🚀The cryptocurrency market rose 2.9% in the past 24 hours, reversing the previous 30-day downtrend (-10.44%) and continuing the moderate upward trend of the past 7 days (+2.13%). Key factors:
1. Fed Rate Cut Expectations – Investors anticipated a 25-basis-point rate cut by the Federal Reserve ahead of today's Federal Open Market Committee (FOMC) meeting, which supported risk assets.
2. Short squeeze – Bitcoin short positions were liquidated (up 341% compared to the previous 24 hours), accelerating Bitcoin's upward trend.
3. The token surged due to the dominant position of exchanges and news of cooperation with BNB Chain.
4. Layer 1 Breakout – Ethereum (up 8.88% for the week) and Solana’s EVM sidechain boosted cross-chain optimism.
💥Margin call alert:
In the past 24 hours, a total of 112,592 people across the internet have been liquidated, with a total of $420 million. Among them, long positions suffered a bloodbath ($109 million), and short positions were not spared either ($311 million).
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 92,485, up 2.65% in the last 24 hours.
Today's key level is 91900. If it holds above this level within 1-2 hours, the market can continue its upward momentum. The next resistance levels are: 93500 (minor resistance), 94530, 96450, and 98160, one step at a time!
If the price breaks below 91900 within 1-2 hours, a pullback is expected. The support levels to watch are 90700 (minor support), 89360, 87700, and 86230. Don't try to hold on!
2. Ethereum (ETH): Price around 3319, up 6.57% in the last 24 hours.
Ethereum Core is watching the 3285 level. If it retraces for 1-2 hours and holds, it will continue to rise. The resistance levels above are 3342 (minor resistance), 3397, 3451, and 3510. Take your time to gauge the pace of the breakout!
Once the price falls below 3285, a pullback will begin. The next support levels to watch are 3244, 3200, and 3151. Only if these levels hold can the price be considered stable!
3. BNB: Price around 893, up 0.47% in the last 24 hours.
Whether BNB can rebound today depends entirely on whether it can hold above 887. Only if it stays above 887 on the 2-4 hour chart can the rebound be considered to have officially started. The next resistance levels are 905, 913, and 926!
However, if the closing price in 2-4 hours fails to reach 898, it will likely continue to decline. The first support level to watch is 887 (minor support), followed by 878, 870, and 857. Keep your risk management in mind, brothers!
4. SOL: Price approximately 139, up 5.23% in 24 hours.
SOL's 136 level is today's lifeline. If it holds firm for 1-2 hours, it should continue to rise. The resistance levels are 141 (minor resistance), 144, 148, and 152. Keep track of the timing!
If it falls below 136, a pullback is coming. The support levels below are 132, 128, and 126. Only if it stabilizes can there be further developments!
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $3.16 trillion, and the total trading volume in the past 24 hours is approximately $147.31 billion.
The current market sentiment is 25 (fear), slightly bearish, mainly due to easing panic, high leverage, and macroeconomic uncertainty, leading to cautious portfolio adjustments. However, Bitcoin accounts for 58.5% of the BTC, while the Altcoin index is only 18/100, indicating a clear risk aversion. Pay close attention to the Fed's interest rate decision on December 10th: a dovish stance could trigger a short squeeze towards 95,000; a hawkish stance could put BTC at risk of breaking below the 87,000 support level.
Today's Crypto Gainers and Losers List 🔥
📈Top 3 Gainers :
1.G: Price $0.00671, up 38% in 24 hours.
2. AXL: Price $0.1355, up 24% in 24 hours.
3. LUNA: Price $0.1516, up 24% in 24 hours.
📉Top 3 stocks with the largest declines :
1. ALLO: Price $0.1566, down 15% in 24 hours.
2. RDNT: Price $0.01158, down 13% in 24 hours.
3. Win: Price $0.00004165, down 8% in 24 hours.
✨Performance of other major cryptocurrencies :
Dogecoin (DOGE): Price $0.14696, up 5.01% in the last 24 hours.
Tron (TRX): Price $0.2799, down 0.30% in the last 24 hours.
Cardano (ADA): Price $0.4642, up 8.38% in the last 24 hours.
Hyperliquid (HYPE): Price $28.985, up 4.18% in the last 24 hours.
Avalanche (AVAX): Price $14.62, up 7.51% in the last 24 hours.
Stellar (XLM): Price $0.2521, up 5.75% in the last 24 hours.
Sui (SUI): Price $1.6397, up 3.71% in 24 hours.
Chainlink (LINK): Price $14.19, up 3.73% in the last 24 hours.
Hedera (HBAR): Price $0.13705, up 2.96% in the last 24 hours.
Bitcoin Cash (BCH): Price $566.5, down 1.05% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000861, up 1.65% in the last 24 hours.
Litecoin (LTC): Price $84.50, up 1.92% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000479, up 4.58% in the last 24 hours.
Toncoin (TON): Price $1.645, up 1.92% in the last 24 hours.
