSONBINANCE
If BTC.D's Rising Wedge Pattern Down Side Break, I will notice Massive Pump in Altcoin.
â So avoid selling Altcoin at small profit at present. Accumulate Altcoin for more profit (Midterm/Longterm).
#LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO #DOGSONBINANCE
**START EARNING TODAY**
$BTC is gaining momentum and has the potential to easily surpass our next target of $0.28. Moreover, both $SHIB and $PEPE meme coins are projected to perform strongly, possibly becoming the next rally leaders.
Earlier on, we've seen 280% profit with it.
#BNBChainMemecoins #SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves
$BTC is gaining momentum and has the potential to easily surpass our next target of $0.28. Moreover, both $SHIB and $PEPE meme coins are projected to perform strongly, possibly becoming the next rally leaders.
Earlier on, we've seen 280% profit with it.
#BNBChainMemecoins #SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves
JOIN APPEXINDEX.PRO TODAY AND START EARNING đŁđŁđŁ
** CZ's Permanent Ban: What Does It Mean for Binance?
In a landmark decision, Binance's founder @cz_binance has been permanently banned from managing the company as part of a $4.3B settlement with U.S. authorities. This represents a major shift for the worldâs largest cryptocurrency exchange. đ
2/ Legal Trouble & Ban: In 2023, CZ faced serious allegations of violating the U.S. Bank Secrecy Act. After pleading guilty, he accepted a hefty fine and a permanent ban from Binance management. Initially, a 3-year ban was anticipated, but CEO @_RichardTeng has confirmed itâs permanent. đ«
3/ New Leadership at Binance: With CZ stepping down, Richard Teng has assumed the role of Binanceâs CEO. Tengâs primary task is to steer Binance through regulatory challenges and ensure the exchange adheres to global compliance standards. Despite the ban, CZ retains his position as the majority shareholder but can no longer engage in day-to-day operations.
4/ Whatâs Next for Binance?: The permanent ban raises questions about Binance's future strategies and regulatory interactions. With new leadership, Binance must navigate a complex legal landscape while maintaining its global presence. The focus will be on rebuilding trust and ensuring robust compliance measures.
5/ Fear and Sacrifice: CZâs ban underscores the intense regulatory scrutiny facing cryptocurrency exchanges. Itâs a stark reminder of the regulatory challenges in the industry. CZâs sacrifice highlights his commitment to Binanceâs mission, but it also signals a new era of regulatory vigilance for the crypto space.
6/ Advice to Binance: As Binance moves forward, prioritizing transparency and proactive engagement with regulators will be crucial. Building a strong compliance framework and focusing on user protection can help restore confidence. Leadership stability and clear communication will be key in navigating this transition.
7/ Standing with CZ: Despite the ban, it's important to recognize CZâs role in pioneering the cryptocurrency revolution. His vision has driven significant industry advancements. The challenges faced highlight the need for ongoing dialogue between crypto innovators and regulatory bodies.
$BNB
In a landmark decision, Binance's founder @cz_binance has been permanently banned from managing the company as part of a $4.3B settlement with U.S. authorities. This represents a major shift for the worldâs largest cryptocurrency exchange. đ
2/ Legal Trouble & Ban: In 2023, CZ faced serious allegations of violating the U.S. Bank Secrecy Act. After pleading guilty, he accepted a hefty fine and a permanent ban from Binance management. Initially, a 3-year ban was anticipated, but CEO @_RichardTeng has confirmed itâs permanent. đ«
3/ New Leadership at Binance: With CZ stepping down, Richard Teng has assumed the role of Binanceâs CEO. Tengâs primary task is to steer Binance through regulatory challenges and ensure the exchange adheres to global compliance standards. Despite the ban, CZ retains his position as the majority shareholder but can no longer engage in day-to-day operations.
4/ Whatâs Next for Binance?: The permanent ban raises questions about Binance's future strategies and regulatory interactions. With new leadership, Binance must navigate a complex legal landscape while maintaining its global presence. The focus will be on rebuilding trust and ensuring robust compliance measures.
