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🆘 What happened in Crypto in the last 12h? 🆘

• $BTC Touches 94K, New ATH
• Spot BTC ETF Inflow Turned Positive
• BlackRock’s $IBIT Options Trading Live
• $ELIZA vs $eliza Whipsaw
• Coinbase Listing $ME-Perp Premarket
• New 1B $USDT Minted
• Elixir x BlackRock BUIDL
• $ASTR Evolution 1.5
• $DYDX Unlimited Live
• Magic Eden RunesSwap Soon

🆘 What happened in Crypto in the last 12h? 🆘

• $BTC Hits New ATH 93K
• Robinhood Listing Again $SOL $ADA $XRP $PEPE
• $PEPE Listing Robinhood, Coinbase, Upbit
• Musk Mentioned Squirrel $PNUT
• Binance Listing Again Low FDV $HIPPO
• VanEck Launches $SUI ETN
• Blackrock BUIDL $AVAX $APT $ARB $OP $POL
• Linea Token TGE in Q1 2025
• OpenSea Token Plans in Dec
• New 1B $USDT Minted
• $MPL to $SYRUP Migration
#MarketDownturn

Summary of the latest news in the last 12 hours about the Crypto market (Translate to Vietnamese):

• Bitcoin (BTC) reached $89,000, surpassing even the value of silver.

• MicroStrategy buys an additional 27,200 BTC, continuing to increase its Bitcoin holdings.

• The trading volume of BlackRock ($IBIT) exceeds $4.4 billion, indicating strong institutional interest in Bitcoin.

• Major rumors about Bitcoin are drawing significant attention in the community.

• A new USDT worth $2 billion has been issued, indicating an expansion of supply.

• Tesla holds $1 billion in Bitcoin, showing confidence in digital assets.

• The roadmap for Ethereum's (ETH) Consensus Layer is set to launch, bringing hope for upcoming improvements.

• Binance lists additional new tokens ($ACT and $PNUT), fueling the price surge of low-cap meme tokens.

• Mantle launches fee rewards with the $COOK token, encouraging user participation.

• The proposal to convert $BLUR fees indicates changes in the governance of this token.

These are notable points, hoping to be useful for your Crypto market information updates.

#MarketDownturn

I have compiled the key areas and projects to watch in Q4 2024 to 2025.
#MarketDownturn

🆘 What has happened in the cryptocurrency world in the past 12 hours? 🆘

• The Federal Reserve of the United States cuts interest rates by 25 basis points
• $SOL hits $200 again
• $HSK will be listed on November 26
• Coinbase will list $RAY-Perp
• Wintermute buys $2 million worth of $MANEKI
• Speculation about collaboration between $AVAX and Blackrock
• Story completes the final testing phase and opens the NFT minting event
• Launchpad proposal for $JUP Memecoin
• SUI version of $TURBOS surges on PumpDotFun
• $FLOKI reveals Valhalla game
#MarketDownturn

Based on the chart and indicators on November 8, 2024

1. Bollinger Bands Indicator:

The price line is currently close to the upper band of the Bollinger Bands. This may indicate that the price is on an upward trend; however, when the price touches or exceeds the upper band, there is a possibility of a downward correction occurring.

2. RSI (Relative Strength Index):

The current RSI is at 78.88, in the overbought zone (>70), indicating that there may be selling pressure in the short term as the price may have increased excessively.

3. MACD (Moving Average Convergence Divergence):

The MACD line (green) is above the signal line (DEA), which is typically a sign of an upward trend. However, the slope of the MACD can be monitored to see if the upward momentum continues.

4. Trading Volume:

The trading volume is relatively stable but does not show any significant spikes, so there may not yet be signs of a strong reversal.

Conclusion

Based on the above indicators, the current trend of BTC remains upward; however, since the RSI is in the overbought zone and the price is touching the upper Bollinger Band, a small correction may occur in the short term before continuing the trend.

Based on the chart and technical indicators:

1. Bollinger Bands (BOLL): The price is fluctuating near the middle band of the Bollinger Bands, indicating that the price is stabilizing. However, if the price approaches the upper or lower band, it may signal a breakout or a correction.

2. Moving Average (MA): The MA(5) and MA(10) lines are trending slightly upwards, suggesting that a short-term recovery may occur. If these lines continue to rise, it may confirm a short-term upward trend.

3. RSI (Relative Strength Index): The current RSI is 71.93, indicating that BTC is in the overbought zone. This may lead to a slight correction before continuing to rise.

4. MACD (Moving Average Convergence Divergence): The MACD line and signal line are crossing and showing a positive trend. If this trend continues, BTC may sustain its upward momentum.

5. Trading Volume: The trading volume is not too volatile, indicating no significant change in investor sentiment in the short term.

Prediction:

In the coming days, BTC is likely to continue its short-term upward momentum, but may face correction pressure due to the RSI being in the overbought zone. If there are signals of a breakout above the upper band of Bollinger Bands and a surge in volume, this could be a sign of a stronger price increase. Conversely, if the price drops to the lower band, a deeper correction may occur.

#MarketDownturn #BTC☀️

🆘 What happened to Crypto in the last 12 hours? 🆘

• ETF flow for spot $BTC turns positive
• Surge in $UNI + DeFi Token
• Revenue from $ENA distributed to sENA
• $GRASS reaches $3 + High volume
• Buyback of $AVAX Foundation 1.97 million $AVAX
• $SUSHI launches 'Vesting Launch'
• $ARKM Perp DEX is about to launch
• $BNB reveals RWA service
• Airdrop $BIGTIME OLRP
• Announcement of $ARPA

#DailyMarketOverview #MarketDownturn