The fryer is on! A giant whale smashed the market, losing tens of millions on ASTER, and SOL was shorted with 20x leverage! Should we buy the dip or run away?
The movements of the cryptocurrency giant whale are too exciting! Late at night, a sudden big action directly turned the market upside down, and retail investors exclaimed they dare not act after watching 🚨
On December 16, news broke that a whale holding 12.43 million ASTER tokens transferred them to Binance, worth 11.67 million USD, resulting in a direct loss of over 1.36 million USD based on current prices, with ASTER's price plummeting by 9.14%. This wave of cutting losses left everyone dumbfounded!
On the other hand, SOL is also unable to escape the claws, as the whale crazily shorted with 20x leverage, causing SOL to drop from 135 USD to 123 USD last night, and it is barely holding around 126 USD now. It seems to be bouncing back, but in reality, it's incredibly weak, with the life-and-death line right in front!
Now the market is filled with question marks: Has ASTER broken its iron bottom? Will SOL drop to 100? Is this wave of whale operations a market washout or a real escape?
I advise the sisters not to act impulsively; be cautious when buying the dip, wait for clear signals before taking action, and don’t get chopped up by the main force!
The Little Girl's Cryptocurrency Avoidance Checklist | 5 Life-Saving Rules Learned from Blood and Tears 💸
The pitfalls encountered in the cryptocurrency world could circle the earth. After losing a few tens of thousands, I finally summarized these 5 ironclad rules to avoid losses. Newbie sisters can directly copy this homework and avoid 99% of the detours!
1. Don't go 'all in' with your position The maximum position for a single cryptocurrency should not exceed 10% of total funds! Stick to mainstream coins for stability, and treat altcoins as playthings. Don't put all your eggs in one basket! 2. Set stop-losses decisively, like breaking up with a bad boyfriend Set a stop-loss line of 10%-20% in advance. If it falls below, run! Last time I hesitated for 5 minutes, I was lucky to save two thousand; it was a painful lesson 😭 3. Blacklist leverage contracts Have you been tempted by high returns? Don't be foolish! My best friend played with contracts and got liquidated overnight, losing her principal entirely. Newbies shouldn't even touch it! 4. Gossip is all 'trap sister tactics' Don't trust the 'internal calls' in groups. Last time I followed and bought a worthless coin, I got stuck. Research the project thoroughly before investing; that’s the reliable approach! 5. Only use spare money to play in the cryptocurrency world Absolutely don't touch living expenses or rent! I invest with my milk tea money; fluctuations don’t affect my life, and with a stable mindset, trading won't be panicky~
💡 Finally, a heartfelt message to the sisters: There’s no easy money in the cryptocurrency world. Protecting your principal is more important than anything else. We only seek steady small profits, and that’s enough!
The Federal Reserve sounds the alarm, the non-farm report tonight will set the tone for the cryptocurrency market's New Year trend! Weak data could send the crypto market soaring, while strong data may lead to a correction, which side are you betting on? #非农报告 #比特币
The non-farm payroll report is coming tonight, and the fate of the cryptocurrency market is uncertain!
The Federal Reserve has already sounded the alarm: officials predict the unemployment rate will soar to a peak of 4.5%, and Powell personally warns of enormous pressure in the job market, with new job additions possibly falling into negative growth! The current market is stuck in a bizarre cycle of 'not hiring and not laying off,' making it increasingly difficult for young people to find employment, with over half of employers giving poor reviews on the job prospects for the class of 2026. The aging population combined with tightened immigration is limiting labor supply, and monthly job growth remains persistently sluggish.
But for the cryptocurrency market, this report is the 'life or death card' for interest rate cut expectations!
📉 If the data is weak: The expectation for a rate cut will be fueled, the dollar's liquidity will loosen, and assets like Bitcoin may soar instantly—remember the weak non-farm payroll that once drove Bitcoin to surge by 8% in a single day?
📈 If the data is strong: The dream of a rate cut may shatter instantly, the dollar will strengthen, and the crypto market will likely collectively adjust, as the recent strong non-farm payroll led to a catastrophic overnight liquidation of nearly 400,000 people still fresh in memory…
The employment risks warned by Powell clash intensely with the market's desperate expectations for easing, and tonight's non-farm payroll report will directly set the tone for the year-end market!
