- Support Level: $3,050 (2/8 Murray channel + yesterday's low), $2,980 (21 SMA + institutional cost area) - Resistance Level: $3,170 (4-hour MA30 moving average), $3,200 (200 EMA + psychological level) - Trend: Affected by discussions on SEC privacy policies and expectations for the Fusaka upgrade, prices fluctuate in the range of $3,050-$3,170. On-chain data shows that exchange reserves have decreased to 15.2 million coins (historical low), whale holdings have increased to 15.8%, but the derivatives market's open interest has decreased by 8% to $12.7 billion, indicating a cooling of short-term speculative sentiment. The technical analysis shows weak fluctuations, with RSI (4-hour) hovering around 45, MACD green bars contracting, and OBV indicators diverging from price, suggesting a decline in bearish momentum.
II. Intraday Trading Strategy
Long Opportunities
1. Buy on Support - Conditions: Price retraces to $3,050, 15-minute candlestick closes bullish with increasing volume - Target: $3,170 → $3,200 - Stop Loss: $3,020 2. Breakout Long - Conditions: Effectively recovers $3,170 (4-hour candlestick closes above) - Target: $3,200 → $3,310 - Stop Loss: $3,150
Short Opportunities
1. Sell on Resistance - Conditions: Price reaches $3,170 and RSI shows a top divergence - Target: $3,050 → $2,980 - Stop Loss: $3,200 2. Follow-up Short After Break - Conditions: Breaks below $3,050 with increasing volume - Target: $2,980 → $2,920 - Stop Loss: $3,080
III. Medium to Long-term Layout Suggestions
1. Spot Strategy - Gradually build positions: Buy in the range of $2,980-$3,050, with a focus on the $3,050 support - Core Logic: Fusaka upgrade reduces Layer-2 costs (expected transaction fees decrease by 95%), staking deflation mechanism (annual burn rate of 0.5%-1.5%), institutional holdings exceeding 11% forming price anchoring 2. Institutional Trends - ETF Fund Inflows: Daily net inflow exceeds $1 billion, BlackRock ETF holdings reach 82,000 coins - Whale Accumulation: Cypherpunk Technologies plans to increase holdings to 5% of circulating supply 3. Technical Route Catalysts - Fusaka Upgrade: Activated on December 3, supporting Layer-2 TPS breakthrough of 12,000 transactions - Verkle Tree Integration: Launching in 2026, reducing node storage requirements by 87.5%
Based on the latest market dynamics and technical signals, the following is the intraday strategy adjustment for BTC (Bitcoin):
1. Key levels and trends
- Support levels: $87,500 (short-term strong support + 200-day moving average), $85,000 (previous central range) - Resistance levels: $90,400 (CME futures gap), $92,000 (four-hour Bollinger middle band) - Trend: Affected by expectations of a shift in Federal Reserve policy and institutional liquidation, the price has broken below the key support of $88,000, with an intraday decline of over 2.4%. On-chain data shows that exchange reserves have dropped to 1,520,000 (a new low in nearly 3 months), but the share of whale holdings (≥10,000 BTC) has increased to 18.7%, indicating that long-term capital is still accumulating. The technical indicators show a bearish arrangement, with the RSI (4-hour) reaching the oversold zone at 30, and the MACD green bars increasing, but the OBV indicator has not made a new low, suggesting that selling pressure may be diminishing.
The orders are continuously being output. The short positions in Ethereum from yesterday and today, as well as the top catch in ZEC, have all yielded results. At this point, all I can do is congratulate those who followed along! #ETH
😭Thank you for giving me the opportunity. Yesterday was too tortuous. I deposited 50U and frequently traded, making a trade every minute to grab a U and run. Well, after trading all day, I finally reached 150U. I saw #ETH rise to about 2850, thinking I could short and make a quick profit of over ten dollars. Unexpectedly, as soon as I set the short position at 2853, it shot up. I couldn't bear to cut my losses, and in the end, my last trade left me with only 17U. I had no choice but to go all in on the event contract.