Market Overview:
Bitcoin remains the standout performer, while other cryptocurrencies are underperforming, and market sentiment is caught in a dilemma. The overall market has slightly corrected, with mainstream cryptocurrencies facing increased pressure, and the altcoin market has seen new tricks, escalating risks. Currently, the main stage of the bull market belongs to Bitcoin; retail investors should not be overly optimistic and must remain rational.
Today's Key Summary:
1.
#BTC☀ (Bitcoin)
- A top divergence has appeared on the daily chart, showing clear signs of a temporary peak.
- The smaller timeframe remains strong, with key support at **103333**, which is an important defense line for bulls.
2.
#ETH🔥🔥🔥🔥 (Ethereum)
- Funds are poised to enter, with significant capital flowing into the market.
- Order strategy: Buy within the range of 2943 to 2913, and it is recommended to maintain a position of 55%.
- Key defensive line: 3884.
- Observational data: 104 whale wallets hold a total of over 100,000 ETH, accounting for 57.35% of the total supply.
- High success rate strategy for whales: Sell BTC, buy ETH.
3.
$SOL (Solana)
- Weak performance, facing significant unlocking sell pressure in the coming months, especially starting from December 18th, where 0.01% of the total amount will be unlocked daily; caution is advised in the short term.
4.
#市场动态 and Macroeconomics:
- The Federal Reserve will announce its interest rate decision on December 18th, and the market is highly focused on this.
- Bitcoin continues to consolidate, with funds gradually flowing to Ethereum, and ETH's rebound will be a key signal for altcoins to start moving.
- The FTX repayment plan will commence on January 3, 2024, with the first batch of repayments to be completed within 60 days.
- MicroStrategy has confirmed its inclusion in the Nasdaq 100 index on December 23, 2024.
Market Summary:
Although Bitcoin's momentum has slowed, it still holds a dominant position. The movement of funds in ETH is worth close attention, as it may usher in a new round of rebound trends. In the short term, the market still needs to pay attention to key support and correction pressures, and maintain caution in operations, avoiding blind chasing of highs.