Bitcoin is facing some heavy weather today. With hawkish Fed minutes rattling the markets and the DXY (US Dollar Index) hitting a two-week high, BTC has slipped to around $66,940. Key Data Points: Fear & Greed Index: Currently at an extreme low of 5. 😱 Momentum: BTC has been struggling to stay above the $68k support. Macro Factor: Federal Reserve hints at potential rate hikes if inflation stays sticky, pushing investors toward the safety of the USD. Technical Levels to Watch: Support: If $65,000 breaks, we might be looking at a test of the $60k - $62k zone. Resistance: Needs a solid daily close above $70,000 to reclaim bullish momentum. Stay cautious, manage your risk, and don't FOMO into a falling knife! 🛡️ #BTC☀️ #CryptoWatchMay2024 #bearishmomentum #BinanceSquareTalks #FEDNEWHEAD
BTC is surging, and the crypto world is buzzing! 🔥 We're seeing some serious momentum, and everyone's asking: where to next? Bitcoin's recent price action has ignited a firestorm of speculation. Are we witnessing the start of a new bull run? 🐂 The market is showing strong signs of accumulation, and institutional interest is on the rise. Here's what I'm keeping an eye on: * Key Resistance Levels: Watching closely for breaks above crucial resistance. If 60,000 breaks, we could see a rapid move towards all time highs. * On-Chain Data: Analyzing on-chain metrics like exchange outflows and whale activity for insights into market sentiment. * Macro Factors: Keeping a close eye on global economic events and regulatory developments, which can significantly impact BTC's price. * Altcoin Season? With BTC’s dominance, many are wondering when altcoins will begin to take off. Many are watching the #Altcoins and #DeFi space closely. What are your thoughts on BTC's current trajectory? Are you #HODLing, #Trading, or looking for new entries? Let's discuss in the comments! 👇 Remember, always do your own research (DYOR) before making any investment decisions. Crypto markets are highly volatile. #Bitcoin #BTC #Crypto #BullRun #Trading #DeFi #Web3 #Blockchain
Pi Should Be Launched on Binance, because of rug pulls in meme peps loosing their interest in crypto future, so a large project should adopted by binance... Hope They Reach It....
Binance Square Official
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We want to hear from you! We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic:
"Should PI be launched on Binance?"
Cast your vote — either "Yes" or "No" — and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting. Happy voting!
Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
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Well due to low liquidity, its not good to hold but 💡 if chart trend convert to uptrend then hold, if doesn't then close and wait for start of uptrend and do trade for recover...
📈 Historically, Polkadot (DOT) has shown upward trends at the start of the year and in October. With promising upgrades and market momentum, holding DOT could be a smart move! 💡
Special Note Cfx is a high volatality coin. Can pump anytime so if cfx pump suddenly then book profit . On other hand if btc crash then price can drop as well. Must use stop loss
Crypto Market During Christmas: Sideways or a Breakout? What's Next?
As we approach the festive season, the crypto market often enters a period of uncertainty. Historically, December has been a mixed bag for traders—some years witness significant volatility, while others remain eerily flat.
Why the Market Might Move Sideways:
1. Holiday Trading Slowdown: With major institutional players on vacation, trading volume tends to decline, leading to less price movement.
2. Year-End Portfolio Balancing: Investors often close positions to lock in profits or balance their portfolios before the new year.
3. Lack of Major Events: Unless there's unexpected news, many traders avoid taking risks during the holidays.
What Could Trigger a Breakout?
1. Macro Events: Global economic shifts or regulatory announcements could shake the market.
2. Bitcoin Halving Speculation: As we inch closer to 2024's Bitcoin halving, bullish sentiment could ignite a rally.
3. Altcoin Seasonal Rally: Low-volume periods sometimes see unexpected surges in altcoins, driven by retail traders.
Key Strategies for Traders:
Scalp or Swing: Sideways markets are ideal for scalping or short-term swing trading.
Wait for Confirmation: Avoid over-leveraging unless a breakout is confirmed with volume.
Diversify Signals: Use indicators like RSI, MACD, and Bollinger Bands to spot breakout zones.
Whether the market stays flat or surprises us with a big move, always trade responsibly and set clear stop losses. As we close out the year, this season could set the tone for 2025.
Your Thoughts?
Do you think this Christmas will bring a quiet market or fireworks? Let’s discuss!