December 4th Bitcoin and Ethereum Market Data Report
Due to the influence of the political situation in South Korea, Bitcoin and Ethereum have experienced significant fluctuations. On-chain data shows that the selling pressure for both Bitcoin and Ethereum has decreased, while buying support has strengthened. The inflow and outflow of ETFs remains balanced.
Currently, the bearish energy slightly dominates, but a significant drop is not expected before the 13th. The bullish energy for Ethereum has been fully released and is now waiting for a new round of accumulation. The open interest for both contracts continues to consolidate at high levels and has found a new bottom.
Specific data is as follows:
Bitcoin short-term support level at 94927, resistance level at 97352. Mid-term support level at 94017, resistance level at 98413.
Ethereum short-term support level at 3592, resistance level at 3721. Mid-term support level at 3523, resistance level at 3773.
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