The situation for altcoins is not optimistic. Most altcoins show no signs of stabilizing when looking at the daily and three-day charts; instead, it seems they will need to dip further. Therefore, entering the market to 'catch the bottom' at this time is clearly unwise! Let's take a look at the situation of the king of altcoins, Ethereum. Currently, ETH is supported at the middle Bollinger Band on the daily chart! However, this support is not guaranteed to hold, as it has already entered oversold territory on a larger scale! Last night, I thought we could expect another push to break 4200, but when I woke up this morning, the structure was destroyed by Bitcoin's drop, and that thought has been dismissed for the time being. Therefore, I can only wait for this wave of ETH's daily downtrend to play out before I can continue to be bullish. This includes some other altcoins, which frankly have been performing very poorly. So, in reality, I haven't traded altcoins in the last two to three days, and I suggest my friends to temporarily stay in cash and observe, waiting for the return of the bulls!
#btc This morning, the BTC whale launched another surprise attack, creating a historic new high of 108366 and quickly dumping to crash, triggering the main downtrend of the 4️⃣h, causing continuous declines throughout the day, and dragging down various altcoins of Ethereum! BTC hit a low of 103066 in the afternoon; I believe this position is a valid support because there is strong support below (purple area in the image)! Therefore, it is very likely that this main downtrend of 4️⃣h has temporarily released! Pay attention to the upper resistance level 1️⃣105101 and resistance level 2️⃣105728!
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Earn $1000 - $5000 for free with Binance Hodler Airdrop - PENGU and Simon's Cat. Learn more now.
Binance has just launched a new HODLer Airdrop program, introducing two unique projects: Simon’s Cat (CAT) và Pudgy Penguins (PENGU). This program aims to reward BNB holders by distributing free tokens from these potential projects.
Binance Hodler Airdrop - PENGU & Simon's Cat Introduction to Simon’s Cat (CAT) Simon’s Cat is an NFT project inspired by the globally renowned animated series of the same name, combining traditional storytelling with blockchain technology to deliver a unique digital experience.
The types of traders in the trading market are diverse; some investors prefer to chase varieties with significant price fluctuations, constantly changing trading varieties. As a result, they often miss out on small market movements and larger trends, leading to potential losses. Therefore, it is advisable for investors to maintain a focused attitude in this regard. We should learn from wolves. Establishing our own trading system is the way out. In terms of the current trading market, a pre-market trading plan is also very important. New traders may ask, what is a trading plan? It is essentially a comprehensive operational guideline established before trading. It mainly includes market analysis, determination of trading targets, capital management, target points, and setting stop-loss levels, among others.
Based on the established plan, traders can operate with a basis during trading, relatively smoothly, and will not be thrown into chaos when market conditions change.
The Secrets of the Fluctuation Patterns of Bitcoin during Christmas Holidays!
Historical data shows that in the years following halving (such as 2016 and 2020), Bitcoin often displays strong upward momentum during the Christmas period, especially on December 24.
Sentiment is generally positive during the holidays, particularly in a bull market, making price increases the norm.
Looking ahead to 2024, as another year following halving, Bitcoin is expected to continue its upward trend during the Christmas period, with price volatility likely to increase around December 24.
Weekly return rate analysis also indicates that Bitcoin prices often see significant growth during the 51st and 52nd weeks, with market sentiment and capital inflows jointly driving price increases.
Optimistic expectations and year-end capital reallocation are key factors driving Bitcoin's rise during the Christmas period.
On Christmas 2024, Bitcoin may once again showcase remarkable price increases, so stay tuned!
Hongjie will not lead fans to explode their accounts, nor will she blindly open positions. It's all about seeking steady victories, so hurry up and join in! #BTC再创新高 #PENGU开盘 #币安Alpha #USUAL现货开盘预测 #加密用户突破1800万 Pay attention today: pengu xrp pepe sol vnan doge sui ltc
Recent dynamics and prospects of the crypto market💹
In the world of cryptocurrency, market dynamics are changing rapidly, and investors need to be vigilant and accurately grasp all kinds of information.
Recently, the flow of funds in the US ETF market has attracted widespread attention. Yesterday, the Bitcoin ETF had a net inflow of US$637 million, and the Ethereum spot ETF also had a net inflow of US$51.1 million. Such a large-scale influx of funds has undoubtedly injected strong momentum and confidence into the market. Since the beginning of December, more than 400,000 ETH have flowed out of exchanges, and the holdings of whale wallets have reached a record high. This series of phenomena has made many investors full of expectations for the future of Ethereum, hoping that Ethereum can soar.
