#MarketRebount Before the Christmas holidays, coins showed signs of recovery. Perhaps this is a gift from Santa Claus to coin-holders. Those who have successfully caught the bottom can close a small amount to have money to play the holidays for fun. At present, FOMO or using high leverage is probably not recommended.
$BTC update view 23/12/2024. Currently, BTC is responding quite poorly; the large outflow of capital from the market has just begun to cool down, so it's understandable that the market has not yet recovered.
🔸However, there must be some significant news; otherwise, BTC is unlikely to rise above 103k during this period. 🔸The M15 frame looks quite bad, continuing the process of price decline testing the range of 93-94k and continuing to sideways between 93-98 in the short term. 🔹Before and after the New Year, there will be many fluctuations in the market, a reset of the game, so everyone should prioritize safety first.
📌 Currently, the positive cash flow is not significant, cashing out to the outside. Both abroad and domestically are also preparing for the end of the year and the holidays, so it's understandable that the market is slowing down and showing a tendency to turn red. I am not trading BTC, I'm just holding Altcoin, so I hope that the cash flow is strong enough to pump and support the price during this period, leading to a positive stabilization in the new year.
Oh dear, the deep sweep is happening, I also warned that there would be another drop of about 10-20% and it indeed happened. Currently, BTC has passed the support level of 97-98 so it's dropping to 95. The new support level is at 92. If not, it might bounce back up right away. The liquidity sweep has already happened a bunch. It's really uncomfortable for you.
BTC closing the weekly candle above the 80k area confirms an uptrend lasting 5-6 months, which means until the end of March 2025. In December, the market corrected due to a strong rise in altcoins. MM needs to reset to align with wave 2. After BTC runs, it will be ETH's turn. ETH breaks out of the long-term downtrend trendline at the 3500 area. The surge to 4000 has now backtested this area to verify it. The next wave will be of ETH and stronger altcoins (since ETH leads the wave and dominance is turning down).
Macro news series on the morning and evening of December 19. At 02:00 AM: + FED interest rate decision Forecast: 4.5% Previous: 4.75% + FED FOMC meeting minutes At 02:30 AM: FOMC press conference At 08:30 PM: Q3 GDP Forecast: 2.8% Previous: 3% Major news that will impact the market, fellow Long Short traders pay attention to the timing P/S: do not go all-in in any form Small leverage, guys....
True to my thoughts. Altc must drop an additional 10-20%. Unfortunately, the limit order was set a bit deep so I couldn't match the BTC it jumped. Currently, BTC will move sideways and then gradually rise later. In January, before Trump takes office, it will run. ... what do you think?
🔥Overview of the Crypto market update 18/12 and weekly activity range. For those who don't follow the news closely, you can read this brief to understand the current market. 🔹The ETF SPOT BTC and ETH continue to see positive cash flow with a total of over 630 million $ 🔹Trading volume and the market have cooled down regarding the FOMO for Bitcoin and Altcoin, especially for memecoins. 🔹Crypto investors and general financial investors are all waiting for the FED's interest rate cuts. 🔹User activity in the Crypto market in December has reached a record high ever. 🔹Experts are increasingly showing support for Bitcoin and Crypto, predicting that Bitcoin could reach 140k$ in Q1 2025, which could elevate the support for Crypto from countries, businesses, and organizations to a new level. 🔸FUD Binance accidentally leaked information about 5 tokens on the Binance Alpha list, which was clarified by Yi He to be false but has affected the pairs: RIF - MONKEY - HAPPY - ZRC - ELIZA (note not to FOMO) 🔸The FOMO market has cooled down, a large number of spot investors are sitting still, and the volume of perpetual contracts has increased. 🔸Trump's crypto asset value has returned to increase beyond $13 million.
Tonight there is news from the Fed, the likelihood is still decreasing, but there are related issues, so before each news event, BTC mostly decreases. According to my prediction, it will decrease until tonight. From tomorrow and into next month, it will rise and fly, there’s nothing else to report. Everyone should limit trading until tonight. It's best to wait until after the news to trade. No all-in under any circumstances. Ensure that my account is always fully hedged. P/s: It's been a while, tonight let's keep an eye out for a good price, right?
Just because of a little loss of control over my spirit, I lost almost all the money I earned. But I must refresh my spirit, let go of the past, do not look back, continue to start over, each story that passes will be a lesson for me to be more careful. Safer. The battle is still long, so if I take it easy, stay safe, and play with discipline, everything will be in my hands.... Experience 12/18/2024... #BTC☀️ #altcoins"
B just started playing futu ah. Must control the amount of money, right?
Taileed
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Keep holding on until it eventually closes, guys. Many people are being too harsh, saying things like 'good stuff', 'it will spike this week', 'top 3 coins you should buy this week'. Sigh, there's also that pair of pants.
#CryptoUsersHit18M $PEOPLE PEOPLE Bears Step In – But This Is Your Opportunity! A large liquidation worth 105K $ has just occurred at $0.05795 but for smart traders, this is a great buying opportunity! The potential of PEOPLE remains intact, and this dip could be the ideal entry point before it recovers. Market fluctuations like this create significant opportunities for those willing to act. Buy $PEOPLE now and get ahead of the next recovery!
If I let it out tonight, it really is going to the land of bliss
Trading Insight
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🔥 Red can't buy, what can blue sell? Just entered with 3 items, there’s one more list preparing to come in. Do you all still have the strength to watch the market drop? Because I see many are already pale in the face
Or are they all getting hot under the collar? :))) Lately, the specific one keeps dumping around 4-5 AM, and if they mess up tonight and dump a little more down to 92k, it’s perfect for pulling the whiskers tomorrow. So let’s have a good time tonight with the children and grandchildren.