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For Elon Musk, whose hatred for short-sellers blazes hot enough to reforge Mjölnir a dozen times over, the millions in losses suffered by shorts after the Tesla CEO changed his Twitter bio to "Bitcoin" must make it feel like Christmas and his birthday rolled into one.'Razzlekhan' Drops New Song Before Prison That one word bio caused the price of bitcoin to spike to a 10-day high of $38,020 and sparked $387 million worth of short liquidations on major exchanges including Binance, Bitfinex, BitMEX, ByBit, Deribit, FTX, HuobiDM and OKEx. The crypto market leader is trading at $37,390 at press time, representing a more than 15% gain from the low of $32,000 seen during the European morning session.Today's short liquidation is the largest since Jan. 2, when exchanges closed $575 million worth of shorts, according to data provider Coinalyze.Forced closure of short positions happens when the price moves above a predetermined threshold, signaling the liquidation engine to "square off," or close, the positions. A massive short squeeze like this often puts upward pressure on prices, leading to a bullish move. Market was skewed bearish Data indicates the market was skewed bearish early Monday and some observers were anticipating a price drop, courtesy of increased inflows onto exchanges. However, sentiment turned bullish after Musk changed his Twitter bio and tweeted: "In retrospect, it was inevitable." The Tesla and SpaceX CEO, who has made no secret of his loathing for short-sellers, may not haven intended to have caused the liquidations, but may have popped the cork on a bottle of champagne after viewing the carnage his bio change wrought. To document Elon's ostensible nod to the leading cryptocurrency, F2Pool, currently the largest mining pool by hashrate, embedded the tech mogul's latest tweet in Bitcoin block 668,197. Google searches for "bitcoin," a barometer of widespread interest, surged following Musk's cryptic endorsement of bitcoin. It remains to be seen if increased interest translates into more buying and stronger price gains.

Another chaotic weekend, $BTC at its stability point, $ETH also waiting for the major coin to take off. The dog coins are crouching without barking, $PEPE wanting to make a big leap but still gaining momentum, and $XRP has us in suspense if it exceeds its breaking point or remains stable for another few years.

$BTC The upcoming week will see the release of significant economic data from the United States, including the Producer Price Index (PPI), Consumer Price Index (CPI), and retail sales figures, often referred to as 'scary data.' These releases are anticipated to influence market volatility. On Tuesday at 00:00 UTC+8, the New York Federal Reserve's one-year inflation expectations for December will be announced. Later that day, at 21:30 UTC+8, the U.S. December PPI data will be released, followed by a speech from Kansas City Fed President and 2025 FOMC voting member, Esther George, at 23:00 UTC+8. Wednesday's schedule includes an opening address by New York Fed President and permanent FOMC voting member, John Williams, at 04:00 UTC+8. At 21:00 UTC+8, Richmond Fed President and 2027 FOMC voting member, Thomas Barkin, will deliver a speech. The U.S. December CPI data and January New York Fed Manufacturing Index will be released at 21:30 UTC+8. Additionally, Minneapolis Fed President and 2026 FOMC voting member, Neel Kashkari, will participate in an online regional economic conference at 23:00 UTC+8. On Thursday, John Williams will speak again at 00:00 UTC+8, followed by a speech from Chicago Fed President and 2025 FOMC voting member, Austan Goolsbee, at 01:00 UTC+8. The Federal Reserve's Beige Book, detailing economic conditions, will be published at 03:00 UTC+8. At 21:30 UTC+8, data on initial jobless claims for the week ending January 11 and the December retail sales monthly rate will be released. The Federal Reserve's shift to a more cautious stance has been influenced by encouraging signs in the November CPI report, indicating a slowdown in price increases for housing and broader service categories, which are major contributors to inflation persistence. This suggests the potential for a downward surprise in the CPI data scheduled for release next Wednesday. However, any significant deceleration is more likely to occur in the early months of 2025 rather than in the December CPI data from last year. Before the CPI data release, investors will focus on the U.S. December PPI data set to be announced on Tuesday, while Thursday's attention will be on the retail sales data, known for its significant market impact.$BTC

Today's Market Update for $MTOS Current Price: MTOS is trading steadily at $0.010 on Bitget, showing minimal fluctuations over the past 24 hours. Support and Resistance: Key support remains at $0.009, holding firm despite market pressure. Resistance stands at $0.012, with buyers struggling to break through this level. Market Sentiment: The overall sentiment is cautious, with traders awaiting significant updates or announcements from the MomoAI ecosystem. Volume: Trading activity remains moderate, reflecting steady interest but a lack of major volatility. Outlook: Consolidation is likely to continue unless new catalysts emerge to push the price above resistance or below support levels. MTOS’s performance today reflects stability, with a balanced outlook for short-term trading opportunities.

MTOS Support and Resistance Levels Short-Term Levels (Next 1-7 Days) Support $0.009: A key short-term support level, as indicated by recent price consolidation. If this level holds, it could prevent further decline. $0.008: A psychological support level that could act as a fallback if $0.009 is broken. Resistance $0.012: The nearest short-term resistance. Breaking above this level might signal a recovery. $0.015: A significant hurdle as the price has struggled to sustain above this point in recent days. Mid-Term Levels (1 Week to 1 Month) Support $0.007: A mid-term support level, critical for maintaining bullish sentiment in the medium term. $0.005: If bearish momentum continues, this level could act as a strong mid-term support. Resistance $0.020: A major mid-term resistance level, reflecting potential recovery momentum driven by increased trading activity or announcements. $0.030: A bullish breakout could push prices toward this level, signaling renewed investor confidence. Long-Term Levels (1 Month to 6 Months) Support $0.004: A long-term support level, which would be crucial to prevent further declines and maintain overall project credibility. $0.002: The ultimate fallback support in a prolonged bearish market. Resistance $0.050: A critical long-term resistance level, reflecting the initial trading price and potential for price recovery with sustained adoption and utility. $0.100: A key psychological resistance level that could be reached if $MTOS achieves widespread adoption and utility in the MomoAI ecosystem. Conclusion Short-Term: Consolidation near $0.009-$0.012 is expected; breaking $0.012 could trigger short-term bullish sentiment. Mid-Term: Focus remains on breaking $0.020, with $0.007 being a crucial support to watch. Long-Term: $MTOS’s ability to reclaim $0.050 or higher depends on continued ecosystem growth, adoption, and market sentiment. Investors should monitor market activity and announcements from MomoAI for potential catalysts that could influence these levels.