Today's hot topic: Musk was appointed director of the Department of Government Efficiency (D.O.G.E.)
Trump announced that Vaimy and Musk established an efficiency department named doge. No wonder doge has been flying in the past few days. After the news was announced, various doges on the chain took off, such as d.o.g.e. and so on.

CPI data will be released at 9:30 tonight. As the data is about to be released, factors such as rising interest rates and a stronger dollar facing US stocks may drive market fluctuations in the short term. We need to pay close attention to the adverse impact of CPI data on market sentiment.
A pullback in a bull market is the best opportunity to get on board
From the daily level, Bitcoin failed to break through the short-term impact of 90,000 and fell back. However, the energy did not increase during the decline, which was a decline in volume. Therefore, the room for correction is limited. At most, it will fall back to the short-term moving average, which is around 84,000. After adjusting and accumulating momentum, it will continue to impact the 90,000 mark and will definitely break through 90,000 to set a new historical high!

BTC continued to fall, hitting a low of $95,000. The market fell across the board, but $ARC and $USUAL rose against the trend, performing well. • Yesterday, the Fed cut interest rates by 0.25 percentage points, and Powell's remarks caused the market to fluctuate again - this is nothing new. • In the past few months, cryptocurrencies and stocks have risen like crazy, and it is only a matter of time before they fall back. • As the US dollar strengthens, BTC is naturally under pressure.

BTC drops to 95,700, where is the bottom? Where are the opportunities for altcoins?
Let's talk about the K-line and on-chain data first: BTC's URPD data, as shown in the figure, has strong support at 94,000 and 95,000. It can also be seen from the K-line (daily line) that although it broke through 100,000 and fell to around 90,500 on December 5, the subsequent declines have been stable above 94,000. So next it depends on market sentiment and the events that affect the negative and positive. How big is the negative sentiment to break the 94,000 position?

BTC fell to the 95,000 USD level. The mainstream new coins such as $USUAL and $MOVE showed steady trends. The AI ​​Agent framework $ARC rose against the trend. In the past 24 hours, the entire network had a liquidation of $1.028 billion, of which the liquidation amount of long orders exceeded $862 million. The market fluctuated violently. From this weekend to next week, we will wait for the rebound. It is the darkness before dawn. Keep a good attitude.

In fact, there are two main reasons for this plunge: one is that the Fed’s interest rate cut plan for next year is not strong enough, which has caused bad luck for US stocks and Bitcoin; the other is that Fed Chairman Powell said that they will not buy Bitcoin and do not want to change the law. In the past few months, cryptocurrencies and stocks have risen like crazy, and now it is only a matter of time before they fall back. The dollar has strengthened, and BTC is naturally under pressure.

The Federal Reserve is sending hawkish signals, causing market volatility.

Federal Reserve Chairman Jerome Powell explicitly stated at a press conference that while this rate cut aligns with market expectations, the future frequency and magnitude of rate cuts may be much lower than previously assumed by the market. Powell emphasized that the Fed plans to cut rates only twice in 2025 and also raised the inflation expectation for 2025 from 2.1% to 2.5%.

U.S. Federal Reserve Chairman Jerome Powell stated that central banks are not allowed to hold Bitcoin and, in the face of President Donald Trump's promise to create a strategic Bitcoin reserve, "is not seeking legal changes."

This morning, Powell stated that central banks are not allowed to hold Bitcoin and, in the face of President-elect Donald Trump's promise to create a strategic Bitcoin reserve, 'does not seek legal changes.' Coupled with the Federal Reserve's meeting to lower interest rate expectations for next year, this has led to a broad decline in the crypto market.
BTC has dropped from $105,000 after the Federal Reserve's decision, reaching a low of $99,000. Ethereum has fallen from around $4,000 to near $3,500. The altcoin market, except for a few tokens, is mostly in a downtrend.

BTC fell back in the short term after hitting a new high, approaching the 110,000 integer mark, driving the overall market correction; the popular new coin $PENGU continued to fall after opening. Capital in the United States has been buying, adding positions at high levels, and is optimistic about the future market.

--Founder of DeFiance Capital: 2025 may usher in a DeFi revival, pay attention to this sector, AVAX, Link, UNi, AAVEAfter Bitcoin breaks through 10w, the investment strategy should focus on "American currency". The closer the project is to the United States, the greater the increase will be due to the change in US policies. Especially those currencies that have been affected by negative US policies, such as XRP and BNB. This wave of growth is driven by the change in the US policy environment. The deep involvement of the Trump family and the top US VC Polychain shows the strong influence of local projects. Polychain's recent investment projects such as LINK, AAVE, ENA and ONDO represent possible investment opportunities in the future.

