In the last 24 hours, a total of 155,674 people globally have been liquidated, with a total liquidation amount of $532 million! On a macro level, negative factors continue to emerge: interest rate hikes in Japan, MSTR's explosion, and FUD around Tether. Currently, BTC and ETH are weakly adjusting in a downward trajectory. Whether they can strengthen later needs continued observation. During this phase, maintaining learning or taking a passive approach is the best choice; not trading is equivalent to making money.

BTC

Yesterday, BTC dropped sharply, and the US market last night didn't perform well. Although there were signs of buying the dip, there were no indications of a rally. After the US stock market opened, it followed the decline of the US stocks, briefly dropping below 85000 before recovering. The 1-hour chart shows a classic OBV five-wave pattern, the 4-hour chart shows an OBV death cross, MACD bullish volume diminishing, and KDJ facing downward with a death cross. The market remains dominated by bears.

(2) Today's intraday support is at 83400; if it holds, it will prevent further declines. Below 82000 is a joint support level for both daily and weekly charts, making it cost-effective to go long when the price reaches this level.


(2) Today, pay attention to the upper resistance at 87500 and 88800; high shorts can be considered around this area.


(3) The pressure level for BTC is at 93200; the BTC rebound has not ended, and it is still looking for a rebound above 100,000, of course, provided it breaks through 93200 with volume.

ETH

ETH dropped to around 2720 last night, meeting yesterday's expectation for accelerated decline. After a significant rebound in the early morning to this morning, it will continue to test the 2700 direction from afternoon to evening, guarding against a potential drop below this level.

(1) The ETH monthly death cross has just formed in the past few days. In the trend for the next three months, it may be consistent with the movement from February to April, moving towards a monthly five consecutive bearish candles.

(2) ETH's monthly line did not close above 3050 (the middle track of the monthly Bollinger Bands), making it unable to move above 4400 (the upper track), so the probability of moving towards the lower track is very high.

(3) There is still a rate cut in December that hasn't landed yet. If ETH rises again, consider shorting around 3050, with a very short stop-loss and high ROI.

TRADOOR

TRADOOR's price plummeted from over 6 dollars to 1.4 dollars in a short time, with a 24-hour decline exceeding 70%. Playing with single-machine coins is very unpleasant, clearly targeting the Chinese market. Taking advantage of the Asian market's rest, it started to push up and then quickly dumped! I believe most people can't react in time.

A single address controls 75% of the supply, with the top 10 holders accounting for as much as 89.3%. During the sharp drop, the trading volume expanded abnormally, and on-chain data shows that large holders continued to reduce their positions, exacerbating the cascading liquidation effect on prices.

Currently, although technical indicators are oversold in the short term, the mid-term trend still looks bearish. If considering betting on a rebound, one must strictly control positions and set stop-losses.

Eggplant

The Douyin Eggplant should be about to break through. I haven't sold the 300,000 I invested! Most Douyin projects that were popular on BSC yesterday have failed, leaving this $Eggplant still performing well. Several tests around 300,000 have not resulted in failure. After all, it's from the same DEV as Amigati Duo, and this DEV is very good at finding angles. $Amigati Duo has stabilized at a market value of one million, with very stable daily increases; Eggplant is likely to be next!

Altcoins worth bottom-fishing in a bear market—$ASTER, $HYPE, $BNB, $ONDO.

(1) BNB, HYPE, and ASTER are somewhat like shares of the largest shareholders; the industry won't perform poorly as long as it remains. Among them, ASTER's airdrop will affect year-end performance (the destruction on 12/5 does not bring real buy volume, and the buyback mechanism is temporarily not evaluated). After a deep washout in a bear market, the ROI will be relatively high. BNB is dropping very slowly, and the monthly support is still far away.

(2) The expectation for ONDO is that if US stock IPOs can link with blockchain ICOs in the future (for example, becoming a way out for small-cap stocks), and if US DAT and ETFs continue to exist in an accumulation cycle, there is a possibility of new bull markets.