Will Bitcoin rise or fall soon? Read it, it will help everyone.
Bitcoin has experienced a strong price surge from a low of $109,356 to a high of $82,830. This is a long-term bullish trend, but is currently in a correction phase. Current price pattern: There is a "Cup and Handle" pattern, which is a bullish continuation pattern. This pattern often signals that after a correction (the handle part), the price may continue to rise. The current price is in the "handle" area of the pattern, indicating potential accumulation before a breakout upward.
BTC price has risen sharply from a low of about 31,792.98 to a peak of 95,588.00, then adjusted down to the current level of 82,059.06. This is a correction after reaching the peak. Support and resistance levels: - Nearest support: Around 77,722.15 (EMA 50) and 76,587.69 (MA 50), which are long-term moving average levels where the price could find support. - Nearest resistance: Level 84,644.06 (upper Bollinger Band) and recent peak 95,588.00.
Summary of Jerome Powell's speech - The current economic situation is stable. It is true that the labor market has achieved a balanced inflation rate, but it has not yet met the target. - Risks include temporary stimuli for inflation due to tariffs and the potential for slow growth. - Inflation expectations must remain stable in the long term. It is still too early to assess policy changes. - We will monitor data and policy changes. - The goal remains to maximize employment and stabilize prices.$BTC #NextCryptoETFs? #TrumpTariffs #WhaleMovements #Alpha2.0ProjectEvaluation #Saylor500KClub
$ETH Ethereum is currently in a long-term upward trend (bullish trend), but is currently experiencing a correction after reaching its peak. Price increased from 1,750.0 USD to 4,243.96 USD, then corrected to 1,780.65–1,786.6 USD (a 56% drop from the peak). A "Cup and Handle" pattern was also formed, with the price in the "handle" section, similar to Bitcoin. Support: support zone 1,527.15 USD, and 1,410.0 USD (POC from Volume Profile). Resistance: 2,613.88 USD, and 4,108.4 USD (all-time high).
Altcoin Season
Will it happen? Correlation of Total2 with the rise or fall of altcoins.
TOTAL2 is in a long-term uptrend, illustrated by the ascending price channel with support and resistance lines in green. The price has risen from a low of 492.72B (mid-2023) to the current 978.85B, nearly doubling, indicating that altcoins have experienced strong growth. However, the current price (978.85B) is near the resistance line of the price channel (around 1T), indicating a potential for selling pressure or correction if this level is not broken.
If you can keep your head when all about you Are losing theirs and blaming it on you, If you can trust yourself when all men doubt you, But make allowance for their doubting too; If you can wait and not be tired by waiting, Or being lied about, don’t deal in lies, Or being hated don’t give way to hating, And yet don’t look too good, nor talk too wise:
If you can dream - and not make dreams your master; If you can think - and not make thoughts your aim, If you can meet with Triumph and Disaster And treat those two impostors just the same; If you can bear to hear the truth you’ve spoken Twisted by knaves to make a trap for fools, Or watch the things you gave your life to, broken, And stoop and build ‘em up with worn-out tools:
If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings And never breathe a word about your loss; If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: ‘Hold on!’
If you can talk with crowds and keep your virtue, Or walk with Kings - nor lose the common touch, If neither foes nor loving friends can hurt you, If all men count with you, but none too much; If you can fill the unforgiving minute With sixty seconds’ worth of distance run, Yours is the Earth and everything that’s in it, And--which is more - you’ll be a Man, my son!
-#BSCTradingTips #WhaleMovements $ The best time to buy is not when prices are low, but when prices start to recover. - To hunt successfully and return unscathed, you need to equip yourself with attack and defense skills, have a hunting strategy; otherwise, when it starts to rain, you will be confused, frantically change plans, and make many wrong decisions. When you need to cut losses, you don’t, and you let them get heavier. When prices rise, you don’t sell, but when prices turn and go into losses, you hurriedly sell off.
- Over 90% of investors during a crisis do not set stop-loss orders. Some reasons given are: - I invest for the long term, so prices can go down as much as they want. - I put my money here and will forget about it for a few years, it will definitely profit. - I bought at the bottom, so it cannot go down anymore. - This is idle money, I have no need for it, so I don’t need to set stop-loss. You may not know, during the global economic crisis of 2008, many people who tried to catch the bottom lost all their money, and the things they invested in will never return to their old price levels. The market will recover, but it may take a long time. And even when it recovers, it will be new names, it doesn’t mean that the things you bought will recover. Stay mentally clear. $BTC $ETH
1. Estimated Q2 GDP is down to 1.8%, from 4.1% to 1.8% is also quite worrying**
2. The current decline in interest rates on US bonds shows the market's expectation of an early interest rate reduction by the FED
3. May's core CPI and core CPE also decreased compared to April, and also ended 3 consecutive months of increases in consumer inflation indices.
4. First week of June,. announced that purchasing management PMI data has decreased compared to before, moreover, reports on JOLTS and ADP - data on the job market have also decreased relatively, showing quite clearly the gradual weakening of the economy. current economic situation. 5. Unemployment % in June increased to 4.0%. However, it is still within the FED's permission of below 4.1%. 6. Currently, the number of problem banks on the brink of bankruptcy accounts for 1.4% of all banks, which is within the normal range for non-crisis periods of 1% to 2% of all banks. bank. 📊📊Based on the above analysis, there is a basis to judge that everything is almost on the brink, even the number of banks having problems is 1.4%. Although the FDIC says 1-2% is considered normal at this time, it can be seen that these bad indicators can easily increase rapidly at any time in the near future, causing The market has a very high possibility of falling into a great recession like in 2007-2008. So the Fed's decision is extremely important this June.
