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15% is a big
win
for stock investors 🏅, but +1500% on crypto futures? Just another day at the office 🚀
#BinanceTurns7
#TradingMotivation
$BTC
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Forecast and Events for Ethereum in November and December 2024!
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$ETH $BTC
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👀Key events next week that could impact the cryptocurrency market: 1. U.S. Economic Data: On October 31, the Q3 GDP data will be released. Strong results could heighten expectations for maintaining high interest rates, which may put pressure on crypto assets. Investors should monitor this data closely to adjust their strategies. 2. Federal Reserve Comments: While the next Fed meeting on interest rates is scheduled for early November, remarks from officials are expected this week. Any hints about changes in monetary policy could influence market expectations and the movements of Bitcoin and Ethereum. 3. U.S. Elections (November 5): Although the elections are a week away, their impact is already being felt. Donald Trump and Kamala Harris have different approaches to crypto regulation. Investors anticipate that Trump might be more favorable to the market, while Harris is expected to focus on increased regulation. $BTC These events create uncertainty and volatility in the crypto market. Stay updated on the news to keep up with changes and adjust your investment decisions accordingly. #crypto #bitcoin #economy #Fed #elections #market” #BinanceTurns7
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😅 #binancebnb #Bitcoin❗ $BTC $BNB
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Bitcoin ($BTC) Technical Analysis for the Last 3 Days Overview: As of October 16, 2024, Bitcoin reached a price of $68,000 and is currently trading around this level. Recently, a bullish trend has been observed with periods of consolidation. Bitcoin is trading above its 50- and 200-hour moving averages, indicating bullish momentum, although indicators like RSI suggest overbought conditions. Key Levels: • Resistance: $68,500 (a key resistance level that Bitcoin needs to break for further upward movement). • Support: $66,800 (support level based on previous consolidation zones). Forecast: • Short-term: If Bitcoin breaks the $68,500 resistance, it may move higher toward $70,000. If it fails to hold this level, a pullback to $66,800 or lower is possible. • Long-term: The bullish trend remains strong, supported by rising trading volumes and demand. However, corrections and volatility should be expected in the coming days. Recommendations: • Traders should exercise caution, especially considering Bitcoin’s overbought conditions. • A breakout above $68,500 may signal an opportunity to open long positions, targeting $70,000. • A pullback below $66,800 may open opportunities for short positions. #bitcoin #ETH🔥🔥🔥🔥 $BTC $ETH
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