Cryptanalysis expert 'TXMC' stated on platform X that despite the recent decline in Bitcoin prices, the liveliness of this cycle continues to rise, indicating that there is a bottom in the demand for spot Bitcoin, which has not been reflected in the price trend. This may mean that the bull market cycle of this round has not yet ended. The analyst claims that this indicator reflects the long-term moving average of Bitcoin's on-chain activity, which is the sum of all lifecycle spending and on-chain holding activity. During a bull market, as supplies change hands at higher prices, market 'liveliness' typically increases, indicating a new influx of investment capital.
This morning, the simultaneous rise of Bitcoin and Ethereum has brought a rare warmth to the market, proving that buying power still exists near key support levels. However, we must clearly recognize that this is more like the calm before the storm. This week's Federal Reserve FOMC meeting is like the 'Sword of Damocles' hanging over the market, and the policy signals it releases will directly determine the short-term fate of global risk assets. For Bitcoin, the support zone of $87,000-$88,000 is the bottom line that cannot be lost, while the resistance range of $92,000-$95,000 is the ceiling that requires all efforts to break through. For Ethereum, stabilizing above $3,100 is the basis for maintaining strength, but it needs to quickly move away from this area to expand upward space to avoid changes after prolonged consolidation.
Will Bitcoin (BTC) Plummet or Break Out: Where Will Prices Go in December?
The Bitcoin (BTC) price is approaching the apex of a wedge formed by a descending trend line and a major ascending trend line. If it breaks upward, the bull market will continue; if it breaks downward, it may enter a bear market. Which situation will it be? The falling wedge pattern has at most one week left—will it be up or down next?
The BTC price must break out or drop before the end of next week, and it is likely to happen before the price reaches the apex of the wedge, as historically, Bitcoin tends not to wait until the end of triangles and wedges to take action.
Early this morning, the price of Bitcoin fell below the key psychological level of $91,000, with a daily decline reaching as much as 1.87%. Although there was a technical rebound afterward, the decline narrowed to about 1.2%, with prices hovering around $92,300. This volatility has undoubtedly sounded the alarm for the market. After several weeks of significant rebound from a low of $80,000, Bitcoin has failed to establish a solid position above $94,000, instead revealing signs of fatigue once again. Currently, the market is at a critical crossroads defined by a macroeconomic storm, a fragile technical structure, and conflicting bullish and bearish expectations.
Yesterday's high fell from 93915 to around 91370, continuing the daytime rebound early in the morning, rising to 94127 and then fluctuating around 93000. It still maintains a high-level consolidation pattern after the rebound, as technical indicators show overbought conditions leading to profit-taking. The price faced pressure when attempting to break higher resistance levels, but market trading remained active, and overall volatility narrowed, indicating a cautious sentiment at high levels. Currently, the price is still constrained by the daily MA30 moving average at 94300, with strong resistance remaining in the 95000-96000 range. Looking at the short-term four-hour chart, after experiencing seven consecutive bullish candles, the price action has narrowed, indicating a weakening upward momentum, and the risk of a short-term pullback has increased. During the day, attention should be paid to the strength of the pullback repair, with support levels to watch at 92500 (which broke through an important resistance yesterday and confirmed support on the pullback) and the 91500-91000 range! However, Bitcoin's overall rebound today is lower than that of Ethereum, so be mindful of subsequent recovery situations.
Bitcoin (BTC) Remains in a Downward Trend: Not Out of the Woods Yet - Price Analysis
Since Monday, Bitcoin's price has increased by 12%, equivalent to an increase of about $10,000. However, this king of cryptocurrency has not completely escaped danger. The current price is facing horizontal resistance, and there is also a major downward trend line overhead, indicating that bulls still need to work hard. Is the $10,000 increase lacking momentum?
On Tuesday, Bitcoin bulls made a strong rebound, which is just what the market situation needed. Bitcoin's price briefly fell below the main trend line, and the previous low of $80,000 seemed precarious. However, the bulls acted quickly, and the price surged by $10,000. This wave of increase pushed the price back above the main trend line, breaking through another downward trend line and resistance level, ultimately possibly lacking momentum near the horizontal resistance level of $94,000.
Yesterday, there were several major positive factors that led to the rise
1. Next year, Powell confirmed his resignation, and expectations for interest rate cuts have increased 2. The world's second-largest asset management company, Vanguard, will allow investors to trade BlackRock's Bitcoin spot ETF 3. Yesterday, the Federal Reserve officially confirmed the end of quantitative tightening
With these three positive news items, BTC rebounded strongly, and it's only a matter of time before it breaks through 100,000 again
Today is Wednesday. After experiencing significant fluctuations in the previous trading day, Bitcoin exhibited a strong rebound on December 3rd. Bitcoin broke above the $92,000 level during early Asian trading, with a maximum increase of nearly 8% in the past 24 hours, currently trading above $92,700. Meanwhile, Ethereum also strongly broke through the $3,000 barrier, and the overall sentiment in the cryptocurrency market has significantly improved.
A Black Start to December: BTC/ETH Plunge, Liquidation Waves Surge, Can December Hold Steady?
