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Binance futures & spot signals

On the 4-hour chart, there appears to be a small falling wedge pattern. This pattern is considered bullish, indicating that Bitcoin may break out of it and move towards the $28,000 major resistance area. The support levels for BTC remain unchanged.

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Binance futures & spot signals

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Binance futures & spot signals

Long-term BTC investors are accumulating around 50,000 coins ($1.35 billion) per month.

The total number of BTC held by long-term holders has reached a new all-time high - 14,859 #BTC, accounting for 76% of the cryptocurrency's circulating supply.

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Binance futures & spot signals

Bitcoin broke the $27,000 level and traded below it. The next support is the trendline which is near the $26,000 level. The major support is the $25,000 area key level for BTC.

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Binance futures & spot signals

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Binance futures & spot signals

Price is currently testing a support area. It is recommended to take a small long position with a tight stop loss since a bounce from the support area is expected.

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Binance futures & spot signals

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Binance futures & spot signals

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Binance futures & spot signals

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Binance futures & spot signals

STORJ analysis:

The price was rejected from the $0.53 resistance level on the daily chart, and we may see a test of the local support level in the $0.42-$0.43 area. Wait for sometime for opening new long positions.

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Binance futures & spot signals

The market capitalization of stablecoins has been in a continuous downtrend since its all-time high in 2022, and the market liquidity has dried up.

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Binance futures & spot signals

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Binance futures & spot signals

Future Bot Signal 📊
Lv 20x ( Capital 5% ) 📈
Lv 10x ( Capital 8% ) 📈

ZRX 📈
LONG 🟢

Price Market : 0.1882 - 0.18🤖
Target : 0.1890 - 0.19 - 0.1989 - 0.22 - 0.28 - 0.32


Stop-loss : 0.1750 ‼️

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Binance futures & spot signals

Bitcoin is going sideways and trading below the resistance area. Still, there is no clear movement in the market. BTC looks good as long as it's trading above the $27,000 level.

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Binance futures & spot signals

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Binance futures & spot signals

BNT analysis:

The price is rejected from the major resistance area. The support on the daily chart is $0.38-$0.44 area and we may see a test of this zone in the coming days. Wait for sometime for new entries.

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Binance futures & spot signals

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Binance futures & spot signals

Based on our analysis, TRB is currently experiencing a breakdown below the support level. It is strongly recommended to wait for new entries. A candle close below this support area would indicate a bearish trend. The next support level at $43 may be approached in the coming days.

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Binance futures & spot signals

LINK analysis:

There is an ascending broadening wedge pattern formed on the 4-hour chart. Price is now testing the support trendline of the pattern. An ascending broadening wedge is a bearish pattern and usually breaks in a downward direction. Better to wait for some time for new entries.

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Binance futures & spot signals

Altcoin season happens when there is a large drop in BTC dominance. We haven't seen any downtrend in Bitcoin Dominance since 2022. A drop in dominance usually happens after a Bitcoin rally.

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Binance futures & spot signals

Bitcoin is slowly going toward the $27,000 level and the price needs to hold this level. A break below this support level will bring some sell-off and we may see a dump toward the $26,000 level. Keep tight stop loss in all trades.

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Binance futures & spot signals

Tp 1 🔼

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Binance futures & spot signals

🔼Tp 1&2 🔼

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Binance futures & spot signals

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Binance futures & spot signals

Educational Post

What’s DAI?

DAI is a cryptocurrency categorized as a stablecoin. It aims to keep its value consistent with the U.S. dollar at a 1:1 ratio. It has its own decentralized governing organization, MakerDAO, to regulate its value. It was one of the first to successfully transition from a company to a decentralised autonomous organisation (DAO).
 
Users can generate DAI through the Maker Protocol, a system that leverages locked up collateral to generate the token. Users can use other cryptocurrencies as collateral or buy DAI using traditional fiat currencies on cryptocurrency exchanges like Coinbase.

What makes DAI different?

A framework of self-executing smart contracts autonomously controls the price of DAI. If DAI's price deviates from USD, MakerDAO's algorithms will create or burn tokens to stabilize DAI's price.

As a result, DAI's stability is not dependent on a single party. An effective algorithm benefits token holders since burnt tokens increase the value of existing ones. This system has seen DAI maintain a relatively stable value for over six years.

How does DAI work?

DAI's value remains relatively stable due to stored collateral that backs up its value. For every $1 of DAI, there is more than $1 of other cryptos that back it. As a result, DAI holds value. Other cryptocurrencies act as collateral for DAI to maintain this value against the US dollar. DAI uses Ethereum (ETH) and other Ethereum-based cryptos as collateral and smart contracts on the Ethereum blockchain.

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Binance futures & spot signals

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Binance futures & spot signals

Future Bot Signal 📊
Lv 20x ( Capital 5% ) 📈
Lv 10x ( Capital 8% ) 📈

OGN 📈
LONG 🟢

Price Market : 0.1171 - 0.098🤖
Target : 0.1185 - 0.1230 - 0.1489 - 0.189 - 0.25


Stop-loss : 0.090 ‼️

@binance_futures_spot_signal

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Binance futures & spot signals

The altcoin marketcap, TOTAL2, was rejected from resistance and dumped towards support. A potential bounce from support may occur. The support and resistance levels remains the same.

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Binance futures & spot signals

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Binance futures & spot signals

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