BTC趋势
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BTC overall judgment on December 12, 2023:
Overall, BTC has shown a certain negative trend recently. The main reason is that although Bitcoin will perform strongly in 2023 as a whole, it has recently experienced a significant decline, indicating that there is some profit-taking behavior and market correction in the market. At the same time, recent large position liquidations and market instability have also heightened uncertainty in the short term. While longer-term bullish factors remain, such as the regulatory outlook and monetary policy expectations, the short-term market reaction to these positive news appears to have been priced in. Therefore, judging from recent market dynamics, Bitcoin has shown a relatively obvious negative trend.
#bitcoin #BTC趋势
Overall, BTC has shown a certain negative trend recently. The main reason is that although Bitcoin will perform strongly in 2023 as a whole, it has recently experienced a significant decline, indicating that there is some profit-taking behavior and market correction in the market. At the same time, recent large position liquidations and market instability have also heightened uncertainty in the short term. While longer-term bullish factors remain, such as the regulatory outlook and monetary policy expectations, the short-term market reaction to these positive news appears to have been priced in. Therefore, judging from recent market dynamics, Bitcoin has shown a relatively obvious negative trend.
#bitcoin #BTC趋势
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December 10, 2023
BTC (Bitcoin)
good news:
Bitcoin price rebounded: On December 8, the price of Bitcoin climbed from $43,140 in the morning to $44,465, a 24-hour increase of 2.65%.
ETF-related news drives up prices: It was reported on December 9 that Bitcoin climbed to a 2023 high of $44,747 on news related to exchange-traded funds (ETFs). Progress in the cryptocurrency exchange-traded fund market has fueled buyer demand, especially as discussions with the U.S. Securities and Exchange Commission (SEC) have raised hopes that the SEC may approve a batch of ETFs in January.
Investors' optimism about Fed policy: According to reports on December 8, investors are increasingly confident that the Federal Reserve will end its interest rate hikes and be able to achieve a soft landing, which will help support asset prices.
Bad news:
U.S. employment data was better than expected, causing prices to fall: It was reported on December 8 that U.S. employment growth in November exceeded expectations and the unemployment rate was also lower than expected. This caused the price of Bitcoin to fall by about 0.5% to $43,500 in a short period of time after the news was released. .
Exchange Bitcoin Balances Decline: In November, the Binance exchange’s Bitcoin balances dropped significantly by over 23,000 BTC, or approximately 4%, due to regulatory issues in the United States.
Overall judgment on December 10, 2023:
All things considered, Bitcoin has shown a certain positive trend recently. Although the strong performance of U.S. employment data and the decline in Bitcoin balances on exchanges have put some pressure on the market, the recovery of Bitcoin prices, the positive impact of ETF-related news, and investors’ optimistic expectations for Federal Reserve policy, overall The market provided stronger support. In particular, developments in the exchange-traded fund market and discussions with the SEC indicate potential market opportunities, which could provide further upward momentum for Bitcoin prices.
#btc #BTC趋势 #BTC #BTC每日利多利空
BTC (Bitcoin)
good news:
Bitcoin price rebounded: On December 8, the price of Bitcoin climbed from $43,140 in the morning to $44,465, a 24-hour increase of 2.65%.
ETF-related news drives up prices: It was reported on December 9 that Bitcoin climbed to a 2023 high of $44,747 on news related to exchange-traded funds (ETFs). Progress in the cryptocurrency exchange-traded fund market has fueled buyer demand, especially as discussions with the U.S. Securities and Exchange Commission (SEC) have raised hopes that the SEC may approve a batch of ETFs in January.
Investors' optimism about Fed policy: According to reports on December 8, investors are increasingly confident that the Federal Reserve will end its interest rate hikes and be able to achieve a soft landing, which will help support asset prices.
Bad news:
U.S. employment data was better than expected, causing prices to fall: It was reported on December 8 that U.S. employment growth in November exceeded expectations and the unemployment rate was also lower than expected. This caused the price of Bitcoin to fall by about 0.5% to $43,500 in a short period of time after the news was released. .
