The critical moment for 24/12/18 BTC is approaching, with support moving up to 103000, need to pay attention to a downward adjustment.
The US Bitcoin spot ETF has seen continuous inflows of 6.552 billion since November 27, while the scale of the US Bitcoin spot ETF has surpassed its gold ETF. The Ether ETF has seen continuous inflows of over 2 billion since November 21. Funds are continuously flowing in, but the price increase is not very strong. On the 16th, it was also mentioned that the price must significantly deviate from the current level, so precautions are necessary. We have previously reminded about the subsequent medium to long-term entry opportunities.
There are 12 hours until the interest rate decision at 3 AM on the 19th, with a probability of a 25 basis points rate cut at 98.6%. The critical moment for Bitcoin is approaching, with support moving up to 103000. If it does not fall back, it remains bullish, but need to pay attention to a downward adjustment. There is also certain risk here. We mentioned earlier that this phase is similar to the BTC spot ETF in 2023 when it broke down from 49000; it has been 37 days in time, currently 35 days, and it also maintains an upward channel, so the next few days need to be monitored.
Bitcoin
Bitcoin's price reached a maximum of 108353, also touching the upper boundary of the rising channel for a pullback. It is important to pay attention to the key support of 102000—103000; it cannot fall back. A fall back would mean a false breakout. We also mentioned that the spike of over 10,000 points on December 6 is a signal of overextension, and even if it continues to rise later, we need to guard against a pullback.
At 4 hours and 2 probes, 94150, we reminded at around 95000 to buy the dip. The 24/12/11 BTC spike probe is temporarily effective, and it is about to challenge the previous high pressure again. How to seize the Spring Festival red envelope market? The rebound also has a rise of 14000 points, 14%. Today’s closing line cannot be lower than 102600; otherwise, it is easy to form a evening star. The 4-hour upward trend has broken.
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Ether
Yesterday reached a new high of 4107 and fell back, which is also a second test. As of the time of writing, it returned to around 3820 support, and after the rebound, it formed horizontal oscillation. The first support is 3750, and the second support is 3509.
SOL
Continuing to operate in a descending channel, while also being suppressed by the middle track of BOLL, can only continue to look bearish.
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