Alright, I will provide you with some details based on technical analysis to discuss the possible trends of Bitcoin over the next 7 days. The following analysis assumes that Bitcoin's price oscillates between $70,000 and $90,000 until February 27, 2025, and combines common technical indicators and chart patterns for speculation. Of course, this is based on assumptions and conventional methods, and the actual trend still needs to reference real-time data.
### 1. **Support and Resistance Levels** - **Support Levels**: - $77,000: This may be a short-term psychological and technical support level, usually associated with historical price clusters or Fibonacci retracement levels (like 0.618).
Although stablecoins only account for 6% of crypto's market cap, they drive 93% of daily volume.
The market is desperately in need of stable value, yet we have built this utility on banks. We have made crypto dependent on the very system it aimed to replace.
Now is the time to change it.
Mine $QUAI. Mine $QI. Reignite the crypto revolution. ⚡️💵
While stablecoins are only 6% of crypto's market cap, they drive 93% of daily volume.
The market is screaming for stable value, yet we've built this utility on banks. We made crypto dependent on the very system it aimed to replace.
It's about time we change it.
Mine $QUAI. Mine $QI. Reignite the crypto revolution. ⚡️💵
The cryptocurrency trading platform Backpack Exchange, founded by former FTX employees, announced the successful acquisition of FTX EU for $32.7 million.
This acquisition has been approved by the Cyprus Securities and Exchange Commission.
Actions have been taken for Backpack to advance into Europe, and with the additional MiFID II license obtained, it has been reborn as "Backpack EU", allowing it to provide cryptocurrency derivatives trading services in Europe, including perpetual contracts and more.
A new campaign is expected to launch in February 2025, kicking off the first season, and everyone is welcome to join at that time.
Without enduring the chilling cold, it is hard to appreciate the fragrance of plum blossoms.
<Quai> Weekend Plan: 1. Wake up 2. Drink coffee 3. Tell people to mine $QUAI $QI 4. Provide them with resources to become super brains 5. Turn on the mining machine 6. Bring online more mining machines 7. Sleep 8. Repeat