However, there are also some unstable factors in the market. The abnormal movement of the Mentougou wallet, 1,619 Bitcoins were transferred, which forced bulls to be cautious, and it became a top priority to do a good job of position risk control. Another US state will launch "Bitcoin Strategic Reserve" legislation this week. In addition, Bitcoin has been on an overall upward trend during the Christmas season over the past decade, with an average increase of 1.3%. These news support Bitcoin's market position to a certain extent.
At the same time, some altcoins are facing difficulties. Take SOL as an example. It seems to have been abandoned by the market recently, with severe selling pressure and continuous selling by institutions. Its performance is even worse than LTC. SUI tokens will also be unlocked on January 1, which may have an impact on their market price. In addition, MicroStrategy is expected to be included in the S&P 500 in June 2025. This event may have far-reaching significance for the integration of cryptocurrency and traditional financial markets.
When facing such a complex market, investors should fully understand all kinds of information. Especially in leveraged trading, it is necessary to be aware of the risks of betting against the project party, because they may know the investor's bottom card, making it difficult to win. Therefore, for contract trading, try to choose mainstream currencies such as Bitcoin and Ethereum that are widely speculated in the world, because their market is huge, there are many bets, and the possibility of being manipulated is relatively small, so as to reduce trading risks and move forward steadily in the wave of cryptocurrency. #加密市场盘整 #加密用户突破1800万 #市场全线看牛? #圣诞行情预测
Wallet addresses that frequently interact with the #PENGU开盘 ETH chain and SOL chain, or have made an early profit, can check if there are Pengu airdrops, around 20,000 or so, similar to the intensity of the airdrop by $OP at that time. So, although making money can be exhausting, it's generally not a loss, unless, like me, you have hundreds of addresses at once, which can easily be remembered or excluded. Due to the sunshine, $PENGU starts to experience selling pressure, so for such airdrop projects, there is a high likelihood of a wash in the early stages. Whether it can rise later depends entirely on the community and applications!
News Section: 1. Wormhole collaborates with Nuffle Labs to extend the EigenLayer re-staking feature beyond the Ethereum ecosystem; 2. The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 95.4%; 3. BlackRock releases a 3-minute Bitcoin educational video; 4. Coinbase: wBTC delisted due to unacceptable risks brought by Justin Sun; 5. Former TradFi trader receives nearly $1 million in Meme coin PTARDIO and donates it to charity; 6. All three major U.S. stock indexes close lower, with the Dow Jones experiencing its longest losing streak in nearly half a century; 7. U.S. Senate Banking Committee candidate chairman: Cryptocurrency is the world's 'next miracle'; 8. Since the beginning of 2023, BTC-EUR market share has surpassed BTC-JPY for the first time; 9. Bank of America survey: Influenced by factors like Trump's second term, investor sentiment in December is super optimistic; 10. Stacks: sBTC has been launched on the Stacks mainnet; 11. Ripple officially launches stablecoin RLUSD; 12. Crypto-native travel platform Travala will support bookings using Stacks' sBTC and STX; 13. On December 17, U.S. Bitcoin ETF saw a net inflow of 4,790 BTC, and Ethereum ETF saw a net inflow of 12,347 ETH; 14. Circle: Cross-chain transfer protocol has launched on Sui, now supporting USDC transfers across 9 blockchains; 15. Omni Network launches Omni Core mainnet; 16. L2 network Fuel airdrop goes live, with a total supply of 1 billion FUEL; 17. Royal Bank of Canada: The latest dot plot from the Federal Reserve suggests only two interest rate cuts in 2025; #18. TON Foundation launches a DeFi incentive program with a scale of 100,000 TON 19. Binance wallet launches Binance Alpha, enhancing pre-listing transparency and focusing on potential projects; 20. Bitcoin network mining difficulty increases by 4.43% to 108.52T, reaching a new high. This is the sixth consecutive increase in mining difficulty and the 26th adjustment this year. Cloverpool data shows that in just this year, the total mining difficulty of the Bitcoin network has risen by 40%. #币圈资讯 #PENGU开盘 #BTC再创新高
Earn $1000 - $5000 for free with Binance Hodler Airdrop - PENGU and Simon's Cat. Learn more now.
