Web3 Cryptocurrency Market Analysis
First, let's talk about the observation of the BTC indicators:
1. From a technical indicator perspective, it continues to consolidate around 100,000 today, with a high reaching 10898.99. Unfortunately, it was a short-term low-volume peak, with the overall trend showing a slow upward movement. Due to the spike yesterday, it quickly retraced and stabilized around 100,000, significantly reducing the short-term pressure for a drop of 10,000 points. However, the probability of breaking the high and a significant stretch remains low. The biggest concern is a sudden spike followed by a crash, so for now, the focus should still be on accumulating spot purchases at low prices.
2. Greed and Fear Index observation: currently at 75, up 3 points, which indicates greed, with market sentiment relatively stable.
3. Observing the maximum pain point for options in the next 3 months: on December 8th, the pain point is at 101,000, but the amount is not large, having limited impact on the market.
4. ETFS continues to see inflows, on December 6th institutions increased their holdings by 3843 BTC, marking 7 consecutive days of accumulation. ETH also saw continuous accumulation, with an increase of 22,100 in a single day, with a large amount of external funds continuously buying in anticipation of a rise.
5. According to the RSI index, the indicators within 7 days are all in the overbought range, and the 24-hour also shows strong momentum, with selling pressure remaining high.
6. From the peak escape index, it is currently at a middle position, with the risk of peak escape at a moderate level.
7. The coin holding index is currently high, still not suitable for regular investment in coins, consider buying on dips instead.
BNB is consolidating around 736, overall filling many gaps previously pulled to 795, solidifying prices, which is a relatively good phenomenon. ETH is still doing well, gradually rising, showing a stable upward trend, with institutions continuously increasing their holdings, and it hasn't reached historical highs yet, which is quite promising.
In summary, BTC holders should keep their spot holdings. Those who sold at high prices should not buy back at higher positions. Build positions gradually from below 95,000 to 80,000, as bull markets do not signal peaks. Remember not to short. ETH currently seems to be one of the more worthwhile reserves among mainstream options, especially with so many institutions involved, which gives me much more confidence.#BTC能站稳10W吗？