šŖ #BinanceHODLerSOPH is more than a hashtag ā itās a mindset. In a world of quick flips and panic sells, true HODLers stand strong. Binance believers donāt just chase trends ā they build legacies. š„ Whether markets rise or dip, SOPH (Strategy, Opportunity, Persistence, Holding) reminds us why we started. š Together, we HODL. Together, we thrive. š„ Tag your fellow diamond hands š and letās celebrate the power of patience, purpose, and progress. #HODL #BinanceStrong #CryptoFamily #Web3Future
8,000 Heartsā„ļø, 8,000 Smilesš, And An Infinite Amount Of Gratitudeš„°! Thank you For Being A Part Of This Beautiful Journey. š¹ā„ļøš„°ā„ļøš¹
Trump Media Technology's $2.5 billion financing to buy Bitcoin, denies earlier then makes official announcement, stock price plummets 10.38%
On the evening of May 27, Trump Media & Technology Group announced a $2.5 billion financing plan to purchase Bitcoin to include in the company's treasury assets. The company has reached subscription agreements with about 50 institutional investors, planning to issue $1.5 billion in common stock and $1 billion in zero-coupon convertible bonds.
According to official documents, the financing is intended for the purchase of Bitcoin, to be held alongside existing assets, which totaled $759 million by the end of the first quarter of 2024.
It is worth noting that earlier that day, when the Financial Times reported related news, the company strongly denied it, only to officially announce it later that evening. Following the news, the company's stock price briefly rose in pre-market trading, but turned to decline after the market opened, closing down 10.38%, and has decreased by 31% this year. The price of Bitcoin once surpassed $110,000.
Trump Media Technology's move is said to emulate MicroStrategy's 'Bitcoin Reserve' strategy. Previously, MicroStrategy continuously purchased Bitcoin, raising funds through various financial instruments. Supporters of this strategy believe the risks are controllable, while critics argue that it could collapse if the market reverses.
Trump Media Technology Group is a company owned by Trump, who holds a 52.9% stake. The company has brands such as Truth Social, and last quarter had only $820,000 in advertising and other revenue, while suffering a loss of $32 million. This financing represents an important step into the cryptocurrency field, having previously disclosed plans for a utility token and reached a cooperation agreement with Crypto.com.
BTC has not stabilized at the 110,000 markš As mentioned last night, a round of correction is about to begin. BTC take profit at 2000 points, ETH accurately rose to 2710, reaching near the third take profit positionš¤ Profit of 170 points. It's recommended to take profit on BTC long positions in advance; all profits were taken at 112,000, with a profit of around 2000 points. The initial position and additional positions have all been entered, resulting in a total profit of 4000 pointsš° ETH profit of 170 points; as I have said, I am not one of those masters who take profit on BTC for over a thousand points and take out ETH profits of 50 dollars to show off. I really can't afford to lose that faceš Even if I publicly provide free intraday trading, I guarantee I can achieve around 3000 points in Bitcoin and at least 100 points in ETH. If free intraday trading can reach this level, just imagine how good my trend trading must beš $BTC {future}(BTCUSDT)
Publicly Earn Big, Benefit from Both Long and Short
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BTC breaks through the 110,000 mark šš is about to hit a historical high? Accurate bottom fishing for long positions taking profit, is your teacher still publicly telling you to short? Chief short position taking profit, long positions are starting to take profit again š ETH has taken profit reaching 150 points š° BTC profit of 2400 points š¤·āāļø No pressure, both sides profit Before your teacher analyzes the market, first ask him how to deal with the trapped short positions š Day by day, losses are ignored, profits are just analyzed as profit, in practice only losses, shouting about profits is more than anyone else š Laughļ½ $BTC
This year's Binance Dragon Boat Festival merchandise can be said to be the most beautiful and photogenic ever, thanks to @Yi He @åøå®BinanceåčÆ From polo shirts to shoes, recently everyone has been rushing for alpha and it's known that everyone's phones are not enough Thoughtfully sending from iPhone 14 Pro to iPhone 16 Proš± (cases, hahahaha), there are a few models that are not usable, will be given away to fans in the comments Dragon Boat Festival, eat zongzi, make a fortuneš°
May has entered a better operational atmosphere By mid-month š¶ signal sharing data summary
After all, this month the market has given a good rebound. For those doing trading, some spot traders are making less, so they turn to contracts; otherwise, there's no room for operations.
