At 21:30, the US GDP data will be released, followed by the US Core PCE Price Index year-on-year at 23:00. These two key events will bring volatility to the market. Yuelin shares her views!

- BTC ETF net outflow: $123 million

- ETH ETF net inflow: $40.67 million

From the ETF data, the net inflow of Ethereum has significantly increased, with Ethereum continuing to perform strongly recently, indicating that a large amount of funds is flowing into ETH. In contrast, the outflow of Bitcoin's ETF reflects its drop of over $8,000, showing that funds are gradually leaving BTC.

Federal Reserve November Meeting Minutes

Most members of the Federal Reserve still believe that a 25 basis point rate cut in December is appropriate and have lowered their assessment of the downside risks to economic activity. They believe that continuing to reduce the balance sheet is appropriate, but may pause rate cuts if inflation continues to rise. If the unemployment rate rises or the economy slows down, rate cuts may accelerate. However, as long as there is no clear evidence of an economic recession, the likelihood of a black swan event is low; if an economic recession is indeed confirmed, the market may face greater adjustments. Currently, the possibility of a 25 basis point rate cut in December remains high.

Yuelin's operational strategy is to go long first and then short: resistance level above at 93800.95000, support below: 92400. If the hourly close breaks below 92400, the support below is 90800.89500.

Currently, Bitcoin's market share has dropped to about 57%, indicating a gradual trend of funds flowing into altcoins, temporarily ending BTC's dominance. Next, Ethereum may strengthen for a while, and as liquidity gradually recovers, the altcoin market may soon start.

Regarding the risk of Bitcoin's pullback, a warning was issued as early as the 22nd, and the current pullback has not exceeded $90,000. I personally believe that if $90,000 is broken, the market may further decline, and such a large pullback could actually provide an opportunity for market cleansing. Currently, it has pulled back over $8,000, and if there is another pullback of a few thousand dollars, it will help alleviate market panic and clear some speculative funds, laying the foundation for future rises.

For long-term holders, market volatility will not affect their confidence. Although some long-term holders have started to reduce their positions, these reductions only account for about 4-5% of their total positions. Patient holding remains key to obtaining greater returns. #美国GDP数据即将公布