BTC: Yesterday's lowest point was 92500, highest point was 97242, with a fluctuation of 4742, amplitude of 4.9%
ETH: Yesterday's lowest point was 3206, highest point was 3413, with a fluctuation of 207, amplitude of 6.0%
📌02 Today's Analysis
BTC
Currently, BTC is at 94400, and it started to decline again early this morning, reaching the support level of 93000 mentioned yesterday, then began to rebound. As discussed in yesterday's early review, a weak rebound will likely lead to a second test, and I advised everyone in the group not to rush to bottom out. The short-term trend for BTC is still downward, with resistance around 96000!
BTC short-term resistance: 96000
BTC short-term support: 92200
ETH
Currently, ETH is at 3320, confirming yesterday's predicted trend. After another decline, it's time to consider the first bottom fishing. When bottom fishing, do not go all in; it is recommended to do it in batches, about 2-3 times. If there is a slight increase in the short term, do not chase the rise, as it is likely a trap; be careful not to get caught! The bottom fishing target for ETH is around 3000!
ETH short-term resistance: 3400
ETH short-term support: 3030
📌03 Article Summary
A slight second test has appeared; observe the trend after the rebound. I suggest everyone not to bottom fish just yet, as the trend has not shown an upward movement. This is still the first bottom test. If it rebounds at the 3200 level during a second test, then you can consider increasing your position. If it breaks below 3200 and does not quickly bounce back, then the target of 3000 will come very soon. Pay attention to the timing of bottom fishing. mmm
#美国非农数据即将公布 Tonight at 21:30, the currency circle is in turmoil again! Breaking US data is coming! Dear cryptocurrency investors, get ready for the upcoming market turmoil! At 21:30 on January 10, 2025, the United States will announce the December unemployment rate and December seasonally adjusted non-farm employment data. The importance of these two key indicators is self-evident and will have a profound impact on the market. First focus on the unemployment rate in December: The previous value and expectation were both 4.20%. If the announced value is lower than expected, it indicates that the U.S. job market is strong and the economy is performing well, which may prompt the Federal Reserve to adopt tightening policies, and funds may flow out of the digital currency market, causing currency prices to fall. On the contrary, if the data is higher than expected, it will show that the job market is weak and the economy may face the risk of recession. The Federal Reserve may continue to maintain loose policies or even cut interest rates, which may attract funds to flow into the crypto market and promote currency prices. Next, let’s look at the seasonally adjusted non-agricultural employment and population data in December.
BTC: Yesterday's lowest point was 92500, highest point was 97242, with a fluctuation of 4742, and an amplitude of 4.9%
ETH: Yesterday's lowest point was 3206, highest point was 3413, with a fluctuation of 207, and an amplitude of 6.0%
📌02 Today's Analysis
BTC
Currently, BTC is at 94400, and it started to decline again early this morning, reaching the support level of 93000 mentioned yesterday, then began to rebound. As mentioned in yesterday's morning analysis, if the rebound is weak, there is a high probability of a second test, and I advised everyone in the group not to rush to bottom fish. The short-term trend of BTC is still downward, with resistance around 96000!
BTC Short-term Resistance: 96000
BTC Short-term Support: 92200
ETH
Currently, ETH is at 3320, confirming yesterday's predicted trend. After another decline, a first bottom fishing opportunity can be made, but do not go all in; it is recommended to do it in batches, about 2-3 times. If there is a slight rise in the short term, do not chase the price, as it is likely a trap; be careful of getting caught! The bottom fishing target for ETH is around 3000!
ETH Short-term Resistance: 3400
ETH Short-term Support: 3030
📌03 Article Summary
A slight second test has occurred; first observe the trend after the rebound. It is advised not to bottom fish for now, as the current trend does not show an upward movement; this is the first bottom test. If there is another bottom test and it can rebound at the 3200 position, then it can be a good time to add to positions. If it breaks below 3200 and does not quickly rise back, then the target of 3000 will come quickly. Pay attention to the timing of bottom fishing.
$BNB BNB is the abbreviation for Binance Coin, a cryptocurrency launched by Binance, one of the largest cryptocurrency exchanges in the world. It was originally created as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain platform, Binance Chain.
Uses of BNB 1. Trading fee discounts: Using BNB to pay for trading fees on the Binance exchange allows users to enjoy certain discounts. 2. Participation in projects: BNB is often used as a means of payment for purchasing new tokens in the new coin sales (Launchpad) launched by Binance. 3. DeFi applications: In the decentralized finance (DeFi) ecosystem, BNB is widely used for activities like liquidity mining and staking. 4. Payment tool: Some platforms and merchants accept BNB as a method of payment. 5. Burning mechanism: Binance regularly buys back and burns a certain amount of BNB, reducing its circulating supply and thereby increasing its scarcity.
$BNB BNB is short for Binance Coin, a cryptocurrency launched by Binance, one of the world's largest cryptocurrency exchanges. It was originally created based on the Ethereum blockchain (ERC-20 token), but later migrated to Binance's own blockchain platform, Binance Chain.
