Another indicator of altcoin strength - in comparison of charts for BTC and ETH. While #BTC, according to our indicator, cannot return to a stable uptrend on the hourly timeframe, #ETH has been in it since yesterday and is working towards its targets. Above is a dense accumulation up to the psychological level of $4,000.
At the same time, the #ETH price is currently about where the BTC price was at the end of October. That is - before breaking into a new impulsive growth. Were we wrong to congratulate you on November 25 on the start of the #ETH bull run? Since then, the price has increased from $3,352 to the current $3,809, a maximum since June of this year.
For #ETH, the period from March to October was much more challenging; it was not a range but a full correction of 48% from the high in March to the low on August 5.
In recent days, the price has broken the descending trend line from the high of March 12. BUT the price now shows a potential high on the daily timeframe. Therefore, most likely, the breakout is not true yet, and the price will once again drop below the trend line. But not for long and not too deeply. Accordingly, a local correction is also likely in the altcoin market as a whole.
We are still eagerly waiting for signals to transition to a stable uptrend on the 2-day, 3-day, and weekly timeframes on the #ETH to #BTC chart. After that, the most interesting part will begin in the altcoin market.
$ETH

In just half an hour - a speech by the head of the US Federal Reserve, Powell, is expected, and increased market volatility is likely. However, let me reiterate, it is not guaranteed because this is not a speech following the interest rate decision.
What have Fed members said in recent days about the prospects for a rate cut on December 18? Their speeches are distinctly 'dovish':
- Williams (a member with 'dovish' rhetoric and a voting right): The Fed should continue to lower the interest rate. The pace of reductions depends on macro data.
- Waller (a permanent member, closer to 'hawkish' rhetoric and with a voting right): I am more inclined toward a Fed rate cut in December than a pause.
- Daly (with 'dovish' rhetoric and a voting right): We may lower the Fed rate in December. The necessity of a rate cut is not being discussed, only the pace is in question.
So far, everything points to a reduction happening. According to #CMEGroup, let’s remind, the market assesses the likelihood of a rate cut at the December meeting at 74%.

Friends, it's time to withdraw the income from the third Trust Wallet Launchpool. It was held for the token #WOD. A utility token for the MMORPG World of Dypians, which combines gaming mechanics with DeFi, NFT, and artificial intelligence technologies.
To summarize, after a week of risk-free staking, we have received 430.14 tokens. The asset is currently trading on three tier-1 exchanges, Binance is not on the list yet, with a rate of $0.144. So at the current rate, this amounts to $61.9. Considering the volume of staking #TWT, this is, of course, very little.
BUT:
1) We still will not sell TWT in the foreseeable future, so why let it sit idle?
2) We do not intend to sell all assets received within the Trust Wallet Launchpool until we assess a peak moment for these assets. We have set alerts for #SUNDOG and #WOD - potential highs on the weekly and monthly time frames. As a reminder, we missed the first launchpool.
HOW TO WITHDRAW YOUR WOD? Much simpler than it was with SUNDOG. INSTRUCTION:
1. In the 'Earnings' tab under 'Reward Tracker', claim your reward WOD by clicking the 'Claim' button.
2. Click 'Confirm', paying a small fee in BNB. That's it, the tokens are in your wallet.

Donald Trump wanted to appoint pro-cryptocurrency Paul Atkins as the new head of the SEC, but he refused. The news about Trump's plans was reported by Unchained Crypto. And about Atkins' refusal - #Coindesk.
Paul Atkins is known for his 'crypto-friendly' stance. He is a former SEC commissioner under George Bush and has actively supported the crypto industry since 2017 as co-chair of the Token Alliance at the Digital Chamber of Commerce. He also advised companies on digital finance issues through his firm Potomak Global Partners.
A convenient and positive figure for the market. But, apparently, with different plans for life. The vacancy for the chair that Gary Gensler is supposed to vacate on January 20 remains open. It's worth marking the date in the calendar. There could be euphoria in the market around it.
The very fact that Trump is willing to appoint someone like Atkins as the head of the SEC is positive. It looks like a step towards fulfilling his campaign promises. With plans to make the USA a 'global center' for crypto innovations, to create clear and understandable rules for the industry. And not to continue the 'witch hunt' with joyful 'reports' from the regulator about the amounts of fines from market players.

