As of December 10, 2024, 22:50, the price of Bitcoin is $98,170. Decrease of 2.04%. Highest price $10,399. Lowest price $94,100. Trading volume 5.375 billion (bn).

Market Summary:

Last night's market showed volatility. The price of Bitcoin did not fluctuate much, only around 4-5%. Altcoins were much more volatile, with many experiencing fluctuations of up to 50%. Some coins have returned to their pre-liberation levels. The liquidation volume last night was not very large. This is because the volatility of Bitcoin and second-tier coins was not relatively large. Most of the liquidation was concentrated on altcoins. The data in the chart below clearly shows this.

This was to clear the leverage in altcoins, leading to the liquidation of 550,000 people. This number has exceeded the historical peak of 312 liquidations. Most of the leverage exceeding 4 times has been liquidated. Those who survived are a miracle. From the market perspective, individuals have also been lulled into complacency by the market. The risks are strong, and there were previous warnings that risks would come. However, from the current trend and movements of Bitcoin and second-tier coins, they are all within a trend channel. The risk of liquidation in altcoins has been underestimated. There hasn't been much avoidance, and funds have also shrunk; the market always teaches you lessons. Each time is different.

From the market surge on the 6th where Bitcoin broke 100,000 to the rapid drop below 90,000 (including news from the South Korean version 94), currently, the price of Bitcoin is still in the early to mid-stage of the bull market. There is still more to come in the first half and the middle to late stages of the bull market. All current personal analysis of the bull market corrections are opportunities for you to increase your positions. Make sure to seize them. Still the same saying, we are in a bull market.

Personal Analysis

Current market point analysis: Bitcoin resistance at 104,200. Support at 92,888.

For the current correction in altcoins, pay attention to the stronger tokens: Pepe, ENA, GODE, AAVE, CRU, ZRO. Other strong ones are welcome to comment; the strong in the bull market become stronger, so pay more attention to the strong ones.

Analysis complete, simple analysis, simple understanding.

Bitcoin market is volatile, and the altcoin market is also volatile. #微软比特币投资投票案 $BTC