Agent8

Are institutions and big players also unable to hold on? They are starting to deposit Bitcoin and ETH into exchanges!
In just 24 hours, there was a net inflow of 1930 Bitcoins, which means nearly 200 million USD worth of Bitcoin might be used to sell off!
Is this to cut losses or for holiday spending? Actually, you can't trust institutions too much; many times, institutions are also just bigger little guys.
The European and American Christmas holidays will end gradually from January 4-6. During this period, without capital support, even a small sell-off can cause a big drop. During this period

Christmas is coming soon, and it looks like a Christmas crash is inevitable, with a plunge brewing.
Bitcoin has already broken through $85,000, just waiting for $80,000. Where will the deadly dip occur? Can the previous low of $74,000 hold?
Most altcoins have already been wiped out, and the next 90% of coins will go to zero. When Bitcoin falls below $85,000 and it's not a leading coin, just cut your losses and sell.

Although late, but finally here. Currently in a position that is neither here nor there, any major financial event triggers sharp fluctuations.
Although the US CPI is positive, it’s of little use. BTC held for 3 hours and then dropped, just as predicted this afternoon: short-term rebound, medium-term still bearish. Now every rebound is an opportunity to short and sell.
The market here still needs a violent shakeout to completely crush hope! No one dares to call for a big bull run.

BTC and ETH are now in a "weak oversold sideways consolidation in a downtrend," which is a typical downtrend continuation;
Although there are short-term rebound conditions, the medium-term structure remains bearish; the true direction depends on the five major economic events announced intensively over the next two days, as mentioned in the previous tweet. The most influential are tonight at 9:30 PM US CPI data (if the data exceeds expectations, expect further decline) and tomorrow at 11:00 AM Japan interest rate decision (likely rate hike, continue to fall);
The current volume-consolidation i

#交易机器人# I am using the ETHUSDT contract grid bot on Gate, with a total return since creation of +153.38%

8:30 may be a market turning point, after so many days of fluctuations, it's time.
Of course, the overall market is still looking bearish and expecting a correction. In fact, before Powell made his remarks, he had mentioned that Bitcoin hitting 100,000 and ETH 4,000 was very likely to happen; it was just that Powell's comments delayed this situation. As shown in the figure below.
Short-term resistance for BTC is $112,900, with support below at $107,000 and $105,500; short-term resistance for ETH is $4,480 and $4,520, with support below at $4,200 and $4,100;