In the last 24 hours, a total of 156,558 people worldwide have been liquidated, with a total liquidation amount of $540 million! Bitcoin and Ethereum experienced a drastic market movement yesterday, as tomorrow is the 19th, when news about Japan's interest rate hike will be released. After the US stock market opens, it also plummeted significantly, indicating that funds are seeking safety.

The next key time node is the year-end options settlement on the 26th. As long as Japan's interest rate hike path meets expectations, it won't drop below in December, and then we will focus on the options market around the 26th. Therefore, near 84 and 85, it can still be considered to buy the dip based on the wave bottom.

BTC

Yesterday, bulls were trying to test the market, pushing it up to 90,000 before it immediately dropped. There is still floating supply causing trouble, proving that the market's chips have not yet unified.

BTC closed this morning with a long upper shadow and an entity bearish candle, forming a bearish engulfing pattern compared to yesterday. The MACD bearish energy is beginning to expand, and both KDJ and RSI are fluctuating downward. It can be viewed as bearish, but it is still not recommended to directly chase shorts, so it should still be regarded as a fluctuation.

1) The entire fluctuation range is divided into three parts, with 89000 as the central axis. Above it is strong, and below it is weak.

2) As long as it does not break the critical support level of 83700, there is no need to be pessimistic. Currently at the 4-hour support level, do not directly chase shorts. Support and resistance situation.

4-hour support level: 83700-85500, 4-hour resistance level: 89000, 94000

ETH

ETH violently rose to 3030 and then plunged to a new low of 2788. The 1-hour level has shown two consecutive narrow fluctuations → quick rise → engulfing candle, a very typical false breakout path.

The main approach is to focus on shorting during the day. Pay attention to the resistance levels at 2960 and 3030, relying on yesterday's high point. Continue to treat today as a short opportunity, while the short-term targets look at 2880, 2800, and 2700. The weekly target remains at 2600, with the swing target unchanged at 2500.

Today's lowest point was created after last night's pull-up and sell-off, so do not chase shorts during the day; tonight may continue to push higher before probing lower points.


Recently, the market has been choppy, alternating between long and short positions. When the price rises, do not chase; a rapid rise will definitely lead to a swift decline, usually a sign of selling at a high. Any pullback tends to be a trap for more buying. Unless a significant drop occurs, avoid 'bottom fishing'; maintaining position is always more important than entry!


RIVER


Yesterday's RIVER was truly spectacular. While others focused on bullish and bearish trends, we profited from both! Long on the left, short on the right, harvesting fluctuations throughout the day! RIVER/USDT long position daily profit +252% and 144%, short position simultaneously caught +65%!


20x-40x flexible switching; whether the market goes up or down, it's your opportunity! Stay tuned with Miao Jie!


SOL


The resistance at the short cycle level is very clear, with a downward trend line resistance + horizontal resistance zone. However, after a strong pull by bulls, it faced a sell-off, creating a false breakout rhythm. It can only be said that the bulls want to achieve something, but the overall trend is still controlled by bears!


SOL has dropped to the daily support level, but this support has already been consumed, so there is no need to rely on this position to go long; the win rate is average. However, for shorting, one can only wait for a break below the daily support to participate.

TAKE


Currently, there are no signs of selling; accumulation continues, with no large outflows. I don't know how it will move next. The key positions for market makers are 0.35 and 0.325. Whether going long or short, use the key stop-loss levels of 0.35 and 0.325, and also consider the lower level of 0.281.

HYPE

HYPE has broken below the lower boundary and is starting to accelerate downward. Yesterday's destruction benefit only supported it slightly before being swallowed. The bearish strength is very strong, and it still has not accelerated. The target is near 20 to observe the reaction.

VOOI

The total supply of tokens is 1 billion, with an initial circulation of 244 million (24.42%). The pre-market price is $0.11, and the pool price is $0.1, corresponding to a circulating market value of $24 million and an FDV of $100 million.

The project is good, focusing on a multi-chain abstraction aggregator perpetual contract with no GAS fees. Since its launch, the total trading volume is approximately $27 billion, with a daily trading volume of about $200 million.

Although there is investment from YZi Labs, the selling pressure from pre-sales and airdrops remains. The pre-market/pool price is consistent with the pre-sale price. At the opening, it is advisable to first observe the trend and see if the pre-sale breaks below par before considering whether to enter.