$SUN 🌞 sun has won !!!🙄 | savvy trader on Binance Square

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$SUN 🌞sun has won !!!🙄

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Binance CEO Richard Teng: The recent market drop is a temporary retreat, not a reversal Bitcoin (BTC) returned to its levels from the end of November 2024, completely reversing the US election narrative and Donald Trump’s influence on crypto hype. BTC accelerated its drop toward $86,000, sparking comments from Binance’s CEO Richard Teng that the move was a temporary retreat. The current market turbulence is a tactical retreat, not a reversal, wrote Binance’s CEO Richard Teng in a recent thread. The past two days caused market panic as Bitcoin (BTC) extended its drawdown from its all-time high. Teng believes crypto can bounce back even stronger, as it has shown after similar stress tests. Here's my thoughts on the recent market turbulence: It's important to view this as a tactical retreat, not a reversal. Crypto has been here before and bounced back even stronger. Here's why we should stay optimistic.

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