Important information in the cryptocurrency circle within 24 hours:
1. Russia says it is using Bitcoin to evade sanctions.
2. BlackRock IBIT's pre-market trading volume today reached US$68 million, 42% of which were active buy orders.
3. Yesterday, GBTC had a net outflow of US$24.2 million and ETH had a net inflow of US$6 million;
4. 1.69 trillion BONKs have been destroyed, equivalent to approximately US$52.28 million;
5. BlackRock doubles down on IBIT through its Global Allocation Fund;
6. Bitwise has submitted an application for Bitcoin Standard ETF to the US SEC;
7. Wintermute: Companies following MicroStrategy's example and adding Bitcoin to their balance sheets may become a trend by 2025.
Major cryptocurrency events on December 27
Gate.io acquires all issued shares of Japanese service provider Coin Master and changes its name to Gate Japan to consolidate its position in Japan.
In the face of MiCA regulations, Tether is likely to be delisted from European exchanges by the end of 2024. Under the Trump administration, the focus may shift to the crypto-friendly United States. In the face of MiCA regulations, Tether is likely to be delisted from European exchanges by the end of 2024. Under the Trump administration, the focus may shift to the crypto-friendly United States.
Data from the FedWatch tool show that the market generally expects the Fed to pause rate cuts in January 2024 and maintain the current interest rate range of 4.25%-4.5%. This expectation reflects the resilience of the US economy and labor market. The market believes that the Fed will not cut interest rates further, which helps reduce market concerns about asset price fluctuations that may be caused by rate cuts.
French authorities are actively combating a surge in financial fraud. As of January 1, 2022, the AMF and ACPR blacklisted nearly 5,000 unauthorized “market participants” and blocked around 350 websites.
French law enforcement has also seized more than €645 million in criminal assets since 2020, including €268 million in 2024 alone. In addition, agencies are carrying out fraud prevention activities to protect potential victims.
Destroy 5 billion US dollars!#BGBwill destroy 800 million (40% of the total) for the first time, with a total value of more than 5 billion US dollars! ! ! It will be announced after completion in the near future. After that, 20% of the exchange and wallet income will be used to repurchase BGB in the market every quarter and transferred to the black hole address for destruction.
Mainstream coin analysis
Bitcoin is moving back and forth at the 4-hour level, and may continue to fluctuate widely around $95,000 in the next few days. In the short term, the support around $92,000 is very critical. If this support level falls below, it may take a longer time to adjust. At present, the short-term trend tends to be mainly oscillating.
The buying of Bitcoin ETFs has begun to recover. The continuous net outflow of FBTC, ARKB, BITB, and BTC, four indicative Bitcoin spot ETFs, since December 17 has finally ended, and large net inflows began to appear yesterday. The Bitcoin market is expected to pick up (FBTC and ARKB had net inflows of 254 million and 187 million respectively.)
The last time Ethereum was oversold on a daily basis was in early September, when the price started a unilateral upward trend after two months of fluctuations (about 60 candles). Now, Ethereum is approaching the EMA100 or EMA200 moving average support again. If the oversold signal is superimposed, it may be a good buying opportunity for spot.
Bitcoin:
2024.12.27 Bitcoin (BTC) latest market analysis
The current price of Bitcoin is 96,400, and it is 8 pm Beijing time.
Judging from the current BTC four-hour trend, the market has entered a volatile pattern.
The key support level for the day is focused around 95,000, around 200 points above and below, which plays a vital defensive role in the current market trend.
If the price unfortunately falls below this key support line during intraday trading, then the market will most likely start a downward journey again, and is expected to drop to the 92800-92000 point range, forming a pin trend.
In the four-hour level line, the recovery strength is limited, and it has been proceeding around the repair rhythm. There is no sign of rebound, so it has fallen weakly. It has broken down in the short term, but it has not directly broken through. Instead, it is proceeding in a slowly downward pattern. In terms of intraday thinking, we just need to maintain a high altitude.
The focus of the upper resistance level remains in the 97500-98500 range. When the market can successfully break through and stand firmly above 100000-102000 points, it is expected to trigger a new round of high-speed market.
