đ $BB /USDT â Trade Setup
Current Price: $0.0983
Timeframe: 1H
(Hourly â swing or short-term trade)
Support Level: $0.0963
Resistance Level: $0.0996
Entry Zone: $0.0970 â $0.0980 (pullback entry near support and trend structure)
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đŻ Trade Targets
TP1: $0.0996 (recent local high)
TP2: $0.1010 (psychological resistance + upper wick target)
TP3 (Final Target): $0.1045 (if breakout confirms with volume)
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đ Stop Loss: $0.0950
(Below structure and key hourly support â risk management level)
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đ Introduction to BounceBit & $BB
BounceBit is a CeDeFi Layer-1 chain that combines the security of CeFi custody with the yield power of DeFi. It provides a new way for Bitcoin holders to earn sustainable yield by restaking their assets.
đ Key Features:
BTC Restaking: Stake your BTC to earn dual rewards from centralized and decentralized yield strategies.
Liquid Custody Tokens (LCTs): Receive stBTC or BBTC, which are liquid versions of your staked Bitcoin.
Secure Custody: Assets are custodied with regulated institutions, merging CeFi trust with DeFi access.
Native Token ($BB): Powers the ecosystem through staking, governance, gas fees, and incentives.
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â Benefits of BounceBit & $BB
đ Real Yield for BTC: First protocol allowing BTC to earn both CeFi and DeFi yield.
đ Dual Yield Mechanism: Maximizes ROI by combining centralized stability and decentralized growth.
đ§ LCT Liquidity: Use staked Bitcoin in DeFi while still earning yield (similar to Lido, but for BTC).
đ Regulatory-Compliant Custody: Ideal for institutions and risk-averse BTC holders.
đ Bridge Between TradFi and DeFi: Enables seamless flow of capital from traditional to crypto.
