So why do we say that Bitcoin is the world currency? Every country has its own fiat currency, but there isn’t a suitable world currency between countries. Gold and silver are clearly falling behind in this information age. The US dollar is, in fact, the world’s currency, but since it is controlled by the United States, it serves as an extension of American hegemony. The US can print money to reap the benefits from the whole world, so the dollar is not a suitable world currency. Similarly, the fiat currency of any single country is not fit to be a world currency. Bitcoin, on the other hand, can
0.34 is a good support level for going long. I think the price may retest this level during the US trading session, but a safer entry point is 0.32. I will set a market entry at that price, with a stop loss set below 0.288.
The market will not stay sideways forever; every period of consolidation is preparation for a stronger breakout. At this stage, preserving your principal and staying in the game are more important than returns. Stay calm and disciplined, let time filter out the volatility, and wait for the market to choose its direction.
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Yesterday I tried trading altcoins, but it's really hard to grasp! The data turned out really bad! After this painful lesson, I've decided to go back to trading mainstream coins like BTC, ETH, SOL, and BNB with a plan. The account has rolled up to 3642, so next I can consider buying 200u at a time, using 20x leverage, with strict take-profit and stop-loss. Let's see if I can achieve a 50% return in a month. Stay tuned!
Bitcoin experienced a sudden flash crash last night, followed by a rapid recovery, which was likely intended to liquidate leveraged positions. Now it has rebounded again, with the current resistance zone at 93,700-94,200. The next resistance zone is at 95,200-96,200. If it can break through these levels consecutively and hold above 95,200, it could continue to move up to 97,000 and 98,000. Short-term support is at 92,700 and 91,800. In any case, I will try to short in the 95,000-96,000 range.
Currently, I am closely monitoring #BTC as it approaches the $95,000–$96,000 range. This area presents a strong opportunity for potential short trades for several reasons: Both the EMA and SMA have signaled a possible reversal. Trendline resistance is right around $95,000, which increases the probability of a pullback. In this area, I plan to enter a short position at the $96,850 level, with a stop loss set between 0.8% and 1.2%. If BTC breaks strongly above this area, it’s very likely that we’ll be pushed above $100,000. As always, we replace emotion with precision and follow the plan strictl
⚠️ETH Analysis⚠️ Looking at the chart, ETH has more bullish potential than BTC. If the daily closing price can hold above 3056, it will confirm the start of a rebound, and the price will then retest the yearly opening price at 3330. The main resistance currently faced is a strong high on the 1-hour chart, which is also the bears’ last line of defense and hope near 3100. If this level is broken, the price can easily move up to the 3166-3244 range. If the 4-hour closing price falls below 3050, a pullback to 2980 is possible. This level can be considered a prime entry point for long positions, wi
Last night, Trump mentioned that the Federal Reserve Chair will be selected early next year, and while introducing potential candidate Kevin Hassett, he stated that the future Fed Chair is right here. This can be understood as his choice being pretty much set in stone, which also dispels the rumors of Powell resigning early. Currently, the prediction market puts his probability at 86%, and the market has started to price in expectations of his appointment in advance!
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It's simply inhumane! With such a large Unfavourable Information, it finally fell for a day, and it actually V-recovered! I originally wanted to All in Spot between 2000-2400!
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Kevin Hassett, who could be the next chairman to replace Powell, should be considered a Trump loyalist. He served as the chairman of the Council of Economic Advisers during Trump's first presidential term and is now again taking on a key economic role in the White House. He is a core member of Trump's economic team, and it is precisely because of this "deep-rooted" trust that he has become a key reason for his favor. This guy is more of a dovish type. If he takes office, even without an interest rate cut, expectations alone could lead to a market rebound. If we can start to rebound fro
#Litecoin(LTC) Buy Settings If this push is successful, Litecoin ( LTC ) will form a good upward pattern in the local area. 📈 Entry Point: 78.39 📈 Step-by-step accumulation point: 77.36 🛑 Stop Loss Point: 76.43 🎯 Target Price 1: 80.25 🎯 Target 2: 83.47 🎯 Target 3: 86.65 🎯 Target Level 4: 89.77