Currently, Bitcoin is in a situation where, although it hasn't dropped sharply, it hasn't fully stabilized yet and is still slowly sliding down. The good news is that people are not as panicked now, and there are fewer sellers. However, one still needs to be cautious; if Bitcoin suddenly experiences a sharp drop, altcoins might suffer as well. Of course, this is just my personal opinion; when it comes to investing, you have to make your own decisions.
I estimate that Bitcoin might fluctuate between 94,000 and 98,000. It seems that people are not as scared now; if Bitcoin really drops below 90,000, it could be a good time to accumulate. Generally, a sharp decline in a bull market lasts about 7 to 11 days, and it looks like the timing is about right.
Let's talk about $BNB again, it might fluctuate between 650 and 700. The rebound is quite strong, which may be related to Zhao 4's frequent activity on Twitter. Now another Launchpool project has been announced, and if a loyalty airdrop reward is released during the Christmas days, BNB might just rise!
As for Ethereum $ETH , it is also fluctuating between 3,200 and 3,500, similar to Bitcoin, still slowly sliding down. However, the likelihood of a significant drop should be low now.
Some important news:
1. According to Santiment analysis, the sentiment in the crypto market has rapidly shifted from bullish to bearish in the past two weeks, especially after the market cap adjustment (particularly altcoins). Investor interest in Meme coins has significantly decreased, while attention on Bitcoin has risen again.
2. Matrixport states that the rebound strength of Ethereum and other altcoins is limited, making it difficult to sustain a rise, while Bitcoin still firmly holds the market dominance.
3. Ki Young Ju, founder and CEO of CryptoQuant, released data stating: 'The combined Bitcoin holdings of ETFs, various governments, and MicroStrategy now account for 31% of the known Bitcoin holdings.'
4. The net inflow for Ethereum spot ETF last week was 62.73 million USD. In the past 7 days, a suspected address of Sun Yuchen redeemed 39,999 ETH (143 million USD) from Lido Finance and Etherfi, and then all deposited into HTX.
Back to today's daily $BTC market analysis, looking at the candlestick chart, the 1-hour level is about to decline, the 4-hour level is weak, the 12-hour level is down, and the daily level is down, with an intraday resistance level of 96,500 and a support level of 91,000 USD. #币安LaunchpoolBIO #比特币市场波动观察 #圣诞行情分析
