$BTC Yesterday, the price of Bitcoin has fluctuated in the range of 966-953 for 22 hours since the opening of the European session. It is expected that the price will start to pick up today. The following news has promoted the rise in the future market.
1. On December 27, the US Bitcoin spot ETF had a net inflow of US$475.15 million, and the Ethereum spot ETF had a net inflow of US$117.7 million.
2. The trend of companies incorporating Bitcoin into their balance sheets may continue until 2025. This trend may become an important driving force next year, especially on the basis of institutional investors entering, companies are also beginning to participate, especially those listed companies trying to gain exposure to Bitcoin. In recent years, MicroStrategy has purchased US$27.7 billion in Bitcoin and plans to purchase tens of billions more.
3. Strive Asset Management, founded by Vivek, the leader of the US Department of Government Efficiency (DOGE), applied to list a Bitcoin bond ETF. These news will not lead to a major breakthrough in the short term, but they will undoubtedly increase the confidence of market consumers.
Back to the market, we said yesterday that even if it falls below 965, the downward continuation will not be too much, and the lowest is only around 95200. It has been in the stage of shock repair. If it falls below 952 in four hours today and continues to fall, then pay attention to the support below 948-940-933. I think the limit of the retracement can only be around 933. Don't fantasize that the kongtou will continue. The kong orders that were trapped in these positions before should be exited, and those who should do a good job of defense should do a good job of defense. Today I think it is a good time for band and medium- and long-term layout. The reference for entry is 94600-93800, and the bands are followed. The medium- and long-term targets are 97600-98300-99800, and the stable short-term target is 96500. The rest will be left to time.
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