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Bitcoin at a Crossroads: Is the Bull Market Pausing? Or the Calm Before the Surge?
Bitcoin seems to be in a deep 'sleep', hovering around $84,000 recently. As of the time of this article's publication, the Bitcoin quote was $84,560, and it is now quoted at $85,378, which has led many investors to ponder: has the bull market for Bitcoin come to an end?
Looking back at Bitcoin's performance this year, it once reached a high of $109,000, but has now retraced about 22%. This trend cannot be called a 'crash', nor can it be termed a 'surge'; it is more like 'grinding' within a sideways range. However, is this truly the end of the market? Or is it a buildup before the next surge?
The most precious thing in the world is not what cannot be obtained or what has been lost, but the happiness of grasping the present moment.#ē¹ęę®ę½åé²åØå° $BTC
Big THANK YOU š to everyone who's been following and supporting me here on #BinanceSquare ! Your engagement, insights, and energy keep this space vibrant and inspiring. Let's keep growing and thriving together in the crypto world!š„³
A big market could come at any time. The orders placed a couple of days ago have all been secured, and any outstanding orders should continue to be placed. Don't hesitate, once you receive them, it's guaranteed profit! $BTC
The market has been consolidating for a whole week, and as the weekend approaches, there will be no major fluctuations. The direction of the market, whether up or down, has become ambiguous, creating a nerve-wracking oscillation.
It seems that Bitcoin has stabilized around the small support level of 84300, with resistance around 85300. The fluctuation range of Bitcoin is nearly 1000 points, and as the trend changes, the bottom has lowered, with support now around 82700.
Ethereum's fluctuation range is even smaller, between the 1570 and 1600 marks, and there is even resistance around 1590, while there is support at 1570, vividly depicting the struggle to go up or down.
In such market conditions, we should cultivate ourselves, enrich our inner selves, reward our weary bodies, love life, enjoy life, and wait for the market's arrival with a better mindset. Wishing everyone a pleasant weekend.
This is the 34th edition of #ICP Pulse [Season 4], your daily dose of all things Internet Computer. It's time for all things weekly across the network.
Before we start.. I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing. This will help me provide you with more quality information, thank youš«¶ Let's goš«”
1/ $ICP Price Action
Well, the price action has been consolidating for the past 2 weeks or so, in the weekly timeframe, within an important support zone. As you can see here, increasing volumes still are nowhere to be found, hence reducing hopium of further acceleration beyond these ranges. Also, RSI sitting at 36.5ish seems oversold, but only time can tell. Now, into the number ranges. Support: 4.3 -5.0 USD Resisstance: 5.3 - 5.6 USD Other conditions: Open Intert sitting at neutral zones, which is fine. Now, we wait.
Now, we wait for some settlements around the macros and some liquidity inflows for alts.
Note that we are discussing long-term price action here, due to the massive volatility in the cryptocurrency market. As always, remember to do proper research before aping in AS THIS IS NFAš
2/ Onchain Stats Sources: ICP Dashboard, TokenTerminal, and ICTerminal
Internet Identity Count
Another week with exponential growth in the network, where we saw 4.1K entities onboarding the Internet Computer. Let's go
Burned ICP Stats
The total burn count surpassed 1.6M since mercury genesis, which is impressive, while within this week, we saw 43.6K ICP, worth 205K USD, vanishing from the circulation supply. Deflation is on its wayšŖ
Number of new addresses | ICTerminal
Well, this accounts for another ATH in the history of the Internet Computer. This week, the network saw an impressive 40.3K new, unique addresses being activated on Mainnnet.
