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《Argentina paves the way, Dogecoin shows inverse head and shoulders pattern, a 43% increase may open a new chapter in the bull market!》
Dogecoin has been having a tough time lately, with prices dropping 7% over the past week, now trading just a little above $0.13, and another 5% drop in the last 24 hours. The entire cryptocurrency market is in a sell-off, and Dogecoin is suffering as well.
There have been several new developments for Dogecoin recently. 21Shares has submitted a Dogecoin ETF application to the U.S. Securities and Exchange Commission, and the Grayscale Dogecoin Trust has raised over $2.8 million since its listing on the New York Stock Exchange.
Good news has also come from Argentina, allowing citizens to pay taxes with Dogecoin, and Alternative Airlines is accepting Dogecoin for flight bookings. These developments indicate that the application of Dogecoin is expanding and moving in a positive direction.
Analyzing the price trend, the 4-hour chart shows that Dogecoin has an inverse head and shoulders (IHS) pattern, which generally indicates that prices are set to reverse and rise. The IHS pattern has three troughs, with the first and third being relatively shallow, and the second being deeper. Dogecoin is now just a step away from breaking through the resistance level, and once it does, it may start an upward trend.
The latest trading price for Dogecoin is $0.139, with a 0.59% drop in the past 24 hours, encountering resistance around $0.140. If the price continues to be pressured by selling, the support level is around $0.13. If Dogecoin's price can return to $0.140, and bullish sentiment becomes stronger, the next target is $0.20, representing a potential increase of 43% from the current price.
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BlockBeats news, on December 6th, CryptoOnchain posted on social media that the Bitcoin SOPR ratio has dropped to 1.35, the lowest value since early 2024. The Bitcoin price has now retreated to $89,700, indicating that the market's profit situation has fully 'returned to zero'. Those who have held Bitcoin for a long time and made a considerable amount of money are nearing the end of a phase where they sell off to cash out, which means that the selling pressure is likely to be exhausted soon.
From a historical perspective, when market enthusiasm declines and the SOPR ratio drops this low, it often indicates that a local bottom may be emerging. If the market can reverse at this point, it could lay a solid foundation for the next stable upward trend.
BlockBeats further explains that the Bitcoin SOPR Ratio (SOPR ratio) is a fairly advanced indicator in cryptocurrency on-chain analysis. It is derived from the Spent Output Profit Ratio (SOPR) and mainly looks at whether the market is overall more profitable or more loss-making, helping us determine whether we are currently in a bull or bear market. Recently, it has mainly been shared internally; if you want to learn more useful tutorials and trading ideas, join the chat room to unlock more valuable knowledge.
《Seven departments take strong action, air coins and pyramid schemes face heavy blows, ordinary people beware of pitfalls!》
Recently, the China Internet Finance Association and six other departments issued a risk warning, and I think everyone should not scare themselves or be overly anxious.
If you take a serious look at the document's content, the main point is quite clear: it aims to crack down on things that are already illegal, such as air coins, non-compliant stablecoins, illegal RWA issuance, pyramid schemes, and cross-border money laundering.
Looking back at the past situations, in 2013, 2017, 2021, and now this year, each time a risk warning is issued, it coincides with the times when market concepts become too heated, and scammers begin to emerge in clusters.
For us common folks, these types of documents serve as a reminder: just remember one thing: don't get involved in scams, don't buy air coins. Also, don't join cx organizations. The ones who should really be worried are those behind the issuance of air coins, like the π coin specifically mentioned in the document, and those engaged in pyramid-style mining; they are the primary targets of regulatory crackdowns. #加密市场观察
ETH price prediction is off the charts! A well-known expert directly throws out an astonishing prediction of $60,000?