Exchange Bitcoin Balances Decline: In November, the Binance exchange’s Bitcoin balances dropped significantly by over 23,000 BTC, or approximately 4%, due to regulatory issues in the United States.
Overall judgment on December 10, 2023:
All things considered, Bitcoin has shown a certain positive trend recently. Although the strong performance of U.S. employment data and the decline in Bitcoin balances on exchanges have put some pressure on the market, the recovery of Bitcoin prices, the positive impact of ETF-related news, and investors’ optimistic expectations for Federal Reserve policy, overall The market provided stronger support. In particular, developments in the exchange-traded fund market and discussions with the SEC indicate potential market opportunities, which could provide further upward momentum for Bitcoin prices.
#btc #BTC趋势 #BTC #BTC每日利多利空
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BTC daily bullishness and bearishness (December 11, 2023)
BTC (Bitcoin)
💰Good news:
Increased attention from institutional investors: Recently, Bitcoin funds have attracted nearly $133 million in inflows from institutional investors.
ETF Application Update: BlackRock and Bitwise recently updated their applications for Bitcoin ETFs, suggesting that approval of Bitcoin ETFs may be imminent.
Strong Price Action: Bitcoin reached a new 19-month high on December 8, peaking at $44,729, and analysis on December 10 showed it was in a large upgrade channel with sideways resistance around $48,000.
Market expectations are positive: traders are optimistic about Bitcoin price reaching $50,000.
💧Bad news:
Potential Price Retracement Risk: Despite Bitcoin’s strong price performance, analyst Justin Bennett warned that Bitcoin’s upward trend could quickly reverse once the target price is reached.
Technical Challenges: Bitcoin Core developers noted that Ordinals are considered a “bug” that is expected to be fixed in a 2024 Bitcoin Core update, which may have an impact on BTC.
Increased competition in the market: With Bitcoin price targets approaching $45,000, there is a risk that a “possible peak” exists and that its market dominance could be challenged as other cryptocurrencies perform more strongly.
🎈Overall judgment on December 11, 2023:
Overall, BTC has shown a certain positive trend recently. The main reasons are the increase in institutional investors, the update of ETF applications, and the market's positive expectations for its price trend. However, technological challenges and potential market competition remain risk factors that require attention. Despite some uncertainty, the current tailwinds appear to be having a stronger positive impact on market sentiment.
#BTC趋势 #bitcoin #crytpo
BTC (Bitcoin)
💰Good news:
Increased attention from institutional investors: Recently, Bitcoin funds have attracted nearly $133 million in inflows from institutional investors.
ETF Application Update: BlackRock and Bitwise recently updated their applications for Bitcoin ETFs, suggesting that approval of Bitcoin ETFs may be imminent.
Strong Price Action: Bitcoin reached a new 19-month high on December 8, peaking at $44,729, and analysis on December 10 showed it was in a large upgrade channel with sideways resistance around $48,000.
Market expectations are positive: traders are optimistic about Bitcoin price reaching $50,000.
💧Bad news:
Potential Price Retracement Risk: Despite Bitcoin’s strong price performance, analyst Justin Bennett warned that Bitcoin’s upward trend could quickly reverse once the target price is reached.
Technical Challenges: Bitcoin Core developers noted that Ordinals are considered a “bug” that is expected to be fixed in a 2024 Bitcoin Core update, which may have an impact on BTC.
Increased competition in the market: With Bitcoin price targets approaching $45,000, there is a risk that a “possible peak” exists and that its market dominance could be challenged as other cryptocurrencies perform more strongly.
🎈Overall judgment on December 11, 2023:
Overall, BTC has shown a certain positive trend recently. The main reasons are the increase in institutional investors, the update of ETF applications, and the market's positive expectations for its price trend. However, technological challenges and potential market competition remain risk factors that require attention. Despite some uncertainty, the current tailwinds appear to be having a stronger positive impact on market sentiment.
#BTC趋势 #bitcoin #crytpo