Cryptocurrency Short Term: Mainstream Bottoming Out, Altcoins Shouldn't Be Recklessly Copied

The central bank, along with 13 departments, has defined virtual currency operations as illegal, and Interpol has classified crypto fraud as a transnational crime, instantly cooling market sentiment. The short-term market is caught in a 'bull-bear tug-of-war', with mainstream coins supported by institutions, while altcoins collectively adjust due to capital flight, focusing on key points and position control.

BTC is currently stuck at $91,000, with strong support at $88,000-$89,000, which is the starting point for recent rebounds. If it falls below, it is likely to drop to $85,000. Resistance is concentrated between $92,000-$95,000, with whales having reduced their holdings by 23,000 BTC in November; selling pressure has not been fully released. Fortunately, ETFs have seen net inflows for two consecutive days, and some institutions have begun bottom-fishing, temporarily avoiding a one-sided crash, but breaking through still requires volume support.

ETH is slightly more resilient than BTC, fluctuating in the $2,950-$3,000 range. $2,950 is a critical line; holding above it provides a chance to challenge resistance at $3,080-$3,120. On-chain data shows that whales have increased their holdings by 440,000 ETH within a week, coupled with continued ETF capital inflow, providing technical support. However, its characteristic of fluctuating with BTC remains unchanged, making it difficult to stand alone.

The altcoin correction has become a foregone conclusion: SOL, ZEC, and other previously popular coins have fallen over 6%, and the slight rise of lesser-known coins is merely 'baiting the bulls'. The core reason is that after regulatory tightening, funds have flowed back from high-risk coins to mainstream coins, and most altcoins lack substantial benefits, making market sentiment based solely on speculation easily breakable. $BTC #比特币预测