5/ Fear and Sacrifice: CZâs ban underscores the intense regulatory scrutiny facing cryptocurrency exchanges. Itâs a stark reminder of the regulatory challenges in the industry. CZâs sacrifice highlights his commitment to Binanceâs mission, but it also signals a new era of regulatory vigilance for the crypto space.
6/ Advice to Binance: As Binance moves forward, prioritizing transparency and proactive engagement with regulators will be crucial. Building a strong compliance framework and focusing on user protection can help restore confidence. Leadership stability and clear communication will be key in navigating this transition.
7/ Standing with CZ: Despite the ban, it's important to recognize CZâs role in pioneering the cryptocurrency revolution. His vision has driven significant industry advancements. The challenges faced highlight the need for ongoing dialogue between crypto innovators and regulatory bodies.
$BNB
$BLZ is becoming unstoppable. This time it has confirmed the support at 0.10$ and moving ahead with a huge volume towards our next target of 0.27$ if Bitcoin also stays bullish. It will be an interesting ride!
In the last rally, we tracked a 640% growth.
#SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO
In the last rally, we tracked a 640% growth.
#SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO
#MarketSentimentToday
US stocks extend losses, led by the Nasdaq
Anxiety around Powell's speech tomorrow has crept into equity markets, particularly in light of the comments from the Fed's Schmid earlier today. He indicated that the Fed had time to evaluate before cutting rates and that was seen as a hawkish view.
But I just watched the full interview and it's not as hawkish as the headlines read. He said he was sympathetic to moving before inflation reached 2% and didn't make a hawkish push.
I understand the worry about Powell and pricing in aggressive rate cuts. There is also some anxiety about the August 28 earnings report from NVDA, which could upend the whole AI trade if there's one hint of weakness.
#BinanceHODLerBANANA #Babylon_Mainnet_Launch #BlackRockETHOptions #CryptoMarketMoves
US stocks extend losses, led by the Nasdaq
Anxiety around Powell's speech tomorrow has crept into equity markets, particularly in light of the comments from the Fed's Schmid earlier today. He indicated that the Fed had time to evaluate before cutting rates and that was seen as a hawkish view.
But I just watched the full interview and it's not as hawkish as the headlines read. He said he was sympathetic to moving before inflation reached 2% and didn't make a hawkish push.
I understand the worry about Powell and pricing in aggressive rate cuts. There is also some anxiety about the August 28 earnings report from NVDA, which could upend the whole AI trade if there's one hint of weakness.
#BinanceHODLerBANANA #Babylon_Mainnet_Launch #BlackRockETHOptions #CryptoMarketMoves
đđđđđ đđđ đđđđđ đđđ đđđđđđ đđđđđđ đđ đđ đđđđđđđđđđ'đ đđđđđđđ đđđđđđ
#BinanceTurns7 #MtGoxJulyRepayments #BlackRockETHOptions #MarketDownturn #BinanceLaunchpoolTON
US government holds 54.897 billion SHIB tokens, worth approx $729,581.
SHIB ranks as a major asset in US govt's $12.43 billion crypto wallet.
US as a crypto 'whale' could impact market dynamics with SHIB sales.
According to Arkham Intelligence, the US government now has roughly 54.897 billion Shiba Inu (SHIB) tokens. These tokens, confiscated via various law enforcement proceedings instead of being acquired, are now part of a digital asset portfolio that includes Bitcoin and other cryptocurrencies.Â
The value of these SHIB holdings is estimated at around $729,581, based on the current market price of $0.00001329 per token. This revelation places SHIB as one of the substantial holdings within the government's crypto wallet, although it ranks lower in value than other assets like Bitcoin.
#BinanceTurns7 #MtGoxJulyRepayments #BlackRockETHOptions #MarketDownturn #BinanceLaunchpoolTON
US government holds 54.897 billion SHIB tokens, worth approx $729,581.
SHIB ranks as a major asset in US govt's $12.43 billion crypto wallet.
US as a crypto 'whale' could impact market dynamics with SHIB sales.
