The BTC trend is in line with expectations of 106000-102000. Currently, the bearish sentiment and lack of buying are not enough to change the current pattern, unless the price further rises and settles at a high level. The weekend shows a slowdown, maintaining a consolidation range between 102000-104500/105000. $ETH
ETH has dropped nearly 200 points at the resistance level, with a deep spike. This coincides with the lower boundary of the daily line, where the support of the upward trend line overlaps with the lower boundary of the daily line around 2350. The upper resistance level is around 2480-2500. Market conditions change rapidly; specifics should be based on the actual trading situation. Remember to manage risk properly!
After many people in the cryptocurrency space invest and make profits, the most concerning question is 'how to convert cryptocurrencies into cash.' In fact, the methods for cashing out cryptocurrencies are not complicated. Common methods include the following, each suitable for different usage scenarios:
1️⃣ Fiat Currency Trading (C2C) Model
This is currently the most mainstream cash-out method for beginners. On exchanges like Binance, users can sell cryptocurrencies such as USDT and BTC to buyers in the fiat trading zone, who will pay you via Alipay, bank card, WeChat, and other methods. After the transaction is completed, the digital assets are released. This method has low barriers to entry, is fast, supports various payment methods, and is suitable for flexible cashing out on a daily basis.
2️⃣ Withdrawal from Centralized Exchange to Bank Card Some large exchanges support selling digital assets and directly withdrawing them to the linked bank card account. This method generally requires completing KYC real-name authentication and linking a bank card. The advantage is that it is straightforward and simple to operate, but in some regions, regulatory restrictions may prevent smooth usage or may require fees and a certain waiting time.
3️⃣ Cryptocurrency Debit Card For example, the Binance Card launched by Binance allows users to transfer cryptocurrency assets to the card, which are automatically converted to fiat currency at the time of consumption when shopping at merchants that support VISA or Mastercard. This is suitable for users with overseas spending and flexible payment needs, but in some regions, the card issuance threshold may be high or not yet available.
$BTC $ETH The Middle East is engulfed in war, and the possibility of the U.S. getting involved in the conflict is increasing. Will the Federal Reserve be intimidated or continue to hold firm?
1. Bank of New York Mellon: Monetary policy is not suitable for addressing geopolitical shocks, but the tensions in the Middle East do mean that the Federal Reserve will become more cautious. 2. Saxo Bank: The Israel-Palestine conflict may push oil prices higher, re-accelerating inflation, which could hinder the Federal Reserve from lowering interest rates as expected, thereby prolonging market volatility. 3. Dutch Bank: The Federal Reserve may use the rise in oil prices due to the Israel-Palestine conflict as a reason to resist calls for interest rate cuts from Trump, but this will not provide much support for the dollar. 4. Former Powell Advisor: The situation in the Middle East is becoming a 'major variable' for the Federal Reserve. The Israel-Palestine conflict could lead to soaring oil prices, a collapse in market confidence, and even trigger a recession, with the ultimate impact still hard to predict. 5. IG Group: The risk before this week's Federal Reserve meeting is that the situation in the Middle East could become a catalyst for the Federal Reserve to adopt a more dovish stance this week, similar to the impact on the Federal Reserve after the Hamas attack on October 7, 2023. 6. Bank of America: If rising oil prices reverse the inflation trend, it could lead to a more stagflation-like scenario. However, current oil prices are still below levels from a year ago, so we need to continue monitoring the situation; it's too early to draw conclusions now. 7. Citigroup: If the situation in the Middle East worsens and oil prices continue to rise, it will exacerbate the inflation challenges already faced by the Federal Reserve. Previously, Federal Reserve officials have emphasized that they are not in a hurry to cut rates; if inflation risks increase, the Federal Reserve will only lower rates at the end of the year. 8. Oxford Economics: The rise in oil prices resulting from the Israel-Palestine conflict may make the Federal Reserve more dovish, as the economy has already softened, and the threat from sustained oil price surges to growth and employment may be greater than the threat to inflation itself, potentially prompting the Federal Reserve to cut rates earlier.
$ETH ETH started to see buying interest around 2480, and once again demonstrated good rebound strength near 2450. The short-term support level between 2450-2420 is worth paying attention to, while the rebound resistance above should be focused on around 2580-2605.
$BTC BTC Yesterday's decline was relatively strong, reaching close to the 4-hour lower boundary. Today, it is moving in a range for upward correction, stabilizing at 104000. Looking for upward correction today, with resistance around 106800, and if broken, looking at 108000. Due to the tense situation in the Middle East, there are still uncertain factors in the market. Recently, strong support is around 102000.