Among the listed companies that own bitcoin, electric car company Tesla is the most notable name. However, Tesla is not the institutional investor holding the most of this virtual currency... The infographic below shows the listed companies that currently own the most bitcoins according to data from financial site CoinGecko. Accordingly, as of February 22, 2024, the public company holding the most bitcoins is MicroStrategy with 174,530 bitcoins, estimated to be worth 9.1 billion USD. Based on the transaction price on March 21, this amount of bitcoin is worth about 11.6 billion USD. Last year, MicroStrategy stock price increased more than 350%.
#hotTrends #ETFbitcoin $BTC $ETH GBTC net outflow, down 53% from the previous day... 170 million USD.The net outflow of Grayscale Bitcoin Trust (GBTC), which was experiencing record net outflows, fell significantly. On the 18th, a record net cash flow of 642.5 million USD was recorded. 9th place (443.5 million USD) 20th (386.6 million USD) 21st (358.8 million USD)
Capital outflows from spot bitcoin ETFs increased sharply
Will Ethereum ETH price drop after news of classification as a security or not?
The United States Securities and Exchange Commission (SEC) is waging a regulatory campaign to classify Ethereum, the second most popular cryptocurrency, as a security. Ethereum price could drop to $3,160 amid legal dispute and question of whether ETH is a security. Ethereum (ETH) price is stuck below the 50% Fibonacci placeholder level and could consolidate in this zone for a while as the network fights against state authorities. Both technical indicators, the RSI and the MACD, are down, with the former breaking below 50, while the MACD is moving below its signal line.
#hotTrends $BNB $BTC $ETH Hot! Can Bitcoin decrease? If reduced, here is advice to average DCA prices effectively and minimize risks: 1. Choose small coins, some top or mid-low coins that tend to grow in the future, avoid surveillance coins, ineffective projects, long-term inactivity and pay special attention to capturing them. economic market financial news. Choose a platform with reputable and reliable liquidity, cold wallets, and hardware wallets with good security. 2. DCA Average price is cyclical, so you must gradually buy the price support area that has the ability to reverse long-term on the weekly and monthly frame in terms of both price and time. 3. The amount of capital to buy is guaranteed for a long time, even if it's small, it's okay to deduct a little bit every month and every quarter. Don't borrow for any reason to invest. 4.Monitor price fluctuations if you intend to buy more than the planned amount: You should not rush to buy more when you see a downward price trend or any other reason. Calculate the appropriate quantity and purchase price to avoid losses. 5.Do not ignore market movements: Investing under DCA does not completely eliminate risks due to market fluctuations. You should still pay attention to information and changes in the market to make appropriate adjustments. 6. Don't buy too much at one price: When seeing the price drop low, many people will take the opportunity to buy a lot to get a good price. However, you cannot know what will happen next. It's best to still follow the original DCA strategy. 7. Determine in advance the unbearable 5 to 15% risk threshold (emotional stop loss) to plan.
$BTC $ETH $BNB #hotTrends Altcoin, is Bitcoin likely to increase strongly after halving? The period 2017-2018 was a time of disillusionment after the FOMO game. The main technology is POW, dominated by miners and coin miners on the market. The form of mobilization and investment at that time was mainly through ICO venture capital crowdfunding projects. Many investors have made huge profits from ICO and multi-level capital investment, but many people have gone empty-handed from this form. At this time, SCAM scam projects have appeared. Not only individual investors but also funds lose money with the FOMO game. This is the early stage of the crypto market. The 2019-2020 period is a time of transition. During this period, a number of DeFi projects appeared. However, the game has slowed down, there is no longer the FOMO effect, ICO capital calls have decreased and shifted to IDO and IEO forms. In 2021, projects focus on Layer1 (the main layer platforms of Blockchain), NFT, GameFi, Metaverse and Web3 By 2021, there will be an important transformation of the crypto market with the key technology being POS, ending the game for coin miners, of which Solana is a representative project. After the excitement of Layer1 is the appearance of NFT and GameFi games during the Covid-19 period. It can be seen that the crypto market has witnessed many different trends, including many hot trends such as DeFi, GameFi, NFT, Metaverse. This trend appears, develops, peaks, dies and new trends are created. Moving to the period 2023-2025, the period is about to explode. The period 2023 is the bottom cycle of crypto and general finance BTC ETF is approved as clear evidence that the market needs transparent liquidity.
#hotTrends $BTC $ETH $BNB Crypto can continue to increase or decrease after halving?, banks can cut interest rates in May and June. Or sell in may go away. On the 21st local time, the New York stock market once again closed at an all-time high. Confidence is reviving as the Federal Reserve continues to cut interest rates three times this year.
After the FOMC meeting, Citibank said: “After the first rate cut in June, the Federal Reserve has cut interest rates at each meeting and maintained its forecast for a 125 basis point rate cut. later this year. Labor market strength continues, it will cut at least 75 basis points." emphasized.
Not only Wall Street but also central banks around the world predict the Federal Reserve will cut interest rates in June.
The Swiss Central Bank made a surprise interest rate cut after the FOMC, becoming the first major bank to do so, and the Bank of England froze interest rates, but it was reported that no lawmakers proposed increase.
Accordingly, the industry started to react that not only the US but also the European Central Bank and the Bank of England would cut interest rates in June.