Mcap vs Fees [Weekly] | tokenterminal
Hmm, not bad. This week, the network was able to generate approximately 216K USD fees, which indicates steady fee generation compared to last week, while the marketcap ranged from 2.56B to 2.7 B. 3/ NFT Stats Sources: DGDG and bioniq 1ļøā£Motoko Ghosts --> š»36 ICP 2ļøā£BTC Flower --> 30 ICP 3ļøā£Peeladies --> šŗ3.1 ICP 4ļøā£icbucks by EgidoVal --> 1.75 ICP 5ļøā£Poked Bots Mutant Army by pokedstudiouk --> 50 ICP 6ļøā£Goated Gamer by The_Swop --> šŗ3.5K sats ckBTC 7ļøā£Motoko Sentinels--> 0.00049 ckBTC 8ļøā£Cubetopia Islands --> 15 ICP 9ļøā£Distrikt PODs --> 1.5 ICP šCharles by onicai --> 0.00085 ckBTC 4/ Gainers and Losers Sources: ICPcoins and ICPTokens Note: stats indicate weekly changes. š£Gainers ā”ļøElna --> 0.017 USD @ 4.3M USD Marketcap (šŗ253%) ā”ļøDecideAI_ --> 0.016 USD @ 16.1M USD Marketcap (šŗ59%) ā”ļøWaterNeuron --> 0.1 USD @ 12.1M USD Marketcap (šŗ55%) š£Losers ā”ļøWindoge98 --> 0.1 USD @ 994K USD Marketcap (š»13%) ā”ļøICPSwap --> 0.005 USD @ 5.3M USD Marketcap (š»8%) ā”ļøKongSwap --> 0.028 USD @ 28.5M USD Marketcap (š»5%)
5/ Inside the ICVerseš§āš šŖ2 Voting Proposals in the NNS. šŖ4 Voting Proposals in the ICLighthouse SNS.
Note: Analytics are calculated based on weekly indicators. šŖTVL on NNS: 1.091 Billion USD [š»5.4%] šŖTVL on ICP DeFi By DefiLlama: 24.4M USD [š»15.5%]
Updates from the DFINITY Foundationš® ā”ļøThe foundation ships a seamless, dark UI for Internet Identity. ā”ļøICPHUB US shipped their latest episode of ICP United. ā”ļøOpenChat goes live in oisy. ā”ļøThe Motoko tip for the week goes live.
6/ Updates from the ICP ecosystem ā”ļøThe legendary Gekctek ships the RSA and JWT packages for the Motoko Programming Language. ā”ļøKongswap ships new price prediction markets. ā”ļøonicaiHQ ships explanation on mAiner. ā”ļødragginzgame ships weekly technical updates.
Well, that's all for todayš Hats off for staying this farš«” Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our #BinanceAlphaAlert fam.
Unplug those wallets, and revoke your permissions as we meet the weekend š„³ Btw, stay tuned for today's educational quizāļø
I'll see ya next week with your daily dose on ICPš«” Until then, take careš
Brothers, Anan @åøå®BinanceåčÆ Issue 10 Launch @LorenzoProtocol ( $BANK ) Subscription Time: April 18th 5:00 PM - 7:00 PM (UTC+8) Latest Rules: Users must complete a valid purchase of Binance Alpha tokens through the Binance non-custodial wallet or Binance exchange 30 days before the TGE (i.e., from March 19, 2025, 00:00:00 UTC to April 17, 23:59:59). An additional 84,000,000 BANK tokens will be used for future marketing activities, with specific details to be announced separately.
