12.10 Today's Market: Why the Rise? BTC\SOL\ETH\BNB\AAVE\DASH\SYRUP\Mubarakah Operation Analysis
Crypto Market Analysis - December 10:
In the past 24 hours, 115,623 traders were liquidated, totaling $432 million, with the largest single liquidation on HTX's BTC-USDT at $23.99 million. Market sentiment appears stable with lower turnover, suggesting investors are awaiting key events like the upcoming Fed and BOJ interest rate decisions.
Key technical levels:
- **BTC**: Support at 91,400–90,300; breakdown may test 88,700 or 86,800. Holding above 94,200 could push toward 95,000–96,200.
- **SOL**: Support at 133.4; break may target 129.7 or 125.3. Resistance at 141.7, with upside to 146–148 if held.
- **ETH**: Resistance at 3,375; above that targets 3,444. Support at 3,150, with potential dips to 3,010 or 2,960.
- **BNB**: Key level at 887; holding may lead to rebound toward 905–926. Failure to hold 898 may see a drop to 878, 870, or 857.
The article emphasizes long-term value investing over short-term technical signals, citing assets like BTC, ETH, and BNB as fundamentally strong. SYRUP protocol is noted for strong fundamentals with $2.2B in deposits and consistent inflows. ZEC is up over 20%, with advice to take profits. DASH shows a bullish head-and-shoulders pattern, potentially targeting 64 if it breaks 53.86. AAVE remains a DeFi leader with over $10B TVL, highlighting its strong moat. A hack involving He Yi’s WeChat promoting Mubarakah led to a pump-and-dump, netting millions.
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