24/12/01 BTC monthly candlestick shows a large bullish candle; a pullback remains an opportunity to enter, ETH follows up and breaks through 3700.
MicroStrategy founder Michael Saylor cited HODL15Capital data indicating that 60 publicly traded companies worldwide can purchase Bitcoin by issuing stocks.
The total open positions of Ethereum contracts across the entire network have exceeded 24 billion USD, with a 24-hour increase of 5.91%. This week, there was a net outflow of 134 million USD from US Bitcoin spot ETFs, marking the first weekly net outflow in Q4.
Bitcoin
The second touch at 98600 led to a daily decline with continued divergence. Coupled with Ethereum leading the altcoins in pulling liquidity, it’s already quite good if Bitcoin can maintain fluctuations at a high level. We are also waiting for medium to long-term layout opportunities: the first accumulation position is at 85000, the second position is at 80000 for partial operations. As long as it doesn't drop back below 74000, we will remain bullish.
The daily MACD and RSI continue to diverge; the daily chart has not yet fallen below MA20. If there are multiple rebounds that still cannot create new highs or if a new high is a false breakout followed by a drop back, be cautious of downside risks.
The daily trend still leans towards fluctuations; further time is needed at high levels, so be patient and wait.
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Ethereum
The Ethereum market continues to rebound with a monthly amplitude of 53%, and a rise of 43% is also the largest increase in the past six months. It currently faces the possibility of breaking through near the descending trend lines of 4093 and 3980. The daily RSI shows slight breakthrough signs, still having the opportunity to reach 3900 or even 4093.
The inscription sector shows signs of starting: ORDI, SATS, RATS, PIZZA... The storage sector AR and FIL also had good increases yesterday.
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