In the past two days, Bitcoin has continuously broken new highs, and Ethereum has also continued to rise. The overall crypto market has been steadily rising. Ethereum and Ripple have been relatively strong, while other mainstream and large copycats have generally been drained of blood. But the capital in the United States has been buying, buying, and buying, adding positions at high levels, and they are optimistic about the future market. --Cherish the opportunity of Ethereum ETH below 3800. In the short term, there is certain support at 3820 and 3750. --Btc ETF had a net inflow of US$490 million yesterday, and Ethereum ETF had a net inflow of US$140 million. --Founder of DeFiance Capital: 2025 may usher in a DeFi revival, pay attention to this sector, AVAX, Link, UNi, AAVE

The price of Bitcoin has reached 107793, setting a new high. Bitcoin is currently near a critical position, at the upper edge of the rising channel, with a high probability of breaking through; only after a breakout will the next upward space begin.

This recent rise in Bitcoin is mainly due to MicroStrategy's stock entering the NASDAQ 100 index, and their CEO Michael Saylor has announced significant purchases of Bitcoin. Based on the current BTC trend, the volatility around Thursday's interest rate meeting indicates that the lowest limit for a downward spike might be around 103385, with 102800 below as a strong support. This suggests they believe that Bitcoin at $100,000 is just the beginning, so they continue to buy heavily. This is a clear event-driven motivation, but unfortunately, this driving force may not last very long. If new FOMO sentiment does not emerge, there will likely be a demand for short-term market corrections, especially under the influence of the Federal Reserve's interest rate meeting and Christmas market trends, which may lead investors to have risk-averse sentiments and reduce market liquidity.

Yesterday, Bitcoin reached a new high again, peaking at $107,793.

This time the rise of Bitcoin is mainly due to MicroStrategy's stock entering the Nasdaq 100 index, and their CEO Michael Saylor has announced a large increase in Bitcoin holdings.
This indicates that they believe Bitcoin at $100,000 is just the beginning, so they continue to buy in large amounts.
This is a clear event-driven action, but unfortunately, this driving force may not last long. If no new FOMO sentiment arises, there will likely be a demand for short-term market corrections.
Especially under the influence of the Federal Reserve's interest rate meeting and the Christmas market, investors may have risk-averse sentiments, and market liquidity may decrease.

Over the weekend, Bitcoin primarily fluctuated upwards, showing a blood-sucking consolidation at high levels. Most mainstream trends are weaker than BTC, which is about $1500 away from its previous high, feeling like it could break new highs any minute. Indeed, this morning it broke the historical high again.
I wonder how BTC, which has already reached new highs, will respond to the positive news after the US stock market opens tonight. I hope the ETF performs well and buys in, meaning please do not dump BTC, as the sentiment remains positive.
Regardless of whether Bitcoin is experiencing a violent surge or a gradual rise, as long as Bitcoin remains strong and does not decline, it signifies good days for the overall crypto market. Opportunities in the altcoin market will emerge during Bitcoin's strong phase.

As Trump won the US election, the crypto market continues to heat up. The RWA track is heating up with the overall rise of the crypto market, attracting many giants to actively deploy. With the gradual clarification of supervision, the industry's enthusiasm for tokenization is growing. RWA is definitely the leader, the bull market continues, and the future price is worth looking forward to!
RWA has recently attracted widespread attention from the global financial community. Wall Street giants including BlackRock, Grayscale and Franklin Templeton have gradually invested funds in the RWA field, driving a strong rise in RWA tokens.

Predicting the upcoming market: --Today, MicroStrategy's stock was included in the Nasdaq 100 index. Once included in the index, it will attract massive funds. Congratulations to MicroStrategy and BTC --Generally optimistic about the Christmas market, Ethereum is expected to reach $5,000 by early next year. Over the past 10 years, cryptocurrencies have risen around Christmas in 8 of those years --The Bank of Japan may maintain interest rates at next week's meeting, no need to worry about negative news --About 2.25 million wallets bought 2.18 million BTC in the range of $94,300 to $100,250, forming significant support --Over the past 30 days, CEX has seen an outflow of 124,000 BTC, a tight supply situation will provide upward momentum, and continuous outflow is favorable --Today, another 50 million USDC has been issued; continuous issuance and buying pressure is beneficial --Everyone is saying that the altcoin season will start in a few days, pay attention to breaking new highs and coins with strong small-scale momentum.

Today, the Nasdaq 100 index will include MicroStrategy on December 23, which is a long-term benefit for the crypto industry and further boosts market sentiment.
What does the inclusion of MicroStrategy stock in the Nasdaq 100 index mean?
This means they can borrow more money to buy Bitcoin using funds from American investors.
In the future, more mainstream capital will passively purchase MSTR stocks through index funds, the capital in the crypto space is growing, which will further drive up the price of Bitcoin.
Recently, fans have been asking when will the altcoin season explode since Bitcoin has risen so much! What trading opportunities do we still have?

