*BTC*: ~$113,775.24 | Range: $113,000 - $116,000 📉 Bitcoin's price slightly decreased by 0.12% in the last 24 hours, with a market capitalization of $2.26 trillion.
*ETH*: ~$3,448.56 | -2.34% ⚡ Ethereum's price dropped, with a market capitalization of $416.27 billion.
*Crypto Market Cap*: ~$3.73 Trillion | -5.04% 🔄 The global cryptocurrency market cap decreased by 5.04% in the last 24 hours.
*Trading Perspective*: - *BTC*: Watch for potential support at $112,722.58; resistance at $116,019.30 - *ETH*: Potential to test resistance near $4,000, but current trends are bearish - *Altcoins*: Selective strength seen; ideal for swing trades, but manage risk due to market volatility.
*BTC*: ~$113,916.44 | Range: $112,722.58 - $116,019.30 📉 Bitcoin's price declined today, with a 0.75% decrease in the last 24 hours, amid market fluctuations.
*ETH*: ~$3,636.58 is not today's ETH price; ETH price dropped below $3,500 amid bearish trends, with potential for market stabilization remaining ¹.
*Crypto Market Cap*: ~$2.34T | ↓ 0.75% 🔄 The cryptocurrency market cap decreased today, reflecting Bitcoin's price movement.
*Altcoins*: - *Bitcoin Cash*: $540.90 | ↓ 3.46% - Other altcoins may have varying price movements.
*Trend Drivers*: - U.S. jobs report miss and Fed cut bets impact market sentiment - Trump's tariffs and Fed policy uncertainty affect investor confidence - Institutional investment and ETF flows influence market dynamics
*Trading Perspective*: - *BTC*: Watch for potential support at $112,722.58; resistance at $116,019.30 - *ETH*: Potential to test resistance near $4,000, but current trends are bearish - *Altcoins*: Selective strength seen; ideal for swing trades, but manage risk due to market volatility.
Keep in mind that cryptocurrency markets are highly volatile and subject to rapid changes. Stay updated with the latest news and analysis to make informed decisions .
*BTC*: ~$114,965 | Range: $114,313 - $118,879 📉 Bitcoin's price declined today, with a 3.12% decrease in the last 24 hours, amid market sell-off and renewed tariff tensions ¹.
*ETH*: ~$3,636.58 | +5.9% ⚡ Ethereum's price increased despite Bitcoin's decline, showing resilience in the market ².
*Crypto Market Cap*: ~$2.28T - $2.34T | ↓ 3.3% 🔄 The cryptocurrency market cap decreased today, with Bitcoin's market dominance evident ³ ¹.
*Trend Drivers*: - U.S. regulatory landscape continues to shape market sentiment - Bitcoin's price drop attributed to tariff tensions and whale/miner selling pressure - Institutional investment and ETF flows impact market dynamics
*Trading Perspective*: - *BTC*: Watch for potential support at $114,000; resistance at $118,000 - *ETH*: Riding momentum; potential to test resistance near $4,000 - *Altcoins*: Selective strength seen; ideal for swing trades, but manage risk due to market volatility.
💰 **BTC**: ~$118,292 | Range: $116 k–$120 k 📉 Stable, narrow trading range amid Fed & White House crypto report anticipation. 💡 SEC’s in‑kind ETF redemptions easing institutional access.
📈 **ETH**: ~$3,798 | +0.6% ⚡ Strong ETF inflows—> ~$2.3B affecting price strength; ETH gaining vs BTC.
🌍 **Crypto Market Cap**: ~$3.83–3.88T | ↓ 1.6–3.8% 🔄 Altcoins: TREE (+89%), MDT (+28%), SPK (+20%) leading moves.
📰 **Trend Drivers**: • U.S. regulatory clarity (GENIUS Act passed July 17) • White House report on digital assets expected • JPMorgan–Coinbase partnership launching • Institutional buying across BTC/ETH ETFs • Kraken raises $500M in new funding
🎯 **Trading Perspective**: — BTC: Consolidation zone. Watch bullish breakout above $120k for next leg. — ETH: Riding ETF momentum—potential to test resistance near $4,000. — Altcoins: Selective strength seen—ideal for swing trades, but manage risk.
*Current Price:* Bitcoin is trading at $117,731.50, with a 1.05% decrease in the last 24 hours. Its market capitalization stands at $2.34 trillion.
*Market Trends:*
- *Volatility:* Bitcoin faced renewed volatility after a minor pullback, stabilizing within a tight range around $114,700. - *Open Interest:* Bitcoin Open Interest has surged to a new all-time high, despite price fluctuations. - *Demand:* Demand is building at the $117,000 level, with cost basis distribution defining key support levels.
*Recent News:*
- *Galaxy Digital's Sell-Off:* Galaxy Digital's $1.5 billion Bitcoin sell-off contributed to Bitcoin's price dip. - *SEC Delays ETF Decision:* The SEC has postponed its verdict on a Trump-backed Bitcoin ETF until 2025. - *US Seizes Bitcoin:* The US government seized $2.4 million in Bitcoin, potentially adding to its strategic reserve.
*Expert Insights:*
- *Bullish Outlook:* Analysts predict a potential surge to $130,000, citing factors like M2 money supply growth. - *Bearish Warning:* Some analysts warn of a possible drop to $110,000, citing fading spot ETF flows and seasonality.
