🚀 The cryptocurrency market has risen by 2.9% in the past 24 hours, reversing the previous 30-day downtrend (-10.44%) and continuing the moderate uptrend over the past 7 days (+2.13%). Major factors:
1. Federal Reserve interest rate cut expectations—Investors expect the Federal Reserve to cut rates by 25 basis points ahead of today's Federal Open Market Committee (FOMC) meeting, which supports risk assets.
2. Short squeeze—Bitcoin short positions were liquidated (increased by 341% compared to the previous 24 hours), accelerating the rise of Bitcoin.
3. The influence of the exchange's dominant position and the cooperation news with BNB Chain led to a surge in tokens.
4.Layer 1 breakout—Ethereum (weekly increase of 8.88%) and Solana's EVM sidechain have boosted cross-chain optimism.
💥Liquidation alert:
In the last 24 hours, a total of 112,592 people have been liquidated across the network, totaling $420 million, among which long positions suffered heavily ($109 million), and shorts also found it hard to escape ($311 million).
📊 Performance of mainstream coins:
1.Bitcoin (BTC): Price around 92485, 24-hour increase of 2.65%
Today's key point is 91900, if it holds steady for 1-2 hours without collapsing, the market can continue to surge upwards, the upper breakout route: 93500 (small pressure), 94530, 96450, 98160, step by step!
If it directly breaks below 91900 in 1-2 hours, then a correction must be arranged, with the lower defense lines at 90700 (small support), 89360, 87700, 86230, don't hold on stubbornly!
2.Ethereum (ETH): Price around 3319, 24-hour increase of 6.57%
Ethereum core watches 3285 at this level, if it holds steady for 1-2 hours without breaking, then just go up and it's done! The upper pressure levels are 3342 (small pressure), 3397, 3451, 3510, take the time to assess the pace!
Once it breaks below 3285, the correction mode will start, with lower support at 3244, 3200, 3151, holding steady is essential!
3.BNB: Price around 893, 24-hour increase of 0.47%
Whether BNB can rebound today depends on whether it can hold above 887~ If it stays above 887 for 2-4 hours, the rebound will officially start, upper pressure levels are 905, 913, 926!
But if the closing line for 2-4 hours hasn't held above 898, then it needs to explore downwards, with lower support first looking at 887 (small support), then downwards to 878, 870, 857, risk control is critical, brothers!
4.SOL: Price around 139, 24-hour increase of 5.23%
SOL today 136 is the lifeline for today, if it holds steady for 1-2 hours without collapsing, it can surge upwards without issue, upper pressure levels are 141 (small pressure), 144, 148, 152, keep the rhythm!
If it breaks below 136, a correction will come, with lower support at 132, 128, 126, hold steady for what comes next!
🌡️Market sentiment:
Today's total cryptocurrency market value is approximately $3.16 trillion, with a total trading volume of about $147.31 billion in the last 24 hours.
Current market sentiment is 25 (fear), slightly neutral and bearish, mainly due to the improvement in panic sentiment, high leverage coupled with macro uncertainty, everyone is cautiously adjusting their positions! However, Bitcoin accounts for 58.5%, while altcoin index is only 18/100, risk aversion sentiment is very obvious~ Focus on the Fed interest rate decision on December 10: if it's dovish, it may trigger a short squeeze pushing towards 95000; if hawkish, Bitcoin has the risk of breaking the 87000 support!
Today's cryptocurrency rise and fall leaderboard🔥
📈 Top 3 increases:
1.G: Price $0.00671, 24-hour increase of 38%
2.AXL: Price $0.1355, 24-hour increase of 24%
3.LUNA: Price $0.1516, 24-hour increase of 24%
📉 Top 3 decreases:
1.ALLO: Price $0.1566, 24-hour decrease of 15%
2.RDNT: Price $0.01158, 24-hour decrease of 13%
3.WIN: Price $0.00004165, 24-hour decrease of 8%
✨ Performance of other mainstream coins:
Dogecoin (DOGE): Price $0.14696, 24-hour increase of 5.01%
Tron (TRX): Price $0.2799, 24-hour decrease of 0.30%
Cardano (ADA): Price $0.4642, 24-hour increase of 8.38%
Hyperliquid (HYPE): Price $28.985, 24-hour increase of 4.18%
Avalanche (AVAX): Price $14.62, 24-hour increase of 7.51%
Stellar (XLM): Price $0.2521, 24-hour increase of 5.75%
Sui (SUI): Price $1.6397, 24-hour increase of 3.71%
Chainlink (LINK): Price $14.19, 24-hour increase of 3.73%
Hedera (HBAR): Price $0.13705, 24-hour increase of 2.96%
Bitcoin Cash (BCH): Price $566.5, 24-hour decrease of 1.05%
Shiba Inu (SHIB): Price $0.00000861, 24-hour increase of 1.65%
Litecoin (LTC): Price $84.50, 24-hour increase of 1.92%
Pepe Hiba Inu (PEPE): Price $0.00000479, 24-hour increase of 4.58%
Toncoin (TON): Price $1.645, 24-hour increase of 1.92%
