Dear MEXC Affiliates,

📣MEXC New Futures M-Day will Launch Futures Bonus $50,000 Trading Round at 06:00, Jan 3(UTC)

⏰Ticket-claim time: 06:00, Jan 3, 2023 - 06:00, Jan 4, 2023 (UTC)

👇🏻How to participate:
Users who trade the USDT-M futures on MEXC prior to the end of the ticket-claim time with minimum futures trading volumes of 10,000 USDT will be eligible for the lucky draw. The larger the trading volume, the more tickets the user can claim.

🔍 signup.asia/mexc

ETH DAILY UPDATE:- ETH is trading inside a symmetrical triangle in the daily time frame frame. Currently, it is hovering around $1200 level. We have a strong support in the range of $1100-$1200 level. As long as ETH holds this support we can expect an upside rally.

Breaks and close below $1100 in daily time frame will be bad for market. But as long as it above the support we can expect some bullish rally in the month of January.

Stay tuned and pin our channel at the top for regular updates.

bitmart.tech

Check out the New Listing in December! 💰

What new coins did you trade on CoinEx in December? 🤔

1️⃣ $ACX
2️⃣ $XEN
3️⃣ $HOOK
4️⃣ $FOLD
5️⃣ $AGIX
6️⃣ $STARS
7️⃣ $SDAO
8️⃣ $GEAR

See new listing 👉 www.signup.asia/coinex

#CoinEx #CryptoTrading #CryptoMarket #TokenListing

New Listing on #Huobi

$BONK signup.asia/ht

Between 10% and 51% of employees fired crypto companies in 2022 🥶

Mass layoffs in the crypto industry have two reasons:
▪️ The bear market led to a decrease in trading volumes and, as a result, a drop in income.
▪️ Loss of trust in centralized companies as a result of restrictions and the collapse of FTX.

For the first 3-6 months of 2023, there is a high probability that the trend towards cost reduction in crypto companies will continue.

BTC Quick Take:

🔸Bitcoin has been in a sideways trend since its drop in November 2021. The key levels to watch are still 18k for resistance and 15k for support.
🔸Another important level to consider is the EMA100 which serves as its Daily chart dynamic resistance.
🔸Currently, the price is flat and it appears that there is not much demand in the market. If there is a shift in volatility, it is likely that the price will either test the lower range again or try to reach the upper range

📖Quick Technical Analysis Education

Ranging Market

✅A ranging market is a market structure where the prices move back and forth between a price range of a high price level and a low-price level.
✅The highest price level is formed with a resistance line, whereas the lowest price level is formed with a support line.
✅Traders depend on these lines to place ideal entry or exit orders in the market.

BTC Weekly Realized Price

🔸$BTC is currently trading around its average cost basis. If there is a confirmed break above this level, it could lead to a bullish run.

Until then, it seems to be in accumulation mode.

📖Quick Technical Analysis Education

Double Bottom

🔸A double bottom is a pattern creates a W-shaped movement. It indicates that after two lows, there will be a significant increase in price after a confirmed breakout on its neckline.
🔸This is also called a reversal pattern from downtrend to uptrend

📝Simple steps to Identify double bottom:

✅Identify the two distinct bottoms of similar width and height
✅Distance between bottoms should not be too small - time frame dependent
✅Confirm neckline/resistance price level

📖Quick Technical Analysis Education

MA200

✅The 200-day Moving Average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days.
✅It is used as dynamic support and resistance of an asset.
🔴Below MA200= The sentiment is bearish
🟢Above MA200=The sentiment is Bullish