Bapetel Bao
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Today, the cryptocurrency market is experiencing a slight correction after a period of notable growth. Here is an overview of the major cryptocurrencies:
Despite these slight declines, the overall cryptocurrency market maintains a significant capitalization, estimated at around $3.753 billion, with Bitcoin dominance at 56.65%.
In addition, some altcoins are experiencing notable movements. For example, Pudgy Penguins (PENGU) has recorded an impressive increase of 877.63% over the last 24 hours.
It is important to note that the cryptocurrency market is characterized by high volatility. Investors must therefore remain vigilant and informed of current trends to effectively navigate this dynamic environment.
#DYOR🟢.
Despite these slight declines, the overall cryptocurrency market maintains a significant capitalization, estimated at around $3.753 billion, with Bitcoin dominance at 56.65%.
In addition, some altcoins are experiencing notable movements. For example, Pudgy Penguins (PENGU) has recorded an impressive increase of 877.63% over the last 24 hours.
It is important to note that the cryptocurrency market is characterized by high volatility. Investors must therefore remain vigilant and informed of current trends to effectively navigate this dynamic environment.
#DYOR🟢.
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The week started badly for cryptocurrencies, with Bitcoin falling below 95,000 $ on Monday, remaining below 100,000 $ on Tuesday, registering a 2% drop over 24 hours. Altcoins suffered heavier losses, such as XRP (-10%) and Dogecoin (-7.7%).
Despite a spike in declines reaching 20% over 24 hours for some tokens, the losses have partially offset themselves. The total market capitalization fell by 6.6%, marking the worst decline in two months, accentuated by massive liquidations (1.38 billion $ in long positions).
However, Bitcoin spot ETFs attracted 500 million $ on Monday, showing sustained interest. Investors remain cautious ahead of the release of US inflation data tomorrow, which could influence Fed expectations. A general hesitation is likely to persist, leaving room for opportunities if the CPI is supportive.
Despite a spike in declines reaching 20% over 24 hours for some tokens, the losses have partially offset themselves. The total market capitalization fell by 6.6%, marking the worst decline in two months, accentuated by massive liquidations (1.38 billion $ in long positions).
However, Bitcoin spot ETFs attracted 500 million $ on Monday, showing sustained interest. Investors remain cautious ahead of the release of US inflation data tomorrow, which could influence Fed expectations. A general hesitation is likely to persist, leaving room for opportunities if the CPI is supportive.
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Strategy for scalping on Binance:
Identify cryptos ready to explode in 15 minutes:
1. Quick analysis on Binance:
Go to the Markets section.
Sort cryptos by Top Gainers (winners of the last hour).
Analyze the charts on a 5-minute frame to spot an uptrend (+3-5% in the previous hour).
2. Divide your capital into 3 parts:
Invest a third if the crypto shows bullish momentum.
If it drops by 2%, invest a second part.
If it drops by another 2%, place the last part.
3. Exit strategy:
Set a Take Profit at 3-5%.
Exit if the price reaches your average entry point or starts to reverse.
---
Tips for success:
Follow your plan strictly.
Expect 5-7 winning trades out of 10 on average.
Use stop-losses to limit losses.
Stay disciplined and avoid greed.
---
This strategy focuses on cryptos with strong momentum and reduces risk through three-step capital management.
Identify cryptos ready to explode in 15 minutes:
1. Quick analysis on Binance:
Go to the Markets section.
Sort cryptos by Top Gainers (winners of the last hour).
Analyze the charts on a 5-minute frame to spot an uptrend (+3-5% in the previous hour).
2. Divide your capital into 3 parts:
Invest a third if the crypto shows bullish momentum.
If it drops by 2%, invest a second part.
If it drops by another 2%, place the last part.
3. Exit strategy:
Set a Take Profit at 3-5%.
Exit if the price reaches your average entry point or starts to reverse.
---
Tips for success:
Follow your plan strictly.
Expect 5-7 winning trades out of 10 on average.
Use stop-losses to limit losses.
Stay disciplined and avoid greed.
---
This strategy focuses on cryptos with strong momentum and reduces risk through three-step capital management.
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