Cryptocurrency Afternoon Update Summary:
1 Bitcoin has experienced its first 10% drop; there's no need to worry too much before the 10th. The daily candlestick shows a long lower shadow, and the price has currently returned to a sideways state at the daily level.
2 Ethereum is challenging the long-term resistance line and is very likely to break through the 4000 mark.
3 The net inflow of funds into Ethereum ETFs is gradually approaching that of BTC, indicating increasing confidence in Ethereum; a strong Ethereum means a strong altcoin market.
4 On December 10, Microsoft will vote to decide whether to purchase Bitcoin as a corporate reserve asset. If approved, it will be a significant event for Bitcoin's global adoption, a major positive development, and the 10th is a pivotal moment.
5 The ETF for SOL was rejected by two firms, but that's okay; it will eventually be approved.
6 A decline does not mean the end of a bull market; a swift recovery is for the purpose of cleaning up leverage.
7 It is recommended to primarily operate on low longs, focusing only on leading assets in each sector and avoiding shorts.
8 UNI officials announced that the Layer 2 unichain will launch on the mainnet on December 18; positioning can be done in batches on the 15th and 14th, with a defensive level set at 13.
9 Core will launch CoretoshiNFT, minting on OKX will start on December 12.
10 The BNB chain will initiate an airdrop interaction on December 12, joining the meme coin airdrop event, which is beneficial for Cake.
