BTC price remains at $94,000, while altcoins lead the market with impressive gains
#BTC $BTC #山寨币热点 Bitcoin’s price continues to weaken, falling below $93,000 yesterday before recovering to around $94,000. In contrast, many altcoins have performed much more strongly over the past 24 hours, with the likes of ETH, XRP, and BNB in particular posting significant gains. BTC price stagnates at $94,000 A week ago, the major cryptocurrency was still steadily breaking through the $100,000 mark, even setting a new all-time high of $108,000. However, the situation began to reverse later in the day, especially after the last FOMC meeting on Wednesday.
Since November 14, $PNUT has been oscillating downwards along the indicated channel. Considering that market liquidity remains weak and Bitcoin has not yet completed a full correction, the decline of $PNUT may still be incomplete.
It is expected that $$PNUT will rebound to the middle line of the channel and may then fall back to the lower edge of the channel. From the overall trend, this correction is expected to consume the gains made since the announcement of the coin listing on Binance on November 13.
The target correction range is roughly between 0.4-0.5.
Year-End Review Series丨A Visual Recap of the 2024 Legendary Wealth Creation #MEME Coin
In 2024, the #MEME coin accounted for 31% of the crypto narrative, becoming an undeniable market force.
Although the idea of the '#memecoin Super Cycle' is subjective, the #MEME coin indeed gave birth to many noteworthy opportunities in 2024. Which ones did you participate in? Let's review from January to December those #MEME coins that may have been short-lived but certainly shone brightly.
As the overall market sentiment remains low, the price of HBAR is steadily approaching the cyclical high. Although bears have kept the rebound below $0.3 for some time, recent breakout signals indicate that HBAR may be on the verge of a significant rally, with a new all-time high (ATH) possibly just around the corner.
Currently, HBAR has successfully broken through the descending wedge pattern in the short term and has consistently shown bullish candlestick patterns. From a technical perspective, the RSI continues to rise, indicating strengthening momentum, while the Ichimoku cloud has just turned bullish, providing further support for the price. If this healthy upward momentum continues, HBAR is expected to reclaim the key level of $0.38 and may further break through the $0.4 barrier before the end of the year.
#加密市场 #BTC #VIRTUAL In the past 24 hours, trading activity has increased, reflected in the rise of the total cryptocurrency market capitalization (TOTAL). However, Bitcoin continues its downward trend, dropping another 1% during the review period. Virtual Protocol (VIRTUAL) has become the stock with the largest increase in the market. With the economic activity warming up, total output rebounds With continuous growth in trading activity, the total cryptocurrency market capitalization increased by $45 billion in the past 24 hours. The current total market capitalization is $3.24 trillion, representing a key support baseline. Sustained buying pressure at this level will strengthen the support baseline and push the total stock price towards $3.64 trillion, which is the only obstacle between its current value and its historical high of $3.73 trillion.
Recently, ETH prices have experienced increased volatility. After a pullback late at night, it successfully broke through the crucial resistance level of 3320 on the four-hour chart and stabilized. Currently, it is in a rebound trend at the four-hour level, and technically, 3370 provides strong support below. As long as this support is not effectively broken, the rebound pattern of ETH is expected to continue.
Key resistance levels to focus on above are: 3470, 3555, and 3610. These points may hinder price increases. Meanwhile, the closing price on the one-hour chart is worth noting. If it falls below 3366 again, it may indicate a weakening of the short-term trend.
Support levels below are concentrated at: 3335, 3300, and 3210. These positions may provide solid support during the #ETH pullback. Investors need to flexibly adjust their trading strategies based on actual trends.
#the The current price is around 1.29. You can consider opening a long position at a low multiple (15× is recommended). If it falls back to 1.22, add another lot. The stop loss is set below 1.15, and the target is set at 1.6.
Pay attention to risk control and adjust positions reasonably!
From the current #市场动态 , the performance of #山寨币 is gradually breaking free from the dominant influence of Bitcoin. This phenomenon is related not only to the overall market environment but can also be glimpsed from specific data.
The latest data shows that the market capitalization of #比特币 accounts for 56.3%, #以太坊 accounts for 12.4%, while the market capitalization of other altcoins has reached 31.4%. Although Bitcoin still holds a dominant position, the share of Ethereum and other altcoins has clearly increased, indicating that market funds are gradually shifting towards these non-Bitcoin assets.
This change explains the recent independent performance of altcoins—they have shown strong upward momentum without fully following Bitcoin's pace. Although this may appear to be a short-term independent performance at present, if the trend of capital inflow continues, the altcoin market may usher in a true #牛市 outbreak period.
Bitcoin Price in Danger: Could a Big Drop Be Next?
$BTC #BTC Bitcoin price extended its decline and fell below the $95,000 area. BTC is showing bearish signs and it could fall sharply below the $92,000 level. Bitcoin fell below the $95,000 area and started to decline again. The price is trading below $94,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC/USD pair (data source from Kraken). If the pair stays above the $92,000 support area, it could start a fresh increase. Bitcoin price revisits support level
Many people are concerned about the market trends during the Christmas period. From the news perspective, it can be analyzed from the following aspects:
Last Thursday and Friday, institutions continued to sell off, causing the market to plummet significantly after the interest rate cut decision at 3 AM on Thursday. Although the market has seen a rebound from the bottom in the past two days, it is overall in a consolidation state. Due to the large-scale selling by institutions, the market, which had risen for three months, is now shrouded in short-term bearish sentiment, with a clearly negative atmosphere. Both institutions and retail investors have a generally pessimistic outlook for the future, and prices may fluctuate within the current range, or even dip again.
