After reaching the position of 108,400, Bitcoin began to decline continuously. I already reminded in my review yesterday that a slight rise is replacing the sideways consolidation, and we should be cautious of a pullback while waiting for direction choice. In fact, as long as it's not a crash, a few points decline is beneficial for the long-term bull market, since some profit-taking is necessary. If you get liquidated after a few points drop, then you really need to reconsider your trading strategy.

If you can't learn anything from a liquidation, it will continue to happen in the future. Also, I warned yesterday not to open contracts at this level, as it's inappropriate to do so. So, how will the market develop next, and what are the initial signs of a stop in the decline? This can be discussed. Note that this article is merely a personal review and does not constitute any investment advice. Please follow me to check daily.

In terms of Bitcoin, there are no significant fundamentals; yesterday, the 'King of Knowledge' also called for a positive outlook, and institutions continue to accumulate. It's expected to consolidate around 100,000, and long-term it should continue to rise. Continuous declines are also on low volume, which can be seen as ongoing consolidation in this range. Any rise will surely have to consolidate before moving to the next step. On this basis, if it can dip below 100,000, then we can start entering the market with spot purchases in batches, all the way down to 85,000. For the $BNB aspect, it is predicted to fluctuate around 700, while BNB's trading method is suitable for grid trading. For Ethereum $ETH , the pullback and consolidation are led by Bitcoin, which is not surprising. In the short term, as long as Bitcoin doesn't cause harm, Ethereum will definitely rise gradually. Below 3700 is actually quite suitable for small long-term investments, waiting to return above 4000, and those who are risk-averse can sell some and wait for a pullback. As for Dogecoin, it has been mentioned before that as long as there is no call from Elon Musk, it will decline slowly. Cryptocurrencies that are heavily influenced by human factors are difficult to operate; at least it needs to decline properly for a while, but January still has an upward opportunity.

Some important news:

1. BlackRock's Ethereum spot ETF currently holds over 1 million Ethereum.

2. A poll from Emerson College shows that about 19% of American voters have invested in, traded, or used cryptocurrency.

3. A wallet address related to MtGox (1HtH…9wHH) transferred 1,130 BTC, worth approximately $118.45 million, to two addresses yesterday.

Back to today's daily $BTC market analysis, from the K-line perspective, the 1-hour level is down, the 4-hour level is down, the 12-hour level is down, and the daily level is down, with an intraday resistance level of 103,000 and a support level of 975,000 dollars. #加密市场回调 #圣诞行情预测