Daily Cryptocurrency Market Overview
📍BTC and ETH are hitting yearly highs again and showing significant growth. On Binance and ByBit spot markets for BTC, there are ladders of huge limit orders for buying, which doesn't seem like stop orders because the volume of new limit orders for buying in the last few hours exceeds the buy delta volume for BTC. This suggests that whales are ready to push the price even higher.
The most optimistic assumption for BTC's growth target is the $45,500 - 45,800 zone.
Currently, there's a lot of talk about gold, which has seen a 4% drop, and speculation that major insiders know something.
✔️News
Currently, any positive news makes headlines, while negative news is ignored. The news feed looks like a Christmas tree with beautiful ornaments and ribbons:
- BTC's market capitalization surpassed Berkshire Hathaway (Buffett's company) and exceeded $800 billion.
- BTC almost returned to pre-Terra crash levels.
- Jenny Johnson, CEO of one of the world's largest management companies Franklin Templeton, personally invested in cryptocurrencies, including BTC, ETH, UNI, SUSHI.
- Data from the Crypto Fear & Greed Index, a benchmark sentiment indicator, already show greed levels at highs not seen since November 2021, when Bitcoin set its last historical high.
✔️Base Scenario
ETH has already exceeded all its targets, now it will follow BTC, I believe its individual play is over for some time.
No need to short BTC yet, the next volatility boom is likely at 3 AM Moscow time.
✔️What to long today
PEPE exceeded all targets and brutally cleared out all leveraged shorts. I couldn't sell it very high due to volatility.
In FLM, mass liquidations of longs happened at 14:00, it's worth trying a long again.
✔️Longing MATIC is profitable, holding but moving stop to break-even. Short on BIGTIME closed at stop.
✔️Today's idea: short SUPER at $0.6785
Move stop to break-even at $0.62
Stop: $0.7457
Take-profit: $0.5142
Not a trading recommendation
$BTC $ETH $UNI
