Market Commentary

BTC —— The BTC price has increased by 0.54% in the past 24 hours, currently priced at $100,745.6, with a highest price of $100,686.7 and a lowest price of $98,649.1 in the last 24 hours. BTC price has been fluctuating narrowly around $100,000, with the market in a critical tug-of-war phase between bulls and bears. On December 8, the price quickly rebounded after dropping to the short-term support level of $98,650, but overall trading volume is low, limiting the strength of the rebound.

ETH —— The ETH price has decreased by 0.05% in the past 24 hours, currently priced at $3,997.62, with a highest price of $4,014.75 and a lowest price of $3,924.24 in the last 24 hours. ETH has retreated from a short-term high of $4,086 and is maintaining a narrow fluctuation range between $3,930 and $4,020. On December 8, the price briefly fell below $3,950 but quickly rebounded, indicating that bullish forces in the market are still at play. In the short term, attention should be paid to the stability of the $3,930 support level and whether the $4,030 resistance level can be breached; if it breaks out with volume, it may lead to further upward movement.

Bitcoin ETF saw a net inflow of $377 million yesterday

According to Sosovalue data, the US Bitcoin spot ETF had a single-day net inflow of $377 million on December 6, with a total daily trading volume of $4.08 billion. The cumulative net inflow total is $33.43 billion, and the total value of BTC managed by the ETF is $11.274 billion, accounting for 5.62% of the total Bitcoin market capitalization. The Bitcoin ETF has seen 7 consecutive days of net inflow.

Ethereum ETF saw a net inflow of $83.76 million yesterday

According to Sosovalue data, the US Ethereum spot ETF had a single-day net inflow of $83.76 million on December 6, with a total daily trading volume of $992 million. The cumulative net inflow total is $1.41 billion, and the total value of ETH managed by the ETF is $13.36 billion, accounting for 2.74% of the total Ethereum market capitalization. The Ethereum ETF has seen 10 consecutive days of net inflow.

In the market, BTC is fluctuating at high levels, and ETH is oscillating between 300---4000 points.

The market is in a state of adjustment, with shrinking trading volume. The operational suggestion is not to chase the rise; the more bullish the market, the more calmness is needed. If you want to get rich quickly, wait for a pullback point; the market will not always rise without falling.

ETH: Long position points

3680 medium to long-term long position,

Stop-loss position at 3790

The profit from the trade can be handled at your discretion. $ETH