CZ Warns of the Conflict Between Transparency and Privacy
- Conflict of Transparency and Privacy: Changpeng Zhao emphasizes that excessive transparency in current blockchains makes salaries and business data easily traceable, hindering the adoption of crypto payments, and he advocates for privacy-preserving tools to address this issue.
- Crisis of Fake Traffic: The recent phenomenon of 'ghost sessions' has flooded analytics data for small publishers and businesses with fake traffic, distorting ad revenue and campaign performance, particularly harming niche sites.
- Threat of Deepfake Technology: Zhao noted that AI-generated deepfake videos have become so realistic that distinguishing them from real interactions is challenging, leading to scams where a Hong Kong finance team was tricked into wiring approximately $25 million.
- Macro Risk in Crypto Market: Bitcoin is currently trading around $68,531 with a 24-hour volume of $39.4 billion, highlighting the significance of digital assets in macro risk appetite and reflecting the dual demand for transparency and privacy in the market.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 58086.456 | 61602.228 | 65239.866 | 68755.638 | 72393.276 | 75909.048 | 79546.686 |
| Fibonacci | 61602.228 | 64334.831 | 66023.035 | 68755.638 | 71488.241 | 73176.445 | 75909.048 |
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