$BTC Potential Scenarios
{spot}(BTCUSDT)
Bullish Scenario
1. Support at $91,466 Holds: If Bitcoin maintains support above $91,466.52 (the 24-hour low), buyers may step in, leading to a recovery.
2. Resistance Breakout: A breakout above the $93,193 moving average (MA25) could signal further upward momentum, targeting $94,973 (recent high).
3. RSI Improvement: If the RSI (currently near 50.15) rises, it may indicate strengthening bullish momentum.
Bearish Scenario
1. Break Below $91,466: If Bitcoin breaks below $91,466, it may test lower levels, possibly around $90,000 or below.
2. Failure at MA Resistance: Rejection at the MA25 ($93,193) or MA99 ($94,669) could signal continued bearish pressure.
3. Decreasing Volume: If trading volume diminishes, it may indicate weak demand, exacerbating downward movement.
Key Levels to Watch:
Support: $91,466
Resistance: $93,193 and $94,669
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#Altcoins
Introducing BFUSD, Binance’s exclusive reward-bearing margin asset designed to support your futures trades while earning extra rewards. Available only on Binance, BFUSD provides a unique way to maximize your trading capital by offering daily USDT rewards. The daily rewards are funded by income made by Binance’s hedging and investment strategies. BFUSD enables you to receive passive income simply by holding it in your USDⓈ-M Futures wallet. Those who trade using BFUSD on USDⓈ-M Futures will receive boosted rewards. Read on to explore how BFUSD works and how best to use it.
What Is BFUSD?
BFUSD is a reward-bearing margin asset created exclusively for Binance Futures users.
Purchased with USDT, BFUSD allows you to earn passive income while using it as margin in USDⓈ-M Futures trading. By simply holding it in your USDⓈ-M Futures wallet you can qualify for daily USDT rewards, while trading with BFUSD on USDⓈ-M Futures qualifies you for boosted daily USDT rewards.
BFUSD is redeemable for USD stablecoin. Binance uses a delta-neutral strategy to maintain the investment and hedging strategy supporting BFUSD, making it a stable component of your margin. This provides flexibility and reassurance.
How Does BFUSD Work?
BFUSD generates rewards funded by Binance’s investment and hedging strategies, primarily involving delta hedging and staking Ethereum (ETH). These investments and hedging strategies produce passive income, which funds rewards to BFUSD holders.
#GODINDataForAI #BinanceHODLerTHE #XRPMarketShift #BTCWatchZone #BFUSD
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$SOL
{future}(SOLUSDT)
$ETH price is testing minor resistance at the 25-MA ($3,434.14). A breakout above this level could indicate further bullish momentum towards $3,447 (99-MA).
Support Level: Strong support is around $3,408.53 based on the chart's recent consolidation.
Resistance Level: The next major resistance is around $3,460.54, with a potential for further gains to test the 24-hour high at $3,546.66.
Bullish Scenario: If ETH breaks above the 25-MA and sustains momentum, it could target $3,447, with a possible test of $3,460 and beyond.
Bearish Scenario: Failure to maintain the current level may result in a pullback towards $3,408. A breakdown below this support could lead to testing the 24-hour low of $3,348.
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#CryptoAMA
BTC is consolidating near $94,500 after a corrective phase. If the price holds above the $92,600 support, it may retest resistance levels at $95,900 and $98,800. However, a breach below $92,600 could invite further bearish pressure. Traders should watch volume and RSI for confirmation of the next move.
Support and Resistance Levels:
Support: $92,600 (recent 24-hour low).
Resistance: $95,908 (last peak near MA(99)) and $98,871 (24-hour high).
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#HODLOnTight
A Man Who Bought 20,000 Bitcoin at $0.15 USDT🤑
After graduating college in 2008, Mr. Smith (a pseudonym) started working at a major tech company in Silicon Valley. He quickly bonded with his “equally tech-savvy” colleagues.
In 2010, he decided to invest $3,000 into Bitcoin, which was priced at just $0.15 at the time. This purchase gave him nearly 20,000 BTC. "I always intended to play the long game and see how high it could go," he explained.
