#加密用户突破1800万
12.17 BTC Strong Surge, Steadily Building a Bottom!!
🤞Crypto Market Dynamics:
On December 16, the net inflow of Bitcoin ETF in the US was 5,922 BTC (approximately $626.86 million), with an average price of $105,754. The net inflow of ETH ETF was 17,019 ETH (approximately $66.95 million), with an average price of $3,934.
On December 17, Bitwise Bitcoin ETF transferred out 4,138 BTC, worth about $439 million, with an average price of $106,000.
On the same day, Cumberland withdrew 385.8 BTC from Binance, totaling 1,734 BTC, with an average price of about $102,427.
ETH continues to flow out of exchanges, indicating a trend of accumulation in the market.
🤞Market Dynamics:
The Federal Reserve is expected to maintain interest rates, with a 95.4% probability of a 25 basis point rate cut.
The Nasdaq reached a new high, the S&P 500 rose, and the Dow Jones slightly declined.
Trump promised that Bitcoin will thrive in the United States.
The Federal Reserve will update its outlook at the meeting starting on Tuesday, which will impact the market.
🤞Market Analysis:
BTC KDJ golden cross is in operation, MACD golden cross red bars have disappeared, green bars are emerging, and moving averages are diverging upwards, indicating strong bullish momentum.
Upside resistance: 107,777 and the round number of 110,000.
Downside support: 5-day moving average at 103,373, 30-day moving average at 98,084.
🤞Operation Suggestions:
In a strong market, be cautious when approaching 110,000 while chasing highs, it is advised to stop or sell at the right time.
Pay attention to the support of the 5-day and 30-day moving averages, and manage risk well.😎😎
