Donald Trump promises "something great with cryptocurrency." He made this comment to Jim Cramer from CNBC during the opening of trading on the New York Stock Exchange, where the elected president was present.
Quote:
"We will do something great with cryptocurrency. We don’t need China or anyone else - others are accepting this, and we want to be at the forefront. We will also be ahead in the AI direction.
To do this, we must at least double the amount of electricity produced. These are specific industries. We must adopt regulations, do everything without harming the environment, and ensure that everything runs smoothly."
It seems that besides buying cryptoassets, another smart idea is to purchase shares of American companies in the nuclear energy sector. Especially those that offer breakthrough solutions.

New data on US producer inflation - negative for the crypto market. They turned out to be significantly higher than expected, which lays the groundwork for expectations of consumer inflation in December being above the current forecast.
Details:
- Producer Price Index (PPI) (y/y) (November) - 3.0% against a forecast of 2.6% and a previous value of 2.6%.
- Core Producer Price Index (PPI) (y/y) (November) - 3.4% against a forecast of 3.2% and a previous value of 3.4%.
At the same time, labor market data indicates rather its weakness. The number of initial claims for unemployment benefits - 242 thousand against a forecast of 221 thousand and a previous value of 225 thousand.
Unemployment + persistent inflation = if not a recession, then definitely nothing good. The reaction is appropriate.
The #BTC rate reacted with a 1% correction, altcoins are reacting more painfully - long position liquidations are happening in the market, but they are not widespread either.
According to #CMEGroup, expectations for a 0.25 percentage point cut in the US Federal Reserve's interest rate on December 18 have decreased from 96.2% to 94.7% since yesterday. In short, still high.
$BTC

The current BTC cycle confirms that its volatility is decreasing.
CEO of #CryptoQuant Ki Yoon Joo showed the difference in the depth of corrections of #BTC in three different cycles - in 2017, 2020, and 2024. The conclusion is that the depth of drawdowns decreases with each cycle.
The key reason is the increase in market capitalization, largely due to institutional purchases. Therefore, relying on the depth of drawdowns in past cycles during corrections in this cycle often means missing the reversal and the return to growth. Many felt this on the drawdown of December 9th, expecting the price to go below $90,000.
Another chart from #CryptoQuant demonstrates a more global trend - a steady decline in the BTC price volatility index since 2015. This is part of a trend where #BTC, gaining liquidity, increasingly becomes a means of preserving capital rather than a speculative asset. This is the path to the status of "digital gold" (which giving to Bitcoin now is still not entirely deserved). The asset is likely to eventually reach this status, allowing future speculation on its price only with a significant leverage.
$BTC

The BTC course has returned to a stable uptrend on the 4-hour timeframe. Signals of a potential high on the hourly and two-hour timeframes are not materializing.
Thus, all key timeframes according to our indicator are showing long structures again. Even the second target of the downtrend on the 4-hour timeframe was not reached, which indicates the strength of buyers.
The basic targets of the signal on the four-hour timeframe: $101,758, $103,525, $105,291 (the last one is a claim for a new ATH). Regarding volume levels - it is important to break the resistance at $101,903. The reaction of sellers from this level is a scenario for a return to the range between $98,433 and $101,903. A break of $101,903 and especially $102,641 - indicates a high probability of a quick move to a new ATH.
On the daily timeframe, the current candle breaks the structure to the upside. It is important to see how it closes.
The key question - altcoins. They are currently lagging behind #BTC. BTC dominance today has returned to a stable downtrend on the hourly timeframe, remaining in an uptrend on the 2-hour and 4-hour timeframes. HOWEVER, judging by the reaction of dominance on the 200 EMA on these timeframes, its decline should continue.
$BTC

The BTC price is once again above $100,000. All three basic targets of a sustainable uptrend on the hourly timeframe have been reached.
The price has settled above the 50 EMA on the four-hour timeframe, confirmed by the body of the four-hour candle, and has continued its strong rise. Yesterday's signal of a sustainable uptrend on the 15-minute timeframe turned out to be true, we pointed it out just in time. From the price of $96,705, the increase has already reached 4%.
The price has also transitioned into a sustainable uptrend on the two-hour timeframe, with basic targets of $101,139 and $102,439. There is also a confirmation above the Potential Break level of a sustainable downtrend on the four-hour timeframe. This is quite unexpected, as sellers did not push through even the second target. A very strong signal for continued growth would be a return to a sustainable uptrend on the four-hour timeframe.
The current picture is full of positive signals, at least indicating a return to the range of $98,433-$101,903. On the hourly and two-hour timeframes, the asset shows signals of a local high, so it is reasonable to expect a price pullback - a move towards the lower boundary of the specified range. Exactly within the framework of a retest of the moving average. Otherwise, as long as the price remains above the 50 EMA on the four-hour timeframe, we are waiting for a new ATH.
$BTC

The probability of a decrease in the US Federal Reserve's interest rate on December 18 is already 96.2%. It is about a decrease of 0.25 percentage points. Such data is provided by #CMEGroup. For example, on November 14, it was only 62.4%.
Let us remind you that this data from #CMEGroup is not some kind of survey. The FedWatch Tool from CMEGroup analyzes futures on Fed rates to predict the probabilities of changes in the federal funds target rate at future Fed meetings. This means that the forecasts are based on market expectations and contract prices for futures.
Overall, there are currently no signs to suggest that the Fed's decision will go against the consensus forecast from market players. And this decision is already being factored into the prices of risky assets.