šš Just a mention: Strategies are š free to share, and real-time reminders š are also a place for me to communicate with everyone. If there's an opportunity, let's all earn a bit more together.
šÆ Use this link to enjoy a 20% discount on fees š¶ Anan registration link: https://www.binance.info/join?ref=DZADD8FF (20% fee rebate) Referral code: DZADD8FF
Those who support me can also (send this link to family and friends, and fees will be distributed every Monday on time)
What It Will Take to Make Bitcoin a Real Medium of ExchangeāNot Just a Store of Value
Since its creation in 2009, Bitcoin has evolved from a digital experiment into one of the most talked-about financial innovations of our time. But while Bitcoin is often dubbed ādigital goldā for its ability to hold value, it has not yet fulfilled its original purpose as a peer-to-peer electronic cash system.
To move from a store of value to a true medium of exchange, several key challenges must be overcomeāand the world is slowly but surely heading in that direction.
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1. Scalability: Transactions Must Be Fast and Cheap
Bitcoinās base layer can handle about 7 transactions per secondāa far cry from Visaās thousands per second. For everyday use like buying coffee or paying rent, Bitcoin needs to become faster and more affordable.
The Solution?
Layer 2 technologies, like the Lightning Network, are making progress. These solutions allow for near-instant and low-fee transactions, ideal for small, everyday payments.
Continued development and wider adoption of such technologies are critical.
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2. Price Stability: Reducing Volatility
Volatility is one of the biggest barriers preventing people from spending Bitcoin. If a coin could be worth $70,000 today and $50,000 next month, why would anyone use it to pay for groceries?
The Solution?
Increased adoption and market maturity can help stabilize Bitcoinās price over time.
Integration with stablecoins and Bitcoin-backed synthetic assets might also help bridge the gap for more predictable daily transactions.
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3. Regulatory Clarity and Support
In many regions, spending Bitcoin is taxed as if it were property, creating a tax headache for every transaction.
The Solution?
Clear, consistent, and favorable regulatory frameworks are needed globally to treat Bitcoin like a currency, not an asset.
Countries like El Salvador are leading the way, recognizing Bitcoin as legal tender and encouraging real-world use.
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4. Merchant Adoption and Infrastructure
If Bitcoin is to be used daily, people need places to spend it. Currently, only a small fraction of businesses accept Bitcoin directly.
The Solution?
More crypto-friendly payment processors like BitPay, Strike, and Binance Pay are making it easier for merchants to accept BTC.
Widespread integration with Point-of-Sale systems, e-commerce platforms, and QR payment apps can accelerate mainstream usage.
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5. Cultural Shift: Spend, Don't Just HODL
The finalāand possibly most importantāfactor is mindset. Right now, most holders see Bitcoin as an investment. To become a medium of exchange, there needs to be a cultural shift where spending BTC is not seen as ālosingā value, but as using money with real-world utility.
How to Encourage This?
Incentives like BTC cashback, discounts for crypto payments, and community-driven campaigns can motivate people to transact in Bitcoin rather than just save it.
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Final Thoughts
Bitcoin was born to be both a store of value and a tool for everyday exchange. With the rise of fast Layer 2 networks, evolving regulations, and a growing ecosystem, weāre getting closer to this vision. But it will take global collaboration, user education, and a shift in how we perceive value and money.
If these pieces fall into place, we may soon live in a world where Bitcoin doesnāt just sit in a walletāit flows through the economy, changing how we spend, save, and connect.
