As shown in Figure 1, BTC was posted at 98,500 two days ago. Now, as shown in Figure 2, Bitcoin has fallen to around 93,000, which has reached the lower edge of the range. Whenever I post a bearish view, someone will scold me and say that I am creating panic. Just speak with facts. As shown in Figure 3, Bitcoin's long positions have been declining, and Bitcoin's market share has been declining. From a technical perspective, Bitcoin has not fallen completely. It will take another needle-piercing market to usher in a real big rebound. Be patient and wait for the needle to appear before buying the bottom. One more daily line is enough.
At the same time, the strong rebound of the Ethereum exchange rate shows that the market's big players and long-term holders are optimistic about the prospects of Ethereum. Although it has performed very poorly in this bull market, the net inflow of Ethereum ETF has surged recently since Trump was elected. The same ETF has been passed. Bitcoin has actually risen by 40%, and Ethereum has not yet hit a new high. From the perspective of investors, Ethereum is cheaper than Bitcoin. Again, the Trump family has been actively buying centralized related assets, uni, aave, ETH, etc., plus the application development of the base chain, the concept of AI AGENT has also become popular, giving birth to virtual type tokens, and the increase is still good. In the future, we should pay more attention to new AI-related coins, which may bring a new narrative for 2025. The market sentiment of Ethereum also shows that as long as Bitcoin stabilizes and starts to rebound, there will definitely be a good upward trend. A new high is just around the corner. Look forward to the New Year's market after New Year's Day.
