Pump and Dump? Bitcoin and Ethereum Long-Short Squeeze, Direction to Be Decided Tonight! Best Time to Layout Altcoins: ZEC, FARTCOIN, TON Back to $8?
The cryptocurrency market is currently experiencing high volatility with significant liquidations, as Bitcoin and Ethereum remain in key consolidation zones. Over $204 million was liquidated in 24 hours, affecting over 87,000 traders.
Bitcoin has been trading sideways since November 21st around $80,600, with a tightening Bollinger Band suggesting an imminent breakout. A move above $92,600 could signal a rally toward $94,185 and $96,012, while a drop below $87,600 may lead to a decline below $80,600. Post-Fed rate decision volatility is expected, and a "sell the news" scenario is possible.
Ethereum continues to trade within a large range between $4,146 and $3,011. Key resistance lies at $3,138 and $3,260, while support levels are $3,050, $2,980, and $2,900. A bounce from $3,050–$3,020 could present a buying opportunity.
The article emphasizes that fundamentals drive long-term trends, while technicals reflect market sentiment. Messaging and news only cause short-term fluctuations. Examples like SUI and HYPE show steady growth, whereas TON struggles despite positive news due to underlying issues.
Several risky tokens have recently been listed, often a sign of low liquidity and potential market manipulation. Traders should be cautious.
Two altcoins are highlighted: ZEC, which saw a 20% pump and is now above $400—consider taking partial gains; and FARTCOIN, which presents a buying opportunity in the $0.36–0.38 range with a stop loss at $0.342, targeting $0.55 upon breaking $0.42.
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