BTC stuck between 92K-93K, with 91,000 dollars as the critical line! Bitcoin continued to oscillate in the narrow range of 91K-93K on Friday, repeatedly hitting resistance at 93,500 dollars and falling back, forming another 'lower high'. If it falls below 91,000 dollars, the lower range of 90,000-90,500 dollars will be quickly exposed; the bulls must hold above 93,200 dollars to turn the tide. Other major altcoins saw a general decline: Solana fell by 4%, XRP dropped nearly 5%, and Cardano fell by 2%, while Ethereum bucked the trend with a rise of over 5%, reaching a two-week high of 3150 dollars. ETF fund flows are clearly diverging: Bitcoin products experienced a net outflow of 14.9 million dollars, while Ethereum attracted 140 million dollars, with shorts liquidating over 100 million dollars. Macroeconomic situation: U.S. November ADP employment significantly underperformed expectations, with the probability of interest rate cuts approaching 90%, causing the dollar to fluctuate violently, and increasing volatility in risk assets. Vanguard Group opened a crypto ETF, and banks are allowing 1%-4% allocation, with continuous signals for institutional entry.
In the short term, the range oscillation suggests that as long as 91K holds, the bulls still have a chance; if it breaks down, run! What will you choose?
