The logic behind the rise of Bitcoin was clearly explained by the Hunter yesterday in the article below, and he also reminded the brothers at the first moment before the rise in the first post yesterday. For those who were quick and attentive, just look at how many points you could have gained! Now, back to the market, BTC has already broken through the key resistance level of 298454 given by the Hunter last night, reaching a maximum of 99500, and currently returning to the strong pressure zone marked in purple for consolidation! Since BTC has broken through the purple strong pressure zone, a pullback to this strong pressure zone can also serve as a strong support zone. Therefore, as long as it stabilizes in this purple area, BTC is highly likely to continue testing the resistance level upwards! The next resistance level will be the key resistance level of 100380 given by the Hunter yesterday!
Although the market rebounded late, it arrived as expected. It is uncomfortable to be trapped, but it is even more uncomfortable to sell at a low price. The market rebounded again. This is the most uncomfortable operation. In the past period of time, no matter how difficult the market was, Taco did not let friends sell a chip, but added some cheap chips
From the trend, the big cake has just broken through the resistance near 95600. It can rise better if it steps back to this position. The resistance near 99600 above still exists. The overall trend is also turning upward
Taco vaguely remembers that RWA ignited the market in the last bull market. The outstanding performance of ZEN and LPT in the past two days can be said to have rekindled the passion of the entire market. With the new mine of BNB, the market sentiment is igniting
Now just wait patiently for Taco to update the position of reducing positions. After this round of reducing positions, we need to make adjustments to the ambush currencies. The times make heroes. Go with the trend and ambush the next hot spot. Let's move forward with Taco
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Family, only Da Bing has no funds flowing in, and since the high point of 108,000, funds have been flowing out. Now the opportunities are waiting for a time correction, and counterfeit funds are already starting to change hands. Funds are slowly beginning to accumulate. At this time, we must also seize the opportunity. If it dares to drop, we should gradually invest our funds.
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Bitcoin is trying to break through the descending channel and is approaching resistance levels. The recent resistance levels are 97,000, 99,000, and 102,000. Those looking to go long should not chase at these levels; it's better to wait for a pullback.
I. Analysis of the Macroeconomic Market Environment 1. Impact of Traditional Financial Markets During the Christmas period, major financial markets in Europe and America are usually closed or have low trading volumes. This can lead to a relative slowdown in global capital flow and a decrease in market trading activity. For the cryptocurrency market, on one hand, this may reduce the inflow or outflow impact from traditional financial markets, but on the other hand, it may limit price fluctuations in the crypto market due to a lack of external new capital support, resulting in overall market performance characterized by consolidation or slight fluctuations. At the same time, market sentiment may be relatively optimistic and relaxed around Christmas, and investors' risk appetites may change. Some investors may transfer funds from the higher-risk cryptocurrency market to relatively stable assets for hedging or allocation, which could exert some downward pressure on cryptocurrency prices.
Merry Christmas everyone! The holiday market is looking good. Originally, we expected a 1000-point pullback for $BTC , but it surprised us by bouncing back directly.
Then the altcoins also experienced a surge.
The gloom from the previous pullback seems to have been washed away.
Hope today really marks the beginning of the altcoin season.
🚀 Love in the deep winter, the rise is dizzying.
🎄 Wishing everyone a Merry Christmas Eve + Christmas!
🔥 Let's drop a little red envelope in the comments.
Ripple USD (RLUSD): A New Star in Stablecoin Listings
Bullish has officially listed Ripple USD (RLUSD), marking another milestone for the stablecoin’s rapid adoption. RLUSD, an ERC-20 token, now boasts 7 trading pairs, including BTC/RLUSD and ETH/RLUSD. While gaining traction globally, RLUSD remains unavailable in certain regions like the UK without meeting specific criteria.
With regulation by NYDFS and a growing market cap of $4 million, RLUSD is setting a strong foundation in the crypto market. Already featured on exchanges like Bitso and Independent Reserve, RLUSD is proving to be a promising player.
What’s next for Ripple’s stablecoin? Stay tuned to witness its growth!
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🚨🐋 BTC price at risk of a drop to $20,000: 5 things you need to know about Bitcoin this week🔮
Bitcoin traders are quickly adjusting their short-term outlook on the BTC price as support fails and the BTC/USD price heads even lower than $100,000.
Bitcoin starts the Christmas week on a bearish crossover, as BTC price support weakens and forecasters see the possibility of a significant drop.
A "bearish engulfing" on weekly time frames has traders nervous about the short-term outlook for BTC/USD.
Targets for a possible deeper correction include a return to former all-time highs of around $74,000.
U.S. labor data leads a quiet macro week, but markets are still reeling from last week's aggressive Fed meeting.
Those looking for long-term exposure in BTC have their first buying opportunity in two months, according to data from a dedicated indicator.
🚨$80,000 appears as a short-term target for the BTC price🚨
The holiday periods bring new challenges for cryptocurrency market participants due to extended "off-hours" trading periods.
The absence of the liquidity profile typically available on weekdays can exacerbate upward or downward movements.
Taking a broad view of the liquidity landscape on exchanges, trader and commentator Mark Cullen is now observing two key levels to watch in 2025. One will be painful for the bulls.
Many brothers do not understand why the high-level market is obviously in a bearish trend, yet Bitcoin has risen again. So, Brother Lie observes that many short sellers in the square are about to incur heavy losses! In fact, using Brother Lie's five-wave analysis method, any bearish trend, when encountering strong support and completing four waves, as long as the fourth wave does not break the lowest point of the first wave, will lead to a fifth wave, which is a strong rebound of the main upward wave. This strong rebound can test higher level resistance! Therefore, you see, as long as the main upward wave is pulled up, it is very difficult for it to come down immediately; it will only charge upward like a wild horse, crashing towards the upper resistance! So, short sellers must not go against the main upward wave; otherwise, if they don't manage their positions well, they will incur greater losses and may even face liquidation! Remember!