BTC, ETH, SOL Plummet in Flash Crash - Major Volatility Tonight?
In the past 24 hours, 155,150 traders were liquidated, with total liquidations reaching $564 million. The recent higher-than-expected CPI data, rising unemployment, and cooling inflation have increased expectations for a 2026 rate cut. Today’s key event is the Bank of Japan’s interest rate decision, which may trigger further market volatility.
Bitcoin (BTC) faced resistance around $89,000–91,000 and fell, breaking below the December 16 low. It remains in a downward trend with limited downside, and key support levels are at $83,800 and $80,600. Resistance is near $87,800–90,500. Traders are advised to short on rallies rather than chase the downside.
Ethereum (ETH) shows a bearish death cross on the daily chart and remains in a downtrend. It has broken short-term support, but a bounce from the $2,800–2,830 zone is possible, targeting $2,930–2,960.
Altcoins are weak with low volume. Some have stabilized at key supports, suggesting most retail sellers have exited. SOL dipped to $116.71 overnight and may rebound toward $124 before potentially retesting $112.
New tokens like UDOG (a Binance stablecoin-related meme) and RTX (a Solana DEX with initial market cap of $20M) are mentioned, but caution is advised due to limited airdrop transparency and mediocre fundamentals.
The overall strategy remains buying deep dips rather than chasing sell-offs, with major volatility expected around macro events.
金色财经12/19 08:01
