BTC is getting closer to 21 #ema we might see a resistance, but we of course donât want to see a strong rejection. Pay attention and risk management especially for your futures openings. $BTC
BTC need to flip 54.3K to continue uptrend from here. On the other hand if it failed to maintain the current levels next lower target is 43k and then 38K. $BTC $ETH $BNB
The recent downturn in the market has only one major factor, that is, the decision by the Japanese government to introduce a 0.25% interest rate. Rest of factors like wars, US government selling 30K BTC etc are insignificant factors. Here's a detailed breakdown of why this decision of Japanese government has such an impact: 1. Carry Trade: Japan has been a central hub for the carry trade due to its historically low interest rates. Investors borrow money at low or zero interest rates in Japan and invest in higher-yielding assets elsewhere. This influx of cheap capital has fueled investments in global markets, including stocks and bonds. 2. Sudden Shift: Introducing a 0.25% interest rate, while still relatively low, marks a shift from the zero-interest-rate policy. This change affects the dynamics of the carry trade, making it slightly more expensive to borrow money in Japan. Consequently, investors may become more risk-averse, preferring safer investments over high-risk ones. 3.Reduction in Liquidity: The increase in interest rates reduces the availability of cheap money for investment, leading to a decrease in overall market liquidity. With less liquidity, markets can become more volatile, and prices can fall as investors withdraw funds. $BTC $ETH $SOL #Interest #Japan #JapanCrypto #policymakers
$RNDR holders do compounding of RNDR against $SOL for next 1 week. $RNDR will lose its strength against SOL due to rebranding, later it will outperform SOL.
$BTC need to close above 57K or a 5-7% green candle to reduce chances of busting 50-52K. A five wave strong bounce is what I am looking for to set next ATH target. Meanwhile, enjoying a nice bounce of $WIF . WIF is risky, but for short term can be used for compounding! $FET
As I said be ready for 56 and possibly 52K levels. Am I selling? No! Am I worrying? Yes! I am worrying because if $BTC went below 50K and broke 48K, then reversal will be very difficult, mean probability of end of most devastating bullrun will become very high.
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CryptoXfactor
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If you see the bigger picture, itâs not as bad as you think. Historically, $BTC always had 40-70% of correction after halving just before start of long bull cycle. I am bagging $RNDR $SOL $FET and $JTO. What are your choices?
If you see the bigger picture, itâs not as bad as you think. Historically, $BTC always had 40-70% of correction after halving just before start of long bull cycle. I am bagging $RNDR $SOL $FET and $JTO. What are your choices?
I must admit this bull market is worst so far, and in my opinion ETF playing its role. Well itâs not highly likely but be prepared,$BTC can test 58k, 56K and 52K levels. You might be thinking I am bearish on BTC, no I am not! We are in bull market until and unless BTC stays above 50K. Can we enter in bearish market from here? Not impossible but odds are very low. So sit tight, keep accumulating your favourite tokens, a tide will come. How big it will be, nobody knows. I will keep adding $RNDR $SOL $FET and $JTO in my bag. Good luck!
Watch out $TIA There are multiple reasons we might see Tia trading at 2$ range. Due to a large amount of unlock, I would say in my 7 years of crypto experience this one of stupidest tokenoix, technical issues, and as a result sell pressure. I will buy this shit at 2 USD range, else no regret missing it. On side note bag more $FET if holds 1.17 and give upside wick.
Time to close my Coinbase account and sell coinbase stock. They list shitcoins but decided not to support $FET $OCEAN and $AGIX merger. They are losing a long term support for their choice of short term ease of operations.