🔴 In the past 24 hours, the crypto market experienced significant liquidations, amounting to around $715 million.

Many traders are suggesting that this is the final dip and the market is poised for a rally from here. However, whether or not the market will rally isn't the most important thing. Instead, ask yourself these critical questions:

- If it rallies, how will you profit from the rally?
- How will you cut your losses if it doesn’t rally?
- What signals from the charts and data confirm the rally or indicate a downturn?
- What is your risk management strategy?
- How will you adjust your positions based on market conditions?
- What is your exit strategy for both profits and losses?

The focus should be on preparation and strategy rather than speculation. Look at the charts, analyze the data, and trade based on informed decisions. Formulate a plan, act according to what the market tells you, and be ready to adjust if things don’t go as expected.

“It was never my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!"
- Jesse Livermore

This highlights the importance of patience and discipline in trading. Waiting for the right opportunity is like an insurance policy for your trades, ensuring that your decisions are based on solid analysis rather than guesswork.

Ultimately, successful trading is about making informed decisions, managing risk, and being prepared for any outcome. Use these questions to guide your strategy and ensure you're ready for whatever the market throws at you.

#BinanceTournament #ETHETFsApproved #altcoins #BlackRock #bitcoin

*RED OR GREEN?*

Constantly checking your crypto position every five minutes can lead to unnecessary stress and emotional trading decisions, which often result in poor outcomes.

This behavior can cause you to react impulsively to short-term market fluctuations, increasing the likelihood of making mistakes.

To overcome this, establish a clear trading strategy and set specific times to check your positions, such as once or twice a day.

Use tools like alerts for significant price movements to stay informed without constant monitoring.

Additionally, practicing mindfulness or engaging in hobbies can help manage anxiety related to market volatility.

#crash #Bitcoin #CryptoNews🚀🔥 #portfolio #BinanceSquareFamily

*PORTFOLIO UPDATE*

I'm excited to share an update from my new portfolio allocation in altcoins.



Currently, I'm focusing on Pyth Network.

$PYTH , a cornerstone in providing real-time price data for cryptocurrencies, stocks, and more. With a valuation exceeding $7 billion, Pyth Network offers over 380 reliable price feeds across 50+ platforms, crucial for decentralized applications (dApps).

I'm accumulating Pyth conservatively, looking to add more if it dips to new lows, given its pivotal role in the financial innovation landscape.

Additionally, I have my eyes on BlockDAG, a rising star in blockchain technology.

BlockDAG has surged by an impressive 1120% and raised over $50 million in its presale phase.
This project aims to redefine scalability and efficiency in blockchain networks, presenting a high-risk, high-reward opportunity for adventurous investors in the crypto space.

I have also allocated some of my funds to bet on BlockDAG as it seems promising.

This project aims to redefine scalability and efficiency in blockchain networks, offering a high-risk, high-reward opportunity for those seeking dynamic investments in the crypto space.

Here's the link to the presale, copy this and paste on your browser to become a part of BlockDAG Network.

https://purchase2.blockdag.network/?ref=ybqyi7xo

#Market_Update #BTC #Altcoinseason2024 #DEFİ #blockDAG

*PORTFOLIO UPDATE*🚀

I believe that the bottom is almost near for $CHZ and I've started to accumulate CHZ recently.

If in the next couple of trading sessions, if $BTC manages to sustain above 68k, we might see bullish sentiments on fundamentally strong altcoins and I'm betting on CHZ for the following reasons:

The Chiliz Chain "Dragon8" hard fork is set to bring major upgrades that can boost the value of $CHZ :

-Advanced Technology: New tools for developers mean more and better applications on Chiliz Chain.

-Improved Transaction System: Cheaper and more predictable fees will attract more users.

-Fee Burning: Reducing the total supply of $CHZ , which can drive up the price.

-Controlled Inflation: Gradually decreasing new token creation supports long-term value.

Fundamentally, these changes make $CHZ a strong candidate for long-term growth, so I'm starting to accumulate CHZ/USDT slowly.

Keep in mind that if BTC cannot reach 68k again, the situation will be bad for the short term but I'll be using the lows to accumulate more.

💰Not a financial advice. Only use the amount you can afford to lose in the long term.

#Market_Update #CHZUSDT #CryptoNews🚀🔥 #BTC☀

Unpopular Opinion: Bitcoin whale watching is 'useless' in speculative trading.

Watching Bitcoin whales (big investors with a lot of Bitcoin) won't give you any real trading advantage. It might be popular for guessing market trends, but it's not actually useful.
While these whales can impact the market, their actions can be read in many ways and don't give clear signals.

