Web3 Market Analysis$BTC $ETH $BNB
Let me talk about the analysis results first, followed by the analysis arguments and logic:
BTC is consolidating around 100,000. Below 95,000, you can open a small position. It is recommended to open a position at 80,000. The view is that you must not open a contract before December 27. Let's talk about it after December 27. Be alert to the possibility of a big drop tonight.
BNB is expected to fluctuate between 700-750. If you have positions, you can do quantitative trading and move back and forth. You can build positions in batches below 700.
ETH is expected to fluctuate around 4,000, which is suitable for regular investment and is likely to have a major breakthrough in the short term.
Let’s talk about the indicator observation and inference logic:
1. From a technical indicator perspective, BTC continues to consolidate around 100,000, with no new breakthroughs. Currently, other major coins and large altcoins are declining more than BTC, indicating a situation where BTC's price is being maintained by a draining effect, which can also be understood as some capital flowing out. If it continues to move sideways, it is not favorable for BTC to maintain at this price level. Unless this draining can help BTC reach new highs within 24 hours, the market situation appears relatively dangerous, and we should be cautious of a potential crash tonight.
2. Observing the greed and fear index: currently at 78, down by 1 from yesterday, which indicates greed and is in a relatively normal range; market enthusiasm is still present.
3. Observing the maximum pain point of options in the next 3 months: currently, there are no maximum pain points exceeding 100,000, so it is expected to fluctuate around 100,000. This observation is still relatively valuable.
4. ETFs have calmed down over the weekend; we will observe the US stock market opening tonight.
5. From the RSI index, currently, indicators within 7 days are in the overbought range, and the 24-hour indicator also shows strength, with selling pressure still relatively high.
6. The coin holding index is 1.6, which is relatively high, still not suitable for regular investment in coin accumulation; it is better to buy on dips.
BNB has dropped to around 710, and the overall trend is not good; the downward trend has not stopped, and only below 700 can we gradually pick up chips. ETH has also declined, but the drop is limited. It is estimated that institutions will continue to increase their holdings tonight, so as long as BTC does not drop significantly, ETH is relatively safe and will not experience a large drop like other major coins and large altcoins.