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#BitwiseBitcoinETF Theo Odaily, HODL15 Capital reports that more than 20 companies have the opportunity to be included in the Bitwise Bitcoin Standard Corporations ETF, of which 30% are Bitcoin mining companies. Previously, it was announced that Bitwise had filed an application with the U.S. Securities and Exchange Commission (SEC) for the Bitcoin Standard Corporations ETF. This fund aims to invest in stocks of companies that adopt the Bitcoin standard, requiring them to hold at least 1,000 BTC in their reserves.
#MarketRebound Based on the Coinglass chart, here is additional analysis to predict the direction of BTC: 1. Liquidity Zone Analysis: • Price range from 92,000 - 93,000 USDT: There is high accumulated liquidity, indicating many buy orders waiting in this area. This is a strong support area; if the price drops, it is likely to bounce back from here. • Price range from 96,000 - 97,000 USDT: There is average accumulated liquidity, serving as a temporary resistance area. The price needs strong buying power to overcome this. 2. Price Movement Potential: • With strong liquidity in the 92,000 - 93,000 USDT range, BTC is unlikely to drop significantly below this level in the short term. • The current level of 94,000 USDT is situated between two liquidity zones. If buying pressure increases, the price may head towards the 96,000 USDT area, but the potential for a further bounce will encounter strong resistance. 3. Combined with trends and indicators: • If BTC holds above 94,000 USDT: It is highly likely to continue recovering and test the range of 95,500 - 96,000 USDT in the upcoming hours. • If BTC drops to 92,000 - 93,000 USDT: This will be an important support area. The price could bounce back strongly from here, creating momentum towards the 94,500 USDT range. 4. Short-term Prediction (5:30 PM - 9:00 PM): BTC tends to fluctuate within the range of 93,000 - 96,000 USDT, favoring a recovery trend towards 95,500 - 96,000 USDT if buying pressure remains stable.
#ChristmasMarketAnalysis During Christmas, the cryptocurrency market, along with other financial market assets, has historically experienced a downward trend, suggesting that this is a cyclical market trend. Traders should be aware of this market behavior to adjust their strategy.
$DOGE DOGE/USDT is trading at 0.31173 USD, down 1.63% in the last 24 hours, with a high of 0.32460 USD and a low of 0.30510 USD. Trading volume reached 2.19 billion DOGE (689.45 million USD). The current price is below key MA lines (MA7, MA25), indicating a short-term downtrend, while the market is experiencing high volatility.
Advice for HOLD investors (long-term holding):
1. Do not deploy all your capital: In a highly volatile market, if you are considering increasing your position, you should only deploy a maximum of 50% of your current capital to buy more, divided into two phases:
20% capital at 0.305 USD: This is the nearest support zone, which may create a short-term rebound point.
30% capital at 0.290 USD: This is a stronger support level, suitable for accumulating more if the price drops significantly.
2. Be patient with the hold strategy: With a long-term outlook, there is no need to overreact to short-term fluctuations. Focus on the long-term value of DOGE rather than worrying about short-term corrections.
3. Do not panic sell when prices drop: If you are committed to the hold strategy, you should only sell when the price reaches your expected target. However, set a reasonable stop-loss level (for example: below 0.285 USD) to protect your capital in case the downtrend continues.
4. Monitor fundamental factors: In addition to observing the price, pay attention to major news and updates related to DOGE, especially factors that could affect the long term such as partnerships, real-world applications, or major changes in tokenomics.
5. Allocate risk: Do not put all your capital into DOGE. Ensure that your investment portfolio is diversified to minimize risk from significant fluctuations in a single asset.
$BTC update view 23/12/2024. Currently, BTC is responding quite poorly; the large outflow of capital from the market has just begun to cool down, so it's understandable that the market has not yet recovered.
🔸However, there must be some significant news; otherwise, BTC is unlikely to rise above 103k during this period. 🔸The M15 frame looks quite bad, continuing the process of price decline testing the range of 93-94k and continuing to sideways between 93-98 in the short term. 🔹Before and after the New Year, there will be many fluctuations in the market, a reset of the game, so everyone should prioritize safety first.
📌 Currently, the positive cash flow is not significant, cashing out to the outside. Both abroad and domestically are also preparing for the end of the year and the holidays, so it's understandable that the market is slowing down and showing a tendency to turn red. I am not trading BTC, I'm just holding Altcoin, so I hope that the cash flow is strong enough to pump and support the price during this period, leading to a positive stabilization in the new year.
The Bitcoin Community Rages Ahead of BlackRock's Video on “Total Supply of 21 Million BTC”
BlackRock, the world's largest asset management firm, has sparked controversy in the community when posting a video introducing Bitcoin accompanied by the caption:
“There is no guarantee that the fixed total supply of 21 million BTC will not change in the future.”
Controversial Point
• BlackRock asserts that Bitcoin has a maximum supply of 21 million BTC, a core feature that helps prevent inflation.
• However, the caption in the video has raised concerns about the possibility of changing the total supply of BTC, which is seen as the “immutable tenet” of the Bitcoin community.
📊 VELODROME/USDT Technical Analysis: Key Levels to Watch at $0.1828!
VELODROME is trading at $0.1828, navigating a consolidation phase as traders eye critical price zones for potential breakouts or pullbacks. With momentum building, the market is ripe for decisive action.
🔑 Key Levels:
Resistance: $0.1850 is the immediate challenge. A breakout above this level could drive the price toward $0.1900 or even $0.2000.
Support: $0.1800 acts as strong support, with additional levels at $0.1750 for deeper corrections.
📈 Bullish Strategy: A clean break above $0.1850 could signal a bullish rally, targeting $0.1900 and $0.2000. Long positions above resistance with a stop-loss at $0.1790 offer a balanced risk-reward.
📉 Bearish Strategy: A drop below $0.1800 may trigger a pullback toward $0.1750 or even $0.1700. Consider short positions below support, with a stop-loss at $0.1830, to capture downside potential.
VELODROME is at a pivotal moment—stay alert for volume spikes and price confirmations to capitalize on its next move. Will bulls charge ahead, or will bears take control? Trade smart and stay ahead! 🚀
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$BTC $BTC reaches $101,880: Are the Bulls Back? 💹 📈 Bitcoin has surged to an incredible $101,880 after dropping to a low of $97,248 earlier today. This recovery signals a potential turning point, but what will happen next for the king of cryptocurrencies? Let's analyze: 1️⃣ Strong buying pressure: The brief drop below $100,000 triggered bullish momentum, pushing $BTC back to a critical level—a clear indicator of strong market demand. 2️⃣ Important resistance at $101,880: Holding above this level is crucial to prevent a drop back to $100,000 or lower. 👉 Support: If rejected near $102,000, look for stability in the $99,000-$100,000 range. 👉 Resistance: Bulls are targeting the $103,000-$105,000 range—breaking through this area could pave the way for new all-time highs.
#BTCReclaims101K $BTC reaches $101,880: Are the Bulls back? 💹 📈 Bitcoin has surged to an astonishing $101,880 after dropping to a low of $97,248 earlier today. This recovery signals a potential turning point, but what will happen next for the king of cryptocurrencies? Let's analyze: 1️⃣ Strong buying pressure: The brief drop below $100,000 triggered bullish momentum, pushing $BTC back to a crucial level—a clear indicator of robust market demand. 2️⃣ Key resistance at $101,880: Holding above this level is crucial to prevent a decline back to $100,000 or lower. 👉 Support: If rejected near $102,000, look for stability in the $99,000-$100,000 range. 👉 Resistance: Bulls are targeting the $103,000-$105,000 level—clearing this zone could pave the way for a new ATH.