Just staring at the SOL/USDT 15-minute candlestick chart, it really makes me dizzy! Not long ago, it surged to a high of 135.40, and in the blink of an eye, it plummeted to a low of 123.51. This sharp drop has directly pulled the moving averages down, it’s simply a free-fall decline. I don't know how many people chased in at the high point and got deeply trapped, and how many bought at the low only to find themselves halfway up the mountain?
Now, after a lot of effort, it has managed to stabilize and is moving sideways, with the price stuck around 126.43. The moving averages are also slowly flattening and showing signs of turning, but the trading volume has never kept up. Watching this grinding sideways movement, it really is a dilemma of whether to hold or sell my SOL.
The cruelty of the crypto market is always reflected in the alternating red and green of the candlesticks. This sharp drop in SOL, some say it was driven by market sentiment, others say it was due to capital flight. What do you think? Will SOL stabilize and rebound, or will it continue to dive? Let’s discuss your views in the comments!
Today the crypto market collectively plummeted! Over 110,000 people were liquidated with 270 million, the largest single ETH contract loss was 4.85 million dollars. Are you one of those who got liquidated or did you empty your positions in advance to avoid risks? Do you think this drop will hit the bottom or will you continue to watch? Let's discuss in the comments~#币圈互动
BTC 15-minute K-line shows a rebound after hitting a short-term low at 870.11, but has not been able to maintain above the moving average and is currently in a fluctuation; in contrast, SOL remains strong around 132, the strength comparison is too obvious~ #BTC #SOL #币圈行情
SOL makes a stunning comeback! 127 low point bottom buyers are making a fortune, is the bull market flavor back?
The trend of SOL/USDT has completely exploded! It violently surged from a low of 127.73, a big bullish candlestick directly overturning the previous downtrend, currently stabilizing above 131+, and the trading volume has significantly increased. This surge is not a small affair; it is real capital bottom-hunting!
Previously, SOL had been persistently declining, wearing down countless people's patience, and many cut their losses at low levels, only to be met with a 'closing the door and beating the dog' tactic by the main force. The moving averages have instantly transformed from resistance to support, and the MACD golden cross is opening upwards, with the technical aspect completely showing a reversal pattern. The 130 mark has directly changed from a resistance level to a launching pad, with bullish momentum fully ramped up.
The market is most concerned about: is this rebound a correction from overselling, or the beginning of a new main rising wave? From the perspective of volume and trend strength, SOL has broken the previous weak pattern. If it can continue to stabilize above 130, the next step to challenge 140 or even higher is not just talk; even if there is a short-term adjustment, a strong support range has formed between 128-130, giving bulls plenty of confidence.
The cryptocurrency market has always favored the bold and left the timid starving! Do you dare to follow this stunning comeback of SOL?
Ridiculous! CZ is really going all out for He Yi, just one day before BNB went live, he said, "If it rises tenfold, I can't make an offer," directly pushing He Yi into Binance, and even predicted that BNB would rise tenfold. This vision is incredible! #区块链趣闻 #CZ #何一
Market Overview: Price $0.8303, daily drop -17.13%, bearish trend, in a downward channel, 24-hour high and low prices are $1.0538 and $0.8145 respectively, trading volume 232 million PNUT
Moving Averages: MA (7) $0.9548 and other levels constitute resistance, price is far below moving averages, strong downward. MACD: Bearish momentum increases
Trading Volume: Increases on declines, decreases at low levels
Support at $0.8145 and resistance at $0.9500
Short: If rebounds to $0.9400 - $0.9500 without breaking, can go short, take profit at $0.8500 or $0.8100, stop loss at $0.9800
Long: If falls back to $0.8150 - $0.8300 and stabilizes, can go long, take profit at $0.8800 or $0.9500, stop loss at $0.7850
Short-term or oversold rebound, if it cannot stabilize above $1.0000 in the medium term, still biased bearish.
Focus on support at $0.8145, control positions to prevent pullbacks
Current Status of Altcoins: Low market value, poor liquidity, easily manipulated, high volatility, especially influenced by market manipulators' psychology.
Market Sentiment: The current market is a bear market, exhibiting signs of post-traumatic stress disorder, cautioning against excessive euphoria in the market.