For example, if a big Bitcoin wallet that’s been inactive suddenly starts moving coins, it might look like they're planning to sell, especially if the coins go to an exchange. But even if a lot of Bitcoin is sold quickly, it doesn’t always mean a big sell-off is happening.

Often, these moves are just part of managing multiple wallets and accounts, especially for big firms and institutions. The data is messy, and most of the big wallets are likely just ETFs and exchanges moving money around. Honestly, it's just attention-grabbing stuff with no real value.

#BTC☀ #Whalestrap #BTC $BTC #Tips

🚨 **Market Update** 🚨

Hey traders,

Big day today! The U.S. Consumer Price Index (CPI) inflation data is set to be released at 8:30 AM ET. This crucial indicator of inflation will give insights into the current economic conditions. 📊

Later tonight, the Federal Reserve will announce its decision on interest rates. This decision can significantly impact borrowing costs and the overall market sentiment. 📈

⚠️ **Advisory for Traders** ⚠️

For those trading in futures and other speculative markets:
- Avoid entering trades based on anticipated news: Market reactions can be unpredictable.

- Consider staying out of the market during these announcements if you're not a long-term investor.

Remember, this advice is mainly for short-term and speculative traders.

Trade safely! 💼

#Marketupdates #CPI #FedRateDecisions #BTC☀

Important Notice for Traders!

This Wednesday brings CPI data, the Federal funds rate decision, and the FOMC meeting.

It’s almost certain that the FED funds rate will stay at 5.5%, which is already anticipated by the market. CPI data is expected to align with predictions, possibly showing a 0.1% Y/Y decrease.

The FOMC meeting will likely indicate that further rate adjustments are needed, potentially causing volatility but essentially suggesting the FED needs more data for future decisions.

For short-term traders, it’s advisable to wait until the Fed rates are announced. It’s not just the rate decision that will impact the market, but also the accompanying speech from the Fed Chairman. The insights from this speech can significantly influence market sentiment.

Therefore, it’s best to wait and see what the Fed Chairman has to say and then build positions based on the broader market reactions. This is particularly crucial for those involved in futures and derivatives trading.

The recent jobs data, which impacted crypto prices, makes a rate cut in July highly unlikely and suggests we might see only one rate cut this year instead of two. For those unfamiliar with interest rates, a decrease in rates would generally be positive for crypto, as it would lead to more investment in the market.

#CryptoNews #FedRateCut #Fed #InterestRateDecision #CPI数据

Ripple $XRP Faces Uncertain Future Amid SEC Appeal Speculations.

On Saturday (June 8), XRP declined by 1.30%, ending the session at $0.4928.

XRP tracked the broader crypto market into negative territory while investors await two significant crypto court rulings.

On Sunday, investors should monitor SEC vs. crypto case-related news and SEC chatter.

XRP Price Action:
Daily Chart-

XRP remained comfortably below the 50-day and 200-day EMAs, confirming bearish price trends.

An XRP break above the trend lines could signal a move to the 50-day EMA. A break above the 50-day EMA could give the bulls a run at the 200-day EMA.

SEC vs. crypto case-related news and SEC activity warrant investor attention.

Conversely, an XRP drop below the $0.48 handle could bring the $0.45 handle into play.

The 14-day RSI reading, 37.19, suggests an XRP fall below the $0.48 handle before entering oversold territory.

Why Didn't Bitcoin's $BTC Price Rise Despite Adding 1,901 BTC to ETFs in One Day?

Bitcoin exchange-traded funds (ETFs) are seeing a big increase in investor interest. On June 7 alone, they added a total of 1,901 Bitcoin, valued at $132 million, within just 24 hours. This marks 19 consecutive days of such activity.

In terms of inflow distribution, BlackRock saw the highest inflow, adding 2,450 BTC worth $169.2 million. Grayscale, however, experienced an outflow of 524 BTC valued at $36.3 million, while Ark saw a modest inflow of 99 BTC totaling $6.9 million.

Despite this significant investor interest, the price of Bitcoin dropped below $70,000 to $69,428.07, down 2.56%. This lack of price movement despite large inflows has led to speculation within the cryptocurrency community.

Many are uncertain about Bitcoin's performance, especially considering its slow rise post-halving. Some fear a potential bearish trend. However, the consistent inflows suggest otherwise.

Historically, prolonged sideways movement amid large inflows has preceded bullish runs, leading industry leaders like Mike Novogratz, Robert Kiyosaki, and Tom Lee to predict soaring prices.

Bitcoin's price tends to follow similar patterns after halving events, often resulting in significant price peaks. If these predictions hold true, investors like BlackRock and Grayscale could stand to profit immensely as Bitcoin's value rises.

