Yesterday's crypto world was like taking a small roller coaster ride, BTC shook the market slightly, and those market makers wanted to pull the price back, but failed, indicating that everyone is quite satisfied with this price! Looking at the data analysis, the market may take a break next, but don't rush. In the long run, the pump train is still running steadily on the track. Frens who hold coins for the long term, don't rush to short if you plan to sell them next year!
Remember, buy when the price is low, wait when it's high, don't rush to sell all. This way, you won't fear the ups and downs, and maintain a stable mindset! When it comes to trading, don't be too eager, don't rush in excitement, have a plan and take it slow. After all, we are playing the long game, not getting caught up in day-to-day small moves. This is just my personal reflection, investment decisions still depend on your own consideration, just for fun.
BTC has been hovering in the range of 93000 to 98000. From last night to today, the ETF and the bulls have been holding it up to prevent the price from falling. It seems that we need to find a new direction within this range in the next step.
BNB is quite powerful, 670 to 720 is its safe zone, because airdrops have locked up a lot of tokens, fewer people are selling, and more die-hard fans are holding, suitable for slowly playing grid trading.
ETH
#ETH , which is estimated to fluctuate between 3200-3700, has recently received lots of good news. Institutional investors for ETF are also buying continuously, which provides a relatively good support position.
Some important information:
1. According to a statement from the Ministry of Justice of Montenegro, Minister of Justice Bojan Božović has signed a decision to extradite Do Kwon, the founder of Terraform Labs, to the United States.
The National Bank of Cambodia (NBC) has issued new regulations, allowing commercial banks and payment institutions for the first time to provide services related to stablecoins and asset-backed cryptocurrencies, but unsupported assets such as Bitcoin are still prohibited.
3. The net asset value of the Bitcoin spot ETF is $108.41 billion, and the net asset ratio (the ratio of market value to the total market value of Bitcoin) is 5.72%. The historical cumulative net inflow has reached $35.96 billion. The net asset value of the Ethereum spot ETF is $12.13 billion, and the net asset ratio (the ratio of market value to the total market value of Ethereum) is 2.99%. The historical cumulative net inflow has reached $2.629 billion.
4. James Fickel, a firm ETH/BTC exchange rate bull, swapped 6,500 WETH for 225.6 WBTC yesterday, worth $21.68 million.
Returning to today's daily BTC
#BTC technical market analysis, from the perspective of candlesticks, the 1-hour timeframe is consolidating, the 4-hour timeframe is declining, the 12-hour timeframe is declining, and the daily timeframe is declining. The intraday resistance is at $96500, with support at $92000.