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⏰ Event Duration: Dec 03, 02:00 - Dec 23, 00:00 (UTC)
Details: https://www.gate.io/announcements/article/41257
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Overnight, US stocks closed early, with the Dow Jones rising 192 points, the S&P 500 rising 0.57%, and the Nasdaq rising 0.83%. The linkage of the US stock market also showed a strong rise in each zone. It is obvious that the prominent currencies in the AltCoin zone are concentrated in the meme series, which has been in a pullback for a long time, and the currencies with expectations of Spot ETF approval. The currencies in the AI artificial intelligence zone are also showing a trend of increasing strength. The prominent currencies in the meme zone are ACT, PNUT, hippo moodeng, and neiro. As the market enters the weekend zone, the adjustment of the overall market will provide space for the rise of AltCoin!
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The market on Friday evening was as usual, with the US stock market opening with a unilateral rise or pullback, followed by a recovery in the early morning. The market followed a similar pattern. The rebound reached a high of 98630, but failed to stabilize and quickly fell back. The overall trend formed an obvious wide-ranging volatile trend, with the rhythm of whipsaw between long and short positions. There may be adjustment pressure in the short term, and the current high-pressure position is still effective. The focus now is whether there is potential consolidation at the high level. In the short term, pay attention to the breakthrough of the range between 98800-99500. If it fails to break through and stabilize effectively, the market will continue to oscillate within the range. From the current structure, after the 4-hour chart showed a high long wick candle in the evening and continued to pull back, the oscillation range moved up. Currently, the candlestick has turned negative and is pulling back, indicating that the market is likely to have a further pullback, bringing the price oscillation range back to the range of intraday trading hours. Today, pay attention to the breakthrough around 95000. Only when it breaks during the day, there will be a wave of downward oscillation over the weekend, and then the counter-trend short can be taken. Otherwise, pay attention to the market pushing up to a new high again. Therefore, the current price can be observed.
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Ether yesterday shrank around the 3600 mark and moved sideways throughout the day, gathering momentum. After-hours, following the trend of the US stock market, it tested the upward movement to 3650 but failed to stabilize and quickly fell back. The lowest retracement reached the 3560 mark before rebounding to the 3600 range, oscillating. Ether is currently in an upward trend, with the daily candlestick forming a continuous upward rebound, visibly pushing the lower point higher. The short-term trend is relatively strong, with consecutive upward rebounds in the daily candlestick, indicating a continuation of the trend. The 4-hour chart shows a slow consolidation pattern, with the midline still serving as effective support, and the comparison is testing the upper pressure. The hourly chart exhibits a strong one-sided upward trend, with each retracement stopping at the midline, which acts as a lifeline for short-term long positions. Usually, in the slow rising market of small positive candlesticks, it's hard to say that the peak is in sight without a rapid increase in volume, and the short term will maintain this slow rising and meandering pace.