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⚠️Market update: The current sentiment among KOLs remains bullish in the market, consistently advocating for the altcoin season. Personally, I have divested from all altcoins and only hold Bitcoin. In my perspective, the market requires a significant correction before the bull run, truly ushering in the altcoin season. Here are a few reasons supporting my viewpoint:
1⃣While Bitcoin has experienced growth, altcoins have seen relatively limited gains, with a majority experiencing declines.
2⃣Binance continues to list projects in which they have invested, leading to a dumping of these assets. Simultaneously, other projects listed lack discerning criteria and trend creation, merely relying on financial resources and relationships.
3⃣Jump, representing funds and market makers, has shifted a significant portion of their portfolio to Binance, exerting pressure and initiating sell-offs.
4⃣The market anticipates a gamefi trend with projects like #Pixel and #Ron. However, in reality, this is merely a ploy to facilitate the dumping of Ron by #Binance , as they have significant investments and holdings in it.
5⃣The #AI group faces challenges in creating trends, as it is difficult to elevate the ecosystem and other coins along with it.
6⃣The continuous token issuance and listing of major projects on Binance have resulted in an oversaturation of new capital that cannot be fully absorbed. Particularly, the upcoming listing of #Pixel and #STRK next week is expected to draw resources and attention away from other projects.#PIXEL #shakeout #BTC
1⃣While Bitcoin has experienced growth, altcoins have seen relatively limited gains, with a majority experiencing declines.
2⃣Binance continues to list projects in which they have invested, leading to a dumping of these assets. Simultaneously, other projects listed lack discerning criteria and trend creation, merely relying on financial resources and relationships.
3⃣Jump, representing funds and market makers, has shifted a significant portion of their portfolio to Binance, exerting pressure and initiating sell-offs.
4⃣The market anticipates a gamefi trend with projects like #Pixel and #Ron. However, in reality, this is merely a ploy to facilitate the dumping of Ron by #Binance , as they have significant investments and holdings in it.
5⃣The #AI group faces challenges in creating trends, as it is difficult to elevate the ecosystem and other coins along with it.
6⃣The continuous token issuance and listing of major projects on Binance have resulted in an oversaturation of new capital that cannot be fully absorbed. Particularly, the upcoming listing of #Pixel and #STRK next week is expected to draw resources and attention away from other projects.#PIXEL #shakeout #BTC
🚀 ONDO: Is This a Bull Trap or the Setup for a Comeback? 💰
Binance Squad, are you ready for a potential ONDO rally? 🤔 The recent price action has been intriguing, and we're seeing signs that could point to a bullish reversal.
What's the Big Idea?
ONDO recently broke below a key support level, but the market reaction was surprising. There wasn't a major sell-off, which could be a bullish sign! This lack of follow-through might be a "shakeout"— a move to trap short sellers before a big price jump.
Here's the Play:
* Watch the $1.30 - $1.34 Zone: This is the key resistance level. If ONDO reclaims this zone, it'll confirm the shakeout theory and signal a potential bullish reversal.
* Bullish Targets: If bulls break through $1.34, we could see a quick move towards $1.60, followed by a test of the strong resistance zone between $1.70 and $1.75.
* Bearish Invalidation: If ONDO closes below $1.10 on a daily timeframe, it would invalidate the bullish scenario.
Why is This Setup Interesting?
The repeated reactions from the $1.10 - $1.15 support zone suggest that buyers are actively defending this level. This strong support could give bulls the confidence to push through the resistance above.
Remember, Binance Squad, this is not financial advice! Do your own research and consult with a qualified financial advisor before making any investment decisions.
What do you think? Do you see a bullish reversal in ONDO's future? Share your thoughts and strategies in the comments below!
#BinanceSquad #ONDO #CryptoTrading #BullishReversal #Shakeout
What's the Big Idea?
ONDO recently broke below a key support level, but the market reaction was surprising. There wasn't a major sell-off, which could be a bullish sign! This lack of follow-through might be a "shakeout"— a move to trap short sellers before a big price jump.
Here's the Play:
* Watch the $1.30 - $1.34 Zone: This is the key resistance level. If ONDO reclaims this zone, it'll confirm the shakeout theory and signal a potential bullish reversal.
* Bullish Targets: If bulls break through $1.34, we could see a quick move towards $1.60, followed by a test of the strong resistance zone between $1.70 and $1.75.
* Bearish Invalidation: If ONDO closes below $1.10 on a daily timeframe, it would invalidate the bullish scenario.
Why is This Setup Interesting?
The repeated reactions from the $1.10 - $1.15 support zone suggest that buyers are actively defending this level. This strong support could give bulls the confidence to push through the resistance above.
Remember, Binance Squad, this is not financial advice! Do your own research and consult with a qualified financial advisor before making any investment decisions.
What do you think? Do you see a bullish reversal in ONDO's future? Share your thoughts and strategies in the comments below!
#BinanceSquad #ONDO #CryptoTrading #BullishReversal #Shakeout
Buy the Dump, Sell the News: Bitcoin’s Path to the Next Altseason
As we approach the U.S. elections, Bitcoin is poised for an upward trajectory, fueled by political excitement and speculation. Many expect Bitcoin to pump as election fever takes hold. If Trump wins, a narrative will likely emerge that he’s pro-Bitcoin, pushing enthusiasm to new heights. But seasoned investors know that markets often play by their own rules: when hype peaks, a shakeout often follows.
As we near this peak, Bitcoin dominance is projected to reach around 60%. This means Bitcoin will control a large portion of the total crypto market, leading altcoins to stagnate or decline. But a turning point is on the horizon. At this level of dominance, and with prices overheated, a sharp BTC correction is likely. This correction will bleed altcoins initially, creating opportunities for the next altseason.
This BTC pullback will set the stage for altcoins to rally, as Bitcoin’s dominance starts to wane. It’s a classic cycle: Bitcoin leads the pack, corrects, and then altcoins surge as investors seek out other opportunities for growth. This is where patient investors can thrive. As Bitcoin stabilizes, altcoins tend to gain momentum, allowing for potentially explosive gains.
The key? Buy when the market is down, ride the wave of Bitcoin’s pump, and when the hype is at its peak, prepare for the inevitable shakeout. As Bitcoin cools, altcoins will heat up—leading to the next altseason, and a fresh cycle of profit potential.
Buy The Dump & Sell The News $BTC $ETH $BNB
#uselections #TrumpCryptoSupport #altsesaon #shakeout #BTCSoarsTo68K
As we near this peak, Bitcoin dominance is projected to reach around 60%. This means Bitcoin will control a large portion of the total crypto market, leading altcoins to stagnate or decline. But a turning point is on the horizon. At this level of dominance, and with prices overheated, a sharp BTC correction is likely. This correction will bleed altcoins initially, creating opportunities for the next altseason.
This BTC pullback will set the stage for altcoins to rally, as Bitcoin’s dominance starts to wane. It’s a classic cycle: Bitcoin leads the pack, corrects, and then altcoins surge as investors seek out other opportunities for growth. This is where patient investors can thrive. As Bitcoin stabilizes, altcoins tend to gain momentum, allowing for potentially explosive gains.
The key? Buy when the market is down, ride the wave of Bitcoin’s pump, and when the hype is at its peak, prepare for the inevitable shakeout. As Bitcoin cools, altcoins will heat up—leading to the next altseason, and a fresh cycle of profit potential.
Buy The Dump & Sell The News $BTC $ETH $BNB
#uselections #TrumpCryptoSupport #altsesaon #shakeout #BTCSoarsTo68K
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