According to Arkham Intelligence, the US government now has roughly 54.897 billion Shiba Inu (SHIB) tokens. These tokens, confiscated via various law enforcement proceedings instead of being acquired, are now part of a digital asset portfolio that includes Bitcoin and other cryptocurrencies.Â
The value of these SHIB holdings is estimated at around $729,581, based on the current market price of $0.00001329 per token. This revelation places SHIB as one of the substantial holdings within the government's crypto wallet, although it ranks lower in value than other assets like Bitcoin.
đ Bitcoin Cash Targets $400 Amid Bitcoin 2024 Conference Buzz đ**
Bitcoin Cash (BCH) has seen a price surge, reflecting the upward movement of Bitcoin (BTC). The bullish sentiment surrounding the Bitcoin 2024 conference is pushing BCH towards the $400 mark.
đč Bitcoin 2024 Conference Fuels Optimism
BTC is trading at $68,201 on July 27, while BCH hovers near $383, marking a 2.3% increase in 24 hours. The Bitcoin 2024 conference in Nashville, featuring speakers like MicroStrategy's Michael Saylor and presidential candidate Robert F. Kennedy Jr., is boosting market confidence. Former US President Donald Trump is also set to speak, adding to the excitement.
đč Mt. Gox Repayments: Minimal Impact on BTC and BCH
Despite initial concerns, the Mt. Gox repayments haven't negatively impacted BTC or BCH prices significantly. Over 350,000 BTC have left exchanges as whales accumulate, and the Bitcoin ETF market has seen substantial inflows. Exchanges like Kraken and Bitstamp have completed their distributions of BTC and BCH assets from Mt. Gox to creditors.
đč BCH Price Analysis
On the 4-hour chart, BCH shows a bullish outlook. The Relative Strength Index (RSI) indicates strong buyer interest, and the Moving Average Convergence Divergence (MACD) also suggests an upward trend. A breakout above $400 could see BCH targeting $500 and possibly year-to-date highs near $700. Key support zones are at $370-$350 and $297.
Stay tuned for more crypto insights! đ
đą Disclaimer: This is not financial advice. Always do your own research before investing. $BTC $BCH $MTL
đą Remember: A lot of hard work goes into providing top-notch investment articles. Your generous tips empower our mission and help us work even harder to give you the best investment advice. #bitcoincash #BinanceHODLerBANANA #BinanceTurns7 #US_Job_Market_Slowdown #US_Job_Market_Slowdown
Bitcoin Cash (BCH) has seen a price surge, reflecting the upward movement of Bitcoin (BTC). The bullish sentiment surrounding the Bitcoin 2024 conference is pushing BCH towards the $400 mark.
đč Bitcoin 2024 Conference Fuels Optimism
BTC is trading at $68,201 on July 27, while BCH hovers near $383, marking a 2.3% increase in 24 hours. The Bitcoin 2024 conference in Nashville, featuring speakers like MicroStrategy's Michael Saylor and presidential candidate Robert F. Kennedy Jr., is boosting market confidence. Former US President Donald Trump is also set to speak, adding to the excitement.
đč Mt. Gox Repayments: Minimal Impact on BTC and BCH
Despite initial concerns, the Mt. Gox repayments haven't negatively impacted BTC or BCH prices significantly. Over 350,000 BTC have left exchanges as whales accumulate, and the Bitcoin ETF market has seen substantial inflows. Exchanges like Kraken and Bitstamp have completed their distributions of BTC and BCH assets from Mt. Gox to creditors.
đč BCH Price Analysis
On the 4-hour chart, BCH shows a bullish outlook. The Relative Strength Index (RSI) indicates strong buyer interest, and the Moving Average Convergence Divergence (MACD) also suggests an upward trend. A breakout above $400 could see BCH targeting $500 and possibly year-to-date highs near $700. Key support zones are at $370-$350 and $297.
Stay tuned for more crypto insights! đ
đą Disclaimer: This is not financial advice. Always do your own research before investing. $BTC $BCH $MTL
đą Remember: A lot of hard work goes into providing top-notch investment articles. Your generous tips empower our mission and help us work even harder to give you the best investment advice. #bitcoincash #BinanceHODLerBANANA #BinanceTurns7 #US_Job_Market_Slowdown #US_Job_Market_Slowdown
Disappointed with the $ETH ETF?
