rajkumarspm

What would you do if this happens?

$BTC bacj towards $3 🥹🥹

Good evening everyone! Brothers and sisters! The altcoin market has been quite fierce these past few days, with the bull head directly performing a beheading, $PIPPIN charging upwards like a bamboo shoot, completely wiping out the shorts. From the lowest point of $0.00226 to the current highest price of $0.21822 before posting, it has nearly increased by 100 times. Therefore, as long as the dogs in the altcoin market don't leave, the trading strategy can only aim to take profits quickly and run when the opportunity arises! Technical analysis is ineffective in front of altcoins!
Mainstream is undergoing a correction, mainly influenced by news in the past few days. Although Ethereum $ETH will upgrade tomorrow, so far, we haven't seen any actions from the Europeans!
Alright, let's take a look at the news events that have occurred in the crypto circle over the past two days! Details are as follows:
1. Mainstream crypto experiences a slight rebound after a sharp drop: On the evening of December 1, cryptocurrencies plummeted significantly, with Bitcoin at one point dropping 8% to $83,786, and reported $86,378 in the morning of December 2, still down 5%; Ethereum fell below $2,800, dropping 6.36% within the day, while XRP, BNB, and others also fell more than 6%. However, by the evening of the 2nd, Bitcoin and Ethereum were in a volatile consolidation phase, with Bitcoin priced at about $87,053 (+0.7%) and Ethereum at about $2,806.78 (+0.5%).
2. Nearly 270,000 people liquidated in the cryptocurrency market, amounting to nearly $1 billion: Coinglass data shows that in the past 24 hours as of December 2, over 270,000 people in the cryptocurrency market were liquidated, with a total liquidation amount reaching $985 million, including $870 million in long positions and $110 million in short positions, driven by panic selling and concentrated leverage trading risks in the market.
3. Vanguard opens trading for mainstream crypto ETFs, Ethereum will undergo a major upgrade tomorrow: On December 2, Vanguard, the world's second-largest asset management company, officially opened trading for mainstream crypto ETFs such as Bitcoin and Ethereum, which is expected to bring institutional funds into the market. At the same time, Ethereum will initiate the Fusaka upgrade tomorrow, which will optimize data availability and transaction protection, enhancing network scalability.
4. Uncle Majie continues to increase his ETH long positions, accumulating losses of over $21 million!
5. Japan plans to unify the income tax on crypto asset trading to 20%: The Japanese government and ruling party have begun to adjust the income tax on crypto asset trading, planning to unify it to 20%, while the current maximum tax rate can reach 55%. The policy is expected to be implemented after 2027, and at least representative cryptocurrencies like Bitcoin will be included in the tax range. (This scythe is a bit too big)

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{future}(BNBUSDT)
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{future}(BNBUSDT)
$ETH

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$BTC

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BNB. 6000-8000 dollars, is that okay? 😌

Final sprint 30K, thank you all for your support!🧧$BNB #加密市场反弹