Midnight Backstab? Bitcoin and MSTR Rise Together! FTT, ZEN Surge! Altcoin Bull has Taken Off! On-chain Wealth Effect Continues!
On Monday, Bitcoin dipped and is currently below $96,000, with the overall cryptocurrency market showing signs of stabilization.
As mentioned earlier, we said that $94,000 is a support for Bitcoin, and it bounced back to $99,540 before starting to pull back. It has now retreated to around $95,000, which is also a needle and rebound. The opportunity lies in, on one hand, waiting for the price to further break through the short-term resistance and exit the downward trend to make a breakout buy; on the other hand, waiting for the price to continue testing the lower divergence in the shadow line process.
Price reference: short-term support at 93110~92653 (monitor the market), second support at 91206~89684 (1:2), medium-short-term resistance at 98388~100524 (a breakout indicates that the price has completed a small bottoming formation and will return to bullish; a second retest can be entered, with a defense at 96802). Note: Don't pay too much attention to the so-called bullish or bearish; pay more attention to the changes in the local buying and selling points.
In order to clean up the long leverage, will it continue to fall?
I feel that if the altcoins keep falling, the market makers will obviously hurt even more.
I think of a term in League of Legends, called "exchanging blood."
It means you hit me once, I hit you once, let's see who hurts more; if you don't agree, let's switch it up.
If you're afraid and don't dare to exchange blows, the other party will keep pressing and bullying you. Only after exchanging blows once, making them feel the pain, will they not dare to trade blows with you.
Yes, exchanging blows will definitely hurt, but you need to make the other party hurt more. Only after feeling pain will the other party be honest and willingly be suppressed by you.
The market makers and the bulls exchanging blows can make those who have opened long positions feel pain and not dare to open positions again.
I will exchange blows with the market makers; as long as they dare to crash it down, I will pick it up, betting that there will be new market trends ahead.
Will we see a Dogecoin ETF in 2025? DOGE $1 is not a dream!
In 2024, we welcomed the significant milestone of Bitcoin and Ethereum spot ETFs being approved for listing in the United States. With Trump officially elected, the U.S. Securities and Exchange Commission (SEC) is expected to be led by crypto-friendly officials. Many experts believe that more cryptocurrency ETFs will gain SEC approval next year, with the most promising ones including SOL, XRP, LTC, and other related ETFs.
In 2025, we initially thought that by Christmas we would see institutions applying to issue a Dogecoin ETF, but surprisingly, we still haven't seen any related applications. Perhaps we will have to wait until Trump and the new SEC Chairman Paul Atkins officially take power to see this.
The sharp decline is just a temporary shadow; a bear market in a bull market is not scary, what is scary is that you have lost the courage to increase your position!
A rebound is precisely the time to test true value; strong coins must stand out and show their charm!
Many people are afraid and panic, thinking the bull market is over, but little do they know this is a game for the brave!
At the same time, you need to know one thing: the stronger the rebound, the stronger it is.
Crash, wash-up, enter to 'pick up corpses'! Is Bitcoin going down? Altcoins are falling! The golden pit has appeared!
What did you see in the market during last Friday's rebound? Is it fear? No, it's absolute greed. When the market drops, many people will start buying the dip, which clearly does not align with expectations. A true stage bottom is accompanied by panic selling, and it is obvious that we are not there yet.
In the crypto circle, since you're here, you can't just talk; you have to take action!
In the past 24 hours, a total of 105,678 traders across the network have been liquidated, with a total liquidation amount reaching 288.76 million dollars.
Recently, long positions have been largely liquidated. Even if Bitcoin drops to 85,000, it can only liquidate 1.17 billion dollars; conversely, if Bitcoin rises to 105,000, it can trigger a liquidation of 2.4 billion for shorts.
Bitcoin in a tug-of-war at $95,000! Major announcement from Trump! Positioning 3 altcoins under $0.10 for 100x returns!
Bitcoin is in a tug-of-war at the $95,000 level. Donald Trump, the elected president of the U.S., nominated Stephen Miran as the chair of the Economic Advisory Council, which the industry sees as a positive development for the crypto sector.
Cathie Wood, founder of asset management company Ark Invest, predicts that due to the pro-cryptocurrency policies of the upcoming Trump administration, Bitcoin's price will reach $1 million by 2030. Eric Trump, son of Trump, also stated that due to supply scarcity, Bitcoin's price will reach $1 million.