Binance has just launched a new HODLer Airdrop program, introducing two unique projects: Simon’s Cat (CAT) và Pudgy Penguins (PENGU). This program aims to reward BNB holders by distributing free tokens from these potential projects.
Binance Hodler Airdrop - PENGU & Simon's Cat Introduction to Simon’s Cat (CAT) Simon’s Cat is an NFT project inspired by the globally renowned animated series of the same name, combining traditional storytelling with blockchain technology to deliver a unique digital experience.
Recent dynamics and prospects of the crypto market💹
In the world of cryptocurrency, market dynamics are changing rapidly, and investors need to be vigilant and accurately grasp all kinds of information.
Recently, the flow of funds in the US ETF market has attracted widespread attention. Yesterday, the Bitcoin ETF had a net inflow of US$637 million, and the Ethereum spot ETF also had a net inflow of US$51.1 million. Such a large-scale influx of funds has undoubtedly injected strong momentum and confidence into the market. Since the beginning of December, more than 400,000 ETH have flowed out of exchanges, and the holdings of whale wallets have reached a record high. This series of phenomena has made many investors full of expectations for the future of Ethereum, hoping that Ethereum can soar.
However, there are also some unstable factors in the market. The abnormal movement of the Mentougou wallet, 1,619 Bitcoins were transferred, which forced bulls to be cautious, and it became a top priority to do a good job of position risk control. Another US state will launch "Bitcoin Strategic Reserve" legislation this week. In addition, Bitcoin has been on an overall upward trend during the Christmas season over the past decade, with an average increase of 1.3%. These news support Bitcoin's market position to a certain extent.
At the same time, some altcoins are facing difficulties. Take SOL as an example. It seems to have been abandoned by the market recently, with severe selling pressure and continuous selling by institutions. Its performance is even worse than LTC. SUI tokens will also be unlocked on January 1, which may have an impact on their market price. In addition, MicroStrategy is expected to be included in the S&P 500 in June 2025. This event may have far-reaching significance for the integration of cryptocurrency and traditional financial markets.
When facing such a complex market, investors should fully understand all kinds of information. Especially in leveraged trading, it is necessary to be aware of the risks of betting against the project party, because they may know the investor's bottom card, making it difficult to win. Therefore, for contract trading, try to choose mainstream currencies such as Bitcoin and Ethereum that are widely speculated in the world, because their market is huge, there are many bets, and the possibility of being manipulated is relatively small, so as to reduce trading risks and move forward steadily in the wave of cryptocurrency. #加密市场盘整 #加密用户突破1800万 #市场全线看牛? #圣诞行情预测
《Continued Volatility — Is the Market Going Up or Down?》
Bitcoin has once again created a historical new high today. Earlier yesterday, altcoins saw some rebound, and Tether also observed that this rebound is not sustainable. The market still needs to fluctuate, reminiscent of the previous scenario after Bitcoin broke through its new high, and now it needs to be reviewed again.
Ethereum, after breaking through the resistance around 3950, has also started heading towards the resistance near 4100. After a brief touch of the resistance, it began to pull back, which scared altcoins back to some extent.
Before the volatile market ends, we still need to patiently wait and must not blindly go all in or give up. There is no need to be anxious; during times of no market activity, take a good rest and do some meaningful things. Just patiently wait for the spring to arrive.
Both Bitcoin and Ethereum have broken through. The U.S. Bitcoin ETF and Ethereum ETF, as well as Hong Kong's ETF, are all seeing net inflows of funds. One must have certain patience, endure the fluctuations, and not falter before dawn.
The layout of the institutions is something us retail investors cannot imagine. Only those who don't understand will frequently short at 70,000, 80,000, 90,000, and 100,000. No matter how you short, you'll end up losing. Just wait and see.
$DOGE is building a relay form, if this form breaks down, the resistance when coming back will be a bit large.
The secondary analysis in the square has been a bit lax these days; there is really too much to write. Starting tomorrow, I will make it up for everyone.
I will send some Dogecoin in the comments section, get some rest early, in such a market, it’s a bit difficult to trade altcoins; I've seen a few.
Everyone should rest early; resting early will help in trading cryptocurrencies smoothly. Good night!