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BTC $63,050.04 -0.62%
ETH $1,874.27 -0.77%
BNB $607.30 -0.49%
XRP $1.00 -0.32%
SOL $75.62 -0.05%
TRX $0.3341 -0.43%
DOGE $0.0697 -1.39%
ADA $0.1814 -0.41%
BCH $205.88 -3.42%
LINK $8.74 -0.27%
HYPE $57.60 +1.90%
AAVE $87.43 -2.09%
SUI $0.6832 -0.02%
XLM $0.1587 -0.16%
ZEC $486.75 -1.49%

cex

CEX is the abbreviation for Centralized Exchange, referring to cryptocurrency trading platforms operated by centralized entities. CEX offers a user-friendly interface and high liquidity, supporting transactions between fiat currency and cryptocurrencies. Users must undergo identity verification through the platform, and transactions are matched and settled by the platform. CEX typically provides higher trading speeds and customer service, but due to its centralized nature, it faces higher security risks and regulatory challenges.
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Flash

Garrett Jin: Hynix has rebounded to the profit-taking zone, planning to buy on Bitcoin's pullback, and be cautious of the remaining unlocks after SpaceX's short squeeze

Garrett Jin released this week's market report, characterizing the rebound in the South Korean market as a wide-ranging fluctuation rather than a new trend. SK Hynix rebounded continuously after retesting the 1.42 million won area, closing up 5.9% at 1,593,000 won. The KOSPI has risen 20% from the July low, entering a technical bull market, but foreign capital has not shifted to long-term holdings, and the drag from leveraged ETFs remains. Garrett Jin set the first profit-taking level at $1,150 (approximately 1.63 million won), with the next target at $1,300 (1.85 million won).Garrett Jin also noted that gold recorded its strongest weekly gain since January this week at +7.8%, priced at $4,388. The driving factors were a decrease of 23,000 in July non-farm payrolls and a moderate CPI that dampened September rate hike expectations. However, it is currently overbought in the short term, and a pullback could present an opportunity for incremental accumulation. Bitcoin has shown no response to the same macro-positive factors, remaining trapped between the support at $62,500 and resistance at $65,000-$70,000, with the bottom structure since $57,700 gradually being built. Garrett Jin will wait for the next buying opportunity after a pullback.Regarding SpaceX, Garrett Jin believes the recent performance is a classic case of "bad news fully priced in + short squeeze," with the unlocking itself becoming a washout rather than the starting point of a decline. However, the unlocking window has not yet ended, with an additional 319 million shares to be unlocked, approximately 700 million shares each in September and October. The current range up to $160 is a profit-taking zone rather than a high-entry zone.
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