Why do the three fools of the crypto world (Neiro, Act, Pnut) only have one wave of highs but so many followers?
1. Common Characteristics
Simply put, all three coins are memes. Due to the meme rhythm led by Pepe and Wif in the first half of the year, whether retail investors or seasoned ones, all they see is meme coins. I actually feel that memes and VC coins are all toys of the market makers; the candlesticks can be drawn however they like.
2. There is a very good wealth effect
These three memecoins had market capitalizations of neiro—20 million cat—20 million pnut—around 100 million
The above three tokens are roughly within these ranges; if there are errors, please don’t criticize.
However, the rise of a token is divided into two phases.
1. After Binance's announcement—officially listed on Binance
Currently, looking at market data, risk appetite has slightly increased, and there is a capital outflow in the Asia-Europe market. It still requires continuous attention to see if it is due to the safe-haven effect of Christmas or if there is a decline in capital sentiment. In the US market, the performance is still relatively good. The liquidity in the market remains sufficient.
The recently popular MOCA was launched in early July and began its slow decline, never rising again until mid-December, leaving all buyers at a loss. At that time, the project team was active, doing two things: first, accumulating at the bottom, and second, launching on major exchanges. Finally, it started to explode recently, and those who held on not only broke even but also began to profit.
The two reasons to buy this coin are: 1. The project team's background resources and strength are very strong. 2. Whether the project team accumulated significantly at the bottom.
We analyzed this coin a few weeks ago in the WeChat group, and the two reasons were clearly stated. However, 90% of people sold at the bottom, unable to hold on, not believing in logic, lacking patience, and preferring to chase daily hot topics and coins that spike.
As long as the logic I mentioned is satisfied, the probability of a subsequent price increase is over 99%.
Plummeting and Selling at a Loss, Missing the Rebound! Bitcoin's Direction is Set for Next Week! Altcoins are Set for a Big Explosion, These 2 Coins are Going to Spiral Upward!
In the past week, after Bitcoin failed to reach 110k, it significantly retraced and is currently consolidating below 100k. The past week was the 51st week of 2024, and it is also the second-to-last week. There is just over a week left, and 2024 will forever slip away from us. Whether in joy or sorrow, willingly or unwillingly, it will gradually let go.
First, let's look at Bitcoin's important indicators.
Looking back at previous bull markets, Bitcoin often reaches new highs after Christmas. History does not repeat itself, but it is always remarkably similar. So, brothers, will next week become a week of significant importance?
Currently, Bitcoin has seen a plunge to 92,200. Over the weekend, the price remained stable above 94,000. As shown, BTC's URPD data indicates that the red entity represents an increase in chips within the corresponding price range.
Why has the bull market stalled? Chasing Bitcoin and altcoins, have you been liquidated or cut? I’m taking profits! Next, I will continue to lay out the core!
Did you make money in this bull market? Trading cryptocurrencies requires skill! The 'sharp rises and falls' scared many traders into either cutting losses or getting liquidated, and the coins in hand are dwindling. Buying low and selling high, or selling low and buying high—one guarantees profit while the other guarantees losses. Will we continue to be cut and liquidated?
So, what will the market do next? Is the bull market still here? The article yesterday already provided the answer (after 1 million liquidations, Bitcoin will hit new highs! After the sharp decline, altcoins will fight back! Dogecoin rises 50% against the trend! An epic surge is coming!). The market does not show signs of collapsing; it has stabilized. I believe this time it's a slow bull market, not as fast as the rise in 2023, nor the double peak structure of 2021. The main players will always change their strategies compared to the previous bull market, focusing on unexpected moves.
Dogecoin Leads the Trend! Can DOGE Achieve the $1 Hype?
Dogecoin originally started as a joke, with no real use. Although this token still has no utility and represents a joke, it has evolved into a massive crypto project with millions of fans around the world.
The price of Dogecoin has risen to a historic high of over $0.6, which is quite impressive given its origins and utility. For years, Dogecoin holders have been wondering whether this token will reach the elusive $1 mark. Will it reach this price level? Or will new altcoins like Rollblock reach this price level first?
Ethereum dropped significantly to 3104 yesterday, very close to the support level of 3020. The rebound that followed also saw a large trading volume, and yesterday's close was a hammer candle with high trading volume, indicating that both buying and selling pressures for Ethereum are quite strong.
