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$BTC
High and low points are rising, go long on the support line!
First take profit at 96300, second take profit at 99500, stop loss if it closes below the support.
High and low points are rising, go long on the support line!
First take profit at 96300, second take profit at 99500, stop loss if it closes below the support.
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The trend of Bitcoin is still in line with the trend, and there are more left-side bets around 93,000.
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#BSC生态活力释放
Recently, the Binance Smart Chain (BSC) ecosystem has shown strong vitality, attracting the attention of numerous developers and investors. Since its launch in 2020, BSC has rapidly become a popular platform for decentralized applications (DApps) due to its high performance and low transaction fees.
Recently, decentralized finance (DeFi) and non-fungible token (NFT) projects within the BSC ecosystem have flourished, driving the prosperity of the entire ecosystem. For example, the daily trading volume of the decentralized exchange PancakeSwap has repeatedly hit new highs, making it a star project in the BSC ecosystem. In addition, the NFT market, such as BakerySwap, has also seen significant growth on BSC, attracting a large number of users to participate.
The success of BSC is inseparable from its support for developers. By providing an environment compatible with the Ethereum Virtual Machine (EVM), BSC enables developers to easily migrate projects from Ethereum, reducing development costs. At the same time, BSC has also launched a $100 million seed fund to support high-quality projects within the ecosystem, further stimulating innovative vitality.
However, with the rapid expansion of the ecosystem, security has also become a focal point of concern. BSC is actively collaborating with security firms to establish a cryptocurrency asset security alliance, enhancing the overall security level of the ecosystem and protecting user assets.
Overall, the vitality release of the BSC ecosystem has brought new opportunities to the blockchain field. With the addition of more projects and user participation, BSC is expected to continue leading the development trend of decentralized applications in the future.
Recently, the Binance Smart Chain (BSC) ecosystem has shown strong vitality, attracting the attention of numerous developers and investors. Since its launch in 2020, BSC has rapidly become a popular platform for decentralized applications (DApps) due to its high performance and low transaction fees.
Recently, decentralized finance (DeFi) and non-fungible token (NFT) projects within the BSC ecosystem have flourished, driving the prosperity of the entire ecosystem. For example, the daily trading volume of the decentralized exchange PancakeSwap has repeatedly hit new highs, making it a star project in the BSC ecosystem. In addition, the NFT market, such as BakerySwap, has also seen significant growth on BSC, attracting a large number of users to participate.
The success of BSC is inseparable from its support for developers. By providing an environment compatible with the Ethereum Virtual Machine (EVM), BSC enables developers to easily migrate projects from Ethereum, reducing development costs. At the same time, BSC has also launched a $100 million seed fund to support high-quality projects within the ecosystem, further stimulating innovative vitality.
However, with the rapid expansion of the ecosystem, security has also become a focal point of concern. BSC is actively collaborating with security firms to establish a cryptocurrency asset security alliance, enhancing the overall security level of the ecosystem and protecting user assets.
Overall, the vitality release of the BSC ecosystem has brought new opportunities to the blockchain field. With the addition of more projects and user participation, BSC is expected to continue leading the development trend of decentralized applications in the future.
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Bitcoin approaches $100,000, how to find the right rhythm at high levels?
Recently, the price of Bitcoin approached $99,000, just a step away from the $100,000 milestone. This historic moment is both exciting and a bit nerve-wracking: the market has risen so high, should we continue to push forward or prepare for a pullback?
In fact, facing such high market levels, calm thinking and reasonable layout are the keys.
Clarify your trading goals
At high market levels, the biggest risk is blindly following the crowd. Therefore, the first step is to ask yourself: are you preparing for short-term quick trades, or do you see long-term potential?
In fact, facing such high market levels, calm thinking and reasonable layout are the keys.
Clarify your trading goals
At high market levels, the biggest risk is blindly following the crowd. Therefore, the first step is to ask yourself: are you preparing for short-term quick trades, or do you see long-term potential?
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U.S. House of Representatives Passes Bitcoin Bill: A New Chapter in the Integration of Bitcoin and Traditional Finance?
#美国众议院通过比特币法案
The elevation of Bitcoin's legal status
First of all, the passage of this bill marks the official recognition of Bitcoin's status within the U.S. financial system. Defining Bitcoin as a 'store of value' asset makes it similar to traditional safe-haven assets like gold. This not only enhances Bitcoin's legitimacy but also paves the way for its application in financial markets.
Increased participation of the banking sector
With a clear legal framework, banks can now legally include Bitcoin in their balance sheets. This means banks can hold Bitcoin as a reserve asset and may even launch financial products related to Bitcoin. This will undoubtedly increase the liquidity and market depth of Bitcoin.
The elevation of Bitcoin's legal status
First of all, the passage of this bill marks the official recognition of Bitcoin's status within the U.S. financial system. Defining Bitcoin as a 'store of value' asset makes it similar to traditional safe-haven assets like gold. This not only enhances Bitcoin's legitimacy but also paves the way for its application in financial markets.
Increased participation of the banking sector
With a clear legal framework, banks can now legally include Bitcoin in their balance sheets. This means banks can hold Bitcoin as a reserve asset and may even launch financial products related to Bitcoin. This will undoubtedly increase the liquidity and market depth of Bitcoin.
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Why does the market rise more, and shorts become 'fuel'? A brief discussion on the phenomenon of 'short covering.'
In the cryptocurrency and stock markets, there is an interesting phenomenon— the more the market rises, the easier it is to trigger more upward movement. One reason for this is the so-called 'short covering' effect. Short trading is originally intended to make money, but when the market rises, they instead become a 'catalyst' for the market. Today, let's talk about what 'short covering' is and why shorts become the 'fuel' that drives prices up.
