BTC falls below the $108000 mark

Click on the link to enter the meeting: https://meeting.tencent.com/p/9309732027 Instant resistance of $111500- $112000 Bitcoin needs to break through this area to alleviate short-term downward pressure. Among them, $112500 is the more important resistance level. The core resistance zone of $115200- $115600 is the key threshold for confirming a new upward trend, and the 4-hour chart closing line above this zone may stimulate greater buying. The current first line of defense supporting $108800 in the near future. If lost, it may further drop to around $108000 or $106500. The strong support zone of $106500- $107000 gathers the golden ratio line and mining cost support, making it a key fortress for bulls. | Analysis of Key Technical Indicators In addition to key price points, the following technical indicators also provide important clues for judging market momentum: Moving Average System: Currently, Bitcoin is below the 100 hour moving average, but remains above the 200 day simple moving average ($109267). The 200 day moving average is an important lifeline for long-term trends, and holding onto it means that the overall structure has not yet deteriorated. Kinetic energy index: MACD: located below the zero axis, indicating short-term bearish momentum. RSI: In the neutral zone around 50, it indicates that the market is neither overbought nor oversold, leaving room for the next trend. Chart form: There is a clear downward trend line on the hourly chart that forms a suppression around $111500. Meanwhile, the market has formed a convergent oscillation range between $110000 and $117800, which typically triggers intense directional movements when this balance is disrupted. Short term trading strategy reference Overall, the market is at a sensitive point, and you can respond according to different risk preferences: For conservative traders, the best strategy currently may be to be patient and wait. Make sure to go long after breaking through $112500 or $115200 upwards, or consider short selling after falling below $108800 and confirming support failure. For aggressive traders: they can seek low long opportunities near key support levels or take light short positions near resistance levels. Going north "long: If the price retraces to the $107500- $107000 range to gain support, you can consider taking a long position with a stop loss set below $106500 and gradually aiming for $108500- $110000. Going South "Short Selling: If you encounter resistance in the $111500- $112000 range and there are signs of a pullback, you can consider taking a short position with a stop loss set above $112500 and a target of $110000- $108800. Risks that require vigilance Macro variables: The Federal Reserve's interest rate decision and Chairman Powell's speech remain the biggest sources of uncertainty, which could instantly alter market sentiment. Liquidity risk: Recently, the liquidity of the exchange's order book has dropped to about 40% of the normal level. Thin liquidity can amplify price fluctuations, leading to deeper slippage and increasing the difficulty and risk of trading execution. It is essential to set a stop loss: Regardless of the strategy chosen, in the current highly uncertain market environment, strictly setting a stop loss is the key to protecting the principal. The current market is on the eve of a key direction choice. Do you prefer to believe that it will break upwards or fall downwards? Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

African payment service provider Flutterwave (valued at $31 billion) will integrate Polygon's blockchain technology to speed up cross-border payments and reduce costs. The Polygon network will serve as the default underlying architecture for Flutterwave's new stablecoin payment system. The pilot phase will launch this year, prioritizing services for businesses, with plans to expand to consumer remittances by 2026. Flutterwave noted that cross-border payment fees in many African countries average over 8%, with lengthy processing times, impacting business cash flow and growth opportunities.

According to AiCoin's real-time on chain monitoring, at 20:51 (UTC+8) today, the "high win rate whale" continuously placed multiple ETH orders, with a total of 15000 ETH and a value of $57 million. As of press time, the value of its ETH long position is as high as $149 million, with a floating loss of $1.23 million. Whale address: 0xc2a30212a8ddac9e123944d6e29faddce994e5f2

OKX-ETH/USDT is currently trading at $3798.56, with a 5-minute drop of 0.33%. Please be aware of market fluctuations.

[Whale uses 40x leverage to long $107 million BTC, liquidation price only $500 away from current price] On October 30, monitoring data showed that a whale address used 40x leverage to long $107 million worth of BTC, with a liquidation price of $109,000, only $500 away from the current price. Additionally, the address also went long on $20 million worth of TRUMP and $15 million worth of ENA, with liquidation prices close to the current price.