Future Prediction: High-quality altcoins are expected to rebound in the first quarter of next year, with the potential for greater increases in the future.
Christmas Crash of 2021: From December 22 to 25, 2021, Bitcoin's price plummeted as the bull market was nearing its end, during which the price of Dogecoin surged 10 times from October to December 2021.
End of 2017 Crisis: From December 25, 2017, to January 17, 2018, Bitcoin experienced significant fluctuations and corrections during the Christmas to New Year period at the end of the bull market, with prices falling from $19,800 to $6,500.
Status of Popular Cryptocurrency Projects
Pepe Coin: Replaced Dogecoin's popularity in this bull market, reaching a historical price high.
Musk-themed Puppies: Rapidly emerged based on cutting-edge innovation concepts on the Ethereum chain, and due to its similarity to the Dogecoin project, it is seen as a potential successor to Dogecoin, attracting the attention of many investors with enormous potential, warranting close attention and in-depth exploration of its development trends.
FOMC's hawkish interest rate cut raises concerns about inflation, U.S. stocks plummet by 10%.
Most mid-to-large market cap memes on CEX and the Solana chain are bleeding heavily, only small-cap on-chain assets worth a few million hold up somewhat.
It's painful, but it's also expected.
Bull markets are never smooth sailing, and most altcoin holders also suffer during bull markets.
Sideways trading or declines for a few months, followed by a rally that ends in a month, is the norm.
Since Trump's inauguration, the counterfeit has risen, the big pie has fallen, the counterfeit has halved, the big pie has risen while the counterfeit remains unchanged, and it has returned to the time when Trump was in office. How to play with this counterfeit, the big pie is at a new high, when the big pie falls, the counterfeit has to fall too, the big players are not foolish, everyone now knows the counterfeit will rise, they are all buying in. After the rise, there will definitely be a cut off
The Fed's speech in the early hours of December 19 was hawkish, indicating that it may only cut interest rates twice next year, and clearly stating that this is only a possibility, with specifics depending on changes in inflation data. The market interpreted this as bearish news, but the negative impact is short-lived, usually being digested by the market within 24 to 36 hours.
In the early hours, BTC retraced to around the middle Bollinger band at 100,000 on the daily chart. If any bearish news appears, its lowest retracement position will be here, which aligns with last night's prediction. If ETH breaks below 3,828, it will directly retrace to around 3,660, which was also mentioned yesterday. From a broader information perspective, we will not consider the two intermediate support points of 3,772 and 3,742 for now, but they can be used as profit-taking reference points during a rebound.
During the day, BTC needs to repair the small-level indicators below the 30-minute mark, with the resistance level temporarily looking towards 102,300. The support level below 100,000 is between 99,200 and 98,800, which is also the bottoming point from last Sunday, and additional buying can still be considered here.
When faced with such significant information, the following points should be noted: 1. The proportion of low long positions to pending order positions should not exceed 15% of the account's funds; 2. For positions with floating profits, a breakeven stop should be set immediately to prevent the inability to reach profit targets and to avoid floating profits turning into floating losses due to bearish retracements; 3. When the price falls below the defense point, reduce the margin of the position by 10-15%, and then additional buying can be done at a lower price to lower the average cost.
Some investors want to cut losses as soon as their low long positions are slightly trapped, which is indeed a poor strategy. It should be noted that many people's short positions are trapped in the 90,000 to 78,000 range, and they have endured for over 40 days, hoping the price can fall to 80,000 or 70,000. In reality, the bullish trend has not yet ended
$PNUT t, open long near the current price of 1.0, stop loss 0.97, target 1.1 first
The Fed's launch in the early morning should be a positive, even if there is no interest rate cut and the original interest rate is maintained, there will be a small rebound
$PNUT t, open long near the current price of 1.0, stop loss 0.97, target 1.1 first
The Fed's launch in the early morning should be a positive, even if there is no interest rate cut and the original interest rate is maintained, there will be a small rebound
$MOVE It's the first 4-hour pressure. The market is generally bad for copycats. Let's keep it small. First, stop profit at 1/3, and stop profit at 1/2 at 0.75.
$MOVE current price around 0.62 can get in, support at 0.6 is evident, has been flat for 5 days without breaking down, high enthusiasm when it rises, there will be two more opportunities later.