BNB's uses 1. Transaction fee discounts: Use BNB to pay transaction fees on Binance Exchange to enjoy certain discounts. 2. Participating projects: In the new coin sales (Launchpad) launched by Binance, BNB is often used as a means of payment for purchasing new tokens. 3. DeFi applications: In the decentralized finance (DeFi) ecosystem, BNB is widely used for activities such as liquidity mining and staking. 4. Payment tools: Some platforms and merchants accept BNB as a payment method. 5. Burning mechanism: Binance regularly repurchases and destroys a certain amount of BNB to reduce its circulating supply, thereby increasing scarcity.
#市场调整策略 ASR-VC Indicator 4h Channel Status Update:
The yellow line still has not effectively held above it. Currently, the price has returned to the oscillation channel, which can be considered a minor level of consolidation. However, since the price remains in the upper area of the oscillation channel, the overall trend is still favorable for bulls;
The short-term target for the continued pullback is at the middle track, currently around 96500, while the rebound target for the price is at the yellow line, which is around 101500;
Returning to the idea in the quote, it was originally thought that there would be some resistance near the yellow line, but the judgment was incorrect. After a strong breakout, the price briefly oscillated before a false breakout, indicating that there was significant participation from futures in this process. Both the rise and fall have incentives from the news side, which indirectly suggests that the overall depth of the current market may not be as good as imagined;
What’s next?
First, the 4h channel has begun to turn upwards, so as long as the subsequent pullback does not fall below the middle track, the overall trend theoretically remains favorable for bulls. If the price accidentally breaks below the middle track, the theoretical pullback target will again reach the lower green demand area;
Personally, I believe that either the price should not break the middle track and restore the previous upward oscillation trend, or that this time, after breaking the middle track, it will accelerate downwards and directly breach the green demand area (92000), resulting in a truly deep pullback, at least to 86500, with a maximum limit of 74000, which would be considered a standard retest of the long-term oscillation range of the past 2024;
You bought ETH for 3000 USD, and then it rose to 3500 USD, making you very happy. Next, ETH continued to climb to 4000 USD, and your mood became even better.
But the good times didn't last long, as ETH quickly fell from 4000 USD to 3500 USD, at which point you felt angry and regretted not selling at 4000 USD, because you could have made an extra 500 USD. With the same price of 3500 USD, your mindset was completely different.
ETH still has the potential to rise to 5000 USD, and that has never changed; it's just your mindset that has changed.
If your mindset is not right, there are two possible outcomes:
1. If the upward trend has not ended, you may sell too early next time out of fear of a pullback, missing out on further profits.
2. If the upward trend has ended, you may stubbornly wait for the price to return to the previous high before selling, resulting in a continuous drop in the coin price and a total loss of profits.
Both of these outcomes are undesirable, so it is necessary to adjust your mindset and not always think about selling at the highest point. We should make decisions based on expectations; if we judge that the market will continue, we should hold on and not worry about short-term pullbacks, as prices will rise again after a pullback. If we judge that the market has ended, we should sell decisively and stop hoping for a return to the highest point.
Recently, I have my eye on the potential coin on the Ethereum chain ρꪊρρⅈꫀડ, interested friends can keep an eye on it.
$BTC BTC is the abbreviation for Bitcoin, a decentralized digital currency proposed by Satoshi Nakamoto in 2008 and officially released in 2009. Here are some key points: 1. Decentralization: Bitcoin is based on blockchain technology, operating on a distributed network without a central authority (such as a bank) controlling it. 2. Blockchain Technology: Bitcoin's transaction records are stored in a public, immutable distributed ledger known as the blockchain. 3. Scarcity: The total supply of Bitcoin is capped at 21 million, giving it a scarcity attribute. 4. Uses: • Payments: As a currency, Bitcoin can be used to purchase goods and services. • Investment: Due to its price volatility, many people consider it an investment asset. • Store of Value: Some view Bitcoin as 'digital gold' used to combat inflation. 5. Mining: Bitcoin is generated through 'mining,' a process that uses computational power to solve complex mathematical problems, with successful miners earning newly created Bitcoin as a reward.
The third phase of Megadrop #币安MegadropSOLV is now live, start picking up money!!!
In the previous two phases, the participants BounceBIT and Lista made profits of 30-50U on each order, which basically means giving away money, but beware of the witches, do not log into your Binance account with multiple accounts on one phone.
If you find the article too verbose, please take a look at my visual guide!!!
A pure step-by-step tutorial that even kindergarten kids can understand:
1. Preparation Buy 0.07 BNB on the exchange, keep 0.05 on the exchange, and withdraw 0.02 to the mpc wallet on the BSC chain. Buy BTC greater than 0.00011 on the exchange and withdraw it to the mpc wallet on the BSC chain.
2. Withdrawal Enter your web3 wallet, find the receive option in the upper right corner, choose to receive from Binance, then select BTC, and withdraw an amount greater than 0.0001 BTC on the BSC chain.
3. Locking BNB Find the Megadrop task detail page on the exchange (Home - More - Megadrop) and first lock BNB (minimum 0.05 BNB), see the operation in the image below.
4. Complete web3 activities Recharge 0.0001 BTCB through the BSC chain in the Solv Protocol DApp. In the first step, we have already withdrawn BTC to the map wallet, directly enter the web3 task and select to start immediately, after redirecting, link your wallet, deposit 0.0001 BTC, BNB is required as gas, confirm the operation twice in the wallet, and after success return to the main page for verification.
Note: Do not withdraw the deposited BTC for now; wait until the task ends and the airdrop is distributed before withdrawing.