ETH has declined, with a trading volume of $50.3 billion in the past 24 hours and a circulating market value of $408.8 billion, representing a 0.25% decrease in market value. Data for reference only
The trading volume of Binance SUI/USDT surged tenfold within 10 minutes, with a transaction volume of 391 million US dollars in the past 24 hours, an increase of 4.42%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.
According to the main single order statistics, BTC spot traders have already reached a bottom of 130 million US dollars in the price limit range of $92250~$95000. At the same time, under the 45 minute custom cycle, MACD has formed a line deviation, but the price has not successfully broken through the EMA24 moving average. Attention: Key support: $93880~$93925, there is chip peak support, and it is located near the 78.6% Fibonacci retracement level Average pressure:$ 94930$ 96015, MACD yellow white line is still below the zero axis, there is a risk of backdrawing Special Reminder: The US stock market is closed tonight. Please pay close attention to the Asian market situation during the day. As of the time of writing, Binance spot traders are still selling at market prices. Please set up the 'Large Transaction' indicator to track this. The data is sourced from PRO members and is for reference only. It does not constitute any investment advice
Click to enter the live broadcast room: https://meeting.tencent.com/dm/P14XQkeQ9GrE 1. The current Bitcoin price is facing significant impacts from several dimensions based on the basic market rhythm. Firstly, Trump's previous campaign to become the President of the United States continued to stimulate the rise of Bitcoin, and now there is still a chance for Trump's inauguration in late January to continue stimulating the upward trend. But this year, the pace of the Federal Reserve's interest rate cuts has only had three opportunities throughout the year, with an overall downward space of 75 basis points, which has affected the sustainability of market liquidity. In addition, the US Department of Justice has been approved to liquidate 69370 BTC seized in the Silk Road case, causing significant bearish effects on the market. The convergence of several market wills is expected to have a rough rhythm, possibly due to the recent news of the Justice Department's coin sales continuing to stimulate Bitcoin's violent fluctuations. However, as Trump's inauguration approaches, a new round of upward movement will begin next week. Note that after Trump takes office, the market will see the Federal Reserve's interest rate decision at the end of the month. What impact will it have? 2. Bitcoin is currently at the daily level, forming a head and shoulder pattern of a large cycle, but this pattern has not been fully formed. It has gained support from the neck line around 92000, but if it falls below the neck line and experiences panic acceleration, there is a high possibility of a significant decline, and caution should be exercised. But the neck line at the top of the head and shoulders is a concentrated area for chips, and it is not easy to break below it at present. It is difficult for the head and shoulders to complete the downward trend of breaking the line, which is also an important reason for today's sharp rebound. The divergence between the daily MA7 and the price has formed a turning point, which may lead to a pattern of rebounding and touching the moving average before being suppressed and explored again. MA7 is currently a pursuer for bears, and the neckline is a strong shield for bulls. Which do you think will win? 3. The pressure level and support level of Bitcoin's daily bottom support are in the range of 91300-92000, and the stronger pressure level above is in the range of 96000-96500. The daily moving average gradually forms a bearish pattern. The bottom support of the Ethereum daily chart is in the range of 3150-3200, and the strong pressure level above is in the range of 3450-3500. The daily moving average and short-term moving average have significant deviations. Welcome to the 14:30 live broadcast room for discussion and exchange QQ group: 605732733 Tencent Meeting: 798-801-680 Disclaimer: The above content only represents the author's personal views and is for communication and sharing purposes only. It does not represent the position or viewpoint of AICoin and does not constitute any investment advice or external contacts. It is not related to AICoin and the consequences are borne by AICoin
According to AICoin monitoring, the net outflow of US spot BTC ETFs reached $569 million yesterday, the highest daily net outflow since December 20th. Among them, FBTC had the largest outflow of funds, reaching 259 million US dollars; Next is ARKB, with an outflow of $148 million. According to AICoin's "Spot BTC ETF Tracking" real-time trading strategy, there is a significant positive correlation between ETF fund inflows and BTC prices. Subscription indicators can be used to automatically place orders based on fund flows. Data for reference only
Odaily Planet Daily News: According to an anonymous source cited by Reuters last week, the cryptocurrency industry has been lobbying Trump to issue an executive order within his first 100 days in office to establish a US Bitcoin reserve, ensure the industry has access to banking services, and create a cryptocurrency advisory committee. The report also stated that the industry expects at least one order to be issued on January 20th. An analyst told MarketWatch that Bitcoin may rise to a historic high of over $125000 in the first quarter of this year, or drop to $77000- the key is whether Trump will soon fulfill his promises to the cryptocurrency industry after taking office. These commitments include that he will turn the United States into the "cryptocurrency capital of the Internet" and the "superpower of bitcoin in the world". (Golden Ten)