#BullRunAhead #CryptoNews #Bitcoin

What are your thoughts on BTC?

Bitcoin $BTC Price Prediction for June 8

The price of Bitcoin (BTCUSD) has dropped by 2.73% over the last 24 hours, as shown by CoinStats.

Hourly Chart:
Bitcoin is currently trading in the middle of a narrow channel. Buyers might consider an upward move only if the price returns to the $69,500 zone, potentially leading to a resistance breakout.

Daily Time Frame:
The situation remains unchanged from yesterday. Neither bulls nor bears are in control, indicating that sharp moves are unlikely in the near future. Sideways trading around the $69,000 mark seems more probable.

Midterm Outlook:
Bitcoin has again failed to stabilize above the $70,000 zone. As long as the price stays below this level, a correction to the $66,000 range is expected.

Bitcoin is trading at $69,539 at the time of writing. #Bitcoin #CryptoNews

Millions in Token Liquidations for $DOGE $PEPE and $WIF Here's the Story:

The broader cryptocurrency market is seeing a significant slump, hitting top meme coins hard with notable liquidations. According to CoinGlass, total market liquidations are at $413.85 million right now.

Meme coin liquidations:
Dogecoin (DOGEUSD), PEPE, and Dogwifhat (WIF) are among the top meme coins facing the most liquidations over the past 24 hours. The price drop in these meme coins follows a brief rally from last week.

Key figures:
PEPE: Suffered the most with $9.33 million liquidated (729 billion PEPE). Long traders took the biggest hit.

Dogecoin (DOGEUSD): Lost $8.27 million, translating to 56.9 million DOGE liquidated.

Dogwifhat (WIF): Also hit hard with $4.14 million in liquidations.

These drops are a result of significant price declines: Dogecoin fell by 9.57%, PEPE by 11.28%, and Dogwifhat by 18.33%.

Other meme coins like Shiba Inu and FLOKI also saw losses, dropping 8.11% and 11.72%, respectively.

Looking ahead:
Despite the dip, there's potential for a strong rebound. Some meme coins, like Dogecoin, are showing positive signs with whale accumulation and potential smart contract integration, which could drive prices up in the near future.

Hey everyone! 🚀

Next week is going to be action-packed! 📈💥
Key dates to watch:

June 12th: US CPI data 🕵️‍♂️
Later that night: FED Interest rates announcement 🏦

These events will play a crucial role in determining the dollar’s fate. 💸

How will it affect crypto? $BTC $ETH
Changes in CPI and interest rates can cause significant volatility in the crypto market. 📊
A higher CPI might lead to increased interest rates, potentially making crypto less attractive as an investment. 📉
On the other hand, if the Fed keeps rates low, we might see a boost in crypto prices. 🚀

Stay tuned and be prepared for some market movements! 🌊
#FedDecision #fedinterest #bitcoin #cryptonews

NFP for May crush analyst estimates. New jobs in US economy total 272,000. Outlook for interest rate cuts clouded again.

Investors had hoped to see another cool jobs report and string it together to the one in April. That way, the Fed would’ve had two consecutive months of soft job growth to work with. Such softening in the workforce should bring markets closer to the start of the interest-rate cut campaign.

Now, however, this question is back on the table: is the progress reversed and are we getting rate cuts this year at all?

Fed boss Jay Powell will provide much needed guidance next week when the Fed decides its interest rate.

#Bitcoin #CryptoNews #altcoins #FED #Inflationrate

Heads up! The Consumer Price Index (CPI) data is dropping on Thursday May 16th.

What does this mean for crypto?

CPI forms the highlight when it comes to the inflation debate and risk-asset hopes for interest rate cuts.
Prior to that, however, May 14 will see the Producer Price Index (PPI) print for April, along with a public speaking appearance from Fed Chair Powell.

Powell will discuss the economy during a moderated discussion with Klaas Knot, president of the Netherlands’ central bank, De Nederlandse Bank, at the annual general meeting of the Foreign Bankers’ Association in Amsterdam.

Markets have shown themselves to be highly sensitive to Powell’s tone when it comes to hints as to future policy moves.
The latest data from CME Group’s FedWatch Tool underscores sentiment — traders see barely any chance of a rate cut at the Fed’s next meeting in June, with the likelihood only increasing substantially in September.

Keep an eye on market reactions. CPI can influence inflation expectations and impact the broader financial markets.

Stay informed, stay ahead! Happy trading, everyone! 🚀💰

#CryptoNews #CPI #MarketUpdate #Inflation #Fed