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Hello everyone, I am Liyuan. I will be broadcasting live tonight at exactly 8 o'clock. The overall BTC market fluctuated slightly over the weekend, with the global cryptocurrency market value falling to 3.24 trillion, but BTC remained relatively stable, demonstrating its safe haven nature as a "digital gold". In the past week, BTC has been consolidating in the range of 90000 to 92000, influenced by macroeconomic policies and investor sentiment.
Expert analysis indicates that institutional capital inflows into ETFs are beginning to rebound, with BTC ETFs recording a net inflow last week, marking the first time since late October and potentially driving a short-term rebound above 92000 to 95000. But if it fails to hold onto the support of 90000, it may further test the low point of 88000. In the long run, BTC still has upward potential by the end of the year, with a focus on the December interest rate cut data.
Today's market analysis of ETH shows that Ethereum has been fluctuating at $3000. ETH performed better than the market today, slightly falling 2.2% from its high of $3099 before rebounding, benefiting from a net inflow of $257.2M (82% of the total inflow) from the Spot ETH ETF last week. Network upgrades (such as Dencun) and DeFi demand continue to support prices, and analysts predict that it may rise to $3850-$3900 by the end of the year. The short-term resistance level is at 3070, and if it breaks through, it can be seen at 3100-3130; Below support 2960-2900, if BTC faces ETF outflow pressure, ETH may experience a pullback.
The price of SOL has been fluctuating at 136 today, with a 24-hour increase of 1.37%. SOL fluctuated in the 135-142 range today, with a weekly increase of 8%, but the overall market downturn of 1.27% dragged down its momentum. Technically, SOL is challenging resistance of $142, and if it breaks through, it can sprint 150-155; SOL ETF recorded a net inflow of $5.4M on Friday, despite short-term uncertainty caused by CoinShares' withdrawal of its staking ETF application.
The forecast shows that SOL is expected to rebound to the 180-200 range by the end of the year, and further rise to $150-160 in December, thanks to low transaction fees ($0.00025/transaction) and ecological growth (such as memecoin and DeFi). The current sentiment is bearish (Fear&Greek index 25), but highly correlated with ETH. If altcoin rebounds, SOL is expected to lead the rise.
Overall market observation: The cryptocurrency market is under pressure today, but BTC/ETH/SOL ETF inflow signals have rebounded, indicating a recovery in institutional confidence. Investors should pay attention to the US PCE inflation data and BTC stability. If there are no major negative events, they should be bullish in the short term.
Operation suggestion:
BTC retraces to the 90000 mark, with mid-term pressure at the 2-day line level, resistance at 95000, and small-scale rebound at 92300 pressure.
ETH upgrade is about to rebound with resistance at 3100, and only after stabilizing at the 3000 level can it continue to rise. Small level support at 2968 can be accepted for orders, rebounding in the range of 3043-3063. SOL rebounded 140 but did not stabilize and retraced 136-133. Please pay attention to the rebound resistance at 140-142
Tonight's live broadcast will explain real-time short-term orders to everyone, including the layout of mainstream Ethereum knockoff market in the future
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Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.