Bitcoin price has soared recently hitting the $11,000 milestone. With the current price rally, the coin broke the resistance level of $11,000 and approached the values of $11,300.
When the market is volatile and the price fluctuates rapidly, many traders, analysts and enthusiasts present a market analysis indicating the following direction of price movement. However, it will be expensive for marginal traders to follow such guide.
Binance CEO Changpeng Zhao tweeted post trying to warn the public against indiscriminate margin trading and financial folly. This instruction indicates consideration of a long-term marginal position at BTC.
We had our first Margin liquidation today. Guess what, it was on a #BTC short.
His statement ends:
Don’t bet against bitcoin, and don’t bet again b…
The final part of the post is particularly controversial and does not reveal the essence. This part of the comment may involve cryptocurrency and its platform - Binance Coin (BNB).
Probably Changpeng Zhao expects support from the community and indicates that his BNB cryptocurrency shows good potential.