Elon Musk, as one of the most notable figures in the cryptocurrency space, regularly influences the market with his statements, the actions of Tesla and SpaceX, as well as personal investments. Investors can use several strategies to effectively monitor and respond to his crypto activity.
#### 1. **Monitoring official news and social media**
Musk often announces important steps on Twitter (X). For example, his tweets about Bitcoin, Dogecoin, or support for certain technologies instantly reflect on prices.
- **What to do**: Follow his account and enable notifications.
- **How to use**: Interpret messages in the context of the current market, avoiding impulsive decisions based on emotions.
#### 2. **Analysis of company treasury movements**
When Tesla or SpaceX buys or sells cryptocurrency, it is reflected in their financial reports or public statements.
- **Example**: The movement of 153 million dollars in Bitcoin by SpaceX — a signal of long-term confidence in BTC.
- **Strategy**: Monitor major corporate actions as an indicator of market confidence.
#### 3. **Technical analysis of highly volatile pairs**
Assets related to Musk — for example, **DOGE-USDT** — often react sharply to his mentions.
- **Current Dynamics (as of 23.07.2025, 12:00)**:
- **DOGE** fell from 0.27095 to 0.26484 over the last 8 hours, despite background interest.
- This may indicate a short-term correction, even in the presence of positive news.
Such movements allow for:
- **Scalping** on short timeframes.
- **Positioning before potential peak movements**, if a new message is expected.
#### 4. **Diversification with a focus on 'Musk-correlated' assets**
Investors can allocate part of their portfolio to assets most influenced by Musk:
- **Bitcoin (BTC)** — as Tesla's primary asset.
- **Dogecoin (DOGE)** — publicly supported by him.
- **XRP** and **BNB** — indirectly related through the X ecosystem and infrastructure initiatives.
#### 5. **Using trading tools on #Binance **
The platform allows:
- Set up **price and volume alerts**.
- Analyze **4-hour and hourly charts** to identify trends.
- Apply **copy trading** or track the behavior of major players through analytical modules.
This approach helps not only to follow the news but also to make informed decisions based on data and market dynamics.
