25.01.01 New Year's First Day Morning Market Overview:

Another new year, looking back at the past and looking forward to the future! Wishing everyone a happy New Year's Day, may the Year of the Snake bring great fortune, assets double, and may you be able to buy tenfold or hundredfold high-quality strong coins in the new year.

$BTC Bitcoin had three strong bullish candles yesterday afternoon, briefly pushing up to 96250, but then fell again after the US stock market opened; currently, Bitcoin is fluctuating repeatedly within the 92520-95572 range, testing people's patience. Based on the trend, it is oscillating within a narrowing triangle; if it breaks through the resonance point, it is still possible to touch the 98K resistance level; conversely, if it touches the resistance line, it will immediately fall back or stage a false breakout and continue to decline, but the oscillation range is getting smaller, with great hope of breaking through resistance to touch 98K. The intraday support is at 93333, with resistance at 92540, 94812, and 95151.

Yesterday, the net inflow of Bitcoin ETFs was 310 contracts; as of yesterday, BlackRock has accumulated a net inflow of 37.2 billion USD in 2024, firmly holding the top spot among institutions, Fidelity is second with a net inflow of 11.7 billion, Ark is third with an inflow of 2.5 billion USD, while Grayscale has fallen out of the top five; in the last 24 hours, there was a liquidation of 233 million USD across the network, with long positions at 135 million and short positions at 98 million.

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