As more and more institutions enter the market, scenario applications are constantly being updated. Perhaps this round of bull market will be different from the previous ones...
I hope that in the Year of the Snake, everyone's career will rise straight up like the K-line of Bitcoin, and everything will go smoothly....
Although the profit from yesterday's trade was not much, it is acceptable, after all, the risk was low.
On the first working day of this week, traditional capital seems to still be observing. Yesterday, both ETFs experienced outflows, with the Bitcoin ETF seeing an outflow of $420 million and the Ethereum ETF seeing an outflow of $55 million. However, as the downward selling pressure continues to weaken, a large amount of buying will quickly support the price back, which aligns with yesterday's analysis..
MicroStrategy recently purchased 2,138 Bitcoins, which illustrates this point. Only the brave can have the first bite of hot soup...
The financial reports of major institutions at the end of the year may cause unusual liquidity. However, as the selling pressure gradually exhausts, the probability of testing the upper double top or breaking through is relatively high. Bitcoin has accumulated too many profit-taking orders previously; after recent profit-taking, there have been many lower shadow lines. Therefore, the focus of contracts is on Ethereum, which has a better cost-performance ratio. Ethereum had too few profit-taking orders previously, so the probability of a rebound after overselling in the future will be much greater than that of Bitcoin. Those who have experienced the last bull market should know that as Bitcoin's funds overflow, Ethereum will welcome a cyclical rebound to reach the peak of the bull market... Thus, the entry point for long positions below 3,300 given yesterday remains valid. If the analysis is correct, Ethereum's low points will only get higher, while Bitcoin, due to its excessive profit-taking orders, will experience more frequent upward and downward spikes in the case of fund rotation, making it relatively difficult to set take-profit and stop-loss points for contracts... Ethereum has been oscillating here for so long and is about to choose a direction. No matter how you analyze it, the probability of a breakout upwards is greater than downwards, with the confirmation point of the trend being a breakout above 3,460 and maintaining stability..
