**CEX (Centralized Exchange)**: - Operated by a central authority (e.g., Binance, Coinbase). - Custodial: Users deposit funds; exchange controls private keys. - Pros: High liquidity, fast transactions, user-friendly, fiat on-ramps. - Cons: Vulnerable to hacks, requires KYC, less privacy, potential for censorship.
**DEX (Decentralized Exchange)**: - Peer-to-peer trading on blockchain (e.g., Uniswap, SushiSwap). - Non-custodial: Users control their funds and private keys. - Pros: Greater privacy, no KYC, censorship-resistant, transparent. - Cons: Lower liquidity, slower transactions, higher fees, complex for beginners.
**Key Difference**: CEX prioritizes ease and speed but sacrifices control; DEX emphasizes security and autonomy but can be less efficient.
Price Action & Levels: Bitcoin is trending upward, breaking above the 103,945.12 resistance (200 EMA) and approaching the 108,965.49 level. Support lies around 97,473.11 and 92,146.81.EMAs: The chart uses 20, 50, 100, and 200 EMAs. The price is above all EMAs, indicating a strong bullish trend. The 20 EMA (blue) is above the 50 EMA (red), confirming short-term bullish momentum.Volume: Volume bars show increased buying activity, supporting the upward move.CM_Ult_MACD_MTF: The MACD indicator at the bottom shows green bars, suggesting bullish momentum, though the histogram is narrowing, hinting at potential consolidation.Trendline: A rising trendline from early 2025 supports the current uptrend, with the price respecting this line.Overall, the chart indicates a strong bullish trend with key resistance at 108,965.49 and support at 97,473.11. The MACD and EMAs confirm bullish momentum, but watch for consolidation as the MACD histogram narrows.