12.05 Evening Market Overview
$BTC Bitcoin broke through 100,000 this morning, reaching a high of 104088. After about 10 days of consolidation, it finally ushered in a big breakthrough. The major forums in the entire crypto industry used this as the headline to attract traffic, and Trump also posted a message to celebrate; at the same time, Bitcoin was ranked as the world's tenth largest currency and the world's 12th largest economy in terms of total market value
Bitcoin rushed high during the day to suck blood from some cottages, and now it is quiet at a high level of 104088-101259. It is estimated that it will consolidate at a high level in the next few days to give cottages room for growth. Bitcoin's intraday support is 102218 101213, and the target is 104961 106055
Powell said in the early morning that Bitcoin's opponent is gold rather than the US dollar. Indirect recognition of Bitcoin's financial derivative attributes
Putin supports Bitcoin as a global reserve asset, and Bitcoin is recognized by Russia
Trump nominated cryptocurrency supporter Paul Atkins as SEC chairman, which directly brought legal compliance to cryptocurrencies
US stock company Worksport announced that 10% of its cash reserves would be used to purchase BTC and XRP, continuing to be bullish on Bitcoin
BTC spot ETF had a net inflow of 5,790 shares yesterday, and BlackRock bought 5,950 shares. Various positive signs indicate that the 10W Bitcoin is just the beginning, and the future is promising
$ETH also followed Bitcoin to rise sharply today, from yesterday's 3,600 to today's 3,943, which made the air force explode. Ethereum is now in an ascending wedge; the unemployment benefits just this week are good, can Ethereum take advantage of this trend and go directly to 4,000? Support range 3899-3880; Pressure 4020 4093
Ethereum spot ETF had a net inflow of 4637 yesterday, BlackRock 3439, and Grayscale 1710 outflows; 655 million positions were liquidated in one day, 354 million long positions and 301 million short positions; the liquidation map shows that the short positions have been almost liquidated, which is the consequence of the reverse trend. The long positions are now concentrated in the 100674-102154 range, depending on what the dealer thinks; at the same time, the U financial management of major exchanges has reached an astonishing 35%-70% today
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