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$278M BUSD left in the Binance Fund Wallet👀
Will keep updating this with time🧐
📍#Bitcoin Update (Continue)
Bitcoin price has surpassed the $28,000 resistance level, indicating a potential uptrend.
The bulls appear to be targeting a new surge above the resistance levels of $28,500 and $28,800.
If the price can break above the triangle resistance and reach
$28,800, it may continue to rise.
The next resistance level to be tested is $29,500, and if this level is surpassed, the price could test the $30,000 resistance zone.
The major support level is currently around $27,650, and a breach of this level could result in a downward trend.
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Binance Will Support the Ethereum (ETH) Network’s Shapella Upgrade
https://www.binance.com/en/support/announcement/427a18a0ba03497087401d4b89d229df
USDT market dominance reaches highest level since June 2021
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🧐0x28c6c06298d514db089934071355e5743bf21d60
The $1B BUSD Binance Fund Wallet now contains $563M BUSD ($437M BUSD injected into binance pairs)
CZ's Plunge Protection👀
📍#Bitcoin Update (Continue)
In our previous post, we informed you that Bitcoin was forming a Doji candle, which is typically interpreted as a reversal sign.
As expected, the market has started dropping following the formation of the Doji candle.
Another factor contributing to the recent downturn is the news that Binance and its CEO are being sued by the US CFTC over alleged regulatory violations.
Given the current volatility of the market, it is important to exercise caution and trade safely.
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CZ’s Response to the CFTC Complaint
https://www.binance.com/en/blog/from-cz/czs-response-to-the-cftc-complaint-2408916493005890282
🚨 BINANCE AND CZ SUED BY CFTC OVER REGULATORY VIOLATIONS
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Bitfinex whales started closing their long positions🤔
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Binance Margin Will Delist NEBL as a Borrowable Asset From Cross Margin and DCR, NEBL, XVG From Isolated Margin
https://www.binance.com/en/support/announcement/2bcaff7b39064aa8969bb509d28b90f5
📍#Bitcoin Update (Continue)
Bitcoin price faced resistance near the $28,800 level, leading to a downside correction.
BTC broke the $28,000 and $27,500 support zones, but found strong support near $27,000.
The price rebounded from the $27,007 low and started a fresh increase, breaking above the $27,500 resistance zone.
However, the weekly candle closed in red, forming a doji candle, which may indicate a possible reversal in the bitcoin price.
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Binance Temporary System Maintenance Complete (2023-03-24)
https://www.binance.com/en/support/announcement/813a31506e9f478ea8c1058b425df87a
CZ: Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Waiting for more precise ETA.
Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU — link
#ARB / USDT (BINANCE)
BUY - 1.40 - 1.45 - 1.50
SELL - 1.60 - 1.75 - 1.90 - 2.20 - 2.50 - 3.00 - 3.50 - 4.00 - 5.00 +
#ARB Worth Buying Here!
If you didn't claim Arbitrum Token or have already sold it and want to re-entry, the $1.45 - $1.50 zone is good for buying
#CryptoEase
📍#Bitcoin update (Continue)
Tomorrow marks the monthly candle closing for Bitcoin.
There is a high probability that the closing will be in the green.
A monthly candle closing above 29,500 for Bitcoin is considered a bullish sign.
The market can anticipate an upside rally in this scenario.
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📌 Reason for the pump : Cathie Wood sees Ripple win the case against SEC. She said that in a recent Twitter Space.
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📍#Bitcoin Update (Continue)
Bitcoin price maintained a strong position above the key support zone of $26,500.
BTC underwent a consolidation phase and subsequently initiated a new uptrend above the $26,850 resistance level.
The cryptocurrency successfully crossed the $27,000 resistance level, but encountered resistance near the $27,500 zone.
In case the price fails to breach the $27,700 resistance level, a new downtrend may emerge.
The immediate support level lies near the $27,000 mark on the downside.
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2020: The year of #DeFi
2021: The year of #NFTs
2022: The year of #Metaverse-Web 3.0
What do You think 🤔
Will 2023 be the Year of A.I ???
BUSD exchange balance has fallen further by another 500 million following the CFTC lawsuit
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📌Binance Traded On Its Own Exchange With Approx 300 Accounts That Are Directly Or Indirectly Owned By CZ: US Commodity Futures Trading Commission (CFTC)
✅ Source
#BTC - Reason for DUMP 👆🤣🤣 . Whenever MicroStrategy Bought #BTC , It Dumped.
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The bitcoin dominance index is approaching a major support level.
Historically, this level has acted as a strong resistance, with multiple rejections in the past.
If bitcoin dominance is able to break through this major support level, it could lead to a drop in the price of altcoins.
Altcoins tend to suffer when bitcoin dominance increases.
However, if bitcoin dominance fails to break through this level, it could provide a boost to the altcoin market
📍#Bitcoin Update (Continue)
Bitcoin has reached a significant resistance area on its weekly time frame.
However, it has not been able to sustain its position or break above the resistance area.
The weekly candle is closing tomorrow, and it is anticipated that it will close in the red.
The level of 28,000 is a crucial resistance level that Bitcoin needs to surpass by giving a candle closing above this level to initiate a bullish move.
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📍#Bitcoin Update (Continue)
Bitcoin has continued to move downwards, as previously anticipated, following a retest of the ascending channel.
The next important support level for Bitcoin is located near $26,600.
In order for Bitcoin to gain bullish momentum, it will need to achieve a candle closing above the resistance level of $28,000.
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📍#Bitcoin Update (Continue)
Bitcoin had been in an ascending channel pattern until it broke down.
After the breakdown, the price of Bitcoin started dropping.
Recently, the price has been recovering and is now in the process of retesting the pattern.
If the price is not able to reclaim its position above the pattern, we may see another drop in price.
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