The recent declines were all the kind of "pin-poking and contract-exploding" wash-out market. Judging from the capital distribution chart of the contract, the main force will "explode" whichever side has the most leverage, which can basically be predicted accurately.

Through these operations, the main force is cleaning out some chips with excessive leverage and lack of confidence, preparing for the next wave of increases.
From a macro-trend perspective, we are now in the middle to late stages of a bull market. Before Trump takes office on January 20, the market is still expecting him to fulfill his election promises.
Until this consensus is broken, Bitcoin will continue to maintain its upward trend as long as there is no greater negative news.

The overall market is still oscillating around $100,000. As the BTC price rises, the overall market value is increasing again. With BTC continuously breaking new highs, it will indeed see more turnover, which is normal.
Currently, the market data is in good shape, continue to expect and maintain the status quo. Predicting the next breakout point may be the interest rate cut on the 18th, and after the cut of 25 basis points, market sentiment may be stirred again, leading to a rally.

Yesterday it was stated that Bitcoin and Ethereum spot ETF data are still seeing large net inflows, and currently, the inflow volume for Ethereum's spot ETF has also reached a new high.

Friends who are buying at the bottom and picking up low-priced chips, this wave is awesome! ! ! The brave ones will enjoy it first! !

Yesterday, the United States released the November CPI data, and the results were in line with market expectations. Both the U.S. stock market and the crypto market have ushered in a wave of rebounds. The U.S. stock market has surged, and the Nasdaq has continued to rise, breaking through 20,000 points for the first time, setting a new record high, and the cumulative increase this year has exceeded 33%. Cryptocurrencies have surged, and Bitcoin has returned to 100,000+ again. The two-day bear market has finally ended. Don't get off the bus easily in the bull market cycle. If you get off the bus, you will become fuel for the pull.
After the release of CPI data, the probability of the Federal Reserve cutting interest rates by 25 basis points in December has reached 98.6%. If the Federal Reserve cuts interest rates again this month, it will undoubtedly increase market liquidity and benefit the crypto market. $BTC returns to $100,000, the top US exchange listed squirrel $PNUT, and the platform currency $BGB continues to hit new highs

CPI is in line with expectations, the Fed will cut interest rates again this month

Both the U.S. stock market and the crypto market have seen a rebound
$BTC returned to $100,000. The market experienced a wave of leverage cleanup and then showed a more rapid rebound momentum than the last time.
At around 9 o'clock last night, the U.S. November unadjusted CPI annual rate rebounded further, rising for the second consecutive month to 2.7%, in line with market expectations and rising to a four-month high.
Yesterday, traders increased their bets on a December rate cut by the Federal Reserve, with the swap market pricing in a 96.4% chance of a rate cut this month, up from 86.1% before the data.

Google officially announced the quantum chip Willow, solving a problem that would take 10²⁵ years for a top computer in just five minutes, reigniting the quantum threat debate; Microsoft shareholders voted against the Bitcoin investment proposal; Bitcoin rebounded after falling to $94,000, leading to an overall market rebound.

Yesterday, after Bitcoin and Ethereum's sharp decline, there was a direct second exploration. Bitcoin's lowest retracement was around 94,200, and Ethereum around 3,510, with 3,500 being a very good low absorption area. For those who made profits at lower levels, or those who haven’t joined in yet, if you want to layout ETH again for next year's upgrade speculation, 3,500 is completely viable for initial positions.

Google officially announced the quantum chip Willow, which solves a problem that would take a top computer 10²⁵ years to solve in just five minutes, reigniting quantum threat discussions; Microsoft shareholders voted against a Bitcoin investment proposal; Bitcoin rebounded after falling to $94,000, with the overall market following suit.
Waiting for the US CPI data, the three major US stock indices all slightly declined.

After Bitcoin and Ethereum dipped yesterday, there was a quick rebound. Bitcoin touched a low around 94,200, while Ethereum was around 3,510.
When the market is unstable, it's advisable not to touch highly volatile altcoins or leverage high multiples. If you want to participate, stick to Ethereum, SOL, and BNB. When the market starts again, we can ride the wave and try to catch the rebound in altcoins. At this stage, focus on defense, stay alive, preserve capital, as the next waves of market movements will be relevant to you!

A significant pullback does not equal a bear market; history shows this is just a normal correction.
In the past 24 hours, $17.9 million was liquidated, long positions amounted to $1.614 billion, and short positions to $177 million, mainly due to long position liquidations.

Today's flash crash is very similar to the one on the 6th, both occurring at around 5 or 6 AM. The intention is clear—to strike at leverage while the Asian market is resting, as most people have no chance to buy at the bottom. The current market lacks a backdrop of significant liquidity, and the prerequisite for a price surge is to keep the market light and avoid excessive leverage; otherwise, it's hard to push prices up smoothly. The reason Bitcoin has not crashed is that there is no urgent need to clear leverage.