#特朗普撤销农产品关税 Did you catch that recent low of 2943 USD? The recent market movement has been quite exciting.

The current price has climbed back to around $3150, and overall it seems to be contending with the $3000 barrier. The sharp drop a few days ago was indeed overdone, and the rebound after the overselling has come quickly. Technically, it has now returned to a reasonable range, with signs of continuing to move upward in the short term.

The key point is whether it can break through 3200 USD. This position has obvious resistance, if it stabilizes, 3300-3400 USD is not a dream. Failed to break through? Then prepare for a pullback, we may see 3050-3100 USD again.

Interestingly, there is action happening off the exchange. Retail investors are taking losses while institutions are accumulating—BitMine has directly increased its holdings by 34%, now holding 833,000 Ethereum, and whales are also building positions against the trend. On the ETF side, capital inflow is stable, indicating that institutions have a clear long-term perspective.

Of course, there are also pressure factors. The expectation of the Federal Reserve's interest rate cuts has cooled down, and the fluctuations in Bitcoin have transmitted over, making the market sentiment a bit tense in the short term. However, the technical upgrade in December is something to look forward to, as it will improve transaction speed and reduce Gas fees, which is a real benefit for the ecosystem.

Talk about the operational idea:
Short-term traders can focus on $3200. If it can't break through, try a light short position with a stop loss set at $3250 and a target near $3020. This range of fluctuations is enough for you to capture a few waves.

For a long-term strategy, institutions recognize the price level of $3000, and small positions can be entered in batches. If it falls below $2900, consider stopping losses and exiting.

Just a final reminder, the crypto market is highly volatile, so don't go all in. Pay close attention to the breakout situation at the 3000 dollar support and 3200 dollar resistance levels; market feel is more important than strategy.

Pay attention to these two recently: XAN, SKYAI