$ADA Price Forecast: Looking for Recovery

Currently trading at $0.89, Cardano (#ADA ) has experienced a significant 7% drop over the past 24 hours and is now hovering above the key support at $0.87. The ability to sustain above this level will be critical to maintaining bullish sentiment in the near term.

If the market shows signs of rebound, #ADA is expected to break through the $1.00 mark it previously fell below. If this resistance level manages to turn into support, it will signal a resurgence for Cardano, pushing the price further towards $1.23 and potentially attracting more investors to participate.

However, if the price fails to hold the $0.87 support, it could lead to further downside. A break below this level could see #ADA drop to $0.77, thereby invalidating the bullish sentiment and the market could enter a bearish phase.

In-depth analysis of Bitcoin liquidation chart:

When the price of Bitcoin breaks through *107617*, shorts will face liquidation pressure of up to *4.123 billion*; if the price falls below *86180*, longs may face a liquidation crisis of *1.561 billion*.

For shorts, *98429*, *101491*, *104554* and *107617* are key warning points. If the price approaches or breaks through these levels, the risk of short liquidation will increase greatly, which may cause the short force to weaken rapidly, thus breaking the current long-short game balance.

Longs should pay special attention to these important points: *86180*, *89242*, *92305* and *95367*. If the price falls to these areas, long positions face serious risks, which may weaken the upward momentum and even lead to a reversal of market trends.

Investors should plan ahead based on these key price levels and flexibly respond to market changes to optimize risk management and seize opportunities. #BTC $BTC

December 20th Afternoon Market Analysis:

Yitai Trend:
In the morning, the Yitai price started to gradually decline from around 3465, touching a low of around 3370, then rebounding to around 3465, currently priced at around 3413.

Bitcoin Trend:
Bitcoin fell from around 98400 in the morning to around 95900, then rebounded to around 97700, currently at around 97000.

Technical Analysis:

Four-Hour Structure:
The Bollinger Bands are opening downwards, and the Bitcoin's peak is gradually shrinking and touching the lower band, the KDJ indicator is gently moving downwards, and the MACD indicator is opening downwards.

One-Hour Structure:
The Bollinger Bands are opening downwards, the Bitcoin's peak continues to shrink, the KDJ indicator is gradually opening upwards, and the MACD indicator is showing a convergence with upward signs.

Afternoon Trading Suggestions:

Bitcoin:
If Bitcoin rebounds to the range of 98400-98800, look towards the support near 96500-96200. If it breaks out and rebounds, pay attention to the resistance near 100800.

Yitai:
If Yitai rebounds to the range of 3500-3525, look towards the support near 3400-3380. If it breaks through this area, pay attention to around 3621.

Trading Strategy:
The afternoon market leans towards a range-bound fluctuation, with Bitcoin's fluctuation range at 98400-95800, and Yitai's fluctuation range at 3470-3350. It is recommended to short at high positions and long at low positions, with strict defense.

#BTC #ETH

Significant Changes in the Market 5 Years Ago:

1. Disconnection between #BTC and #ETH :
In the past, the rise of BTC usually drove ETH to follow closely, which in turn triggered a collective surge in altcoins. However, currently, ETH seems to have chosen to 'lie flat', no longer actively passing the baton like before, and pushing the overall market higher.

2. Weakening Sector Rotation Effect:
In previous bull markets, sectors such as public chains, NFTs, and AI often exhibited a rotating upward trend, with high market activity. However, now, this phenomenon of sector rotation has disappeared, and the overall market performance is lackluster, with only a few concept coins occasionally showing performance, lacking overall market vitality.

#SOL行情分析

Recent trend:
After the rebound, the price continued to decline and has touched the support level of the upper edge of the 155-185 range, and rebounded at the hourly level here. The current neckline support comes from the high point area in May and July.

Subsequent forecast:
- Short-term rebound: The price is expected to rebound to around the daily MA30, but a direct V-shaped reversal is unlikely.
- Second decline: After the rebound, there may be a daily level retracement, and then the price may fluctuate and consolidate to form a relay platform.

Key position reference:
- Pressure level: 233.6, 245, 270, 283, 300
- Support level: 184.5, 169.3, 158.8, 152.3

Overview of Important Overnight Developments on December 20

21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8

1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.

[Hot search list: USUAL popularity rises, 24H up 49.29%]

The popularity ranking shows that USUAL's popularity is the same as yesterday, ranking second, and the popularity ranking is as follows:

① USUAL ($1.22, 49.29%)
② LTC ($108.60, -10.01%)
③ ETH ($3673.74, -5.01%)
④ SOL ($208.64, -3.78%)
⑤ PNUT ($0.8146, -19.35%)

#USUAL🔥🔥🔥 #LTC📈 #ETH🔥🔥🔥🔥 $SOL #PNUT

#doge⚡ Is it time to buy the bottom? $ETH Rebound is imminent, and the secrets of cryptocurrency investment are revealed!

Investment opportunity analysis:
During this market crash, Dogecoin has shown great investment opportunities. From 0.48 to 0.34, there has been a 30% correction, and it is currently in the 0.618 golden section support range (0.33 - 0.35). Considering that Musk is about to enter the White House in a month, it is expected that $DOGE will rise with an 80% probability, which is worth paying attention to.

