If the notes include "We are studying the possibility of adopting a central bank digital currency (CBDC)," this raises market interest as it reflects an official trend towards digital technology.
The hashtag refers to tracking the impact of the Consumer Price Index (CPI) ā a key measure of inflation ā on cryptocurrency markets such as Bitcoin and Ethereum.
Currency Origin: BNB was launched in 2017 via the Binance platform, which is one of the largest cryptocurrency exchanges in the world.
Primary Use: Initially, the purpose of BNB was to provide discounts on trading fees within the Binance platform. Over time, its uses have expanded significantly.
Network: The BNB currency has two main networks:
BNB Beacon Chain (formerly Binance Chain): for fast transactions.
BNB Smart Chain (BSC): supports smart contracts and decentralized applications (dApps), and is quite similar to the Ethereum network in terms of functionality.
The trade war means imposing tariffs and trade barriers between countries in order to protect domestic industries or to pressure for political and economic gains. Easing it means better opportunities for the global economy: ā Return of stability to markets ā Increase in trade exchange ā Reduction of inflation (due to lower import costs) ā Recovery of investor confidence
#TradeWarEases When using this hashtag, it usually indicates that the tensions or economic restrictions (such as tariffs and mutual sanctions) between two or more countries (often between China and the United States or among other major countries) have begun to ease ā perhaps after an agreement, a successful round of talks, or mutual concessions.
The price movement is clearly upward with several consecutive green candles ā indicating that there is currently buying strength.
Reaching the upper limit of the Bollinger Band means we may see a short-term correction (slight drop) before the upward trend continues if the momentum persists.
The large trading volume reinforces confidence in the current direction, but caution is required due to the possibility of profit-taking soon.
$BTC Important Note: In cryptocurrency markets, breaking a price level does not always mean a continued rise ā it can be followed by a quick "correction" or significant volatility. $ETH
This price level (2500 dollars) is considered an important technical and psychological mark in the cryptocurrency markets:
Important resistance/support point: If the price is below 2500 for a long time, breaking above it may indicate the beginning of a new upward trend. If it is above and then drops below, it may indicate a trend reversal.
Reasons for the recent rise of Ethereum may include:
1. Transition to Proof of Stake (PoS) Since the "The Merge" event in September 2022, Ethereum has abandoned the Proof of Work (PoW) mechanism in favor of Proof of Stake (PoS). This reduced energy consumption by about 99% and made the network more attractive to institutional investors concerned with environmental sustainability. $ETH
$ETH Ethereum is not just a digital currency like Bitcoin, but it is also a platform for smart contracts and decentralized applications (dApps). This means that its market value does not only depend on being a medium of exchange, but also on its use as a foundation for the decentralized web infrastructure (Web3).
$XRP "The Altcoin Season is Coming" or "Loading the Altcoin Season".
Meaning in the context of cryptocurrencies: Refers to an anticipated period in the cryptocurrency market where the prices of altcoins ā that is, cryptocurrencies other than Bitcoin ā rise at a faster pace than Bitcoin itself. Investors typically use it to hint that the altcoin market is about to start a strong upward wave.
The season of alternative currencies often comes after or during a period of stability or rise in Bitcoin, as traders begin to look for higher opportunities in smaller-cap currencies. However, it is important to note that these seasons can be highly volatile and may involve high profits but also high risks.
4. Clear Resistance Level The peak 0.06758 may be the first resistance that is difficult to break easily if the rise is not accompanied by greater momentum.
Factors Supporting the Downward Scenario (Additional confirmation needs to be monitored):
Formation of Negative Divergence (if the RSI or MACD indicator is not keeping up with the new peaks).
A clear decline in trading volume with the rise (Volume Divergence).
A clear break of the middle Bollinger Band (0.06494) may confirm the start of a deeper decline.
1. Price approaching the upper Bollinger Band The price has exceeded the upper limit (0.06706) and touched 0.06758 ā this is a potential overbought signal, making a correction or decline likely soon.
2. Significant separation between price and moving average The price is far from the moving average (0.06494) ā usually, the price returns to test the average.
3. Potential reversal candles A candle with a long upper wick appears (potential reversal candle), indicating that selling pressure has started to emerge after the rise.
MOODENGUSDT
Short
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PNL (USDT)
-29.02
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