To start the day right, here is the recap of yesterday's crypto news, May 7th! 🗞️
🔥 The Pectra update of #Ethereum is now active on the mainnet since epoch 364032.
🫱🏼🫲🏾 Revolut Bank will allow its users in the UK and some European countries to make payments in #Bitcoin via the Lightning Network.
🇺🇸🇨🇳 US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will begin trade negotiations with Chinese Vice Premier He Lifeng in Switzerland this week.
🤔 Movement Labs is laying off its co-founder and is rebranding to Move Industries, a new entity led by two historical members of the team.
🇧🇹 Bhutan becomes the first country to launch a national cryptocurrency tourism payment system, thanks to #Binance Pay and DK Bank.
$BTC has shown a pattern where most monthly highs and lows occur in the first week of trading. Specifically, in 9 out of 12 months, Bitcoin has set its monthly high or low within the first week. This trend suggests that significant price movements often happen early in the month.
‼️To succeed in the long term, a trader must adopt 3 key habits: 1️⃣ Keep a trading journal to analyze decisions. 2️⃣ Adhere to a clear strategy with strict risk management. 3️⃣ Train regularly to stay up to date.
Ensure liquidity in your positions and strengthen your position on the strongest narratives. Because this cycle is unlike any other. Those who will survive will be those who have learned to shift gears at the right time
Today the FED will announce the decision on interest rates. There will be short-term volatility. I suggest staying calm and not rushing to take positions. We must wait for the FED's announcement.
Two mandatory scenarios:
✓ interest rate cut and BTC could soar to 102000$ or achieve a new ATH.
✓ maintaining current interest rates or increasing rates (unlikely) and BTC will experience a retracement to at least 92800$-90000$ .
You don't buy a coin that is pumping just because you want a specific number of coins. I see people buying Turbo on the rise just because they have a goal for the number of coins to have. The correction will remind you that you must always stick to the plan. Know that Turbo is not the only important project you can have. The problem is that you are always interested in certain projects when they are already pumping, whereas you have hidden gems next to you that are on the decline; when they take off, that's exactly when they will interest you. Invest wisely 😊😉🥂
I also want to join the Square program 👌 so what should I do now?
Lala Weasel PlT2
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The principle is simple:
Activate your Binance Square profile
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