I've seen folks toss their bags in frustration.
Leaving now? That's the BIGGEST mistake you'll ever make.
In hindsight, itâll be glaringly obvious.
#ETH_ETFs_Trading_Today #BinanceTurns7 #US_Job_Market_Slowdown #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions $BTC $ETH
I've seen folks toss their bags in frustration.
Leaving now? That's the BIGGEST mistake you'll ever make.
In hindsight, itâll be glaringly obvious.
#ETH_ETFs_Trading_Today #BinanceTurns7 #US_Job_Market_Slowdown #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions $BTC $ETH
$BTC post halving dips are for buying
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #BinanceTournament
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #BinanceTournament
Santiment: #bitcoinâïž coin sentiment is showing signs of greed and FOMO following a spike of +8.7% over the past 48 hours. Comments are 49% positive, 21% neutral, and 30% negative for the largest cryptocurrency by market capitalization. Also, keep an eye on Popcat from Solana, a growing meme coin that is generating serious interest among traders.
$BTC #ETH_ETFs_Approval_Predictions #BinanceTournament #Megadrop #MtGoxJulyRepayments
$BTC #ETH_ETFs_Approval_Predictions #BinanceTournament #Megadrop #MtGoxJulyRepayments
$PEPE E Weekly chart update
Price dropped under that key weekly high it was holding before.
As long as price doesn't reclaim this broken zone it's not really a good looking weekly chart to me.
PEPE#Ethereum_ETFs_Expected_Date #CPI_BTC_Watch #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions
$BTC
Price dropped under that key weekly high it was holding before.
As long as price doesn't reclaim this broken zone it's not really a good looking weekly chart to me.
PEPE#Ethereum_ETFs_Expected_Date #CPI_BTC_Watch #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions
$BTC
$ALPHA H is looking bullish today. After confirming its support at 1$, it is continuing the upside move with a huge volume with a next target of 2.9$ in a shorter timeframe. Bitcoin needs to show some strength too.
Our monitoring shows a 680% profit so far.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #VanEck_SOL_ETFS
Our monitoring shows a 680% profit so far.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #VanEck_SOL_ETFS
Latest news: So far this year, the United States has received 346 bankruptcy filings, the highest level since the 2008 financial crisis đ
There were 75 corporate bankruptcies in June alone, exceeding the peak during the COVID-19 pandemic
The overall economic environment is not very ideal, so everyone should be as frugal as possible when going out!
#BTC_Bounce_Back_to_57k #BinanceTournament #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS
There were 75 corporate bankruptcies in June alone, exceeding the peak during the COVID-19 pandemic
The overall economic environment is not very ideal, so everyone should be as frugal as possible when going out!
#BTC_Bounce_Back_to_57k #BinanceTournament #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS
The S&P 500 and Nasdaq 100 indices closed at record highs on Friday, rising by 0.5% and 1% respectively, while the Dow Jones increased by 67 points. Market sentiment was bolstered by data indicating a slowdown in U.S. employment growth in June and an increase in the unemployment rate to its highest level since late 2021, which put downward pressure on Treasury yields and fueled speculation about a possible rate cut in September. Non-farm payrolls rose by 206,000 in June, and job growth in the previous two months was revised down by 111,000. Communication services stocks led the session, with Meta up 5.9% and Alphabet up 2.5%. Consumer staples also performed well, with Walmart up 2.6% and Costco up 2.7%. In contrast, energy stocks lagged, with Exxon down 1.3% and Chevron down 1.6%. For the week, the S&P 500 posted its fourth positive performance in the last five weeks, gaining 1.2%, the Nasdaq 100 rose by 2.4%, and the Dow Jones increased by 0.3%.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament $BTC $BNB $USDC
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament $BTC $BNB $USDC
$BTC CH 1h
Two scenarios. First, it might go up, but if it goes up and there is a reject after closing FVG, then there is a chance it will go down.
Or go straight down.
Drop target? 369.4#MiCA #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions 1
Two scenarios. First, it might go up, but if it goes up and there is a reject after closing FVG, then there is a chance it will go down.
Or go straight down.
