I am not optimistic about the recovery pace today of $BTC and #altcoins 🤔 Currently, the momentum indicators of the M15 and H1 frames of #Bitcoin❗ and #total3 are entering an overbought state
👉 Forecasting a potential price drop occurring tonight or tomorrow
🚨 It is not advisable to buy at this time; if you want to buy, at least wait for the momentum to reset
Although #bitcoin has shown the phenomenon of Fakey occurring with the Inside Bar pattern (i.e., a false breakout). However, the volume of the candle wicks is too low
=> Therefore, it is highly likely that this week $BTC will still experience a price drop back to around 102,000 - 103,000 USD to test the buying strength around this price area once again.
Currently, #Cakeswap is benefiting greatly from the Memecoins wave on the BNB Chain as well as the Airdrop campaign from Binance Alpha 👉 In just May, the trading volume on Pancake has reached 172 billion USD and generated revenue of 32.75 million USD for the project
As in previous assessments, the formation of the Inside Bar candlestick pattern will be very easy to trade if you have experience.
🤔 The formation of the second day's candle is one of the signals to determine the next price trend of $BTC throughout this week.
👉 Currently, according to the weekly candle pattern, there is a high probability that #BTC☀️ will continue to maintain an upward trend around the price area of 109,000 USD.
🚀 Therefore, we can observe the adjustments to regain momentum to execute trades with a Long position.
🔑 This largely depends on the closing candle of Monday.
Specifically, there will be 2 scenarios: 1⃣ Next week, #bitcoin will drop sharply at the beginning of the week and will depend on the wick's retraction at the end of the week to determine the next trend (That is, will the weekly candle close above this week's closing price?) 2⃣ All of next week, Bitcoin will maintain sideways movement and primarily increase in price, completely closing with a green candle (however, the range of the green candle will be within the closing and opening price of this week's candle).
Where did Real World Assets (RWA) come from? RWA refers to the tokenization of real assets such as real estate, stocks, bonds, commodities, and art onto the blockchain. The story leading to RWA: Everything began when Satoshi Nakamoto 'gave birth' to Bitcoin in January 2009, opening an era for decentralized blockchain technology. In 2012, in 'The Second Bitcoin Whitepaper', J.R. Willett first hinted at the idea of 'tokenization' – turning physical assets into digital certificates (tokens) through the Mastercoin protocol (the predecessor of Tether today).
The Controversy Surrounding the Decentralization of Sui Network
Cetus Protocol – the largest DeFi protocol in the Sui ecosystem – has just become the victim of a severe attack, causing an estimated loss of hundreds of millions of USD to related projects and users. Currently, the community is closely monitoring how Cetus handles the aftermath and compensates for the damages. However, alongside this, a new wave of interest is also emerging: the true level of decentralization of the Sui Network is being questioned.
👀 You guys pay attention to this item. Although it has no potential at all, it is manipulated by the team regarding total supply like SUI (meaning there is no smart contract to control the locked token amount) it might get pushed strongly => In a bullish wave, items like this can also be quite promising
1️⃣ TVL is continuously increasing and reaching an ATH of $10.12 million
2️⃣ Lisk has successfully transitioned from a Layer 1 (L1) blockchain to Layer 2 on Ethereum, becoming the first L1 blockchain in the industry to accomplish this process. This includes the launch of the Lisk Sepolia Testnet to support developers preparing for the transition.
🎯 Entry: 2.5 - 2.6 USD 🫧 DCA: 1.5 - 1.6 USD (The buy fund price range is 1 USD) 🚀 Withdrawal of principal: 9 - 10 USD 🤑 Take profit: 20-25 USD Project Fundamental Analysis 👇 1️⃣ LayerZero is an important protocol in the blockchain space, focusing on providing solutions for omnichain interoperability. This project allows different blockchains to communicate and transfer assets seamlessly, addressing one of the biggest challenges in the crypto industry: fragmentation between chains.