$BTC theo worst-case scenario as I posted in the previous post. The weekly candle last week was a long red candle with almost no wicks, which indicates a strong selling pressure. In the near term, things are looking worse rather than better. There is a possibility of dropping to the 7x 6x range and if the trade war intensifies, it could even go down to the 5x 4x range. At this point, just sit still and wait, it's not the time to accumulate stocks.
with his influence, do you guys think Trump will let it lose??? Trump is tirelessly trying to catch the bottom even though he is holding a loss of 89 million dollars. You guys understand, right? There will be altcoin ss happening, okay? $BNB
WE'VE HIT THE BOTTOM, DIG DEEPER $BNB altcoin index ss reaching 22 indicates that the current market is still in the bottom formation phase. In previous phases, this index dropped below 25 and took about 3-6 months to create a reversal bottom before altcoins could experience a strong PUMP.
List of conference attendees for the crypto summit at the White House tomorrow 07/03. All major players at the top of the market
In my assessment, there will be positive information from this conference. And behind that is the unified handshake between the major players and Trump to pump and inflate the market in the near future, which also promises a booming altcoin season
Of course, the market won't just rise immediately; it still depends on macro factors, especially the trade war. When everything stabilizes, favorable conditions will allow the market to be pumped strongly again$BTC
Trump announces the decision to reserve the national stock for $XRP $SOL $ADA , a tremendous surge, brothers can catch the rebound, a boost for crypto in the short term
BNB is attempting to recover from the support level of $635, indicating strong buying interest at lower price levels.
This recovery may face selling pressure at the 50-day SMA ($670). If the bulls can push and maintain the price above the 50-day SMA, it will signal that the BNB/USDT pair may trade within a range of $745 to $635 in the coming days.
Conversely, if the price drops from the moving averages, it will indicate that selling pressure is appearing even with small recoveries. In that case, the likelihood of breaking below $635 will increase. If this happens, this currency pair could slide down to $596 and then to $557.
The bears have pulled Bitcoin below the support level of $94,000 on February 18, but the long candle wick indicates strong buying pressure at lower price levels.
The 20-day exponential moving average (EMA) at $97,539 is beginning to trend downward, and the relative strength index (RSI) is in the negative zone, suggesting that the bears have a slight advantage. If the price drops from the 20-day EMA, the BTC/USDT pair could plummet to the support level of $90,000. This remains a crucial level that the bulls need to defend, as breaking below $90,000 would complete the double top pattern.
If the bulls want to regain control, they need to push the price above the 50-day simple moving average (SMA) at $98,954. If successful, this currency pair could rise to $102,500 and then to $106,500.
The business data analysis and investment company Strategy, formerly known as MicroStrategy, is planning to raise an additional 2 billion USD through 0% interest senior convertible bonds to increase its Bitcoin holdings.
According to the announcement on February 18, initial bond investors have the option to purchase an additional 300 million USD in bonds within five working days after issuance. The company stated that all funds raised will be used to purchase more Bitcoin and to supplement working capital.
A Google Web3 expert in the Asia-Pacific region recently revealed that the tech giant is collaborating with key contributors in the Bitcoin ecosystem to “reduce barriers to entry.” Among the proposed initiatives, the expert mentioned plans to integrate Google’s existing authentication protocols with Bitcoin wallets, opening up opportunities to connect digital identities with decentralized asset management.
BNB Chain has just implemented two important updates to enhance the performance and security of its ecosystem. Former Binance CEO, Changpeng Zhao (CZ), highlighted these updates in a tweet, attracting attention from the community.
The main contents of the updates:
Improved transaction performance: BNB Chain has released the first optimized version to handle the surge in traffic on Binance Smart Chain (BSC). Previously, during high traffic times, many transactions were not confirmed in a timely manner, even when users increased gas fees. The new upgrade introduces a shorter waiting time before sealing the block, with each block being formed after 3 seconds, allowing validators to collect more bid prices and improve overall performance.
Enhanced security against MEV attacks: BNB Chain has partnered with leading wallet providers to introduce three protective solutions against MEV (Maximum Extractable Value) attacks, particularly sandwich attacks. These solutions help protect users' transactions, providing a safer and fairer DeFi experience.
These upgrades are part of BNB Chain's roadmap for 2025, focusing on improving transaction speed, user experience, integrating artificial intelligence (AI), and refining tools for developers.
Bitcoin is facing resistance at moving averages, but a positive signal is that the bulls have not given in much to the bears.
btc-altcoin Daily BTC/USDT Chart | Source: TradingView This increases the likelihood that Bitcoin will surpass the moving averages. The level of $100,000 may act as a barrier, but it is expected to be broken. The BTC/USDT pair could rise to $102,500, and then to $106,500.
If the bears want to stop the upward momentum, they need to pull the price below the nearest support level of $94,000. That could push the price down to the strong support at $90,000. The bulls are expected to fiercely defend the $94,000 level because if the price breaks below this level, it will complete a bearish double top pattern with a target of $85,000.
btc-altcoin 4-Hour BTC/USDT Chart | Source: TradingView The BTC/USDT pair is trading in a narrow range from $98,500 to $94,800. The moving averages have flattened out, and the relative strength index (RSI) is just below the average, indicating a balance between supply and demand. The bulls need to push the price above $98,500 to open up the opportunity to rise to $102,200.
Conversely, if the price continues to decline and breaks below the moving averages, that indicates this currency pair may continue to oscillate within the narrow range for some time longer. The short-term trend will lean towards the bears if the price drops below $94,000.
$BNB CROSSING $SOL SOL IN MARKET CAPITALIZATION WHEN CZ SHOWCASES MARKETING TALENT
In the past week, the price of $BNB BNB has increased by 9.4%, raising the market capitalization to over 102 billion USD, marking an important turning point.
CZ has expressed an optimistic view on this development, emphasizing that this milestone is just the beginning, with many significant advances to come in the future.
While many blockchains once dubbed "Ethereum Killers" like Cardano and EOS have appeared and gradually disappeared, Solana is the only name so far that has truly posed a significant challenge to the "world computer."
According to the latest report from the OKX exchange, Solana achieved trading volume on DEX platforms more than twice that of Ethereum in 2024. Along with this, the Q4 2024 Solana situation report released by the cryptocurrency research firm Messari also shows that Solana is leading in many other important metrics such as revenue, total value locked (TVL), and liquidity staking ratio.
In fact, once regarded as a "chain for venture capital (VC)," Solana recorded $840 million in revenue from applications on its platform in Q4 2024, an increase of 213% compared to the same period last year. Notably, nearly half of this figure – $367 million – was generated just in November.