FarooqZia(@Square-Creator-8cb2a49ad30f)'s insights

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🕌 Is Cryptocurrency Halal or Haram in Islam?

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This analysis is a highly comprehensive and technically grounded overview of the crypto market, highlighting the current positions and potential future directions of major coins like Bitcoin (BTC), XRP, Ethereum (ETH), and Solana (SOL). Let's break down the summary and key points: 🔻 Bitcoin: Is $100,000 at Risk? Macro Trendline Breakout Failed: The breakout above the trendline connecting the bull market highs of 2017 and 2021 could not be sustained. Weak Momentum: Both MACD and RSI are showing weakness. Three consecutive red bars on daily charts indicate bearish control. Key Support Level: $11,965 is under threat. If broken, the price could approach $100,000 (possibly triggering panic or a volatility event). Bullish Reversal Condition: The price must break above the $122,056 resistance to invalidate the bearish trend. ⚖️ XRP: Challenging the Correction, But Weak Momentum Resistance: Price is facing resistance at the 38.2% Fibonacci retracement level. SMA Outlook: The 5, 10, 50, 100, and 200-hour SMAs are all in bearish alignment. Key Levels: If the price closes above $3.00, the next target could be $3.33. 💧 Ethereum: Sharply Down Recent 10% decline with a bearish candlestick. Bearish crossover on the 5-day and 10-day SMAs. Two red bars on the three-line break chart → indicates ongoing downtrend. 🌊 Solana: Long-Term Hope, Short-Term Pressure Support at the 61.8% Fibonacci level. A potential “Golden Cross” between the 50-day and 200-day SMAs is forming (a long-term bullish signal). However, the short-term trend remains bearish for now. 🔮 Conclusion: The crypto market appears to be heading toward a deep correction or major downturn. BTC’s $100K level is both psychologically and technically significant — if the support fails, panic selling is likely. Major altcoins like XRP, ETH, and SOL are also under pressure, with only a few long-term bullish indicators visible. Investors must exercise caution, monitor technical signals, and maintain strong risk management strategies. #Write2Earn #bitcoin

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A person, trusting only himself, bought ILV on the Binance exchange at a price of $12.40 on the night of August 3rd. Lady Luck was smiling on him — but the person had no idea. He was confused, distressed, and lonely, cursing his decision, wondering what unfortunate moment led him to make such a move. He was hearing on the news that Bitcoin, which was around $114K, might drop significantly — possibly to $100K or even lower 🧐 His blood pressure kept dropping with this fear… who knows... Anyway, Caught in this dilemma, August 5th arrived in his life. That morning, while waking up with the intention of doing something else, he saw ILV flying high — and was overwhelmed with joy. He then decided to sell ILV at that point, thinking: “If someone wants to stay with ILV until it reaches its all-time high of $2,800, that’s their choice — what can I say?” This is how crypto can skyrocket in minutes, hours, or days — unexpectedly. Tell us was this person’s decision the right one or not? #Write2Earn #Binance

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