On December 17th, Bitcoin reached a new high again, but altcoins still showed no significant signs of following suit.

Yesterday's Review

BTC: Lowest point yesterday was 103264, highest point was 107777, with a fluctuation of 4512 and an amplitude of 4.3%.

ETH: Lowest point yesterday was 3882, highest point was 4110, with a fluctuation of 228 and an amplitude of 5.9%.

Today's Analysis

BTC: The current price of Bitcoin is 106400, which briefly broke a new high at 107700 in the early morning, then retreated slightly, but the decline was not significant, increasing the probability of further price increase. 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 gone up, but altcoins have not shown significant gains. This is mainly due to the impact of ETF fund inflows; altcoins are likely to start moving only after the ETF market stabilizes. Short-term resistance is at 4093, and support level is at 3948.

Summary

ETF funds continue to flow in, but the inflow amount is relatively small and mainly concentrated in mainstream currencies such as Bitcoin and Ethereum, while altcoins are performing weakly. Most altcoins are at positions of support crossover, and market sentiment remains unstable.

Therefore, it is recommended not to take full position operations; if the market experiences a significant pullback, being fully invested may face considerable risk, and without opportunities to add positions at the bottom, one may enter a 'road to recovery'.

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