$BTC Resiliency Following Binance Hack Does Not Signal Bottom, Says Strive CEO
WHAT HAPPENED
▪️ Strive CEO Matt Cole stated that the recent Binance hack has not altered his long-term thesis for Bitcoin.
▪️ Cole advised caution, noting that it remains too early to confirm a market bottom despite Bitcoin holding up better than expected.
WHY IT MATTERS FOR TRADERS
Resilient price action during exchange security events may bolster confidence in asset durability. Lingering uncertainty around structural market bottoms could keep liquidity participants cautious in the near term.
MARKET SNAPSHOT
▪️ $BTC : 77,680.81 USD, up 1.3% (24h), 4H RSI 39.7
▪️ Range to watch: 76,325.98 support / 81,971.00 resistance
How do you assess technical support levels when major exchange headlines impact market sentiment?
Source: Cointelegraph
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @SarwatAK
#Bitcoin #HotTrends #YiHe:ProofOfReserves:10TokensAt100%Backing
WHAT HAPPENED
▪️ Strive CEO Matt Cole stated that the recent Binance hack has not altered his long-term thesis for Bitcoin.
▪️ Cole advised caution, noting that it remains too early to confirm a market bottom despite Bitcoin holding up better than expected.
WHY IT MATTERS FOR TRADERS
Resilient price action during exchange security events may bolster confidence in asset durability. Lingering uncertainty around structural market bottoms could keep liquidity participants cautious in the near term.
MARKET SNAPSHOT
▪️ $BTC : 77,680.81 USD, up 1.3% (24h), 4H RSI 39.7
▪️ Range to watch: 76,325.98 support / 81,971.00 resistance
How do you assess technical support levels when major exchange headlines impact market sentiment?
Source: Cointelegraph
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @SarwatAK
#Bitcoin #HotTrends #YiHe:ProofOfReserves:10TokensAt100%Backing
