TAO price fluctuation, up 15.16% in 24H, now reported at $572.70

Click to enter the live broadcast room: https://meeting.tencent.com/p/5551765098 Yesterday's market was really a double kill for long and short positions. Actually, according to normal logic, 94800 is the dividing line, but the market is just trying to build a bottom for you. This wave should have a lot of chasing short positions. The big pie weekly line is inserted and then quickly drawn back. In this case, if the weekly line is confiscated, it is important to keep a low profile, because the first weekly line can only be inserted and cannot fall below it the first time. The disgusting point of Gouzhuang is that it sets you at a low level. A skewed moving average is a pattern of an upward trend at 45 ℃, which generally indicates that the trend has not gone bad, and at least two more weeks are needed to determine. Ethereum is currently in a weak bull market, but the possibility of a rebound cannot be ruled out. Yesterday, it quickly returned to the current position of 3550 after inserting 3100. Sometimes the more severe the rebound, the stronger the subsequent rebound Bitcoin operation suggestions: 100800- to 500 empty Defense 11500. Target 96500 Tencent Live Meeting Number: 5551765098 QQ fan group: 982163532 Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.

BlockBeats News, on December 21st, Glassnode posted that "as the cryptocurrency market grows, the retracement of Bitcoin in the bull market uptrend gradually decreases. The deepest retracement in this cycle is -32% (August 5, 2024), while most retracements are only about 25% lower than the previous high, reflecting increased demand for spot ETFs and rising institutional interest

According to on chain analyst Yu Jin's monitoring, Arthur Hayes marked the address to release 9.018 million ENAs, and then recharged 7 million ENAs to Binance, worth $8.47 million

Solana-based bonk (BONK) led growth among dog-themed memes Saturday as bitcoin staged a recovery rally to above $98,000, a day after Friday’s bloodbath that pushed it near $93,000.BONK surged 30%, CoinGecko data shows, with dogecoin (DOGE), shiba inu (SHIB), dogwifhat (WIF) and floki (FLOKI) surging as much as 20%. The dog-themed token category gained 8% on average in the past 24 hours, beating a market-wide jump of 4.5% as tracked by the broad-based CoinDesk 20 (CD20) index.Memecoins are known for their high volatility and tend to outperform major tokens during price rallies, serving as a leveraged bet on the overall crypto market sentiment.However, in this case, fundamentals are helping back gains and sentiment among some memecoins. FLOKI was named alongside ether (ETH) and Avalanche’s AVAX as a utility token in a Commodity Futures Trading Commission (CFTC) meeting last month.The derivatives regulator proposed in a Global Markets Advisory Committee (GMAC) a new class of assets termed utility tokens, which fulfill six criteria that include providing their holder “immediately available, non-incidental consumptive use” in a crypto platform without including “governance and voting abilities.”"FLOKI was recently highlighted by the CFTC's Global Markets Advisory Committee as a case study of a utility token, which is a big deal and validates Floki's utility-first approach,” Floki lead developer B told CoinDesk in a Telegram message. “Floki's Valhalla metaverse game will go live in early Q1 2024, and the recently released Floki Trading Bot has generated over a million dollars in fees.“This puts Floki on an entirely different level from other memecoins, especially when the market turns and people start to pay attention to fundamentals again,” B added.Elsewhere, interest in BONK comes as a host of activities intend to deflate token supply gain traction among users — a move that has historically contributed to higher prices.BonkDAO, a decentralized group of bonk believers that maintain the token, burned 100 billion tokens from the circulating supply in November and targeted a trillion token burn in December. This could increase the token's value due to scarcity.🔥 In just the last 30 days, over 30 BILLION $BONK have been burned across 3,856 wallets, averaging a scorching 1 BILLION daily! Leading the charge are @bonkbot_io and @BonkEarn, setting the standard for burns. And guess what? 1 TRILLION $BONK is about to go up in smoke by… pic.twitter.com/bWkkPd5ISZDecember 20, 2024The feat could meet its target in the weeks ahead, observers say.

According to News.bitcoin, the cryptocurrency market has been unpredictable in recent days, just like the shutdown of US government agencies. There are reports that the US government is about to shut down due to stalled spending negotiations, which historically has affected the market in various ways. Due to the disillusionment of short-term expectations among market participants, Arthur Hayes believes that the cryptocurrency market will experience a "dismal decline" near Trump's inauguration day. However, the cryptocurrency community is holding its breath to watch as Trump's inauguration may trigger a legendary "God Candle" trend (note: God Candle "refers to a significant increase in prices within a day, overshadowing peripheral activity on price charts). This means that the current market downturn is only a temporary calm and is a bear market stage in a larger bull market cycle. If the United States solves the 2025 budget problem and Trump implements multiple Bitcoin focused strategies to encourage the market, Bitcoin may experience a huge recovery. Of course, the real-time price trend of Bitcoin is still unclear at present. It is uncertain whether Trump's inauguration as the President of the United States will usher in the expected prosperity of the cryptocurrency market.