EURO2024

$BTC 🇪🇺 Giant #Bitcoin logo projected on the European Central Bank 🔥
$BTC
#EURO2024 #Europe #ETH🔥🔥🔥🔥🔥🔥 #BOME🔥🔥🔥

Let me provide a professional technical analysis on the $EUR /USDT chart:

Support and Resistance:
The key support level appears to be around 1.1019, as the price has bounced off this level multiple times in the past few trading sessions. A break below this support could open the door for further downside momentum. On the upside, the immediate resistance is at 1.1037, followed by a stronger resistance level around 1.1053.

Short-Term Outlook:
In the short term, the price action suggests a bearish bias. The recent downward move has pushed the price below the 1.1022 level, which was a significant support. A continuation of this bearish trend could potentially target the 1.1019 support level as the next downside objective.

Long-Term Outlook:
From a longer-term perspective, the overall trend appears to be neutral to slightly bearish. The price has been consolidating within a range, with the 1.1053 level serving as a resistance. A breakout above this resistance could signal a shift in the trend and open up the potential for a rally towards the 1.1071 level.

Trading Opportunities:
Short-Term Trade: Traders could consider opening short positions on a break below the 1.1019 support level, with a potential target around 1.1000 and a stop-loss above 1.1037.
Long-Term Trade: Patient traders may look for a breakout above the 1.1053 resistance level to establish long positions, with a target around 1.1071 and a stop-loss below 1.1037.

Remember, these are just my observations based on the provided chart, and traders should always do their own research and risk management before entering any trades.
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🚨 USDT Delisting Set for EU Exchanges on December 30 🚨

Starting December 30, Tether’s $USDT will be delisted from EU crypto exchanges due to strict compliance requirements under the EU’s Markets in Crypto-Assets (MiCA) framework. These regulations mandate e-money licenses and robust reserves for stablecoins, which Tether has not yet obtained.

Key Changes:

1. RLUSD Emerges: MiCA-compliant stablecoin RLUSD is poised to replace $USDT as the dominant stablecoin in the EU.

2. XRP’s Role: Ripple's $XRP technology will enable seamless bridging of RLUSD transactions, ensuring liquidity.

3. Market Impact: $USDT ’s removal could disrupt liquidity and increase trading costs, potentially driving activity to MiCA-compliant alternatives like $USDC

This shift highlights Europe’s push for stricter crypto regulation while creating opportunities for compliant stablecoins to thrive.

#Crypto2025Trends #USDT #EURO2024