12.01: Weekend Evening Market Overview:

BTC has once again experienced high-level fluctuations during the day. For BTC to break new highs and exceed 100K, there must be a favorable push, either from next Thursday's unemployment data or Friday's announcement of November's non-farm payroll data affecting the December interest rate cut. Therefore, we will closely monitor these two data releases next week. If these two data points do not change much from the previous values, it is likely that we will see continued fluctuations and a downward trend next week. Currently, BTC support levels are 96363 and 95830, with resistance at 97531 and 98010.

The market share of BTC has dropped from 61.44% to 56.19%. This week, BTC's ETF also saw a net outflow of 134 million USD, marking the first net outflow in Q4. In contrast, Ethereum's ETF had a net inflow of 333 million USD yesterday, setting a new historical high. The liquidity of BTC is gradually flowing into altcoins, naturally first reaching ETH and then spreading to various altcoin sectors, ultimately leading to a bullish peak with many coins rising together; ETH currently has support at 3659, 3634, and 3609, with resistance at 3727, 3749, and 3780.

Since the victory of nation-building, a few days ago the SEC chairman announced his resignation effective January 20, and the SEC is also preparing to withdraw its lawsuit against XRP; at the same time, various institutions are resuming their ETF applications for XRP. Additionally, yesterday, New York regulators approved XRP to issue stablecoins to be implemented on December 14; this series of favorable developments has driven the long-established coin from 0.4 to 1.96, breaking its historical high, and it has quintupled in just half a month. At the same time, the market has surpassed BNB to become the fifth-largest cryptocurrency, with XRP's momentum this week surpassing SOL, siphoning liquidity away from SOL, causing it to hesitate around the 240 position. Short-term support is seen at 1.75, 1.69, and 1.63, with target resistance at 2.05, 2.11, and 2.17.

In the last 24 hours, there were over 214 million liquidations on long positions and 123 million on short positions, primarily affecting long positions. From the liquidation map, the short positions between 97293-98041 are concentrated in a high leverage zone; the long positions between 96137-95457 are also concentrated in a high leverage zone. Based on the concentrated distribution of chips, the dealer is more inclined to explode short positions to the right.

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