In the past 24 hours, 80,316 people worldwide have had their accounts liquidated, totaling $223 million! The bulls paused their upward momentum this morning, and a rapid pullback forced market participants to exit. The battle between bulls and bears continues fiercely . The 1-hour chart shows a rebound, correcting indicators, which is a good sign and doesn't affect holding existing positions. A double bottom on the 4-hour chart would present a good entry opportunity!
BTC
BTC closed with a long upper shadow this morning, indicating that the bears have the upper hand in the battle between bulls and bears. After breaking through 90,000 yesterday, it quickly came down, and it is more likely that there will be a pullback here. The rise and fall has formed a resistance zone of 89,000-90,700, which will serve as the main resistance level for the day.
BTC is fluctuating between 9.07 and 8.79. Given the current trend, buying low and selling high remains a viable strategy.
1) The 4-hour support zone of 83700-85400 has been tested three times. A break below this level is likely. A strong support zone is found on the daily chart. Long opportunities exist below 83700.
2) Short at 9.07 with a stop-loss at 9.2, targets at 8.92 and 8.87, and a final position near 8.79; Long at 8.79, add to position at 8.67 with a stop-loss at 8.5, targets at 8.91 and 9.03, and add to long position if 8.94 is broken, with a target near 9.07.
ETH
Last night, ETH saw a large sell order above 3100, causing the attempt to break through to the next level to fail. ETH has now formed a double top (M-pattern), with the neckline at 2970. If ETH breaks below 2970, the ETH pullback will officially begin, targeting 2936-2882. Only a return to above 3017 can prevent ETH from falling further.
This is a normal pullback; watch for buying opportunities in the 2880-2950 range. Resistance levels are 3001-3032-3060; support levels are 2970-2936-2883.
$67
A 30% pullback from $67 could form a three-wave ending wedge, followed by a retracement, and then a breakout above the previous high (red arrow).
$WOJAK
WOJAK hasn't fallen below 20-22M in the past few days. Given the Sol/Base/cooperation background—approval for listing on Coinbase—WOJAK is currently in a relatively strong position and may surge in the future. However, some confirmation of its trend is needed.
WOJAK exhibited a clear sideways consolidation within a 20-30 minute timeframe. This sustained sideways consolidation provided ample time for potential entry points and effectively accumulated liquidity.
The longer the accumulation phase of $WOJAK lasts, the greater the potential for upward movement and the stronger the gains once a breakout occurs.
Hakimi
Hakimi continues its slow, steady upward climb, like a bulldozer. Amidst extreme market exhaustion and being besieged by Sol/Base/Coinbase—and with its approval for Binance spot trading—Hakimi's wedge pattern is now complete, and it will soon choose a direction, in the short term.
Christmas is just around the corner. If a bug occurs on the Chinese platform, the engineers will be on holiday and no one will be able to fix it. Therefore, a Chinese spot trading node might be better after the New Year, bringing good fortune for the new year. Barring unforeseen circumstances, a pullback is expected, followed by a potentially huge surge.
GUA
The AI fortune-telling project just launched with a contract value of 100 million, which isn't too expensive. The big players are actively maintaining the cost of 0.1 USDT. Considering that Alpha has been online for 26 days, the cost of maintaining the coin price is a real expenditure of seven figures. Currently, it looks like it's forming a bottom, and the stop-loss space is relatively narrow, so it's a good time to buy some.
MMT
MMT is expected to rally this week, and now is the time to buy in, with a stop-loss order at 0.19. After falling from a high of 4.4, its current market capitalization is around 44 million. Both the market capitalization and price have corrected sufficiently, and there are signs of a potential rally. Just buy in, set your liquidation price, and wait for the breakout.
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