Binance Exchange Report: It has grown to become the largest cryptocurrency trading platform
Binance is one of the largest cryptocurrency exchanges in the world, and has achieved many milestones since its founding in 2017 by Changpeng Zhao (CZ). Here are some of the platform’s most notable achievements: 1. Rapid growth to become the largest platform in the world • In a short time, Binance has become the largest platform in the world in terms of daily trading volume of digital currencies, thanks to its advanced features, ease of use, and provision of a large number of digital currencies.
Good advice for beginners in cryptocurrency trading
A good tip for beginners in cryptocurrency trading is: 1. Start researching and learning: Before you invest any amount, learn the basics. Learn how cryptocurrencies work, what blockchain technology is, and how wallets and platforms work. 2. Invest as much as you can afford to lose: The cryptocurrency market is highly volatile, so invest an amount that you are prepared to lose.
$BTC 🚨 Chairman of the Securities and Exchange Commission Paul $BTC Atkins just went live on Fox and said they're going to ease regulations related to #BITCOIN and cryptocurrencies!
In short $BTC The price is currently moving around 87,350 with narrow fluctuations after bouncing from a low of 86,600. The movement indicates more consolidation than actual upward movement. The price is still below MA99 (≈ 88,060), which means that the overall short-term trend has not changed. The short-term moving averages (MA7 and MA25) are converging, giving a temporary balance signal at best. The volume is relatively weak, which does not support any clear breakout. Supports: 87,000 86,600 (strong support) Resistances: 87,800 88,100 As long as the price is below 87,800, the movement remains sideways, And any rise without increased volume is considered prone to reversal. Summary: The market is in a waiting phase, with no confirmation of upward movement or downward break yet, And the best approach is to deal with the extremes rather than the middle. #BTC #Btcoin
What is Somnia? Somnia is a first-generation blockchain network (Layer 1), compatible with the Ethereum Virtual Machine (EVM-compatible). It is specifically designed to support applications that require high speed and intensive data processing, such as gaming (GameFi), decentralized social media, virtual worlds (Metaverse), and decentralized finance platforms (DeFi).
There is nearby resistance at $114,287. If it breaks with strong trading volume, it may continue to the next area of $114,400 – $114,800.
The nearest support now is around $113,400, and if it breaks this, it could drop to $112,900 – $112,400.
2. Indicators (MACD + Averages)
The MACD indicator is currently close to positive (the yellow line is slightly above the purple line), which gives a slight bullish signal but not very strong.
The short moving average (5 days) is close to the longer moving average (10 days), meaning the market is stable but there is no clear strong trend.
3. Trading Volume
There was a previous increase in volume at the breakout to $112,100, then the volume weakened → meaning now the movement is calm and needs news or liquidity to break the resistance.
4. Time Performance
Over the week +1.53% (positive).
Over 30 days -4.12% (meaning the market has not fully recovered yet).
Over the year +97% (general uptrend).
Near-term forecast:
Possible short-term rise if it breaks $114,300 with good trading volume.
Possible drop if it loses the level of $113,400, with the target being around $112,900 – $112,400.
📌 This means the market is currently fluctuating between $113,400 – $114,300, and any break of these levels will determine the next direction. $BTC
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