Market shock feedback:
Powell's hawkish remarks triggered a sharp market shock, resulting in Ethereum long orders being stopped. Market sentiment fluctuates greatly, and investors need to remain vigilant.

Ethereum operation strategy:
Ethereum currently has strong buy order support in the 3420 to 3520 range, so it can enter the market at a low point, and it is recommended to use 2x leverage for bottom buying. It is expected that the price will not fall to 1800, the risk is low and there is the potential to double the return. For long-term investors, you can hold firmly, especially before the Prague upgrade in March 2024, the market may usher in a large rebound. #ETH🔥🔥🔥🔥

Experience and suggestions:
Although Ethereum has a short-term correction, the amplitude is limited and the risk is not large. Remind new investors to make a reasonable layout according to their own capital scale to avoid the huge risk of zeroing due to the pursuit of high leverage. Reasonable risk control and steady investment are the keys to success.

Bitcoin Liquidation Risk and Trading Strategy Analysis

I. Liquidation Risk Point Analysis
According to liquidation data analysis, Bitcoin longs face significant liquidation risk at the levels between 98599 and 100570, as well as at 103907, 96966, and 96797. Shorts should pay attention to key levels in the range of 10147 to 103275, 103835, and 104600, as these areas may become pressure points for liquidation. Both bulls and bears need to closely monitor these price ranges, as they could have a significant impact on market trends.

II. Current Price and Market Trends
Currently, Bitcoin's price fluctuates between 101000 and 101800, with overall market performance being relatively stagnant. The market's focus is on the key resistance area between 101800 and 128000. Combining market dynamics, technical indicators, and capital flow, the current trend leans towards bullish, indicating that market upward momentum remains strong and bulls are in control.

III. Short Selling Trading Strategy Recommendations
For investors planning to short, it is recommended to take light positions for short-term shorts at appropriate times. However, considering the market's bullish inclination, risk management is crucial. It is essential to set stop-loss points to mitigate potential losses in case the price moves contrary to expectations. In the current bullish-dominated market environment, disciplined operations are key to avoid blind aggression. Flexibly adjust strategies according to real-time market changes to ensure each trade remains within a controllable risk range, thereby safeguarding asset security and achieving steady appreciation.

Spot Target: $DEGO Current Price: 3.21

Take Profit Target: Target price is 4.

Altcoin Explosion Prospects:
It is expected that the altcoin market will迎来 a round of explosion, it is recommended to gradually build positions, layout in advance, and prepare to capture potential gains. #dego

Club Target Review: $ETH Short Position

Although the Federal Reserve cut interest rates as expected, Powell's hawkish remarks led to a sharp decline in the market, resulting in a waterfall-like downward trend.

However, the club believes that the current decline will not last, and the market is likely to experience a rebound, which is why we led everyone to participate in a short-term long position on ETH.

ETH Operation Review:
We set our entry point around 3580 and added positions near 3550. The market dipped to a low of 3540, perfectly hitting our add-on point, and then the market rebounded as expected, reaching a high of 3665, yielding over 100 points in profit.

In this downward market, although it is filled with crises, it also contains opportunities. Especially in contract operations, only with proper planning of entry, adding positions, stop-loss, and take-profit points can one seize profit opportunities amidst volatility. #ETH🔥🔥🔥🔥

In the past 24 hours: #加密市场动态 :

- $BTC fell below $100,000, triggering a collapse across altcoins.
- $ETH 's price plummeted, and the exchange rate sharply declined. Analysts point out that market sentiment for ETH has dropped to its lowest point this year, and historical data suggests this could be a signal for a market reversal.
- Altcoins generally plummeted, with most sectors seeing declines of over 10%.
- US stocks closed: Nasdaq fell 3.5%, and Dow Jones recorded its longest single-day consecutive decline in 50 years.

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#热点新闻 :

- #coinbase has been approved for delisting WBTC, and the judge rejected BiT Global's appeal.
- The Federal Reserve cut interest rates by 25 basis points, and Powell stated that the Federal Reserve is not allowed to hold Bitcoin.
- The High Court of Delhi, India, ordered a new investigation into the cryptocurrency exchange WazirX.
- Sonic Labs announced the official launch of the Sonic mainnet.
- #特朗普 family crypto project WLFI has reached a partnership with Ethena Labs.
- MicroStrategy co-founder stated that a new Bitcoin purchase plan will be implemented if needed.
- #Kraken 's Layer2 network Ink has successfully launched the mainnet.
- Binance Alpha announced the first batch of projects: KOMA, Cheems, APX, ai16z, and AIXBT; second batch of projects: CKP, GEAR, SD, SYRUP, and Fartcoin.

Current Status of Altcoins:
Currently, altcoins generally have a low market value, poor liquidity, and are easily manipulated by large funds, leading to significant price fluctuations, especially when market sentiment is influenced, which can greatly affect investor psychology.

Market Sentiment:
The current market is in a bear state, and investors generally exhibit post-traumatic stress reactions. Overly optimistic sentiment in the market should be approached with caution, as excessive enthusiasm may lead to risk accumulation.

Future Predictions:
It is expected that quality altcoins will experience a rebound in the first quarter of next year, and potential projects may show higher gains, warranting close attention.

#山寨币热点