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Today's live summary: Why do we lose in cryptocurrency trading?
1️⃣ 'Most crypto losses aren't from the market… they're from the trader themselves' 'If you've lost more than once, listen to me one more time because the reason is usually one of the ones I mentioned'
2️⃣ The 'quick profit' lie The market is not a money machine Those who enter with a mindset of quick wealth will leave quickly Trading is not a race, it's a marathon
🟡 CZ (Chang Ping Chao): The UAE has been using government resources for Bitcoin mining for some time
🕐 Chang Ping Chao (CZ) posted on X platform that, according to his information, the United Arab Emirates has been utilizing government resources for Bitcoin mining for some time.
📌 This statement comes after a previous post by Vivek Sen, who indicated that the UAE has officially started Bitcoin mining using government resources, further fueling discussions about advanced institutional adoption of digital currencies at the national level.
👀 If these details are confirmed, the UAE could be among the first countries to enter sovereign Bitcoin mining, a development that could have strategic implications for the market in the long term.
Michael Saylor is back with updates on the Bitcoin Tracker, a move that often precedes an announcement about a new increase in its Bitcoin holdings.
📊 According to past patterns, the company typically reveals any addition to its BTC holdings the day after such hints, opening the door to expectations of a strong market move coming soon.
🙄 Are we due for a new purchase that could impact the price?
Lookonchain observed a veteran Ethereum investor— who purchased 154,076 ETH at an average price of approximately $517—depositing 40,251 ETH worth of around $124 million into the Bitstamp platform over the past two days. $ETH #Bitcoin #Cryptocurrency #Investment #Profit #BTC #Trading #CryptoNews #Web3 #OpportunitiesNeverRepeat #مال_واعمال #BinanceHODLerBREV #USNonFarmPayrollReport #FOMCWatch #USChinaDeal
🤑 Bitcoin (BTC): Trading at $90,750; trying to hold above the $90,000 level with a slight rebound in buying momentum after touching this morning's daily low.
✨ Altcoins: Slight improvement in performance; Ethereum rises to $3,098, while coins like Solana (SOL) and XRP show positive reversal signs from support zones.
You can present hundreds of analyses and explain every move, but the truth is clear: if Bitcoin dropped, it dropped, and there's no need to play around with interpretations from so-and-so, so-and-so, and so-and-so.
Currently, the market is in a short-term downtrend, resembling the 2019 correction more than those in 2018 or 2022. That means the drop might be temporary, and the major upward trend could return shortly, just like it did in 2019.
All the indicators that supported the short-term drop are still present. The market can reverse quickly, but weakness still dominates over strength, even with some recent recovery.
In conclusion: all possibilities are open, the short-term drop is ongoing, and everything is on the table.
Follow the market carefully, and stay ready for any sudden move.
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Optimism network announced its plan to buy back a significant portion of the OP token from the market, a move aimed at supporting the ecosystem and enhancing the token's value in the coming period.
Such actions typically reflect the project's confidence in its future and send a positive signal to investors and followers 👀📈
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