Positive factors are starting to emerge, as there are clear signs of recovery in Ethereum ETF buying, which allows for optimism about Ethereum's future market.
However, in a double top structure, once the neck line is broken, it becomes an important resistance level. Moreover, the large trading volume during yesterday's drop indicates strong selling pressure, so it is likely that a second test will be needed.
Therefore, the most likely scenario moving forward is that Ethereum will rebound and test the neck line resistance level, and after a failed breakout, it will conduct a second test.
Billions of dollars were blown up! A late-night turnaround is coming! As Bitcoin plummets, the on-chain wealth effect is at its peak! Is the turnaround all thanks to Monky?
In the past 24 hours, 427,378 traders were liquidated, with a total liquidation amount of $1.39 billion. The bull market is not over yet, and it is still in an upward trend.
Late at night, the turning point in the cryptocurrency circle finally came!
The inflation data just released showed that both PCE and core PCE beat expectations, falling an additional 1%. This greatly eased the current rumors that the Fed will cut interest rates less next year, and now that Wall Street is back to work, a rebound is expected.
In addition, if you look at the on-chain data, you will find that the Trump family’s WLFI has increased its holdings by 759 ETH. Oh no, did Trump buy at the bottom?
I feel that Inscription has been abandoned by the market. In this wave of small-coin market, Inscription has the least increase and the most severe decline. Even the leading $ORDI and $SATS are no exception. $RATS has even fallen below the low point in August.
In the case of unoptimistic market liquidity, the market will continue to differentiate, and the strong will always be strong. So I am not very confident about the subsequent performance of Inscription.
Inscription can be allocated in small quantities, but it is not suitable for heavy positions.
It’s crazy! Will Bitcoin continue to fall? Where will it bottom out? Where are the opportunities for a 100-fold increase after a big drop? I figured it out!
Last night, BTC retreated sharply, breaking the 30-day moving average of 98.7k and temporarily reaching around 96k. It turns out that a paper tiger is also a tiger. For reasons related to the macro situation, friends who follow my recent articles and join the internal group should be clear:
One is the panic caused by Google's Willow quantum computer some time ago.
Second, the Federal Reserve gave negative expectations for future interest rate cuts in the early hours of yesterday. The next 1-2 weeks will be the stage for digesting this news.
Bitcoin drops to 95,700, how low will it fall? Where is the bottom?
If we look at the K-line, we will find that BTC has been trading sideways at a high level for 35 days. And the bottom is getting higher and higher. Although it broke through 100,000 and fell to around 90,500 on December 5, the subsequent declines were stable above 94,000 until the black swan appeared at the Federal Reserve meeting. There is also an expectation that the United States will include BTC in its strategic reserves.
The market is constantly changing, so KOLs’ opinions are also constantly changing. Don’t think that if you were optimistic last month but pessimistic this month, you are not firm and are just a fence-sitter.
When did ETH become strong? I feel that it started with the last few large liquidations of ETH. The bulls basically surrendered, so on November 21, I felt that ETH would become stronger.
ORDI has a similar logic. The bulls in the market have almost been liquidated and surrendered. It may be easier to go later.
However, ETH is a copycat and a public chain. Its fundamentals are much better than ORDI, so it cannot be directly compared.
If you have the ability, try to play with new coins, which will make money much faster. Anyway, I firmly believe that the big cake ecosystem will definitely not be absent. It is okay to configure some, and there is no need to configure only this track.
Now Bitcoin has fallen to around 97,000. Don't panic, because this decline is mainly caused by news, so it may fluctuate around 100,000 in the short term. If you think the price is right, you can try to buy some spot in batches, and buy until around 80,000, but don't touch the contract!
$BNB also fell, but it rebounded quite quickly now. In the short term, it may fluctuate around 700. If you play spot grid quantification, you should be able to make some money. Ethereum $ETH is a bit miserable. It fell more than Bitcoin, and there was no strength to rebound. The funding rate also dropped a lot. If it falls again, it may be weak for a while. As for Dogecoin $Doge, everyone knows that it is just a decoration if Ma doesn't shout, but no one knows when Ma will shout.
In general, I think Bitcoin will still go up and down at a high level after this adjustment, and the bull market is not over yet. But there may be some risks in the next few days, and the real opportunity may not come until mid-to-late January. Therefore, it is safer to buy some spot goods now, and don’t touch the contracts, it’s too scary!