Good afternoon, Binance family! š $SHELL /USDT just skyrocketed by 61.45% shortly after launch, hitting $0.6484 and showing extreme buying pressure. Early entries are already deep in profit, but the key question remains: Will this rally continue, or is a correction incoming? Letās break it down!
š Key Levels to Watch
šŗ Resistance: $0.6503 ā A breakout above this level could send SHELL toward $0.70 and $0.75 in the next leg up. š» Support: $0.60 ā Holding above this zone is crucial for sustaining bullish momentum. A drop below could bring a retracement toward $0.55.
šÆ Trade Setup ā Maximize Your Edge!
š Long Entry: Look for confirmation above $0.65, targeting $0.70, $0.75, and $0.80. š Short Entry: Below $0.60, expect downside targets at $0.55 and $0.50. šØ Stop-Loss: $0.58 ā Protect against trend reversal and limit downside risk.
š Market Insights ā Whatās Driving This Move?
ā Parabolic SAR: Bullish trend confirmation. ā MACD: Strong upward momentum. ā Order Book Strength: Heavy buy-side pressure keeping SHELL pumped.
š” Final Thought: If SHELL maintains momentum above $0.65, we could see an extended rally. However, failure to hold key supports may trigger a sell-off. Stay sharp, take profits wisely, and letās ride this wave together.
Explain like I'm 5: if BTC is scarce/finite, how can all of us have/hold BTC in the future when all of it will have been mined?
Like the title says, I genuinely don't get this. If there's a finite amount of BTC then exactly how will all of us be able to hold BTC to trade/buy/sell as it was originally intended? Doesn't that mean we should all just jump on the bandwagon and start collecting? Because if it's similar to gold, then in short, it's about first come first served, and those who have it the earliest will always be the luckiest. Except none of us are going to find a random gold mine anymore.
Basically how will people be able to get into BTC in the future and use it as a currency, considering its scarcity? I genuinely don't get it.
Huge Liquidation Alert: $XRP Short Position Wiped Out $96.9K Liquidated at $2.490!
The crypto market just delivered a stunning blow to $XRP bears, with a $96.9K short position getting liquidated at $2.490. A surprise surge in price forced this liquidation, and traders are scrambling to understand the sudden move!
What Happened?
A short position means the trader was betting that $XRP would fall. However, when the price spiked to $2.490, it triggered the liquidation, forcing the position to close at a loss. This event shows just how quickly the market can turn, catching traders off guard with unexpected price moves.
Key Takeaways:
1. Unexpected Surge: The price surge caught short traders by surprise, wiping out positions in a flash.
2. Short Squeeze: This liquidation could lead to a short squeeze, where other short positions are forced to close, driving prices even higher.
3. Risk of Volatility: Rapid price movements, especially in highly traded assets like XRP, can lead to massive liquidations.
Why It Matters:
Market Shift: The liquidation suggests a bullish shift, with buyers potentially taking control.
Critical Price Level: $2.490 could act as a key resistance level moving forward will XRP push higher or face resistance here?
Ripple Effect: More short positions might be at risk, and further liquidations could fuel a bigger rally.
What to Watch Next:
1. Price Action: Will XRP hold above $2.490, or will it struggle to break higher?
2. Volume Spikes: Watch for increased volume this could signal continued bullish momentum or a potential reversal.
3. Short Squeeze Potential: Keep an eye on the market could this be the start of a short squeeze driving the price even higher?
For Traders:
1. Manage Risk: If you're trading short, be cautious bullish breakouts can lead to sudden liquidations.
2. Use Stop-Loss Orders: Protect your trades by setting stop-losses to avoid major losses in volatile conditions.
$DOGE This is good advice from the Prof. Act now or cry later.
Professor Mike
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Attention, crypto enthusiasts!!š„šÆ $DOGE is once again presenting an incredible buying opportunity at lower levels! Donāt let this golden chance slip by. Last time I called attention to DOGE at $0.28, many missed out, and we all saw how it surged significantly in just a few daysāover 40%!
Looking ahead, I firmly believe DOGE is poised to double by February 2025. Additionally, with key geopolitical and economic shifts on the horizon, such as potential changes in U.S. leadership, we could see a massive rally for DOGE.
Now is the time to accumulate and hold DOGE for the long term. Thank you all for your ongoing supportāletās make the most of this opportunity together!
He did not say the Fed cannot hold $BTC. What he's said is that he personally is not allowed to hold $BTC.
If I'm wrong then please correct me???
Cryptoalrts
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šØ U.S. BITCOIN RESERVE CANCELED šØ
FOMC isnāt allowed to hold $BTC anymore!
I did an in-depth analysis, and the results are shocking... 𤯠Get ready for turbulence ahead, with a potential dip below $60k. š§µš
š Key Updates from Todayās FOMC Meeting:
1ļøā£ GOOD NEWS: The Fed lowered interest rates by 25 bps ā
Encourages more investment in crypto.
Similar rate cuts in 2021 fueled the legendary bull run. š
2ļøā£ BAD NEWS: Powellās shocking comment:
The Fed cannot hold $BTC and no legislative changes are planned to make this feasible. ā
š¤ What Does This Mean? Letās Dive In:
1. Rate Cuts:
Lower rates = investors shift toward high-growth assets like crypto.
Historically, such moves drive major bullish momentum.
2. Bitcoin Reserve Block:
Powell clarified that the Fed, as an independent agency, is not authorized to hold $BTC.
Congressional action would be required to amend Fed regulations.
š” Could Congress change this?
Yes, with a decisive push from leadership like Trump.
š Why the U.S. Needs a $BTC Reserve:
š The U.S. dollarās global dominance is eroding. š National debt is at record highs. š Hedging with $BTC could secure a strong position in the digital economy.
š What Happened to the Market?
Powellās comments triggered a massive $277M liquidation wave. š
The market is targeting weak hands in a typical shakeout before the next pump. šŖ
Reminder: This feels like the 18k->48k $BTC moves earlier this cycle: 1ļøā£ Pump 2ļøā£ Consolidation 3ļøā£ Upward breakout 4ļøā£ ~20% correction
š ļø My Strategy:
Spot Positions: Holding firm šš
Market is cooling offāhealthy correction.
My target: $90k for $BTC soon, leading to new ATHs.
ā” Final Take:
This is likely just another shakeout before major upside momentum. š„ Stay calm and trust the process. š
Are you ready for the next big move? Letās discuss in the comments! š