Drop target? 369.4#MiCA #MiCA #IntroToCopytrading #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions 1
$IOTA $BCH $DASH Just save this picture. And youâll understand how your super promising meme coins or super tech coins will perform after altseason. If you wont believe ask Appexindex.pro investors from 2018 đ€
#LayerZero #Megadrop #CryptoTradingGuide #CertiKvsKraken #ETH_ETFs_Approval_Predictions
#LayerZero #Megadrop #CryptoTradingGuide #CertiKvsKraken #ETH_ETFs_Approval_Predictions
The US, German Government is dumping Bitcoinâ
A few days ago, BTC crashed below $60K causing panic among the holders
People started assuming that the bull market is over and BTC is heading towards $50K and lower
Let's look at the facts which suggests that $58.5K was the bottom đ
1) Bitcoin RSI Bottom
âïžAfter the recent BTC dump to $58.5K, the Bitcoin weekly RSI reached an 8-month low. $BTC $BNB
âïž Last time the Bitcoin weekly RSI was this low, BTC was trading at $28,000, and the big reversal started.#VanEck_SOL_ETFS #CryptoPCEWatch #CryptoPCEWatch #MtGoxJulyRepayments #CertiKvsKraken
A few days ago, BTC crashed below $60K causing panic among the holders
People started assuming that the bull market is over and BTC is heading towards $50K and lower
Let's look at the facts which suggests that $58.5K was the bottom đ
1) Bitcoin RSI Bottom
âïžAfter the recent BTC dump to $58.5K, the Bitcoin weekly RSI reached an 8-month low. $BTC $BNB
âïž Last time the Bitcoin weekly RSI was this low, BTC was trading at $28,000, and the big reversal started.#VanEck_SOL_ETFS #CryptoPCEWatch #CryptoPCEWatch #MtGoxJulyRepayments #CertiKvsKraken
$BTC BCH /USDT
Analyzing the 4-hour candlestick chart for Binance, it appears the asset is encountering significant resistance and volatility. The chart shows a distinct downtrend from a high of 410.1, plummeting to a low of 343.9 before rebounding slightly. The moving averages (MAs) indicate key resistance levels: the MA(7) at 376.2, the MA(25) at 376.7, and the MA(99) at 406.6.
The resistance at the MA(25) and MA(7) levels suggests that the price is struggling to break above these short-term and medium-term averages. The longer-term MA(99) further reinforces the bearish sentiment, as the price remains significantly below this level.
Volume analysis shows a substantial spike around the recent low, indicating heavy selling pressure followed by some buying interest. The volume moving averages, MA(5) at 4,767.714 and MA(10) at 7,401.769, also suggest increased trading activity, but the overall trend remains bearish.
For traders, it is crucial to watch these resistance levels closely. A sustained move above the MA(25) could indicate a potential trend reversal, while failure to do so might result in further declines. Monitoring volume changes alongside price movements will provide additional insights into market sentiment and potential breakout or breakdown scenarios.#CryptoPCEWatch #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #LayerZero #MicroStrategy
Analyzing the 4-hour candlestick chart for Binance, it appears the asset is encountering significant resistance and volatility. The chart shows a distinct downtrend from a high of 410.1, plummeting to a low of 343.9 before rebounding slightly. The moving averages (MAs) indicate key resistance levels: the MA(7) at 376.2, the MA(25) at 376.7, and the MA(99) at 406.6.
The resistance at the MA(25) and MA(7) levels suggests that the price is struggling to break above these short-term and medium-term averages. The longer-term MA(99) further reinforces the bearish sentiment, as the price remains significantly below this level.
Volume analysis shows a substantial spike around the recent low, indicating heavy selling pressure followed by some buying interest. The volume moving averages, MA(5) at 4,767.714 and MA(10) at 7,401.769, also suggest increased trading activity, but the overall trend remains bearish.
For traders, it is crucial to watch these resistance levels closely. A sustained move above the MA(25) could indicate a potential trend reversal, while failure to do so might result in further declines. Monitoring volume changes alongside price movements will provide additional insights into market sentiment and potential breakout or breakdown scenarios.#CryptoPCEWatch #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #LayerZero #MicroStrategy
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