The bullish sentiment of cryptocurrency market players persists in South Korea, despite the state of war.
According to #Lookonchain, there have been only 163 million #USDT transferred to one of the top exchanges, #Upbit, by #whales. Analysts suggest this is for bottom buying:
"... Many whales are moving large volumes of $USDT to #Upbit, likely aiming to take advantage of buying opportunities at the bottom.
Within 1 hour after the announcement of the 'state of war', over 163 million $USDT flowed into #Upbit."
Meanwhile, on the global market, the price of #BTC has come to test a local descending trendline from yesterday's high. If it fails to break through, the price may fall again below the 50 EMA on the four-hour timeframe and the level of $95,665 - we could see at least an impressive continuation of the decline. However, the current four-hour candle (with half an hour until closure) looks rather bullish and overall breaks the descending candle structure on this timeframe.
"Chops" in the range continue.
$BTC

The U.S. labor market is once again proving stronger than forecasts. The number of job openings in the JOLTS labor market (October) is 7.744 million, compared to a forecast of 7.510 million and a previous figure of 7.372 million. At least there will be less talk in the market about recession risks. However, such data opens up the possibility for the U.S. Federal Reserve to slow down the pace of interest rate cuts.
Current expectations for the U.S. Federal Reserve meeting on December 18 from #CMEGroup:
- 26% - there will be a pause (on November 26 it was 36.9%).
- 74% - there will be a decrease of 0.25 percentage points (on November 26 it was 63.1%).
- 0 - there will be a decrease of 0.5 percentage points.
The expressed trend since November 26 has shown a decrease in the probability of a pause. Let's see how today's data will influence this.
The price of #BTC is not reacting to this data yet, "in its own wave" after the news from South Korea. The price was actively bought back after testing the significant level of $93,610 and the downward trend line since November 25. It turned around through the "Dragon" on the 5-minute timeframe. The price is already around $96,000. The important resistance pool at the significant level of $95,665 and the EMA 50 on the four-hour timeframe is still in effect.
$BTC

In half an hour - important macro data from the US for the crypto market. The number of open vacancies in the JOLTS labor market (October).

The data is important for the US Federal Reserve interest rate and the risks of a recession. The forecast includes growth from 7.443 million to 7.510 million.
For the crypto market, it is optimal to see data slightly below the forecast or, at worst, within the forecast. A strong labor market is not an argument that will speed up the reduction of the interest rate. And a too weak labor market can again raise fears of a recession.
We are waiting for the data. Release at 17:00 Kyiv time / 18:00 Moscow time / 20:00 Astana time.

BTC failed to consolidate above the EMA 50 of the four-hour TF and the volume level of $95,665.
This TF remains key for the assessment. In general, the situation is within the framework of the reviews of the last days. And within the framework of the expectation of a range after active growth.
Support (and targets for correction) for volume levels are still the same:
- $94,199,
- $93,610,
- $92,226,
- $91,766,
- $91,306,
- $90,563,
- $89,365,
- $87,684,
- $84,737.
The level of $91,306 remains an extremely important support. If it is broken, the probability of working out the subsequent ones increases many times over. All or, at least, most of them.
Yesterday in our chat they wrote - considering that the price of#BTCis still repeating in miniature the movement of March-October, we are expecting the same scenario:
- decreasing highs and lows,
- a dump at the moment on some kind of "mini-"August 5", FUD-reason.
We are expecting a potential low on the 12-hour or daily TF from our Strong signal indicator. In the first case, the low in this decline can be set on December 4-5. In the second - December 9-11. We are expecting the second option, but there is nowhere to delay - Santa Claus rally is on the doorstep and there is no reason to believe that it will not happen.
There is no point in talking about the scenario of an early end of the correction until the price according to our indicator has returned to a stable uptrend on the hourly TF.
$BTC