Bitcoin (BTC): After reaching a new high in the weekly chart, it closed with a small bullish candle, indicating the bullish trend remains unchanged. The daily chart experienced three consecutive bearish candles due to tariff impacts, but rebounded after Trump changed his stance, not breaking the blue trend line. The 4-hour chart shows stagnation in growth, with short-term support at $108,000 and resistance at $110,500-$111,500. Hold coins for mid to long-term gains and add positions on pullbacks.
Ethereum (ETH): The weekly chart tested the 2700 point with a double peak, moving averages have golden crosses, but there are gaps that need to be filled. The daily chart rebounded after three consecutive bearish candles but is under pressure from the 7-day and 14-day moving averages. The 4-hour chart shows a volume contraction with rising prices, indicating clear resistance. Short-term support is at $2520-$2480 and resistance at $2580; if it breaks through, consider shorting at $2630-$2680. Looking forward to technological upgrades in the mid to long term, hold or increase positions.
Altcoins: Impacted by Trump's trade policy and FTX compensation, the market is under pressure. Last Friday, risk control measures were implemented for spot altcoins, and we are now in a wait-and-see mode for buying opportunities at the beginning of June. Focus on L2, modular, and Ethereum staking sectors.
For precise operational strategies, you can join our small community; strategy content is released in real time!
š¾Market analysis on May 26th.š¾ $BTC 's view: This weekend is okay, at least there is some volatility, so itās not too boring. Has the correction of Bitcoin ended? After waking up, I saw the price came back again, and itās running above 109,000, seeming like nothing happened but also like a lot happened.
Bitcoin broke through 109,521 with volume, and the hourly closing price is above 109,521 which allows for long positions on the right side, with a stop loss if the level is broken. 109,172 broke down with volume and couldnāt recover, so go short on the right side, with a stop loss if it recovers, and pay attention to changes in volume, keep a proper stop loss. At 107,948, a false breakdown occurred and then recovered, take a light long position. If it breaks the low of the false breakdown or falls below 107,149, stop loss; if it canāt recover, donāt go long. š¾ If Bitcoin can break through and hold 109,780 at the hourly level, it will continue to challenge 110,780-111,316. Letās see if it can recover today. For those who like to short Bitcoin, pay attention to 110,473 where a 2B false breakout occurred; take a short position, and stop loss if it holds above 111,158. Conservative players wait: long at 106,716, stop loss if it breaks below 106,000. At the 4-hour level, if Bitcoin wants to form a W bottom, it must break the neckline at 109,214. The 4-hour closing price must be above 109,214 for the W bottom to be valid and to look upward; otherwise, itās useless. š¾ Upper resistance: 109,814-110,473-111,343 Lower support: 108,514-107,915-106,716 At the 4-hour level, if it breaks below 108,571, look down to 107,530-106,740. Bitcoin is indeed very strong, and the weekly line has closed positive again. Currently, Bitcoin has already had 7 consecutive weekly positives; letās go for a 10-week positive streak!
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$ETH 's thoughts: The second Bitcoin broke through 2,553 with volume; go long on the right side, with a stop loss if it recovers. At 2,531, it broke down with volume; go short on the right side, keep a proper stop loss.
On a pullback to 2,500, confirm the support is valid with an additional long position, and stop loss if it breaks below 2,455. At the hourly level, if 2,574 can hold, the targets above are 2,620-2,652; the second Bitcoin needs Bitcoin to pull it up. Above the second Bitcoin, pay attention to 2,623 for a short position, with a stop loss if it breaks 2,659. Left-side orders: long at 2,435, must stop loss if it breaks below 2,400. š¾ Upper resistance: 2,573-2,616-2,652 Lower support: 2,499-2,446-2,402 At the 4-hour level, if it breaks below 2,500, look down to 2,452-2,419. Looking at the chart of the second Bitcoin at the daily level, this bearish engulfing candle cannot break through; it will be difficult for the second Bitcoin to take off, meeting adjourned. $BTC #å åÆåøåŗåå¼¹ #å·Øé²øJamesWynnåØę #MichaelSaylorę示å¢ęBTC