12.08 The weekend is about to end, will MEME continue to rotate funds?
Positive news for crypto is coming out frequently, and funds may soon flow into MEME.
Whales used 2.262 million USDC on-chain to buy 9.136 billion PEPE at a price of 0.00002476 USD. Funds may reappear in the secondary market, and the heat may start to rotate again?
Currently, the market risk is relatively high, but MEME funds have not diminished, nor have they decreased, so the market may not be as bad as imagined. Of course, it’s not that good either. Overall, altcoins are showing capital outflows, but MEME's funds are surging again. My advice is to control risks and play for profits.
BTC Daily - 4-hour Market Analysis
The technical aspect of Bitcoin has opened up space overall, and for the time being, funds are still choosing Bitcoin's support for upward growth. The major resistance is around 102,000, with support at around 97,500. It’s a back-and-forth tussle over the weekend. The overall weekly increase has not yet stopped, but the space has opened up. Focus on the two major levels of support and resistance, while the bulls should look at the smaller levels of MEME, and Ethereum has reached expectations.
ETH Altcoin Small-Level Analysis
Ethereum has reached the target near 4,000, even exceeding the expected 4,000 and reaching around 4,100. Now the market needs to repair the level of increase. This round of weekly pressure has reached, with a pullback target near the support of 3,890, and upward pressure around 4,025.
The short-level increase has been achieved, with subsequent pressure being relatively large. Overall, look at the support around 3,900 and 3,950, with upward pressure around 4,030-4,010 where you can continue to attempt to stop-loss short.
As the year-end approaches, everyone should pay attention to risks and be mindful of leaving funds for the New Year. Both contracts and leverage should consider risk control capabilities. #Meme齐涨 #美财政部称BTC“数字黄金” #加密沙皇 $BTC