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has recently made astonishing statements, claiming that the price of ETH will soar to $60,000 in 2026! The comments section instantly erupted; that's not all, Wall Street renowned analyst and founder of Fundstrat, Tom Lee, has given an even more jaw-dropping ultimate target price: $62,500! This legendary figure, who accurately predicted the Bitcoin bull market, is now fully optimistic about Ethereum, and netizens have dubbed him the "Prophet," eagerly anticipating more predictions from him. Why are they so boldly predicting this? Because the three major growth drivers for ETH have already emerged: · On a macro level, the Federal Reserve's interest rate cuts are approaching, and a large influx of capital is expected to flow into the crypto market, providing strong support for ETH. · On a technical level, ETH has broken through the BTC exchange rate, signaling that an independent market trend is about to begin, further opening up upward space. · On an ecological level, the expectations for ETFs are heating up, Layer 2 technology is experiencing an explosion, and staking yields are steadily increasing; these three factors together solidify the value foundation of ETH. Kiyosaki also emphasized: Ethereum is the core asset in the smart contract field, and holding it long-term is definitely the right choice. Tom Lee has also stated: The future growth potential of the crypto market is enormous, and ETH will lead this wave of market trends. Now, retail investors’ expectations are even more aggressive than these experts—$60,000 may just be the starting point for ETH's rise. Technical analysis indicates that if ETH can firmly stand above $3,500 on a weekly basis, there will be no significant resistance above, and the upward space will be completely released. On-chain data also shows that a large amount of capital is flowing out of exchanges and into wallets for long-term holding, waiting for ETH's value to explode. Now, from the big shots in traditional finance to seasoned players in the crypto industry, the focus of everyone's attention is no longer whether ETH will rise, but rather how high it can go. While ordinary people are still watching, the big players have quietly set their target prices. So, how much do you think ETH can rise to in 2026? $50,000? $100,000? Or will it directly break through your imagination limits? If you want to delve deep into this circle but can’t find a clue, and want to quickly get started and understand the information gap, you can click on my avatar to follow and receive more first-hand information and in-depth analysis. #ETH走势分析
《ETH 1.73 billion clearing critical point, main force layout, market is about to ignite!》
Let's talk about the clearing situation of ETH. Now the ETH price has broken through 3200 USD, clearing 764 million; if it falls below 3000 USD, long positions will clear 973 million. It is stuck at the critical position of 1.73 billion USD clearing, and any slight imbalance will trigger a major liquidity upheaval, with the main force controlling this wave of market.
Why is ETH oscillating between 3000 and 3200 USD? This is a clearing symmetrical structure, with many shorts above 3200 USD and many longs below 3000 USD. The middle point at 3100 USD is the main force's torture zone, just to see which side's chips are weaker for a better move.
Next, there are two possible scenarios: breaking through 3200 USD, where the scale of short position liquidations will be large, triggering short squeezes, forced buybacks, increased buy orders, and expanded trading volume, the market may take off. This is the ignition point of the main upward wave, currently ETH is less than 100 USD away from this point; if it falls below 3000 USD, the scale of long position liquidations will be even larger, causing reverse selling pressure, withdrawing liquidity, and dragging down altcoins, ETH may drop to 2800 USD or even lower, which is a ruthless move by the main force to accumulate at low prices.
Which side will the main force choose depends on several factors. First, who collapses emotionally first. Currently, the fear index is low, retail investor sentiment is poor, and longs are more fragile; second, the macro environment, with core PCE declining, a high probability of interest rate cuts, and the Federal Reserve's dovish stance, the macro is bullish. After the interest rate cut, ETH is unlikely to drop back to around 2900 USD, and the main force is clear about this; third, the issuance of 10 billion USDC, which greatly increases on-chain liquidity, and the main force generally won't dump to accumulate, but is more likely to blow up shorts upward.
Currently, the market is in a deep accumulation zone. Don't be misled by ETH's sideways movement; L2 development is good, blob fees are skyrocketing, the ETH destruction mechanism will be enhanced, corporate treasuries are incorporating ETH, and related businesses are migrating on-chain. The four lines of technology, value, macro, and funds are converging. The main force sees that above 3200 USD is the fast lane of the trend market, waiting to hook the most fragile chips.
What really should be feared are those who short at 3100 USD and long at 3150 USD, who dare not increase their positions, dare not set stop losses, and are getting more afraid as they wait. They are the targets of the main force's harvesting. The market relies on psychological games, and now everyone's psychological defenses are about to collapse.
In summary, ETH is neither dead nor weak, standing at the critical clearing point of 1.73 billion USD. Once the direction is confirmed, it will be a big trend, not small fluctuations. The main force is waiting for everyone to make mistakes. $ETH #ETH走势分析
December 15, the SEC meets with cryptocurrency privacy giants for a "sword fight on Mount Hua"! Is this cryptocurrency roundtable a heavy-handed regulatory crackdown or an opportunity for innovation to break through?
This meeting can be said to be a cryptocurrency all-star event. Zooko, the founder of Zcash, is the pioneer of privacy coins, Koh, the CEO of Aleo, is an authority on zero-knowledge proofs, and the host is Aleo's global policy director, along with a policy analyst from the American Civil Liberties Union, the CEO of the Blockchain Association, and representatives from a bunch of privacy tech companies.
The core issue they want to discuss is how to balance privacy and regulation. We want to protect transaction privacy, but regulators fear that someone might use privacy coins for money laundering. If this issue is not resolved, the development of privacy coins and similar technologies remains questionable.
Previously, Tornado Cash developers were arrested, and the Samourai wallet team was dealt with; the privacy sector has been under pressure. Now the SEC is proactively holding a meeting, realizing that privacy demand cannot be ignored, but they do not want to fully open up and want to sit down to talk.
