Strategist's Market Analysis: (150 periods)
Looking at the clearing chart: it has always been upward clearing. I mentioned last night that the drop of 100,500 the day before yesterday felt like a crash, aiming to entice you to short. In a bull market, short selling is one of the important factors for rising prices. From the clearing chart, it seems we are heading upwards near 108,000, where short liquidity will be exhausted.
Downwards, there are huge amounts of liquidity at 104,000/102,200/100,000 all the way down to 96,000, which are all preparing for entry. When the time comes, we might see a massive wave of profits taken away.
Recently, there has been no unilateral market trend, just fluctuations up and down, so you must reduce your leverage a bit. It often happens that the price doesn't change but your position is gone!
BTC Market Analysis: The chart shows we are nearing the top of the fluctuating range, indicating that a pullback is imminent. Currently, another wave of shorts seems to have entered, predicting another upward push to liquidate the shorts before starting to turn downward. Based on the observed bottom, we are looking at 96,000/97,000, and there is little chance of deeper fluctuations, so be cautious about risks.
Bitcoin ETF: Week 49 Net Inflow: $2.177 billion
BlackRock inflow: $1.524 billion, acquiring 15,185 Bitcoins at an average price of $100,362
In the first half of December, inflows reached $4.9 billion
So far, the total inflow for the fourth quarter has been $17 billion (200,000 Bitcoins).
Bitcoin is controlled by the BlackRock ETF; since the rise on November 6, there has hardly been a substantial drop, only short-term declines to liquidate long positions. Undoubtedly, Bitcoin is being continuously bought, with circulation decreasing, and strategic reserves are genuinely ongoing.
Ethereum ETF: This week, Ethereum net inflow was $855.6 million, acquiring 225,381 ETH
BlackRock purchased $522.4 million for 136,448 Ethereum at an average price of $3,828
The current state of Ethereum is similar to Bitcoin's sprint phase after 73,000, with prices below 3,000 being a chance to buy in. Once prices exceed 3,000, ETFs begin to buy in earnest. Adjustments aside, there is still a lot of room for upward movement, with 7,000/8,000 and even 10,000 being possible. I mentioned last night that there will be one more opportunity to enter Ethereum in the coming month, with target prices at 3,500/3,250/3,000 for everyone to seize.
We are currently in a chaotic epoch, with large price fluctuations. A unilateral market trend is expected to emerge after the end of January or February. Everyone should pay attention to leverage positions, keeping half for positions and half for bottom fishing.