Mainstream accumulation, clone coins as sacrificial offerings! Will Bitcoin and Ethereum only be left with "stabbing" tonight? Is the Christmas event a "Christmas heist"?

In the past 24 hours, a total of 86,608 people worldwide have been liquidated, with a total liquidation amount of $243 million! Today is Christmas Eve, and tomorrow is Christmas. Major global stock markets will close one after another. With a lack of major players participating, the crypto market will also be very quiet. Everyone is flying, only cryptocurrencies are taking hits! This is not a traditional bear market, but a structural humiliation—mainstream is slowly accumulating, clone coins are being sacrificed, and the crypto world is entering the most anti-human stage.

BTC
BTC closed with upper and lower shadows and a bearish body this morning. In recent days, it has been consolidating with low volume, forming a narrow range of 84,000-90,000. Extreme sideways consolidation can lead to significant volatility. (1) On the 1-hour chart, the price remains within an ascending wedge, which is a bearish pattern, and at least one more wave of accelerated decline is expected to complete this pattern. (2) The pressure zone for BTC is currently between 88,800-90,825. Multiple attempts to break through here have failed, so shorting on rallies is the safest. Especially during daytime rebounds and even more caution is needed at night. (3) Small pin: bottom at 85,085 (1-day Bollinger lower band); Large pin: bottom at 80,666-78,850 (15-day Bollinger lower band).

ETH
Ethereum surged then fell back, with two consecutive small bearish candles, indicating moderate momentum. Short-term support has been broken. After the first drop, there was a rebound, but it failed to stabilize, and now it has fallen again. This segment is likely to continue downward. Support levels are around 2850–2800; once reached, it’s a good entry point for long positions. The overall trend is still likely to test the previous high of 3050 repeatedly, maintaining a sideways pattern.

Tonight's stabbing? With US stock markets closed tomorrow and Christmas Eve tonight, major players usually cause some activity. Christmas Eve often sees market manipulation, so will the crypto market? Considering the recent poor market conditions, don’t hold too much hope. Under a non-bullish background, Christmas often feels more like a “Christmas heist,” with a focus on downward stabbing. The big drop and stabbing after Japan’s rate hike have yet to happen.

SOL
SOL fell to 116.71 last Thursday night but rebounded, reaching a high of only 128.74 before falling back. It has not been able to break through last Thursday’s high of 129.00. The next wave’s high is likely around 129.00, with a low of 112.65–111.25 (after breaking below 120–116.26). If there’s an unexpected surge tonight or tomorrow night, reaching the 130–134 range, then the short-term bottom remains at 116.

$LIT
$LIT loved jumping around last year to harvest, and it started trading again yesterday. After the airdrop is completed, the price could fall to around 2, with multiple buy points at around 2, to catch rebounds! 2.35, 2.05, 1.85. The specific entry points depend on the price after the airdrop.

Binance Life
IP comes with its own universe and traffic halo. On the 17th, the official even prominently pushed in the app: “Spot trading is now available, this is a test coin,” which is basically paving the way for Binance Life to launch spot trading later. Binance Life’s price has dropped from a high of 0.517 to 0.12, experiencing a deep correction and long sideways accumulation. Early profit-taking and weak hands have been mostly shaken out. The bottom now looks solid, and the chip structure is very clean. Before New Year’s Day, Binance is likely to reignite the enthusiasm for BSC and the overall market through Binance Life, and BSC may once again usher in a “golden season”!

ASTER
My view on Aster is that the contract is not worth it; the holding experience isn’t very good. If it’s spot, you can follow Bitcoin’s rhythm and DCA some, as an ALPHA allocation, no problem—time exchanges space. With CZ’s endorsement, it has already outperformed most clone coins from the start.

liquid
Liquid’s concept is similar to snowball, using smart algorithms for market making, and is a competitor to Snowball. Last night, after P came up, the lowest drawdown was over 300,000, entering a consolidation phase. Foreigners on the SOL chain have recently been very fond of this mechanism concept coin, which is a current short-term hot spot. Liquid, in theory, has been cleaned out at a drawdown of over 200,000, and with the Dragon One snowball already in place, the upper limit of Dragon Two is likely to be suppressed. Brothers who don’t want to gamble can wait and see.