After many years in the cryptocurrency market, I have summarized several short-term trading methods and techniques to share with everyone! 1. Skillfully use technical analysis to grasp buying and selling opportunities Technical analysis is an important tool for short-term trading in the cryptocurrency market. By analyzing historical price and trading volume data, one can predict future price trends. Common indicators include: ā Moving Averages: Such as the 5-day moving average and the 10-day moving average. When a short-term moving average crosses above a long-term moving average, it may signal a buying opportunity; conversely, crossing below may signal a selling opportunity. ā” Relative Strength Index (RSI): When the RSI exceeds 70, it indicates that the market is overbought, and prices may decline, consider selling; when it is below 30, the market is oversold, prices may rise, consider buying. ⢠Bollinger Bands: Bollinger Bands consist of three lines; the middle line is the moving average, and the upper and lower lines represent the price fluctuation range. When the price touches the upper band, it may face resistance, signaling a selling opportunity; touching the lower band may provide support, signaling a buying opportunity. 2. Closely monitor trading volume to confirm trend signals Trading volume is a key indicator of market activity and capital flow. When prices rise and trading volume increases simultaneously, it indicates a strong upward trend, and one can continue to hold or buy; if prices rise but trading volume shrinks, the upward trend may be difficult to sustain, be cautious. Similarly, when prices fall and trading volume increases, the downward trend may continue; if trading volume is low, the downward trend may weaken. A significant increase in trading volume when breaking key resistance or support levels is an important signal for trend confirmation. 3. Strictly implement risk control to protect principal safety Risk control is the core of short-term trading and is crucial to investment success. Suggestions include: ā Diversify investments: Do not concentrate all funds in one cryptocurrency; diversify investments across multiple mainstream and potential cryptocurrencies to reduce risks associated with the volatility of a single cryptocurrency. ā” Set stop-losses: Establish stop-loss points before each trade; for example, if losses reach 5%-10%, decisively sell to avoid further losses. ⢠Control position size: The position size of a single trade should not exceed 20% of total funds to prevent significant losses due to individual trading mistakes. 4. Accurately capture short-term hotspots and profit by following trends The cryptocurrency market has fast-changing hotspots. Pay attention to popular projects or newly listed cryptocurrencies to seize opportunities for short-term price fluctuations. 5. Reasonably use arbitrage trading to earn price difference profits Utilize price differences between different exchanges for arbitrage. #BTC
#é¾äøęé Focus determines productivity 16:16 reminder š Chat room friends Jump on the train with the dies sent by Musk Within a few minutes, achieve a 10x increase! #é¾äøå²é Come to the exclusive chat room and dig for gold together
Bitcoin's volatility is even more boring than the weekend, and the US stock market is also closed tonight. Let's send a red envelope to have some fun and wish Binance prosperity and everlasting success. Wishing everyone a happy weekend in advance #åøå®2025Q1åøå ē $BTC
After the S&P 500 index experienced a 5.7% drop since April, Bitcoin rebounded 14% during the same period, soaring from $74,400 to over $85,000.
The market is somewhat confused about this trend and is beginning to seriously examine whether Bitcoin is entering a new cycle decoupled from traditional assets. As the macroeconomic environment continues to change, several factors are beginning to favor Bitcoin, including monetary easing by major global central banks, a weakening dollar, ongoing investments by Bitcoin miners, and its increasingly divergent trend from traditional assets like gold and stocks. More and more traders and analysts believe that Bitcoin may even break through $90,000 in April, setting a new all-time high.
Stable profits are the way to go Congratulations to those who kept up ššš The market is not good But There are still opportunities It just depends on whether you can seize them āāā $BTC
The overall market value of cryptocurrencies has broken through the descending wedge pattern and is testing support again. In the coming days, we may see a continuation of the upward trend.
Teaching a person to fish is better than giving them a fish! No matter if the market is bullish or bearish, Brother Lie always provides a clear five-wave analysis and technical logic analysis for everyone! This includes how to defend and how to withdraw orders! Therefore, in this learning atmosphere over time, as long as you put your heart into it and learn Brother Lie's analysis method, Brother Lie believes your trading skills will definitely improve greatly! So last night, after breaking the key level of 84412, Brother Lie advised everyone to go short and then went to sleep. Later, after the support held and the key level was recovered, the brothers were able to turn around and go long, clearly showing significant improvement, and Brother Lie is very pleased with this. He hopes that the brothers' skills can surpass their predecessors, haha š ps: Brother Lie has no charging items, be cautious of scams!
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