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Its FUD Phase Guys Relax 😂😂
Everything Planned and Executed 🫡
📍#Bitcoin Update (Continue)
🔺Bitcoin (BTC) has initiated a new decline below the $26,500 support.
🔺The 100 hourly Simple Moving Average (SMA) has also been breached.
🔺A significant resistance level can be found around $26,100, along with a trend line.
🔺The primary resistance is located near the $26,500 level.
🔺In case of a downward movement, a major support is expected near the $25,000 zone.
🔺A breach below this support level may lead to an accelerated decline.
🔺If the stated scenario unfolds, the price could potentially drop towards the $24,500 support.
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💰 #BTC Dominance is ranging for 78 Days already💁♂️
No Altseason, No Doom, Just Boring😴
Binance recorded $231 million more withdrawals than deposits within a one-hour period following the news about the lawsuit.
https://www.coindesk.com/markets/2023/06/05/binance-endures-69m-in-net-outflows-within-an-hour-amid-sec-charge-nansen/
UPDATE: The SEC claims that BNB, BUSD, SOL, ADA, MATIC, and more are securities!
According to the SEC, all of the following are securities:
- BNB
- BUSD
- SOL
- ADA
- MATIC
- FIL
- ATOM
- SAND
- MANA
- ALGO
- AXS
- COTI
#BNB killed…
Pro Tip: Partially Load Your Spot Bags With #BNB
🚨 Breaking: SEC sues Binance and CZ for breaking US securities rules.
Читать полностью…
📍#Bitcoin update (Continue)
🔺Bitcoin weekly candle closed in red.
🔺Price of Bitcoin is continuing to decline.
🔺Bitcoin's crucial support level is at 26,500.
🔺200-week moving average (W.M.A) coincides with the support level.
🔺Breaking below 26,500 would indicate a negative trend for Bitcoin.
🔺Further price drops are anticipated if support is breached.
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📍#Bitcoin update (Continue)
🔺The price of Bitcoin is currently above $27,000, indicating a stable position.
🔺To establish a bullish trend, Bitcoin needs to regain its position above $28,000.
🔺The first immediate resistance level is around $27,500, meaning that Bitcoin may face some difficulty surpassing this price.
🔺On the other hand, there is an immediate support level near $26,700, which may prevent the price from dropping further.
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🇺🇸 The United States announced that the unemployment rate in May was 3.7%, the highest since October 2022. The expected value is 3.50%, and the previous value is 3.40%.
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📍#Bitcoin Update (Continue)
🔺Bitcoin price rebounded from the middle of the descending channel. Current trading price of Bitcoin is above $27,000.
🔺A potential upward breakout and close above $27,500 could initiate a notable increase towards $28,000.
🔺Further gains beyond the $28,000 resistance zone may propel the price towards the $28,500 resistance.
🔺The next significant support level lies near the $26,500 zone.
🔺If the price falls below $26,500, it could lead to a substantial decline.
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Coinbase said they would continue to operate as usual.
https://twitter.com/fintechfrank/status/1666085987892748290
SEC sues crypto exchange Coinbase in New York Federal court
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Biggest long liquidation this year happened on Monday
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📉$270 Mln Long Positions were liquidated in the past 24 Hours
SEC protects you😜
CZ Binance says it will fight SEC accusations of illegal securities trading: “Strong together”.
https://twitter.com/cz_binance/status/1665761912850874368
All this binance fud lol.. SEC is a joke
But but they protect investors!!..like they protected everyone from FTX and Bidens buddy SBF
SEC is a meme
JUST IN: 🇺🇸 SEC says Binance commingled billions of dollars of customer funds to a third party entity owned by CEO CZ.
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📣CZ responds : Our team is all standing by, ensuring systems are stable, including withdrawals, and deposits.
We will issue a response once we see the compliant. Haven't seen it yet. Media gets the info before we do.
➡️Source: Click here
Atomic Wallet Users Hacked for $35M Worth of Bitcoin, Ether, Tether and Other Tokens
Читать полностью…
#Btc - Periods and Potential Trends🧐
1️⃣ Feb '21 - Jul '21: Descending Channel Pattern, 50% valuation loss. Bearish trend🐻
2️⃣Jul '21 - Nov '21: Strong bull run, 230% valuation gain. Bullish trend🐂
3️⃣Nov '21 - Nov '22: High volatility, 80% valuation loss. Bearish trend🐻
4️⃣ Nov '22 - Present: Consolidating near resistance, aiming for $47k if breakout occurs. Potential 150% gain✨
📍#Bitcoin Update (Continue)
🔺Bitcoin is currently exhibiting a falling wedge pattern on its weekly time frame.
🔺The falling wedge pattern is generally considered a bullish pattern.
🔺The price of Bitcoin is currently maintaining its position above the 200-week moving average (200WMA).
🔺If Bitcoin continues to follow this pattern, we can anticipate a potential breakout in the near future.
🔺A breakout from the falling wedge pattern may result in a bullish move for Bitcoin.
🔺The upcoming weekly candle closing will occur tomorrow.
🔺To form a green candle, Bitcoin's closing price should be above 28,000.
🔺Failure to close above 28,000 may result in a red candle for the week.
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Crypto exchanges post $307 billion in volume for May, lowest since Nov. 2020.
https://www.theblock.co/post/232989/crypto-exchanges-post-307-billion-in-volume-for-may
❗️There are rumors that the Gate.io exchange is insolvent.
There are more than $120M been withdrawn from the Gate over the recent 24 hours. Currently withdrawals are still working.
Be careful with your funds. Better to move them into a safe place.
Elon Musk Sued by Dogecoin Investors Over Insider Trading Allegations.
The suit claims that he used his social media influence to pump up the price of Dogecoin and then proceeded to sell it for profit.
📍Source: Click here