22:00 UTC —- 5:00 Ha Noi

TLDR

1. The BTTC community is strongly advocating for large token burns, with over 575 billion BTTC already burned and plans to burn additional trillions of tokens, aiming for a significant price increase.

2. The BitTorrent ecosystem is expanding with the launch of the new Validator Partner Program and the ongoing development of decentralized file storage solutions, reinforcing the synergy with TRON.

3. The current price of BTTC is $0.00000067, slightly up about 1.5% in the last 24 hours, with technical indicators showing low volatility and short-term upward momentum.

Positives

1. Tokenomics: Over 575 billion BTTC, accounting for 58% of the total supply, have been burned, with an additional 3 trillion tokens expected to be burned annually in the future, potentially driving price increases in the upcoming period.

2. Ecosystem expansion: The launch of the BTTC Validator Partner Program and the continued development of the BitTorrent File System (BTFS), with over 558 million wallets, demonstrates increasing utility and adoption within the TRON ecosystem.

3. Technical momentum: The Relative Strength Index (RSI) over the last 6 sessions reached 58.05 and is increasing, indicating short-term buying momentum is strengthening for BTTC.

Risks

1. Investor sentiment: Some long-term investors who bought BTTC in 2021 are still facing significant losses, with a drop of up to 86% from the initial investment price of $0.0000066.

2. Low volatility: The average true range (ATR) is extremely low at $0.00000001, and the standard deviation (STDEV) over 5 sessions is $0.00000000, indicating very low current price volatility, which may signal strong movements in either direction.

3. Bollinger Band position: The price is currently at the upper Bollinger Band level, while these bands are very narrow, indicating a potential encounter with resistance or a short-term reversal if buying momentum is not maintained.

Crowd psychology

1. Token burn movement: The community is almost entirely in favor of strong token burns, with many believing that reducing the supply from 990 trillion to just 1 trillion could lead to a price increase of 10,000% and unlock BTTC's true potential.

Install the Binance app to catch the latest insights on BTTC at https://app.binance.com/vi/mp/qr/BUuY3pvW?utm_term=BTTC&ref=TINDUAN&utm_source=Brm8cLnPPfw7BoYTCqg55k&utm_medium=spot_insight&registerChannel=trading_insight