Investing.com - US inflation data was released a short while ago, revealing that inflation is rising again, supporting the concerns of the US Federal Reserve and its slow approach to reducing US interest rates.

The headline annual CPI for December 2024 grew by 2.9% as expected compared to 2.7% in November 2024 data. On a monthly basis, it grew by 0.4% as expected. This is a significant and expected increase.

By analyzing the attached image, I will focus on identifying the#btcgeneral market trend and support and resistance points based on the existing data:
1. General market trend:
Current trend: The market appears to be in a correction phase after a strong rally.
Moving Averages (EMA):
MOTHER(7): 95,498.14.
MOTHER(25): 96,155.44.
EMA(99): 88,223.13.
The current price of 96,839.85 is close to the EMA(25), indicating an attempt to hold above important support levels, but additional momentum is needed to continue the upward trend.

By initial analysis of the attached image showing WLD/USDT market data on Binance:

1. General market trend:

The current trend is bearish after a failed attempt to break higher levels (high at $4.19).

Moving averages (EMA 7, 25, 99) indicate a weakening uptrend as prices move below the nearest averages, confirming the downside.

By analyzing the image, we notice the following:

1. Market Trend: The price appears to be trending upward after a series of bullish and bearish bounces. The moving averages (EMA) indicate that the current trend is bullish, especially after the price broke the 7, 25, and 99 period averages, which is a positive indicator of a strong bullish trend.

2. Support points:

The first point of support can be identified at the level of 65,823.75, which is the lower level close to the current price where the price has previously consolidated.

Bitcoin price dropped at the end of the US session, and Bitcoin is now trading at $69,838.3, down -2.79% in the last 24 hours. The market cap is now $1.39 trillion according to Investing data, and Bitcoin remains the most dominant with a market share of 58.9%, followed by Ethereum with a market share of 13.2%. It is worth noting that based on today’s closing price, Bitcoin is down +2.70% in the last seven days, and the most popular altcoin, Ethereum, is down -0.45% in the last seven days.

Elliott Wave Analysis is based on dividing the price movement into upward and downward waves, which helps in predicting future trends. Based on the previous image, we will try to make an assumption about Elliott Waves, but it must be noted that applying Elliott Waves requires a clear view of the price movement over a long period to analyze it more accurately.

Based on the attached image showing the BCH/USDT analysis, here are some key points in the technical analysis:
1. Current market trend:
The general trend seems to be in a corrective phase with some attempts to rise, as the price appears at the 382.8 USDT level, and it seems to be fluctuating near the resistance levels.
RSI indicators indicate relative momentum, reaching levels of around 70, indicating a possible overbought situation that may lead to a correction or a calming down in the upward trend.

According to Cointelegraph, the altcoin market has been trending lower since the 2024 bull run hit a snag in March. However, several key indicators suggest that the recent recovery could signal a major move forward, crypto analysts have noted.
Technically, the altcoin market setup looks strong, holding above the uptrend line that has supported TOTAL2 — the cumulative market cap of all cryptocurrencies except Bitcoin (BTC) — since the 2017 bull run. Independent crypto analyst Mags highlighted in an Oct. 26 post on X that the altcoin market cap is currently testing the long-term trend line support that has held strong for the past eight years. A retest of the multi-year support line is a bullish indicator, suggesting that the downtrend is easing, and that increased buying at the current level could push altcoin prices higher. Mags added that with Bitcoin also breaking out, the market appears poised for a major move higher.

Solana Achieves Record Network-Wide Revenue
Artificial Intelligence Summary
According to Cointelegraph, the layer-one blockchain Solana has once again achieved record network revenue, following its all-time high on October 22. Data from Blockworks Research indicates that on October 23, Solana generated nearly $8.7 million in economic value from network activity, up from less than $8 million the day before. This figure includes all revenue sources, including base fees, priority fees, and tips, among others.

Investing.com - International Monetary Fund Managing Director Kristalina Georgieva said on Thursday she was ready to adjust any program depending on circumstances, pointing to the agreement signed with Egypt.
In a briefing at the annual meetings of the International Monetary Fund and the World Bank, Georgieva announced that she would visit Egypt within the next 10 days to see the situation there. She said: “We are ready to make any necessary adjustments to the programs to suit the situation, but we cannot do our job properly if we abandon what needs to be done because that will make the cost higher.”