Meeting

Good evening everyone, I am Randy. Let me share my current view on the market. Today is also New Year's Day, so first of all, I wish everyone a Happy New Year. There hasn't been much volatility in the market today, and the focus should still be on short-term trading. Ethereum has been oscillating within a range, and its four-hour MACD is also showing signs of weakening. This pattern is not very favorable. We still need to wait for FTX's $15 billion to enter the market before we can expect a price increase. The market has been oscillating during this period, with altcoins being weak and not able to rise. We still need to wait a bit. In the short term, Bitcoin is likely to oscillate around $92,000 to $95,000. Over the past few days, the U.S. stock market has seen a significant decline, so the short-term market will follow the U.S. stock market. Ethereum has been frequently testing the $3,300 support and has not effectively broken below it.

As mentioned earlier, the current market can only wait for news to lead the market to catch up. Looking at the capital inflow, Bitcoin has seen an inflow of $5.3 million, while Ethereum has seen an inflow of $35.8 million. Although the inflow is not substantial, a net inflow is still a good sign. Trump will officially take office at the White House on January 20, and with FTX's funds, the market at the beginning of this month shouldn't be bad. Let's be patient and seize the opportunity in this fourth wave of the bull market.