Tether Company "printed" another 1 billion USDT. According to #WhaleAlert, as always on the Ethereum blockchain.
Dynamics of USDT "printing" for 2024:
- December 2024 - already 5 billion #USDT.
- November 2024 - 13 billion #USDT.
- October 2024 - 1 billion #USDT.
- September 2024 - 1 billion #USDT.
- August 2024 - 3 billion #USDT.
- July 2024 - 1 billion #USDT.
- June 2024 - 1 billion #USDT.
- May 2024 - 2 billion #USDT.
- April 2024 - 5 billion #USDT.
- March 2024 - 6 billion #USDT.
- February 2024 - 2 billion #USDT.
- January 2024 - 5 billion #USDT.
Total +45 billion #USDT for 2024.
Last time they "printed" their stablecoin on December 6, and immediately 2 billion. Judging by the new batch and the dynamics of market capitalization growth - they entered the market in 5 days. The market capitalization of #USDT on December 6 was $136.6 billion, now it is $138.6 billion. Liquidity is being pumped into the market. And specifically - into the Ethereum ecosystem.

Consumer inflation in the USA - within forecasts. That is, a slight increase in the Index and a pause in the Core Index.
- Core Consumer Price Index (CPI) (y/y) (November) - 3.3% with a forecast of 3.3% and a previous value of 3.3%.
- Consumer Price Index (CPI) (y/y) (November) - 2.7% with a forecast of 2.7% and a previous value of 2.6%.
The #BTC rate is currently responding with continued growth, approaching $99,000.
$BTC

An additionally important point regarding SOL - weekly timeframe. In line with today's review (https://www.binance.com/ru-UA/square/post/17419602266689).
The decline this week signals a potential high. Additional. The weekly candle is not yet closed. Therefore, it is important to wait for the signal to be confirmed.
In a stable uptrend of the asset on the weekly timeframe (which, according to our indicator, has been ongoing since mid-October 2023 and the price of $29.05, almost 8x at the peak), these are not the first such signals. And each time after them - there is either at least a minimal range or a correction. So, the realization of part or even all of the basic correction targets on the daily timeframe has additional arguments.
$SOL

The bulls have ensured the transition of BTC into a stable uptrend on the hourly timeframe. Key targets: $98,563, $99,461, $100,359. Additional list - up to $112,514.
So far - more confirmations that yesterday's early reversal signals were not in vain. BUT it is still important to see the closing of the four-hour candle above the EMA 50 of the four-hour timeframe. There are 40 minutes until the candle closes. If the price closes above - the chance of breaking the signal of a stable downtrend on the four-hour timeframe increases. For this, it needs to close above $99,708.
The volume range of $97,553-$98,433 is currently important resistance. A breakout above it will open the possibility of returning to the range of $98,433-$101,903. $BTC

The BTC course continues to rise after yesterday's reversal signals.
And although locally all this growth is in the format of a 'Bearish Wedge' - important signals of buyer strength continue to appear:
- The current four-hour candle has broken the 50 EMA of the four-hour timeframe. There is a shift to an upward candle structure. There are still more than 3 hours until the current candle closes, and it is important to see a close above this moving average. Otherwise, it will be the fourth failed breakout attempt. So far, the price has retested the volume level of $98,433 after the breakout and has pulled back to the EMA.
- The price has transitioned into a stable uptrend on the 30-minute timeframe, with yet-to-be-fulfilled base targets: $98,829, $99,421. And there are many more additional targets, as seen in the separate screenshot. The trend remains globally upward, despite the correction.
In short, everything depends again on the 50 EMA of the four-hour timeframe.
A number of altcoins have perked up on this movement. But if there is no consolidation above the 50 EMA of the four-hour timeframe for #BTC, it will return to the range of $94,166 - $97,553. In which altcoins may again show more significant declines, including a renewal of the low from December 9 for a number of them.
$BTC

At the same time, an important signal of BTC dominance - a transition to a stable downtrend on the 30-minute timeframe. The list of primary and secondary targets - you can see in the screenshot. Thank you for the vigilance of our indicator subscriber. We had an alert set up too, but we missed it.
There is an attempt to break the EMA 50 on the 30-minute timeframe for dominance, it is important to stay below.
This is part of the trend of declining dominance, which we noted earlier in the afternoon. When there was a downtrend on the 15-minute timeframe.
For altcoins, rebounds are visible, and this instills optimism. BUT a stable downtrend on the 4-hour timeframe for BTC hints that it would be wise to wait for additional confirmations. That is a stable uptrend in BTC price on the 30-minute timeframe and to see a stable downtrend in BTC dominance on the hourly timeframe.
$BTC