xToken raised $2 M in a new round of funding on 2021-11-03.

This week, the Bitcoin market has shown unexpected resilience. On the 4-hour chart, the support level around $117,000 has held for a full week, which is indeed surprising. Currently, BTC is still oscillating within the range, yet to break through the key resistance level. From a daily perspective, as the price range gradually narrows and tilts upwards, Bitcoin is approaching the daily mid-track support level around $116,200. If this key support is not maintained, we may need to prepare for further pullbacks. It is worth noting that the CME futures gap area we mentioned earlier this week, between $114,300 and $115,790, may become a potential target range for a pullback. This week, the market lacks a clear macro narrative driver, and the remaining focus may be on whether tariff policies can provide positive stimulation for the bulls. However, as the weekend approaches, if there is a lack of strong buying momentum, we may need to continue monitoring the possibility of a pullback at the daily level. Overall, the Bitcoin market seems to be in a balanced state in the short term. Investors should closely monitor the performance of the key price levels mentioned above to assess the upcoming market direction. At the same time, it is important to pay attention to external factors that may affect market sentiment, such as policy changes or the release of significant economic data.

Recently, the price of Bitcoin has been continuously rising, which may drive the price of TROLL coin to surge rapidly within the current support range. Observing the market reveals that Large Investors are buying in large quantities, forming a huge buy wall. This indicates that TROLL may set a new historical high in the near future. However, investors need to act cautiously to avoid making irrational decisions due to short-term fluctuations. The market is ever-changing, and excessive momentum investing may lead to losses. Rational investing and proper risk control are key to long-term profits. In the Crypto Assets market, it is crucial to remain calm and analyze objectively.

I finally have a setup! no more trading on my phone! Any tips?

Yesterday, the price of Bitcoin showed a volatile downward trend, retreating from an intraday high of around 118,400 USD to a low of about 114,650 USD, ultimately closing near 117,600 USD. Currently, the important support level that the market is following is around 116,000 USD. If it falls below this level, it may further dip towards the MA30 moving average line. Investors may consider looking for go long opportunities near this support level. Looking upward, the MA14 moving average constitutes the current main resistance. If this resistance can be broken, Bitcoin is expected to challenge the psychological level of $120,000. However, as this level approaches, there may also be shorting opportunities. It is worth noting that the MACD indicator shows that bearish strength is increasing. From the four-hour chart, the MA7 moving average has become a key support level recently. If it falls below this moving average, $115,400 will become the next important observation target. Conversely, if the price can break through the MA90 moving average resistance, it may dip towards $119,150. In this area, investors should also be wary of potential go long opportunities. Overall, Bitcoin is currently in a critical technical position and may continue to show a fluctuating trend in the short term. Investors should closely follow the performance of key support and resistance levels, adjusting their trading strategies in a timely manner based on price movements. At the same time, it is important to manage risks and set reasonable stop-loss levels.

Against the backdrop of new projects continually emerging in the Blockchain field, Chainbase has attracted industry attention with its unique Token design and economic model. The C Token serves as the core of the Chainbase ecosystem, taking on multiple roles. Firstly, it is the primary payment medium for users to access and query datasets. Secondly, validators and operators need to stake C Tokens to participate in network operations and qualify for rewards. Furthermore, C Token holders also have the right to participate in network governance, allowing them to propose suggestions and vote on important issues such as protocol upgrades, parameter adjustments, and development directions. The economic model design of Chainbase is also quite unique. The initial circulation of C Token is set at 10 micro coins, with an annual inflation rate of 2% to maintain network security. In terms of revenue distribution, 80% of the data query fees will be distributed to operators and their delegates, 15% will be allocated to developers, and the remaining 5% will be permanently destroyed. This design helps to incentivize all parties involved and maintain the value of the token. It is worth mentioning that Chainbase has established a 6-year incentive program, allocating 15% of the total supply to the operator pool to attract more quality operators to join the network. Meanwhile, a fixed annual inflation rate of 2% will continue to be distributed to validators and delegators to ensure long-term stable network security. Overall, Chainbase attempts to strike a balance between incentivizing participation, ensuring security, and maintaining value through its well-designed Token features and economic model. However, like all emerging projects, Chainbase's long-term success requires market validation and the test of time. Investors and participants should comprehensively assess its potential and risks when following this project.