Three years later, Mr. Smith had nearly forgotten about his investment until Bitcoin made headlines. With the price surging daily, he sold 2,000 BTC at $350 each. A few days later, he sold another 2,000 BTC when the price reached $800, earning him a total of $2.3 million. He immediately quit his job and embarked on a luxurious round-the-world trip.
Today, Mr. Smith enjoys a life of extravagance, traveling in first-class and dining at 5-star restaurants. In one month alone, he visited Singapore, New York City (twice), Las Vegas, Monaco, Moscow, Zurich, and Hong Kong. His net worth is estimated to be between $100 million and $1 billion.
“He never stops talking about Bitcoin,” his girlfriend revealed. “Once he starts, he’ll go on forever.”
Another inspiring success story involves Daniel, who managed to purchase a house in Australia thanks to his Bitcoin gains.
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#CryptoDailyInsight
🇳🇴 Great news from Norway, they’re taking their time with a #CBDC rollout. While CBDCs might have some perks over traditional banking, they also open the door to mass financial surveillance and control over payments. So, a cautious approach? Smart move, Norway!
Here’s hoping this sets an example for other countries. Let’s explore what open, public #blockchains can bring to the table before diving headfirst into CBDCs.
Crypto Surge Alert: $62.9B Inflows in 30 Days! 🚀
In the last 30 days, the #crypto market has seen a massive capital influx, with $53.3 billion flowing into the #Bitcoin and #Ethereum networks alone. Meanwhile, stablecoins have grown by an additional $9.6 billion, signaling strong market liquidity and investor confidence. 📈💰
This surge follows Bitcoin's remarkable 90-day performance, highlighting a #bullish trend in digital assets. The growth in stablecoin supplies suggests more investors are seeking safe havens within the volatile crypto space.
Could this be the beginning of another bull run? Keep an eye on these developments as the market dynamics shift. 📊👀
Shiba Inu (SHIB) Poised for a Major Breakout? AI Predicts Huge Gains by November 30! 🚀
Shiba Inu, the second-largest meme coin, could be gearing up for a remarkable rally. Despite sliding to the 14th position with a market cap of $15.06 billion, SHIB has managed to hold above the crucial $0.00002500 support level, sparking optimism for a bullish end to November.
📉 Current Market Performance
SHIB is currently trading at $0.00002557 after a 4.82% drop over the weekend. However, 62% of SHIB holders remain profitable, and the token has gained over 50% this month, showcasing its potential resilience.
📈 AI-Based Price Prediction
Data from CoinCodex suggests SHIB could see a massive 109% rally, hitting $0.00005358 by November 30. Predictions for November 29 indicate a rise to $0.00005427, hinting that the current bearish trend may be a precursor to a significant uptrend.
🔥 Why This Matters
If the forecast holds true, this rally could reignite SHIB's bullish momentum, rewarding loyal investors and reaffirming its position as a major player in the crypto market.
🎯 Key Takeaway
For SHIB holders and observers alike, this could be a pivotal moment. Will Shiba Inu surpass expectations and achieve its next big breakout?
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#Memecoins
Record-Breaking Week for Digital Asset Investments!
Digital asset investment products have just recorded the largest weekly inflows ever, with an astonishing $3.13 billion pouring in last week alone. This surge has pushed the year-to-date inflows to an unprecedented $37 billion.
#Bitcoin dominated, attracting a massive $3 billion, while #Ethereum managed $2.8 million. This influx underscores the growing confidence and interest in digital currencies among investors.
The market's enthusiasm for #CryptoInflows is palpable, reflecting a bullish sentiment in the CryptoMarket. With #Investments reaching new heights, it's clear that digital assets are becoming a staple in investment portfolios.
Keep an eye on how these trends develop 🚀📈
🚀 Cardano ($ADA ) soars past $1!
211% rise in November, tripling its market cap. Peaked at $1.15, now holding above $1 for the first time since April 2022.
Fueled by whale activity, rising active wallets, and bullish market sentiment, $ADA is showing strong momentum.
Can it sustain the climb? Watch closely! 📈 #CardanoSurCardanoSurge #CryptoNewss