Breaking News! The spot ETF 91961049762 has been continuously flowing out during the US New Year period, but the price has shot up to the 100,000 mark!
Is this the beginning of a bull market, or is it going to take a big tumble right at the opening?
Let me tell you, BlackRock has been crazily net selling BTC spot ETFs recently, selling 3,567.33 coins in just 4 days!
However, on the ETH side, things are quite calm, buying a bunch the day before yesterday and net inflowing 15,700 coins yesterday, which is truly puzzling.
Here comes the key point: US stocks are about to open after Christmas, and whether BTC can stabilize in price is really uncertain.
Right now, the American people are having a great time, yet the ETF is seeing net outflows; whether this market can hold up is really hard to say.
Let's talk about the market; the day before yesterday when I saw 94,000, I thought it could still rise, but it fell just a few hundred dollars short of 100,000.
However, this rebound is indeed quite strong, with no good news at all, and it surprisingly rose by 7,000 dollars! Altcoins are also benefiting, especially tokens related to Grayscale and the Trump family, which have all increased significantly.
Why is there a rebound? First, from a technical perspective, the daily line has returned to the zero axis; second, everyone was waiting to buy at 90,000, but it turned out not to be so easy to get in.
So I suggest entering with 30% of your base position and holding steady, and I’ve mentioned that there will likely be another drop because the MACD three-day signal column can’t possibly be just one.
Today, the second red column has appeared; the next 6-12 hours may still see some volatility and correction.
So if mainstream coins drop, are altcoins finished again? I don't think so; the total market capitalization of altcoins is still slowly increasing. This drop was severe, but the market cap is still much higher than in November.
So next month’s market definitely won’t be bad; everyone should stay calm.
In terms of operations, those entering the spot market can consider shorting futures for the next couple of days, and for those who haven’t finished their spot purchases, continue to hold well. For those who have completed their purchases, take profits and sell high and buy low.
On the ETH side, the drop to 4,100 was too severe and needs to correct; hold steady at 3,200 for the spot and consider shorting between 3,550 and 3,650.
Still, the point remains: having a solid base in spot trading is the most reliable. Buy in batches when it drops and short when it rises, making steady profits!
Are you stuck? When will be the right time to buy at the bottom? Still, the same saying: if you feel confused and helpless and don’t know what to do, click on the profile picture to follow me.