Good afternoon, brothers and sisters. Today is Monday, and it's the last week of this month. This month realistically reflects the brutality of the crypto world; assets have experienced varying degrees of shrinkage, and many brothers are currently in a cash position. Don't rush to fill your positions; the timing of entering the market is really critical, as opportunities and risks coexist!

Bitcoin has started a downward trend again. The 4H EMA moving average above still couldn't break through and has been pushed back down. Pay attention to the previous closing position near 92,500 below. If it breaks down again, it is expected to continue to explore lower levels. Focus above at 98,000.

This position for Ethereum is still quite critical. If it drops again, it will go back to the fluctuation range from a month ago. Currently, this position is also close to the support tested during the acceleration of the rise at the end of November, which has already been below twice. If support turns to pressure, it won't be very friendly for market development. Pay attention below at 3,050-3,150 and above at 3,400-3,550.

Back to the main topic:

Autumn has been waiting for the right opportunity to enter the market, but the market in recent days has really diminished the desire to operate. Although the volatility in the short term has been acceptable, for spot holders, this market is truly a 'dog day' market.

First of all, the ambiguity of the overall direction aligns with the current market sentiment. From the CME futures perspective, there is an expectation of a phased top forming at this position. This wave of sustained decline didn't show significant stop-loss signals after filling the small gap in CME.

Moreover, each wave of pullbacks has been relatively weak, quickly being driven down again by selling pressure. The 4H trend support is also undergoing intense friction testing. If this position turns to pressure, then the required volume for an upward move will increase significantly.

Another point worth noting is that there is a gap below Bitcoin CME futures in the range of 81,000-77,500. However, Autumn feels that the likelihood of a retest in the short term is low. After all, market sentiment is here, and there isn’t any explosive negative news driving panic selling.

Let's take another look at the current situation of Bitcoin ETF spot. Currently, there isn't any significant single-day or continuous outflow. Looking at today's ETF, it should still be in an inflow state. Although the volume isn't large, it's still a calming factor for the current market.

Bitcoin ETF has seen a significant inflow of chips at its peak. Leaving short-term trading aside, for long-term investors, the short-term fluctuations are acceptable. After all, the real bull market hasn't arrived yet, and there isn't much profit space, so the probability of panic selling is very small.

Another issue is Ethereum's performance. Ethereum's performance in this round of rising has been really poor. There has always been a rebound expectation. Although it briefly followed Bitcoin's strength, it was quickly pushed back to its original state by the market. A key point that Autumn frequently observes and shares is the ETH/BTC exchange rate issue; the exchange rate has really held Ethereum back too much.

0.04 seems to have been cursed, having tested at least five times without a single effective breakthrough. The reason for such strong selling pressure is something Autumn cannot understand, as if there are invisible hands controlling it.

A very simple question. If altcoins don't surge, how can the little brothers who follow them succeed? Every time Ethereum rises strongly, the four major kings of Layer 2 and related parties will immediately rebound. Similarly, when Ethereum's strong period arrives, altcoins will have more opportunities to break out of the current market situation.

Finally, the plan was to start building positions in the spot market today, but now the desire to enter isn't very strong. It's better to watch more and act less. Those who are trapped also don't have much desire to average down. It's better to observe for a while. If a directional indicator appears, it could be a good opportunity for speculation.

There are also many spot assets being observed, both old coins and new coins. Entering in batches isn't a bad idea, but at this position, there are many risk points to consider. If you have spare bullets, you can calmly cope with any market situation, so just wait patiently!

In the end, it's still that sentence. It's the end of the year. If we don't stockpile food for a prosperous year, this year will soon be over. A truly good market won't last long; if you miss the opportunity, you'll have to wait another four years! Welcome brothers to move forward together!

Lastly, getting data for free isn't easy. All the data is just shared; the starting point is good, but it doesn't guarantee that every result is good. Treat it rationally!

△Risk Warning: The price of digital assets fluctuates wildly. The risk of investing in digital assets is very high. Please be cautious about investment risks, invest rationally, and bear the consequences of gains and losses.