📊 Key Economic Events This Week - Volatility is Coming
This week is filled with heavy data that could move the markets significantly, especially crypto:
◻️ Retail Sales for October — Tuesday ◻️ November Jobs Report — Tuesday ◻️ CPI Data for Inflation — Thursday ◻️ Philadelphia Federal Index — Thursday ◻️ Interest Rate Decision from the Bank of Japan — Friday ◻️ PCE Inflation for October — Friday ◻️ Existing Home Sales — Friday ◻️ Inflation Forecasts and Consumer Confidence Data (MI) — Friday ◻️ 5 Speeches from Federal Officials
📌 A critical week, liquidity will move, and caution is required. Follow the data closely and prioritize risk management.
The price of $SUI has decreased by about 8% over the last 24 hours as alternative currencies continue to weaken. The price has rebounded above the support area of 1.43-1.40 and is currently trading near 1.50, but the overall trend still leans towards a decline with Bitcoin's weakness.
🔻 Breaking below 1.40 may open the way to 1.34, then 1.20, and even 1.00 if selling accelerates. 🔼 Conversely, regaining and staying above 1.50 may ease the pressure and re-target 1.69 then 1.82
The market is very sensitive right now and risk management is essential.
The US economy added 64,000 jobs in November, higher than expectations (50,000). However, the unemployment rate rose to 4.6%, the highest level since September 2021.
📊 The message is mixed: Growth in jobs, but clear weakness in the labor market. This could increase pressure on the Fed to consider lowering interest rates, which is a potential positive factor for crypto, but with uncertainty caution is necessary.
I stand by my words, any rise in crypto due to this economic data will be followed by profit-taking and selling, so until the picture becomes clearer, don't expect too much.
📉 $FIL Under pressure… Strong fluctuations and a narrow range
Filecoin dropped to $1.22 amid severe fluctuations with the market as a whole declining. The main support is at $1.27, while resistance presses near $1.29 - $1.30, creating a narrow range for movement.
Breaking the $1.30 level with strong momentum could help the currency rise further towards higher areas. Bouncing from the support area of $1.22 indicates demand at the lows.
In summary, the trend remains negative in the short term unless we reclaim $1.30 firmly.
🚨 Visa enters the world of Stablecoin strongly within the American banking system
Visa has officially started integrating payment settlement with Stablecoin within American banks using USDC in collaboration with Circle and banks Cross River and Lead Bank, with settlement on network #solana and support for the upcoming Arc network from Circle.
This is the first time settlement of Stablecoin is directly linked to American banks, after Trump signed a clear legal framework for stablecoins in July. The advantage? Instant settlement 24/7 instead of days through traditional systems.
Visa is betting early that Stablecoin will be the heart of the next payment system, and institutions are starting to take action. 👀💥
🔥 $ACE After the pump, a healthy calm before the next move 🚀🚀
$ACE has entered a cooling phase after a strong upward wave, and is now building a solid base above previous demand areas. This behavior is normal and shows that the momentum has not yet broken. As long as the price maintains this range, the opportunity for continuation of the upward trend remains valid with calculated risk.
If it breaks and stabilizes above 0.287, $ACE is set for a stronger move towards 0.320 – 0.340. Personally, I prefer to take profits and secure capital while waiting for a clearer opportunity.
Today, we witnessed a good rebound in the market, with Bitcoin bouncing from 85,266 and moving towards a strong resistance area between 87,700 – 88,200. Not just $BTC , but many alternative currencies are also rebounding towards significant resistances.
The main reason mentioned earlier is that the economic data today could change future interest rate cut expectations, which temporarily opened up risk appetite in crypto. However, beware: the 88k area that was previously strong support may now turn into a critical resistance. Either a rejection and a new drop, or a recovery and rise towards 90k.
In my opinion, this rebound is unsustainable, and with the upcoming risks from the Bank of Japan, we may see selling and profit-taking. My advice: Reduce risks, take your profits, and wait for clearer opportunities; the market is still in a dangerous position. ⚠️
The price clearly broke $XRP below the support area of $1.93 after holding for weeks, and the break came with very high trading volume (+246% above the average), confirming significant liquidity participation and not a weak movement.
The price dropped from around $2.00 to $1.8250, with the currency rebounding somewhat strongly; the support area of $1.93 may turn into a strong resistance area.
🔹 Current support: $1.85 🔹 The $1.93 area is critical to determining the direction of $XRP ahead. 🔹 Any real recovery needs to reclaim $1.93 with momentum.
Until then, #xrp remains exposed to further volatility and selling pressure.
🚨 Diplomatic progress in the Russia–Ukraine file: what does it mean for crypto?
Intensive talks between the US, Ukraine, and Europe indicate that a ceasefire agreement is nearing, with consensus on most of the security framework. This development could reduce geopolitical risks and improve risk appetite in the markets.
For crypto: ✔️ Easing tensions = moral support for risky assets ✔️ Less pressure on energy prices and inflation likely
But ⚠️ I think that alone is not enough. Monetary policy and liquidity remain the decisive factors. We may see a short-term rebound, but the true direction needs confirmation from central banks.
🚨 An important day for the markets, many economic data today
Today we have a handful of strong economic data, and expectations for interest rate cuts may change as before. I do not expect violent movements, but surprises in the numbers may create quick rebounds up or down.