How did shorts become 'helpers'?
For example, let's say you think Bitcoin is going to drop, so you short it through futures or contracts (that is, selling borrowed coins and planning to buy them back later when the price drops). But if the market doesn't go as you expected and instead starts to rise, that becomes awkward. As the price rises, your short position starts to incur losses, and the more you lose, the greater the pressure. To avoid further losses, you might be forced to close your position—meaning you buy back the coins you sold. At this point, your buying action will further drive up the price.
How did shorts become 'helpers'?
For example, let's say you think Bitcoin is going to drop, so you short it through futures or contracts (that is, selling borrowed coins and planning to buy them back later when the price drops). But if the market doesn't go as you expected and instead starts to rise, that becomes awkward. As the price rises, your short position starts to incur losses, and the more you lose, the greater the pressure. To avoid further losses, you might be forced to close your position—meaning you buy back the coins you sold. At this point, your buying action will further drive up the price.
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How to Avoid Scams in the Cryptocurrency Space: Protect Your Digital Assets
The rapid development of the cryptocurrency space has attracted more and more investors, while also giving scammers an opportunity. Various types of scams are emerging, from fake investment platforms to fake wallets and false airdrops. Many investors have suffered significant losses due to momentary negligence. Below are some common types of scams and strategies to avoid being deceived, hoping to help everyone invest more safely in the cryptocurrency space.
1. Identify fake investment platforms and projects
Scam Description: Fake investment platforms usually use high returns as bait to attract investors to deposit funds. The website appears professionally designed and legitimate, and may even provide fake certificates and recommendations. However, these platforms often abscond with funds in a short period or impose high withdrawal fees that make it difficult for users to cash out.
1. Identify fake investment platforms and projects
Scam Description: Fake investment platforms usually use high returns as bait to attract investors to deposit funds. The website appears professionally designed and legitimate, and may even provide fake certificates and recommendations. However, these platforms often abscond with funds in a short period or impose high withdrawal fees that make it difficult for users to cash out.
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How to Safely Withdraw Funds in the Crypto Space: Avoid Risks and Ensure Wealth Stability
Capital outflow in the crypto space has always been a key focus for cryptocurrency investors, especially when market volatility increases and risks rise. How to safely convert digital assets into fiat currency becomes particularly important. There are many potential risks and pitfalls in the outflow process, and choosing the right channels and strategies is essential to ensure asset security. Here are some strategies and recommendations for safe outflows.
1. Understand the Difference Between OTC Trading and Regular Platforms
Many people choose to conduct outflows through OTC trading, especially those with large trading volumes and high liquidity needs. However, the OTC market is mixed; some unregulated 'U traders' may exaggerate risks, create panic, or even sell anxiety. Therefore, it is advisable to choose reputable trading platforms or verified OTC traders for cooperation. Large trading platforms like Binance and OKX's OTC services usually provide higher security guarantees, and selecting reputable service providers can help mitigate risks to some extent.
1. Understand the Difference Between OTC Trading and Regular Platforms
Many people choose to conduct outflows through OTC trading, especially those with large trading volumes and high liquidity needs. However, the OTC market is mixed; some unregulated 'U traders' may exaggerate risks, create panic, or even sell anxiety. Therefore, it is advisable to choose reputable trading platforms or verified OTC traders for cooperation. Large trading platforms like Binance and OKX's OTC services usually provide higher security guarantees, and selecting reputable service providers can help mitigate risks to some extent.
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Long-Term Profit Strategy in the Cryptocurrency Space: From 'Buying in Bear Markets and Selling in Bull Markets' to Deep Investment Planning
In the cryptocurrency market, short-term price fluctuations often leave novice investors dazzled, making it difficult to grasp the correct operational direction. In fact, success in the cryptocurrency space does not lie in chasing short-term gains but in adhering to a steady investment strategy.
I. Understanding Market Cycles and Investment Rhythm
Cryptocurrency prices are highly volatile, but their market cycles have certain regularities. Generally, bull markets last from 6 months to 1 year, while bear markets last from 1 to 2 years. This means that each bull-bear cycle lasts approximately 3 to 4 years.
To remain undefeated in the market, the simplest and most effective method is to build positions in bear markets and exit in bull markets. According to historical data, Bitcoin has averaged several times increases in each bull market, while experiencing significant pullbacks in bear markets, providing data support for the strategy of 'buying in bear markets and selling in bull markets.' For example, Bitcoin's price fluctuated around $5,000 during the bear market in early 2020, while during the peak of the 2021 bull market, it once broke through $60,000. This kind of drastic rise and fall offers stable profit opportunities for long-term investors.
I. Understanding Market Cycles and Investment Rhythm
Cryptocurrency prices are highly volatile, but their market cycles have certain regularities. Generally, bull markets last from 6 months to 1 year, while bear markets last from 1 to 2 years. This means that each bull-bear cycle lasts approximately 3 to 4 years.
To remain undefeated in the market, the simplest and most effective method is to build positions in bear markets and exit in bull markets. According to historical data, Bitcoin has averaged several times increases in each bull market, while experiencing significant pullbacks in bear markets, providing data support for the strategy of 'buying in bear markets and selling in bull markets.' For example, Bitcoin's price fluctuated around $5,000 during the bear market in early 2020, while during the peak of the 2021 bull market, it once broke through $60,000. This kind of drastic rise and fall offers stable profit opportunities for long-term investors.
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