Coinbase sued the SEC, claiming that the SEC illegally controlled digital assets and demanded an explanation from the SEC.

A few days ago, the SEC took action against Coinbase and banned staking and stablecoin related businesses. The latest US regulations will strictly control DeFi and stablecoins, and in the future, it is necessary to avoid intervening in the DeFi ecosystem and stablecoins.

Grayscale has previously sued the SEC because the SEC was slow to approve the BTC ETF and did not give a reason for the rejection, and the case ended up in nothing.

This year, the United States has increased its control efforts layer by layer. Wherever the control is tightened, the place will be ruined. For example, at the beginning of the year, NFT trading volume continued to decline. In the past two days, many NFTs have directly returned to zero. This time it is aimed at DeFi, so we must be careful.

Standard Chartered Bank said that with the Fed's money printing, BTC will rise to $100,000 next year. Many people are optimistic about the market in 2025, believing that the Fed will start massive money printing next year, corresponding to the depreciation of the US dollar, and BTC will break through its historical high.

Visa just said it wants to integrate digital assets and promote public chain and stablecoin payments. As the world's largest payment network, Visa is one of the best landing scenarios for digital assets. It may even create a Visa hotspot, and the public chain ecosystem that cooperates with Visa is expected to become stronger.

BTC：

There are many whale address changes, which play an expected role in the selling pressure of BTC. BTC fell back after the 5-day line, confirming the resistance selling pressure, and the $27172 line below was repeatedly pinned, confirming the box support. With the weakening of long volume, BTC will test the bottom support many times, and then BTC will test $27172.

Resistance: 27658, 27982, 28256

Support levels: 27172, 26932, 26643

ETH：

ETH continues to test the bottom along the 5-day line, and the top of the hourly line continues to decline, indicating that it is facing resistance and selling pressure. The $1815.3 below is the key point of the pin formed in the early morning. Only by standing firmly at $1815.3 can it build a bottom and strengthen, and enter a rebound. Next, ETH will continue to test $1815.3.

Resistance: 1853.6, 1882.7, 1912.5

Support levels: 1815.3, 1784.6, 1755.3

LTC：

LTC is flat on the 5-day line. As the bullish volume weakens, LTC enters a volatile trend. The hourly line has inserted needles several times at $86.3, confirming the bottom support. Only by standing firmly at $86.3 can it bottom out and strengthen, entering a bullish rebound trend. Next, LTC will bottom out and test $86.3.

Resistance: 88.4, 90.2, 92.3

Support levels: 86.3, 84.8, 82.6

DOGE：

DOGE pulled back to the 5-day line, and the hourly line remained flat. With the weakening of long volume, DOGE entered a volatile trend. The $0.077 below is the key support point of the box. Once the volume falls below $0.077, the shorts will increase their selling efforts and will further bottom out and weaken. Next, DOGE will test $0.077.

Resistance: 0.079, 0.081, 0.083

Support levels: 0.077, 0.075, 0.073

IN：

FIL is flat along the 5-day line and faces support from the 200-day line below. The hourly line has a double-pin rebound, confirming the support of $5.16. Only when FIL stands firmly at $5.16 can it bottom out and strengthen, entering a rebound market. Next, FIL will drop to test $5.16.

Resistance: 5.29, 5.43, 5.58

Support levels: 5.16, 4.88, 4.53

Summarize

BTC has entered a volatile trend, with the mainstream consolidating. The market lacks hot spots to lead the rise. Be patient and wait for the mainstream to confirm the bottom before considering intervening.