#bnbbtc
bnbbtc
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This morning, I wrapped up my charts and organized my thoughts.
Many folks think BTC has bottomed out, but I noticed that BTC's current price at 72813.32 is still pretty low, and it's down 2.92% in the last 24 hours.
Recently, a lot of traders have been disappointed with ETH's price action. ETH is currently sitting at 1985.69, down 3.60% in the last day. For example, a company bought 8568 ETH at an average price of $2334 on May 11, but now ETH has dipped below $2000, leading to a floating loss of $3 million for them.
Even though many people are feeling bearish about the market trend, I'm still bullish on BNB's future. BNB is currently priced at 633.16, down 3.11% in the last 24 hours, but it's still performing relatively well compared to other coins.
Based on this analysis, I personally believe there’s still a chance for the market to dip further, especially considering BTC and ETH's price actions, so I'm currently holding a short position.
I'll keep a close eye on market performance, especially BTC and ETH's price movements. If there's a market rebound, I might reassess my position.
Right now, I'm focusing on SUI's price action; SUI is currently priced at 0.9170, down 7.70% in the last 24 hours. If SUI's price continues to slide, it could negatively impact the whole market.
#cryptocurrency #marketanalysis #bnbbtc #ethusdt 💰📉
Many folks think BTC has bottomed out, but I noticed that BTC's current price at 72813.32 is still pretty low, and it's down 2.92% in the last 24 hours.
Recently, a lot of traders have been disappointed with ETH's price action. ETH is currently sitting at 1985.69, down 3.60% in the last day. For example, a company bought 8568 ETH at an average price of $2334 on May 11, but now ETH has dipped below $2000, leading to a floating loss of $3 million for them.
Even though many people are feeling bearish about the market trend, I'm still bullish on BNB's future. BNB is currently priced at 633.16, down 3.11% in the last 24 hours, but it's still performing relatively well compared to other coins.
Based on this analysis, I personally believe there’s still a chance for the market to dip further, especially considering BTC and ETH's price actions, so I'm currently holding a short position.
I'll keep a close eye on market performance, especially BTC and ETH's price movements. If there's a market rebound, I might reassess my position.
Right now, I'm focusing on SUI's price action; SUI is currently priced at 0.9170, down 7.70% in the last 24 hours. If SUI's price continues to slide, it could negatively impact the whole market.
#cryptocurrency #marketanalysis #bnbbtc #ethusdt 💰📉
I'm starting to seriously learn about crypto — no rush and no hype.
My goal here on Binance Square is simple: to share what I learn clearly, to help those who are also just starting out.
Today, I've got 3 foundational ideas (for beginners): • First goal: are you investing long-term or making short trades?
• Always risk: never throw in money you need this week/month.
• Plan > emotion: FOMO and "tips" without context can be costly.
I'll be posting practical content (security, spot trading, common mistakes, terms, risk management) and I want this to be interactive: you suggest the topic, I prepare the next post.
Question: do you want tomorrow's post on (1) Account security, (2) Spot trading (how to buy without complications), or (3) Common beginner mistakes?
BTCBNB
(This is not financial advice.) #BinanceAcademy $BTC $ETH $BNB #bnbbtc @Binance Square Official @Binance Academy
My goal here on Binance Square is simple: to share what I learn clearly, to help those who are also just starting out.
Today, I've got 3 foundational ideas (for beginners): • First goal: are you investing long-term or making short trades?
• Always risk: never throw in money you need this week/month.
• Plan > emotion: FOMO and "tips" without context can be costly.
I'll be posting practical content (security, spot trading, common mistakes, terms, risk management) and I want this to be interactive: you suggest the topic, I prepare the next post.
Question: do you want tomorrow's post on (1) Account security, (2) Spot trading (how to buy without complications), or (3) Common beginner mistakes?
BTCBNB
(This is not financial advice.) #BinanceAcademy $BTC $ETH $BNB #bnbbtc @Binance Square Official @Binance Academy
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