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They say whales need depth. And we need NEAR Because #потенциал
Donald Trump said at night that he now intends to reduce duties on imports from China and promised that "they will agree on a good percentage."
Bitcoin immediately responded with a 3% increase and reached $93,900.
If Trump really does reduce duties for China, market expectations may change dramatically, as this will be a big positive for the world economy, which will also have a positive impact on the crypto market.
At the moment, it is worth watching the trading at the current level and monitoring which trading volumes will dominate. In the case of a positive technical picture and a confirmed reduction in duties, we can expect continued growth. In parallel, we can consider growth in alts, as new liquidity will begin to flow into this sector. However, if the rate is delayed again, my previous scenario will remain in effect. That's how everything on the market can change in a couple of hours. Trump plays as he wants - he changes his mind three times a week, thereby directing the market where it is more convenient for him. It is impossible to predict what is in his head. You just have to adapt to him. $BTC $ETH
The market cap crossed the mark of 2.8 trillion dollars so now we could see some big moves, the market is 95% recovered now people might see chances of good returns and a lot of more money will be poured in the market.
As the market gets flooded by more capital the overall market will turn into an uptrend. But the thing is the sudden rise is suspicious I don't think the mark of 2.8 was supposed to be reached today 🤔. No problem if the market sustains this level then it means that going back to a downtrend is somewhat impossible if any unwanted interference doesn't occur.
I hope the market continues this movement till it is fully corrected or in other words the market cap of 3.1 trillion dollars. After the mark of 3.1 trillion dollars is achieved then everything above that will be making new highs and that's where we will start planning about exiting.
The exciting time is in mid Q3 or mid Q4 according to the market movements. Don't worry we will be planning that together here only but first let the market recover fully 👍👍
Bitcoin continues to rise and is already trading around $91,000.
Due to negative funding (which changed today) and a surplus of shorts, we are being pulled above the technical levels.
The growth will continue until long positions begin to dominate the market and we reach the next significant resistance level, which is in the trading range of $92,000 – $94,000.
A combination of three factors — reaching significant resistance, a repeat shift in funding, and a surplus of longs — should soon trigger a correction. They are pulling this time with a bounce, but I think it won't last long. I believe that all these impulses aim to radically change the market sentiment, and then — arrange a sharp reversal in the opposite direction. In principle, this is a standard scenario that always occurs, but many do not notice it. This time it is unlikely to change, just a bit prolonged. $BTC
Looking at the current market liquidity, we understand that the local growth should continue up to $89,000, as this is where all significant liquidity ends, which can locally attract the price towards it.
Below, around $84,000, we also have a large liquidity block that is also seeking to be covered. Therefore, after the current rebound, there should be a move towards the lower part of the liquidity.
Bitcoin dominance has reached a new high in this cycle today.
We are actively heading higher and higher, as due to the current market uncertainty, more and more liquidity is leaving altcoins daily. This dynamic creates extremely unfavorable conditions for the growth of altcoins.
As long as dominance remains at such a high level, we will have to temporarily forget about a full-fledged growth of altcoins. #BitcoinDominans $BTC