Bitcoin Highlights - Bitcoin's price dropped 4% to around $82,000, a new monthly low [1]. - The decline in Bitcoin's price may also lead to a decrease in its market capitalization. - The $80,000 level is currently a crucial support for Bitcoin's price, and if this level is broken, Bitcoin's price may drop further [2].
Ethereum Highlights - Ethereum's price also fell 1.32% to around $1,837, a new monthly low [1]. - The decline in Ethereum's price may also lead to a decrease in its market capitalization. - The $1,500 level is currently a crucial support for Ethereum's price, and if this level is broken, Ethereum's price may drop further [2]. - On a positive note, Ethereum's monthly RSI (Relative Strength Index) has reached levels similar to those seen during the 2018 bear market, indicating a potential bounce back [3].
- Bitcoin Price Stability: Bitcoin's price has stabilized at around $87,000, with its RSI indicating indecisiveness among traders . - Ethereum Price Forecast: Ethereum developers have scheduled the Pectra mainnet upgrade for April 30, and whales have increased their buying pressure in anticipation of a price uptick . - XRP Price Losses Momentum: XRP's price has lost momentum, risking a crash to $1 if it fails to break through key resistance levels š. - Solana Price Volatility: Solana's price is preparing for a wild ride as risks rise, with potential losses of up to 30% - NFT Sales Recovery: NFT sales have recovered by 4.5% to $102.8 million, with CryptoPunks sales surging 140% - Trump's Tariff Policies: Donald Trump's tariff policies are expected to escalate market uncertainty and risk-off sentiment, potentially impacting crypto markets š. - Crypto Market Trends: The crypto market remains on edge, with investors absorbing tariff announcements and awaiting potential volatility
Benefits of Reading a Simple Trading Book Reading a simple trading book can help you understand the basics of trading, but trading in crypto is a bit different. Here are some tips:
Benefits of Reading a Simple Trading Book 1. Understanding Trading Basics: You'll learn the fundamentals of trading, including technical analysis, chart patterns, and risk management. 2. *Trading Strategies*: You'll discover various trading strategies, such as trend following, range trading, and scalping. 3. *Risk Management*: You'll learn how to manage risk, including stop-loss, position sizing, and risk-reward ratio.
Trading in Crypto 1. *Understanding the Crypto Market*: It's essential to understand the crypto market, including blockchain technology, cryptocurrency types, and market trends. 2. *Choosing a Crypto Trading Platform*: Selecting the right crypto trading platform is crucial, such as Binance, Coinbase, or Kraken. 3. *Crypto Trading Strategies*: Choosing the right crypto trading strategy is vital, such as holding, day trading, or swing trading.
Take Your Trading to the Next Level While reading a simple trading book can provide a solid foundation, trading in crypto requires additional knowledge and skills. By understanding the crypto market, choosing the right trading platform, and selecting a suitable trading strategy, you'll be well on your way to becoming a successful crypto trading .
Fundamental Analysis - BMT coin's project, BMT, is an interesting concept that combines gaming and blockchain. - However, the project is still in its initial stages, and its future is uncertain. - The experience and expertise of the BMT coin team are also important factors that can affect its success.
Conclusion - Based on the analysis, BMT coin appears to be a high-risk investment. - The coin's price is currently low, and its future is uncertain. - However, if you're a risk-taker and like the BMT project concept, you can consider investing in BMT coin.