$BTC and the entire market has entered a relatively corrective price phase
Currently, the momentum of the Total3 and Total2 indices has entered the oversold zone (meaning selling pressure will gradually weaken) and has also touched the resistance value area of EMA200 👉 Signaling a trend to bounce back
We can Long $ETH - Trading plan as shown below 👇 In addition, we can consider Longing high market cap Altcoins
🚨 Warning $BTC and #altcoins are not standard, guys 😅 Yesterday's increase dropped straight back to the entry
👉 Anyone who fomoed is considered stuck at the peak Currently, the momentum on the M15 frame has reset, but the H1 frame is still oversold
👉 This means #bitcoin and Altcoins have a high probability of going sideways or decreasing
Therefore, before the H1 resets, if you want to trade on a smaller time frame, just use enough volume, folks
CryptoVN 101
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I am not optimistic about the recovery pace today of $BTC and #altcoins 🤔 Currently, the momentum indicators of the M15 and H1 frames of #Bitcoin❗ and #total3 are entering an overbought state
👉 Forecasting a potential price drop occurring tonight or tomorrow
🚨 It is not advisable to buy at this time; if you want to buy, at least wait for the momentum to reset
I am not optimistic about the recovery pace today of $BTC and #altcoins 🤔 Currently, the momentum indicators of the M15 and H1 frames of #Bitcoin❗ and #total3 are entering an overbought state
👉 Forecasting a potential price drop occurring tonight or tomorrow
🚨 It is not advisable to buy at this time; if you want to buy, at least wait for the momentum to reset
Although #bitcoin has shown the phenomenon of Fakey occurring with the Inside Bar pattern (i.e., a false breakout). However, the volume of the candle wicks is too low
=> Therefore, it is highly likely that this week $BTC will still experience a price drop back to around 102,000 - 103,000 USD to test the buying strength around this price area once again.
Is it accurate, guys? Draw the scenario - observe the signals => Draw conclusions without deviation 😀
👉 That is the entire way to observe when an Inside Bar candle pattern appears
Currently, #bitcoin after strongly breaking out of the lowest price area of the mother candle at 102,000 USD has bounced back into the pattern => Creating a temporary Fakey phenomenon
However, we need the weekly candle to fully close to draw a conclusion. Now let's pray for the weekly candle to close green, then this June we will have a new ATH 🤟
Observing the momentum signal at the beginning of the week, $BTC is leaning towards a downtrend.
👀 However, if we look at the liquidation chart, a BTC rebound will bring more benefits for exchanges.
👉 Therefore, scenario 1 is highly likely to occur.
🔐 Observe the reaction of #BTC☀ at the price level of 102,000 USD - currently a strong support for BTC. - If it touches 102,000 USD and rebounds immediately, that would be great. - On the contrary, if it falls below this price level, it will definitely trigger a strong sweep before bouncing back.
Currently, #Cakeswap is benefiting greatly from the Memecoins wave on the BNB Chain as well as the Airdrop campaign from Binance Alpha 👉 In just May, the trading volume on Pancake has reached 172 billion USD and generated revenue of 32.75 million USD for the project
Observing the momentum signal at the beginning of the week, $BTC is leaning towards a downtrend.
👀 However, if we look at the liquidation chart, a BTC rebound will bring more benefits for exchanges.
👉 Therefore, scenario 1 is highly likely to occur.
🔐 Observe the reaction of #BTC☀ at the price level of 102,000 USD - currently a strong support for BTC. - If it touches 102,000 USD and rebounds immediately, that would be great. - On the contrary, if it falls below this price level, it will definitely trigger a strong sweep before bouncing back.
🚨 This weekend, observe the weekly candle of $BTC again, there will be trading views for the upcoming weeks.
👉 The Inside Bar candle pattern has formed again.
So how will #BTC☀️ move next? 🤔
🔑 This largely depends on the closing candle of Monday.
Specifically, there will be 2 scenarios: 1⃣ Next week, #bitcoin will drop sharply at the beginning of the week and will depend on the wick's retraction at the end of the week to determine the next trend (That is, will the weekly candle close above this week's closing price?) 2⃣ All of next week, Bitcoin will maintain sideways movement and primarily increase in price, completely closing with a green candle (however, the range of the green candle will be within the closing and opening price of this week's candle).
🔑 This largely depends on the closing candle of Monday.
Specifically, there will be 2 scenarios: 1⃣ Next week, #bitcoin will drop sharply at the beginning of the week and will depend on the wick's retraction at the end of the week to determine the next trend (That is, will the weekly candle close above this week's closing price?) 2⃣ All of next week, Bitcoin will maintain sideways movement and primarily increase in price, completely closing with a green candle (however, the range of the green candle will be within the closing and opening price of this week's candle).
Where did Real World Assets (RWA) come from? RWA refers to the tokenization of real assets such as real estate, stocks, bonds, commodities, and art onto the blockchain. The story leading to RWA: Everything began when Satoshi Nakamoto 'gave birth' to Bitcoin in January 2009, opening an era for decentralized blockchain technology. In 2012, in 'The Second Bitcoin Whitepaper', J.R. Willett first hinted at the idea of 'tokenization' – turning physical assets into digital certificates (tokens) through the Mastercoin protocol (the predecessor of Tether today).
The Controversy Surrounding the Decentralization of Sui Network
Cetus Protocol – the largest DeFi protocol in the Sui ecosystem – has just become the victim of a severe attack, causing an estimated loss of hundreds of millions of USD to related projects and users. Currently, the community is closely monitoring how Cetus handles the aftermath and compensates for the damages. However, alongside this, a new wave of interest is also emerging: the true level of decentralization of the Sui Network is being questioned.
👀 You guys pay attention to this item. Although it has no potential at all, it is manipulated by the team regarding total supply like SUI (meaning there is no smart contract to control the locked token amount) it might get pushed strongly => In a bullish wave, items like this can also be quite promising
👀 You guys pay attention to this item. Although it has no potential at all, it is manipulated by the team regarding total supply like SUI (meaning there is no smart contract to control the locked token amount) it might get pushed strongly => In a bullish wave, items like this can also be quite promising