Yesterday, the US spot Bitcoin ETF had a net inflow of $754.79 million. The price of Bitcoin rose from the lowest of $89,259 a few days ago to the highest of $100,866 today. The short sellers in the market suffered heavy losses again after just two days of jumping. This also verifies what was said in the previous article, that the dog dealers are using the decline to absorb funds and change positions, not just selling.

As the market recovers,

The price of XRP, a strong currency mentioned in the previous article, has broken through its all-time high to $3.2. In the past two months, XRP whales have increased their holdings by 1.4 billion XRP, equivalent to about $3.8 billion. This is because of the expectation that the XRP ETF will be launched, so the whales bet on XRP in advance.

At the same time, LTC, like XRP, has expectations for landing an ETF, so in this round of rebound, LTC, as an established altcoin, has also performed brilliantly. This week, the price has risen by about 26% from its lowest point. However, when these currencies' ETFs actually land, the whales might start unloading to look for the next hot spot.

With only about four days left until Trump's inauguration, today Israel and the Palestinian resistance movement (Hamas) reached a ceasefire agreement for Gaza. The agreement will take effect on January 19. This is what many Palestinian people have been looking forward to. Every time there was news about both sides firing at each other last year, our accounts would be shaken three times. Now, the negative news is being resolved one by one, and the Biden administration's last madness is about to extinguish, leading us to a peak frenzied bull market.

Next, let's take a look at Ethereum's trend. With the market gradually warming up these past two days, Ethereum's daily K-line has successfully stood above the daily 30MA. In the short term, Ethereum has confirmed a rebound trend.

From the chart, we can see that the recent daily-level large bearish candlestick high is around 3701. In the short term, we need to pay attention to whether Ethereum can break above 3701 with volume. If the market does not break above the daily resistance level of 3701, it is likely to retrace to the daily support level near 3186. If the price breaks 3701, the next stage for Ethereum will test the resistance level near 4042. From the daily level, it can be seen that the selling pressure around 4000 dollars is still quite strong. The bulls have tested the pressure level above 4000 dollars twice, but both times they failed to hold, resulting in a large bearish candlestick that brought the price down. If this round of rebound sees Ethereum break the 3701 dollar resistance level and the price can break through the 4000 dollar resistance level with volume, then the price will accelerate towards the historical high. As long as this round of rebound allows Ethereum to overtake, altcoins in the market will be able to breathe and continue towards previous highs, perhaps even a few dark horses at the peak of the bull market will emerge.

In terms of mainstream coins, besides Bitcoin and Ethereum, we can still pay attention to SOL and BNB. For MEME, we can still focus on $PEPE and $SHIB . In the AI sector, we can still pay attention to the leading FET. Other altcoins will not be analyzed one by one here; as long as Ethereum rises, everyone will not do too poorly.

Most of the altcoins held by everyone are still trapped after chasing the rise last year. However, with the peak bull market approaching, there is great hope for recovering losses or making a comeback because, in a bull market cycle, anything is possible. If you are unsure, please post the altcoins you hold in the comments section, and I will help motivate you and everyone else.

That's all for today. Thank you all for your long-term support for the old dog~ #狂暴大牛市