Interest is the protagonist of every business story and an eternal topic in our lives. Lao Li adheres to the principles of prudence, specialization, and sincerity, carefully crafting each analysis article, highlighting its characteristics without being pretentious or artificial. With solid words and precise analysis, he digs into the value and risks behind Bitcoin. He hopes to work hand in hand with everyone to create a win-win situation!
The overall trend of Bitcoin yesterday was a fluctuating upward movement. During the European market hours, it peaked at 102538 and then began to retreat to 99280, a pullback of 3000 points. Observing the data, there were global liquidations of 276 million within 24 hours; Bitcoin liquidations amounted to 57.68 million, with long positions liquidating 42.48 million and short positions liquidating 15.20 million. Influenced by the favorable factors brought by the American CPI data on the 11th, the market's bullish sentiment remains strong. The easing of monetary policy is indeed a significant favorable factor for the financial market, but the short-term benefits brought by public opinion are ultimately insufficient to support the stability at the 100,000 mark. Lao Li had already given early warnings about this round of pullback. Observing the U.S. stock market, the three major indices all closed lower yesterday. The Dow Jones closed at 43914.12 points, down 234.44 points or 0.53% from the previous trading day; the S&P closed at 6051.25 points, down 32.94 points or 0.54%; the Nasdaq closed at 19902.84 points, down 132.05 points or 0.66%. Careful observers can easily see that during the last round when the U.S. October CPI data was released, Bitcoin plummeted about 5000 points after surging past 93000 to set a new historical high. Therefore, most market movements actually have traceable patterns. Stabilization at the 100,000 mark requires real financial support, not just temporary capital inflows due to market sentiment. When Bitcoin lacks upward momentum, large holders will gradually begin to withdraw their funds, as they are well aware that what is sought after is the short-term benefits brought by the CPI announcement. For retail investors, the inflow of funds is rapid; however, those withdrawing are anxious, watching the price slowly decline like fine sand in an hourglass, while their chips are silently trapped in a downward trend, watching the candlelight gradually extinguish, positions being liquidated, and human nature is fully revealed.
Observing the Bitcoin spot ETF data, there was a net inflow of 597 million dollars yesterday, setting a new high for net inflows in recent days, achieving a positive trend for 11 consecutive days, and the figures are continuously increasing. This indicates that Wall Street is continuously laying out its positions under the favorable impacts of upcoming interest rate cuts and Trump's presidency on Bitcoin. Tether has also issued another 1 billion dollars today. The news from the U.S. is much more insightful than ours. Considering the series of factors mentioned in recent articles, the signals given by the market are already sufficient, and the second wave of rises is not far off. There are still five days until the interest rate cut, and the time left for everyone is ample. Lao Li advises everyone to try to convince themselves not to just wish for the lowest entry point; entering at any point starting with 9 is a profit. Low-leverage operations with the high points after the interest rate cut being the take-profit point. If you really can't grasp it well, you can ask Lao Li.
In terms of news, the Vancouver City Council has just passed a forward-looking proposal to begin studying the incorporation of Bitcoin into their financial operations. Mayor Ken Sim took the lead in proposing this idea, which was approved in the meeting on December 11. This means that Vancouver may start accepting Bitcoin for tax payments and even include Bitcoin in their financial reserves. The mayor of Vancouver also emphasized that Bitcoin is different from other assets; it is decentralized, not controlled by anyone or any government, and its total supply is limited. From Lao Li's perspective, various countries and cities have continuously shown an open attitude towards cryptocurrencies, which is undoubtedly a potential important driver for the subsequent price increase of Bitcoin. Moreover, the decentralized nature of Bitcoin will also attract more funds beyond the surface. Here’s a question for everyone to ponder: how large do you think the global gray and black industries are? What are their main convenient transaction methods? Has this industry ever disappeared throughout history?
Returning to the present, the current price of BTC is 99913, and the price is at the upper middle track of the daily line. The stabilization at the 100,000 mark requires attention to whether today's closing can hold steady. Short-term strategies can refer to yesterday's article, as shown in the figure below.#BTC重回关键位置后走势
