The buying power is very strong. Although the lows keep moving down, it always bounces back. In a bullish market environment, fluctuations are very normal, and it will quickly rise back. Those who shorted during the main uptrend are losing money and missing out. The more bears there are, the higher it pulls. There is no pressure for the coin traders to break the previous highs; they can pull it up however they want!
Today’s key points to share:
1. On December 4th, the net inflow of Bitcoin in the US was $676 million, marking four consecutive days of single-day net inflow. The net inflow for Ethereum was $132.6 million, with seven days of consistent inflow, confirming a bullish trend.
2. The Solana ETF applications from four institutions will undergo their first SEC review on January 25, 2025. The subsequent hype around Sol should be maintained, and the related ecosystem should be monitored.
3. A large whale purchased 11,257.7 ETH at an average price of $3,560 and sold at $3,649, making a profit of $1 million. The whale is bottom-fishing in the bull market; currently, there are 15 wins and 4 losses.
4. There will be data releases tonight, including ADP and PMI, so be ready to buy the dips.
5. Bitcoin is not going down; it quickly rebounds from dips, showing strong buying power. Even if it goes down, it should once again aim for the previous high of 99,640. You can refer to Ripple’s trading; support levels are at 95,500, 94,170, and defense at 93,600.
6. For Ethereum, the bullish trend can be monitored at these two levels to go long: one around 3,621 and the other around 3,575, with a defense level at 3,538.
7. Friends who maximized profits in the past few years entered the market in October and held on, seeing 3-4 times returns even without trading spot for six months in between.
8. The Trump administration opened IPO listing channels for cryptocurrency companies, and Binance US is expected to be included. Additionally, Binance is preparing to introduce strategic investors, with Abu Dhabi or Dubai potentially joining, leading to a significant rise in BNB.