As December begins, the cryptocurrency market delivers a heavy blow to investors, as previously easing panic emotions spread again. What is happening in the market? In the remaining month of this year, how will the cryptocurrency market trend, will it continue to remain sluggish, and has the bear market deepened further? The cryptocurrency market has experienced a short-term plunge, with bulls facing further bloodshed This morning, the cryptocurrency market witnessed another shocking 'flash crash,' with Bitcoin and Ethereum both plummeting significantly. Bitcoin rapidly dropped over $4000 within two hours, briefly falling below $87000, and at one point touching $86161, with a 24-hour decline of nearly 5%; Ethereum also rapidly fell over $200 in two hours, briefly dropping below $2900, touching $2813.20 at one point, with a 24-hour decline of over 5.5%. Solana, BNB, and others also experienced short-term rapid declines.
The start of December has been hit again, directly plummeting to five points early in the morning! Currently, BTC 86700 ETH 2850, it looks like the beginning of this month is again a story of looking for support levels: in the short term, ETF funds are flowing back, and in the long term, the chips are starting to loosen; below, we still honestly respect the trend, not gambling on V-shaped carbohydrates, and if there is another drop, we will wait for an exhilarating or exciting surprise to take action. Looking for support levels, patiently waiting,
On November 28, according to Coinbob's popular address monitoring, in the past 5 hours, the "largest short on ZEC on Hyperliquid" has continuously increased its MON short position by approximately $1.2 million, with an average price rising to $0.0369. The floating loss has narrowed from yesterday's $1.3 million to $30,000, with the current position size approximately $6.57 million, making it the largest short on MON on Hyperliquid.
In addition, the current floating loss on ZEC short position for this address has further narrowed from yesterday's $6.14 million to a current floating loss of $2.9 million (50%), with a position size of $30 million and an average price of $419. Previously, on the 17th, the maximum floating loss reached $21 million.#币圈
Bitcoin (BTC) Warning: The Bottom is Still Forming—Will Prices Drop Further?
The Bitcoin price may have bottomed out around $80,000. However, consolidating this bottom may not be easy after a plunge of $46,000 from the historical high. Bitcoin traders need to exercise caution—prices could see a sharp drop or a drastic rise. If we assume that the Bitcoin price has indeed bottomed out slightly above $80,000, some may expect a V-shaped rebound. However, due to ongoing liquidity issues, this may not be the most likely scenario. Nevertheless, given the currently very pessimistic market sentiment, a short squeeze could occur, driving prices higher. In summary, for Bitcoin traders, this remains a dangerous phase, and significant price volatility (whether up or down) may still be the norm.
Where is the key support level for Solana in the short term? The main support level for Solana (SOL) is at the bottom of the 100 dollar channel, with the middle range of 105-110 dollars being a historical accumulation area. A short-term rebound may point to resistance at 150-165 dollars, but falling below 100 dollars could lead to further declines. Traders should closely monitor trading volume to confirm any reversal signals.
Bitcoin (BTC) Soars $7,500 in 48 Hours: Is This the Real Bottom?
Bitcoin (BTC) has managed to hold its key support levels after experiencing a prolonged decline, and it has begun to recover. Since dropping to $80,600 last Friday, the price has risen by $7,500 over the weekend, which largely indicates that the worst may be over. However, is this really the bottom? Can BTC hold these price levels?
The 4-hour chart for BTC shows that the price is stabilizing near the support level of $82,600. Although this support level is not particularly strong, a rebound is needed to confirm or overturn the previous downtrend due to the earlier price breach of the main trend line. The bulls have ultimately succeeded in pushing the price back above the trend line. A retest of the trend line may now be needed.
Overall, the cryptocurrency market remains in a fluctuating bullish pattern this week. Although price volatility is relatively frequent, from a technical perspective and capital flow, the strength of the bulls is gradually accumulating, and the market still has significant breakout potential. Investors can develop reasonable entry and exit strategies based on technical signals, pay attention to price pullbacks and breakout timing, and closely monitor the changes in the Federal Reserve's policies to capture potential market opportunities.
Is a rebound on the way? Do you still have enough 'bullets'?
Recently, many friends have completely lost confidence in the market. The situation has not improved for a long time, and everyone increasingly feels whether this cycle has completely turned bearish. This sentiment is particularly understandable, as the shrinking numbers in the account represent the most direct blow. Especially seeing some major institutions' movements makes people feel even more uneasy. For example, BlackRock recently reduced its holdings by 12,000 bitcoins and 172,000 ethers. When this data came out, many people panicked. Just think about it, they only hold a few hundred thousand in total, and selling so much at once inevitably raises questions about whether the direction has changed.
This time, many altcoins have dropped harder than Ethereum What does this indicate? Many quality altcoins have already dropped to their limits Both large and retail investors do not want to sell Many altcoin prices are at historical lows Some are even lower than the price established by whales They have stopped dropping Unless there is another major negative news In extreme panic, there will be a dip However, the current position is already a very good entry point Still, the same saying applies: choose quality altcoins: accumulate in batches at the bottom, even the whales feel helpless