🤔#Take time to read through this . Happy Trading , Binanciers🙂
Binance News
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Federal Reserve Meeting May See Unprecedented Dissent
According to BlockBeats, the upcoming Federal Reserve meeting could witness dissent from two board members, a situation not seen in over 30 years or 259 consecutive policy meetings. Federal Reserve Chair Jerome Powell and some colleagues have indicated a preference for maintaining the current stance during this week's meeting. However, potential dissenters, Fed Governors Waller and Bowman, both appointed by U.S. President Donald Trump, have expressed support for a rate cut, aligning with Trump's public call for such a move. Regardless of Powell's decision, disagreement seems inevitable this week, as a rate cut could face opposition from hawkish members concerned about reigniting inflation.
*Current Price:* Bitcoin is currently trading at $118,888, with a 0.31% increase in the last 24 hours. Its market capitalization stands at $2.34 trillion ¹.
*Recent Trends:* Bitcoin has shown resilience despite market fluctuations. After tumbling below $117,000, it recovered and traded above $118,000. The cryptocurrency's price movements are often influenced by macroeconomic factors, such as inflation rates and central bank decisions.
*News Highlights:*
- *SEC Delays Trump-Linked Bitcoin ETF Decision:* The Securities and Exchange Commission has postponed its verdict on a Trump-backed Bitcoin ETF until 2025, which may impact market sentiment. - *Galaxy Digital's Bitcoin Wallet Activity:* Galaxy Digital's Bitcoin wallet activity suggests possible continued selling amid ETF inflows. - US Seizes $2.4 Million in Bitcoin: The US government has seized $2.4 million in Bitcoin, potentially adding to its strategic reserve ³.
*Market Analysis:*
- *Technical Indicators:* Bitcoin's MACD line crossing below the signal line indicates fading momentum. - *Open Interest:* Open interest has increased by 0.43% in the last 24 hours, suggesting investors are still looking to buy the dip.
For the latest Bitcoin news and updates, check out: - *CoinDesk:* Leader in cryptocurrency news and price data - *Coingape:* Up-to-date coverage of Bitcoin news, market analysis, and price trends - *MarketBeat:* Real-time news feed and analysis on Bitcoin and other cryptocurrencies.
already set a Buy, almost 45 minutes ago, just patiently waiting for the 👀
Pampa1
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🚀 **XRP on the Verge of a Breakout? Wyckoff Spring Signals Bullish Momentum!**
$XRP
Hey Binance Square family! 👋
XRP is making waves on the 1-hour chart, and it might just be the perfect time to pay attention. A recent analysis suggests that XRP has entered the "Spring" phase of the Wyckoff Accumulation pattern—a phase that often precedes significant upward price movements.
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🔍 Understanding the Wyckoff Spring
The Wyckoff Accumulation schematic is a technical analysis pattern that identifies phases of market accumulation before a potential price markup. The "Spring" phase is particularly noteworthy; it represents a final shakeout, where the price dips below support levels to test supply before reversing sharply upward.
In the context of XRP, this spring action could indicate that the asset is poised for a bullish reversal, especially if it successfully tests this level and moves higher.
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📈 Technical Indicators Supporting the Bullish Case
Several technical indicators are aligning to support this bullish outlook:
Exponential Moving Averages (EMAs): On the 1-hour timeframe, XRP's EMA34 is above EMA89 and EMA200, suggesting a short-term uptrend.
Relative Strength Index (RSI): Currently at 54.43, indicating moderate bullish momentum.
Stochastic Oscillator (STO): In the overbought region, reflecting strong buying pressure.
These indicators collectively point towards a potential continuation of the upward trend, especially if XRP maintains support above key EMA levels.
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🌍 Global Factors Fueling XRP's Momentum
Beyond technicals, several global developments are contributing to XRP's bullish narrative:
Institutional Accumulation: Analysts have observed that XRP has been in a consolidation phase between $2 and $3.3, indicating strong accumulation by institutional investors.
Regulatory Developments: The anticipated launch of XRP futures contracts on the Coinbase Derivatives platform, under the US Commodity Futures Trading Commission’s (CFTC) oversight, could inject fresh liquidity and institutional interest into the market.
Market Sentiment: A surge in trading volume, particularly in regions like South Korea, reflects increased investor focus and highlights XRP’s global appeal.
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🎯 Potential Price Targets
If XRP successfully navigates the Spring phase and enters the next stages of the Wyckoff pattern, analysts suggest potential price targets:
Short-Term: A move towards $2.70–$2.80 if XRP breaks above immediate resistance levels.
Mid-Term: A rally to $3.70 by early July, aligning with the completion of the Wyckoff re-accumulation schematic.
Long-Term: Potential surge to $15 or even $70, based on historical patterns and institutional adoption.
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⚠️ Risk Management is Key
While the technical and fundamental indicators are promising, it's essential to approach trading with caution:
Monitor Support Levels: Ensure XRP maintains support above key EMA levels to confirm the uptrend.
Stay Informed: Keep an eye on global developments and market sentiment that could impact XRP's price.
Set Stop-Loss Orders: Protect your investments by setting appropriate stop-loss levels to manage potential downside risks.
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📚 Enhance Your Trading Skills
To navigate the crypto market effectively, consider expanding your knowledge:
Educational Resources: Explore guides like "THE ULTIMATE BINANCE TRADING GUIDE FROM BEGINNER TO PRO" to deepen your understanding of trading strategies.
Stay Updated: Regularly check Binance Square for the latest analyses and market insights.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.