❗❗❗Bitcoin market analysis on December 20

I. Important information

1. An IMF spokesperson said that Trump's US strategic bitcoin reserve plan will be fully evaluated when it is implemented.

2. The Bitcoin Office in El Salvador transferred BTC worth $1 million to the Bitcoin strategic reserve.

3. Hut 8 surpassed Tesla and became the fourth listed company with more than 10,000 BTC. The top three are MicroStrategy (439,000 BTC), Marathon Digital (44,394 BTC), and Riot Platforms (17,429 BTC).

4. The number of initial jobless claims in the United States last week fell more than expected, and the job market conditions gradually cooled down. As of the week of December 14, the number of initial jobless claims fell by 22,000, and the seasonally adjusted number was 220,000.

5. The Chicago Board Options Exchange Volatility Index (VIX) surged 74% on the 18th, the second highest in history. The Fed's 25 basis point rate cut and Powell's hawkish remarks caused market panic. Bitcoin once fell below $100,000 and U.S. stocks fell by about 3%. Historical data shows that a sharp surge in VIX often indicates that Bitcoin has hit a local bottom, such as in February 2018 and August 2024.

2. Market Analysis

Institutions and whales are still buying, but Bitcoin is falling. On the one hand, the main force wants to wash out more chips, long-term bullish and ignore short-term ups and downs; on the other hand, BTC's trend is close to the US S&P 500 index, affected by factors such as the unclear expectations of interest rate cuts next year and geopolitics. In the near future, it is necessary to wait for the S&P 500 index to stabilize and stop falling at the weekly level before BTC can really stabilize. The key support level has no volume when it falls and a huge volume when it rises to be safe.

3. Operational suggestions

Investors should strictly control risks when operating, set reasonable stop-loss points, and avoid chasing ups and downs. BTC and ETH have broken through and have risen without volume. Investors should focus on the idea of ​​taking spot at low levels, pay close attention to key pressure points and market dynamics, flexibly adjust strategies and strictly control risks. #萨尔瓦多增持BTC #灰度SUI信托基金 #比特币市场波动观察