#加密生态动态追踪 $BTC has been fluctuating between 91,000 and 92,000 USD these days. Yesterday it briefly surged to 93,000 USD, but this morning it fell back again, still stuck in the range of 88,000 to 94,000 USD. Looking back at the whole market trend: after reaching a historic high of 126,000 USD in October, risk assets started to decline in November—profit-taking selling pressure, no surprises from the Fed’s rate cuts, and a clear decline in risk appetite, BTC plunged from above 100,000 USD directly down below 90,000 USD.

From a technical perspective, 88,000 USD is the bottom support level; holding this line means no breakdown. The resistance is around 94,500 to 95,000 USD; a breakout is needed to continue towards 100,000 USD. The current market sentiment is neutral to conservative—ETF inflows are still ongoing but at a slowing pace, large players and seasoned traders are selling and withdrawing simultaneously, so short-term consolidation is still needed. For long-term holders, the expectation to surge to 110,000 to 120,000 USD by year-end remains; short-term traders can defend the 89,000 USD and 94,500 USD levels for rebounds, but don’t be greedy.

$ETH is now swinging around the 3,200 USD mark. Last night it peaked at 3,400 USD, but this morning it retraced to the 3,100 to 3,200 USD range, with a 24-hour decline of 3% to 4%. The situation is similar to main cryptocurrencies—high-level corrections: after reaching a historical high of 4,850 USD in November, selling pressure increased in December, and the Fed didn’t provide any bright signals. The overall market sentiment cooled down, and Ethereum was hammered straight down from 3,800 USD.

The key support levels now are around 3,100 to 3,150 USD; holding this area leaves room for rebounds. Resistance is at 3,400 to 3,500 USD; breaking through these levels could lead to a return to 3,800 USD or even 4,000 USD. ETF inflows are still continuing, but the volume is small, and many whales have already started quietly building positions at low levels. In the short term, the market will continue to oscillate and bottom out. Long-term optimistic investors shouldn’t worry too much about daily fluctuations—many are eyeing the 4,000 USD level by year-end. For short-term trading, focus on the 3,100 and 3,400 USD levels for high selling and buying, and control risks.