From the market data, there are significant signs of buying support around $3,000 for Ethereum and around $90,000 for Bitcoin, making these two key price levels particularly important. If these support levels are maintained, there may be a chance for a short-term rebound; however, if they are lost, the market may come under further pressure.
In terms of market sentiment, although bullish sentiment still exists, bearish forces are continually increasing. Recent prices may show repeated fluctuations, with an overall trend leaning towards bearish.
In summary, there is a certain level of uncertainty in the Christmas market, and investors need to closely monitor key levels and changes in sentiment while managing risk.
1. Usual completed $10 million Series A financing; 2. The IRS claims that crypto staking should be taxed in a lawsuit; 3. BlackRock IBIT deposited 828 BTC to Coinbase 1 hour ago; 4. xAI: a16z and BlackRock participated in the company’s $6 billion financing; 5. MicroStrategy acquired 5,262 BTC for approximately $561 million; 6. Robinhood CEO: The company has discussed establishing a Bitcoin reserve internally; 7. MicroStrategy sold 1.3178 million shares last week, still has $7.08 billion worth of shares available for issuance and sale.
#USUAL Current price is 1.08, suggested to open a long position with a light position. If it retraces to 1.05, you may consider adding to the position. If the price drops below 1.007, then exit with a stop loss. Initial target is set at 1.27.
From the hourly chart perspective, #USUAL has strong support around 1.0, suitable for following up with long positions at this level. Conservative traders may also consider making a spot layout.
#加密货币 #BTC #HYPE Cryptocurrency Total Market Cap (TOTAL) and Bitcoin continued their decline today, both falling 1%. Bitcoin's weakness as it hovers below the $100,000 mark has also weighed on the altcoin market, with Hyperliquid's HYPE suffering the most significant losses. Cryptocurrency market continues to cool In the past 24 hours, the total cryptocurrency market capitalization fell by $48 billion to $3.18 trillion, successfully breaking through the key resistance level of $3.29 trillion - a key threshold for it to hit its all-time high of $3.73 trillion. Currently, $3.29 trillion has become an important resistance range. Failure to break through this level may trigger a further correction, causing the total market value to fall below $3 trillion and even reach the support area of $2.95 trillion.
The current price has fallen below the original range. It is recommended to temporarily watch in the short term. Wait for the price to return above the range before paying attention again. Once it successfully breaks back, it may rise to the 0.088 area.
Today #市场动态 : SocialFi and DeFi sectors performed outstandingly and became highlights
Today the market generally fell, and the AI sector and payment finance sector performed poorly, falling by 4.38% and 4.45% respectively.
However, the SocialFi and DeFi sectors performed relatively strongly, with smaller declines of 0.29% and 2.13% respectively, showing a certain resistance to decline.
$AAVE : Up 4.02%, becoming the leader of the sector, injecting some confidence into the market.
Despite the overall market correction, the resilience of the SocialFi and DeFi sectors has undoubtedly brought a glimmer of hope to investors.
Investment advice:
Investors are advised to pay attention to the dynamics of the SocialFi and DeFi sectors, combine market trends, reasonably adjust investment strategies, set stop-profit and stop-loss positions, and look for stable investment opportunities in fluctuations.
The current market is still in a bearish trend, but due to a previous pullback that broke the previous high, this has weakened the pressure on the bears, although the overall trend remains bearish.
The next operational strategy is to wait for a pullback to the previous high area, which is around the 0.78 position, where one can consider entering short on the left side, with the stop-loss set near the trend line. #PNUT
As Christmas approaches, the crypto market has experienced some fluctuations this week, especially after the European and American exchanges closed on Wednesday, capital outflows were more common. At the same time, Ethereum faces greater pressure of capital outflows, and market sentiment tends to be risk-averse.
This week's major events:
- Monday: MicroStrategy (#MicroStrategy ) may be included in the Nasdaq 100 Index
- Tuesday: The Central Banks of Canada and Australia release December monetary policy minutes
- Thursday: The United States announces the number of initial jobless claims for the week
- Friday: #日本央行 announces a summary of the opinions of the meeting review committee
Market Outlook:
$BTC fell below the $100,000 mark, and $ETH fell below $3,300, because the bull market has not yet adjusted significantly and funds are tight during Christmas. In addition, Trump's policy changes may bring about a deleveraging trend and increase risk aversion.
On #期权市场 , about $12 billion of options expired this week, and large investors and market makers are adjusting their positions. It is expected that the volatility during the Christmas period will be smaller, and the market focus will be on the market trend after Trump takes office at the end of January. The crypto interest rate market remained relatively stable on #Bitfinex .
BNB Stabilizes Above Support: Will the Bullish Momentum Reappear?
$BNB #BNB走势 BNB price is consolidating above the $620 support area. The price is consolidating and may break through the $675 resistance level and rise again. BNB price is struggling to stabilize above the pivot area of $700. The current price is below $680 and the 100-hour simple moving average. On the hourly chart for BNB/USD, a key bearish trend line has formed, with resistance at $675 (data source: Binance). The currency pair must stay above $640 to begin rising again in the short term. BNB price finds support