The second pancake indeed did not disappoint, let's keep pushing up....
Christmas and New Year have ended, and the recent workday ETF data shows a gradual warming trend. On December 31st, Bitcoin ETF had a net inflow of over 5 million dollars, while Ethereum ETF had a net inflow of 36 million dollars. It can be seen that with the end of holidays in Europe and the United States, there has been a capital return, and in the past two weeks, Ethereum ETF's performance has significantly outperformed Bitcoin. In the short term, we continue to be optimistic about Ethereum's rebound logic..
Tomorrow marks the beginning of FTX's compensation of 16 billion dollars, and it is believed that smart money may enter the market as early as tonight... Therefore, the performance of the first ETF in 2025 will likely determine the direction in the following days..
The bottom oscillation and turnover of Bitcoin have been sufficient, and with the fermentation of sentiment and news, the probability of a breakout upwards in the following days this week has greatly increased. However, after experiencing several rounds of liquidation, it is difficult to see a surge like in November, so there will still be a lot of profit-taking pressure around 100,000, with an expected intensity of about 5000±500 points... (Orders can be placed). The previous analysis suggested reducing positions on the bottom long orders and considering preparing for a reversal here..