For us ordinary people, in the short term, privacy coins (like ZEC, XMR, AZERO) may gain attention before the meeting; it’s a good time to position ourselves; in the long term, there might be opportunities if the privacy sector discussions go well, but it could also go cold if they fall apart.
I believe this is a key step for the cryptocurrency sector to move from underground to the mainstream, and regulators also know they cannot just suppress innovation. We need to closely monitor the meeting, pay attention to the results, and see whether the SEC wants to cooperate or assimilate; it's wise to hold some privacy coins, but don’t go all in, wait for the results to decide.
On December 15, the SEC will have a showdown with cryptocurrency privacy giants. This is not just a struggle between regulation and innovation; it also concerns the future of our wallets, so pay attention! If you are still confused about how to operate? Click on my profile to follow me; guessing is not as good as engaging in the chat room! #美SEC推动加密创新监管
Trump "pressures" the Federal Reserve, 94% chance of interest rate cut in December, a market bonanza begins!
The likelihood of the Federal Reserve cutting interest rates in December is absurdly high, soaring directly to 94%. Once this news broke, stocks, bonds, and the entire market followed suit.
Everyone knows that if the Federal Reserve makes any moves in December, the investment plans for 2025 might have to be completely rewritten.
Trump has directly made strong remarks in the market: If the Federal Reserve doesn’t do the right thing, I will make them do it! Just this one sentence caused the market to explode. Now, the pressure on Federal Reserve Chairman Powell is unprecedented. Every move he makes is being watched by speculators.
Why do we say this December could be recorded in financial history? The speed of money movement in the market is getting faster and faster. Although inflation has dropped a bit, there is still uncertainty about the future. The strong position of the dollar is also beginning to waver. Traders are privately discussing that this could be a trigger. If Powell truly decides to cut rates, the prices of risk assets could skyrocket. The cryptocurrency market would also catch fire.
By then, the entire market might welcome an unprecedented year-end climax. December is not just an ordinary month; it is absolutely the most explosive moment in the financial world this year. In the upcoming layout strategy, let’s aim for profitable opportunities, targeting to double our investment, and join the chat room to plan together.
Musk has gone crazy! SpaceX's $800 billion IPO, what kind of ambitious layout is behind this?
This news is explosive, far surpassing all news in technology, finance, and the crypto circle! SpaceX plans to go public in the second half of next year, with a target valuation soaring to $800 billion, not $80 billion, and not $400 billion, but a solid $800 billion. This means SpaceX is about to become the world's highest-valued private company, leaving behind unlisted unicorns like OpenAI, and closely approaching trillion-dollar giants like Apple and Microsoft. Musk's move is by no means a simple IPO, financing, or cashing out; he aims to reshape the global financial landscape with SpaceX, targeting power rather than stock prices.
Brothers! Quickly check your ETH holdings! Something big is about to happen with Ethereum!
Hello everyone, I'm Yuzhe. This morning, while watching the 1-hour K-line of ETH, I发现了一个关键信号!The MACD indicator has just turned from a death cross to a golden cross, but the price is still falling. Is this just the market makers trying to scare people, or is a trend change really coming? Let me explain.
The news is heavily contested, with the Ethereum Foundation transferring out 1,000 ETH, about 3.12 million dollars. When the market sees that the officials are leaving, the sentiment instantly turns bearish. However, BlackRock's ETHA fund has been aggressively buying ETH for two consecutive weeks, with a total of 222.9 million dollars, contrasting sharply with the outflow of funds from Bitcoin. This large capital is secretly bottom-fishing!
Additionally, BlackRock has deposited a large amount of BTC and ETH into Coinbase, possibly for market-making adjustments or arbitrage. Don't rush to interpret this as a bearish signal. Right now, the mixed messages indicate huge market divergence, and this often precedes a trend change.
On the technical side, ETH is indeed trending down, firmly pressed by 3130. However, the white line and yellow line of the MACD suddenly flipped from a death cross to a golden cross below the zero axis, which technically signals a short-term rebound. But don't get too excited; the strength of the golden cross below the zero axis is usually weak, so don't expect it to soar.
The resistance at 3130 is the first hurdle of the day; only by breaking through it can we possibly touch the pullback pressure at 3270. The support at 3000 is the dividing line between bulls and bears. If it can't hold, the intra-day support at 2850 may not hold either, and even the ultimate rebound bottom at 2670 may have to be seen.
Today, ETH is likely to follow the pattern of rising first, then falling. The MACD golden cross will bring a wave of rebound, testing the strength of 3130. However, if the trading volume doesn't keep up, the price will definitely stumble in the 3130 - 3270 range. The real bottom is around 2670, and if this downward trend doesn't stop, that's where the strong support to bottom out will be.
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