The bear market lasted only two days and has directly reversed. The phase at the bottom of 85,000 has passed, and the bottom has been raised. The current bottom is 90,500. There is a concentrated area of shorts in the 102,000-103,000 range, and we only need to pull up a little to complete the liquidation.
Recently, Bitcoin has been oscillating at high levels, repeatedly contending, coupled with the fact that last night Bitcoin ETF saw an inflow of 223 million, and Ethereum ETF saw an inflow of 102 million. In terms of operations, it is best to rely on support levels and focus on low-cost long positions.
To summarize the key points from last night:
1: Bitcoin's daily chart remains very strong, with moving averages showing a bullish divergence, and the short-term bullish trend is evident.
2: Ethereum is about to rush to a new high of 4,100. BlackRock bought 74 million USD worth of ETH ETF last night, without purchasing BTC ETF, sending a very clear signal to everyone to buy Ethereum.
3: Ethereum can be bought at 3,900 and 3,850, position size 5.5, with a stop loss at 3,800.
4: Solana can be bought at 226 and 218, position size 5.5, with a stop loss at 212. Later, the ETF hype will give Solana a chance to perform 🎤.
5: A whale spent 1,263 ETH in the past 5 hours to purchase 175,424 LINK at an average price of 28.18.
6: $ENA - A new stablecoin product USDtb will be launched on December 16, with 1.03 and 0.99 as target levels, position size 5.5, with a stop loss at 0.97.
7: $BB - Plans to launch credit trading for BlackRock's BUIDL and Franklin Templeton's BENJI in the first quarter of 2025, which is a positive signal.
8: Wintermute and DWF Labs have become market makers for BSC Meme MONKEY, and the monkey coin has emerged.
9: $OP has positive news, Grayscale is about to launch a trust fund.
10: Grayscale has recently been increasing positions in LTC, BCH, LINK, and MANA, and the altcoin bull market continues.