The upper pressure within the day is 96500-97500
Support below 93000-92000
Ethereum:
2024.12.27 Ethereum (ETH) evening latest market analysis reference
The current price of Ethereum is 3395, and it is 8 pm Beijing time.
ETH's market trend was relatively stable yesterday, with no obvious spikes, and the lowest point fluctuated around 3,300.
Based on this, today's intraday trading can regard 3320-3270 as the support basis, so as to observe the momentum and amplitude of its rebound.
The primary range of concern is 3470-3530. If the ETH price can successfully break through the key point of 3600 on the daily level, then the subsequent market will have the momentum to hit the important key position of 3800.
The market has successfully broken through and stabilized above 3800 points. The entire market may have an opportunity to start again, and the altcoin market will most likely follow suit.
The upper pressure within the day is 3400-3450
Support below: 3220-3170
Altcoins:
In terms of altcoins, the prices have been mixed, and platform coins have performed well. The surge in BGB has directly driven the prices of GT and CKB. However, the price of BGB is obviously manipulated, and the FDV (full pull value) is seriously overestimated. Therefore, it is not advisable to continue to chase the rise at this time, but to observe and find the right time to short.
Platform coins such as BGB, BWB, GT, OKB, and OKT have all risen, but HTX, the platform coin of the three major exchanges, has not risen. The current price of HTX is close to 0.0000023. Considering that the profit and loss ratio may not be too bad, it can be properly arranged.
In addition, Justin Sun’s “full family bucket” combination (TRX, HTX, SUN, JST, BTT, WIN, NFT, BAN) is still worth paying attention to!
Can we play with altcoins at this stage? Why do they fall when we buy them and rise when we sell them?
At this stage, you can certainly do altcoin trading, but you must master the rhythm. Position, time, and position are all indispensable.
1. The core value of Shanzhai
For most traders, the main goal of altcoins is to profit from a strong one-sided market and then convert the profits into more Bitcoin. Therefore, the trading logic must revolve around this goal.
2. The position of opening a position is critical
It is very important to choose a point with a high profit-loss ratio within a large time window to open a position. Only by entering the market at the right time can you maximize your profits.
3. The time dimension requires flexibility
You can't expect to find the perfect buying position at once, and the market is unpredictable. The most reliable strategy is to build positions in batches and gradually intervene
4. Position management
Most of the funds should be concentrated on the leading currencies in the market to ensure reliable returns. A small amount of funds can be used to gamble on those unpopular currencies with higher risks (lottery coins).
In summary, altcoin trading requires rhythmic operations, good timing and position management in order to profit from market fluctuations.
In fact, if the market conditions were better, I would choose to continue holding on. However, now all coins have plummeted a lot, and AAVE is about to hit this year’s high again. I feel that the overall environment is a bit bad, and I want to wait for a pullback.
1) Market trends
BTC fell sharply, and altcoins fell across the board, all losing their gains in December.
The US stock market is currently expecting a 38 basis point rate cut next year, which means there is a 50% chance that the Fed will make a second 25 basis point rate cut next year.
2) Market hot spots:
1. Platform coins bgb and ftt have soared. bgb and wallet bwb merged, and the market value entered the top 20. Compensation for ftx will be in January. However, historically, platform currencies have pulled the market, and the market is more likely to plummet in the future.
2. BN new coins rebound, me, vana, the, velo, move, penguin, etc. Before a new launchpool comes out, it usually pulls up the previous new coins to warm up the market.
3. Mira, a dog on the chain, has soared. The project has been retweeted by bio and ai16z. It is the Chinese version of Waterdrop Fund for medical treatment. The recipient is an entrepreneur. Hippo on the eth chain has soared. A Thai hippopotamus has been adopted by Vitalik. The meme would has soared 100 times in the past two months. Musk mentioned it in the early days.
I am planning to ambush a project that will skyrocket in the short term. It will be no problem for it to double in price. Friends who are interested but have no direction can like and leave a message 168 and I will share it for free.