⚠️ Be careful 💰 Take your profits 🎯 Play on quick movements only
The market is unstable until the vision becomes clear, and risk management is key.
#NASDAQ is preparing to submit an official request to the SEC to extend trading hours to 23 hours a day during weekdays, in a move reflecting a shift towards more global markets. The plan proposes a daytime session from 4 AM to 8 PM, followed by a nighttime session from 9 PM to 4 AM, while maintaining the traditional opening and closing bells.
Markets are moving towards a model closer to crypto, longer trading, higher liquidity, and greater volatility. 📊
⚠️ $ASTER under strong pressure after breaking important support
The price of $ASTER has lost the level of $0.93 on a clear close, confirming structural weakness and the continuation of the downward trend. Staying below this previous support does not seem like a false breakout, but rather a negative price acceptance that increases selling pressure.
Currently, the focus is on $0.80, which is a strong support area, where we may witness capitulation movement with accelerated liquidation and weak demand. The absence of a strong buying reaction so far reinforces the negative scenario.
As long as the price remains below $0.93, the downside risk persists, and any change requires strong interaction at $0.80.
Bitcoin has fallen below $86,000 as liquidity imbalances continue. Small players are buying the lows, while whales are exploiting demand to exit.
🔹 Small and medium wallets bought $474 million 🔹 Whales sold approximately $2.78 billion 🔹 Short-term holders are selling at a loss ⬅️ Sign of capitulation, but without confirmation of a reversal
Analytically, after breaking the short-term uptrend, retesting and breaking $80,600 remains possible. The market is very sensitive right now; risk management is essential.
🍌 $BANANAS31 is still maintaining momentum on small time frames
On the short time frames, $BANANAS31 shows a good consolidation and a clear momentum build-up. As long as the price maintains the current area, the possibility of continuation exists, but caution is necessary due to the overall market weakness.
The currency $BNB dropped by more than 3% in the last 24 hours to trade near $845, after breaking important support areas and erasing previous session gains. Throughout the day, the price moved in a narrow range between $885 – $888 with rising peaks and troughs and a noticeable increase in volume, which provided a positive signal for a potential breakout.
However, the breakout above $888 did not hold, and with declining liquidity and renewed pressure on the market as a whole, the upward momentum failed. The drop of #BTC (-2.8%) and #ETH (-3.6%) increased the pressure, causing $BNB to join the downward movement.
⚠️ Caution is currently required, the market is still sensitive to any additional pressure.
🚨 Breaking: Bitcoin drops below $87,000 with liquidation of $200 million in 30 minutes
As warned multiple times over the past weeks, when it was $BTC near 94k, large investors began taking profits and exiting the market due to fears of a deeper downturn, especially with the Bank of Japan's moves anticipated this week. What we are seeing now is an acceleration in the downward momentum, as traders sell out of fear of continued losses, and with each liquidity liquidation, the pressure increases further.
Liquidations add fuel to the drop, creating a chain of consecutive selling. Be cautious, risk management is very crucial at this stage, and the market remains unstable.
🔍 $SEI at a sensitive area before an important event
The price $SEI is moving near $0.12, which is a pivotal support area, while the market awaits the unlocking of tokens worth $7 million on December 15. Despite the weekly price weakness, we notice an increase in trading volume, indicating more short-term speculative activity than a conviction in investment.
Breaking $0.12 with a daily close may open the door for a deeper decline, especially with the unlock pressure. On the other hand, holding up with strong volume may allow for a short-term rebound and alleviate negative control.
🔥 $LUNA at a sensitive area after a clear liquidity withdrawal
$LUNA has made a sharp liquidity withdrawal that caused a strong drop in the currency, reaching support areas that may be testing zones to determine whether the currency will continue to drop or see rebounds upwards.
🔹 Resistances (only with improved momentum): 0.1620 – 0.1650 first resistance 0.1780 – 0.1820 strong and critical resistance Above 0.1820 only if the structure changes to bullish
🔻 Supports in case of continued weakness: 0.1450 – 0.1380 strong support 0.1130 – 0.1080 deep correction area
📌 The structure still shows lower highs and lower lows, and true strength only begins with reclaiming 0.165+ with strong trading volume. Trade on levels, not on emotion.
🔍 Vitalik's movements put $UNI and $KNC under the microscope
Vitalik Buterin's sale of part of his holdings in UNI and KNC caught the market's attention, especially since the movements came from a known and trusted wallet. Although the total value for sale is not large, the psychological impact was clear. UNI declined slightly, as did KNC, indicating short-term pressure rather than a radical change in direction. Most importantly, $ETH was unaffected, indicating that the market views these movements as portfolio management rather than a strong negative signal. Monitoring is required, especially for price behavior at support areas.
🔄 $SOMI Early Reflection Attempt 🚀🚀 Pay attention to the current area
$SOMI is trying to change direction after breaking the short-term downtrend, with a clear entry of buyers near an important support area. Staying above this area may open the door for a quick rebound towards the upcoming resistances.
Entry Area: 0.2990 – 0.3040 First Target: 0.3170 Second Target: 0.3500 Stop Loss: 0.2930
My strategy is clear: take profit at the first target, move the stop loss, and let the trade be free towards the second target. Risk management first.