On December 17, Bitcoin reached a new high, but altcoins still did not show significant signs of following suit.
Yesterday's Review
BTC: Yesterday's lowest point was 103264, highest point was 107777, with a fluctuation of 4512 and an amplitude of 4.3%.
ETH: Yesterday's lowest point was 3882, highest point was 4110, with a fluctuation of 228 and an amplitude of 5.9%.
Today's Analysis
BTC: The current Bitcoin price is 106400, briefly breaking the new high at 107700 early this morning, then slightly retreated, but the decrease was not significant, and the probability of continuing to rise has increased. The resistance above is at 109800, and short-term support is at 104500.
ETH: The current price is 4021. With the rise of Bitcoin, ETH has also moved up slightly, but altcoins have not significantly followed. This is mainly due to the impact of ETF capital inflows; altcoins may only start to move once the ETF market stabilizes. Short-term resistance is at 4093, and support is at 3948.
Summary
ETF funds continue to flow in, but the inflow amount is relatively small and mainly concentrated in mainstream coins like Bitcoin and Ethereum, while altcoins are performing relatively weakly. Most altcoins are at support crossover positions, and market sentiment remains unstable.
Therefore, it is advised not to take full positions. If the market experiences a significant pullback, a full position may face considerable risk, and without opportunities to add to the position at the bottom, it may lead to a 'road to recovery'.
