In the last 24 hours, a total of 80,316 people worldwide were liquidated, with a total liquidation amount of $223 million! The morning bulls have paused their efforts and started to quickly push back, forcing market participants to exit. The long-short battle continues fiercely, with a 1-hour level rebound lifting prices, repairing indicators, which is a good thing and does not affect holding the base position! If the 4-hour level tests the bottom twice, it will be a good opportunity to enter!
BTC
BTC experienced a long upper shadow this morning, with the bears holding an advantage in the long-short battle. After breaking 90,000 yesterday, it quickly came down, and it is more likely that there will be a retracement here. The high and low fluctuations have formed a resistance zone at 89,000-90,700, which will serve as the main resistance level for the day.
BTC is oscillating in the range of 9.07-8.79. The current high sell and low buy strategy is still effective:
1) The 4-hour support range of 83700-85400 has been tested 3 times. If it falls below here, it is likely to break. The quality support range is on the daily chart; a long position can be taken below the price of 83700.
2) Set up a short at 9.07 on the left side, defend at 9.2, target 8.92 and 8.87, with a tail position near 8.79; for low long positions, set up at 8.79, with additional purchases at 8.67 defending at 8.5, targeting 8.91 and 9.03. If 8.94 breaks, chase a long position targeting near 9.07.
ETH
ETH saw large sell orders above 3100 last night, leading to a failed breakout. ETH is now forming an M-top, with the neckline at 2970. If 2970 breaks, the ETH pullback officially begins looking down at 2936-2882. Only by returning above 3017 can ETH's continued decline be resisted.
This is a normal pullback. Focus on 2880-2950 for long opportunities. Resistance above at 3001-3032-3060; support below at 2970-2936-2883.
$67
$67 retracement of 30%, may form a wave 3 ending wedge, followed by a pullback, and then a breakout above the previous high, red arrow
$WOJAK
In the past few days, it has not fallen below 20-22M. Under the backdrop of Sol/Base cooperation—approved to list on Coinbase, WOJAK's current position is relatively strong, and it may surge soon. Some confirmation of the trend is needed now.
WOJAK has shown clear sideways oscillation in the 20-30 minute time frame. This ongoing accumulation process provides ample time windows for potential entries while effectively gathering liquidity.
$WOJAK's accumulation phase lasts longer, and once it truly breaks out, it often brings greater upward space and stronger gains.
Hakimi
Hakimi is still slowly pushing upwards in a bulldozer mode, steady as an old dog. While the BSC market is extremely exhausted, it is being attacked from both sides by Sol/Base/Coinbase—approved to list on Binance Spot. Currently, Hakimi's wedge is complete, and it will soon choose a direction for a short-term position.
Christmas is coming soon, and if there are bugs in the Chinese version, the engineers will be on holiday and no one will fix it. Therefore, the Chinese spot node may be better after the New Year, with new beginnings. Unless there are unexpected events, a pullback is expected, followed by a possible massive pump.
GUA
The AI fortune-telling project has just launched in the contract market with a market cap of 100 million, which isn't too expensive. The market makers are very actively maintaining a cost of 0.1U. Based on 26 days since Alpha's launch, the cost of maintaining the coin price in seven figures has been genuinely spent. Currently, it looks like a bottom is being built, and the stop-loss space is relatively narrow, so positioning can be considered.
MMT
MMT will rise this week. You can now directly set up a position, with a stop loss set at 0.19 below. Having dropped from a peak price of 4.4, the current market cap is around 44 million. Whether in terms of market cap or price, the depth of the pullback is already sufficient. Additionally, there are signs of a potential pump at any moment, so just get in and set the liquidation price, then wait for the explosion.
The market situation changes rapidly. Entry and exit positions should be determined in real-time. Just follow the trend after breaking! No matter how high the confidence, please strictly implement the take profit and stop-loss strategy! That's all for today! Follow me, don’t get lost!
