December 12, 2025 Ethereum is primarily in a volatile pattern. Current situation: Ethereum previously encountered strong resistance at $3400 and fell back, oscillating narrowly around $3200 during the day, having dipped to $3140 before recovering. It is currently in a consolidation phase after retracing previous gains, and compared to Bitcoin, it shows slightly weaker performance. Key support level to watch is $3150, which is a critical on-chain support with a large number of positions concentrated here; if it breaks down, it may test $3100 and $3000. Resistance levels are concentrated between $3280 - $3320, with further resistance in the $3350 - $3400 range. In the 4-hour chart, the MACD has a dead cross with decreasing volume, and bearish momentum has somewhat weakened, but a golden cross has not formed yet, indicating limited short-term momentum recovery; the middle band of the Bollinger Bands at $3230 forms resistance, and EMA15 provides support at $3122; the STOCH RSI is in an overbought state, suggesting a certain demand for short-term pullback. Make sure to set your stop loss #ETH走势分析 #加密市场观察 $ETH
On December 12, 2025, Bitcoin exhibited significant volatility and has since been in a consolidation phase. Currently, analysis indicates that after the Federal Reserve cut interest rates, Bitcoin briefly surged above $94,000, followed by a sharp decline, dropping below the $90,000 mark this morning and hovering around $89,800. It then rebounded, rising over 4% from the daily low. The current focus is on key price levels, with strong resistance forming in the $93,000 - $94,000 range, where multiple attempts to break through have met obstacles. The 4-hour chart shows weak short-term momentum, with the MACD indicating a death cross, yet overall it remains within an upward channel. Short-term support is concentrated in the $88,000 - $89,000 area, which is also a critical lifeline for bulls; if lost, it may further decline to $85,000. Looking at a broader range, support can extend to $91,000 or even $90,300. The intraday structure is likely to maintain a downward bias within the consolidation range, as bullish momentum has been fully exhausted. Additionally, the hourly chart shows a converging triangle pattern, with the magnitude of pullbacks gradually decreasing after multiple tests of resistance. Stop-loss set at #美联储降息 #比特币波动性 $BTC
On December 11, 2025, Ethereum was affected by the Federal Reserve's hawkish rate cut, surging before significantly retreating. Current situation: Today, Ethereum's trend synchronized with Bitcoin, initially rising to around $3450 following the Federal Reserve's rate cut news, then quickly falling back, stabilizing around $3280 for the day. At one point, it struggled around the $3260 line, and the five-day bullish trend was halted. The capital situation is relatively favorable, with its spot ETF receiving funding favor. For example, the BlackRock's staked Ethereum ETF attracted $620 million in funds within the first ten days of its listing. However, the market is highly volatile, with over $300 million in liquidations across contracts in the past 24 hours, affecting more than 110,000 people, and Ethereum is also caught in a long and short squeeze. Different levels of chart signals show discrepancies; the daily chart previously indicated a bullish trend with a moving average lineup, but the price encountered resistance at the daily MA60 moving average and there was a formation of a evening star pattern indicating potential pullback risks; the 2-hour chart is in a fluctuating upward trend, although MACD momentum is weakening. The current price has not broken through the key resistance of $3397, nor has it fallen below the key support of $3250, showing significant range-bound characteristics with a rising short-term adjustment demand. The Federal Reserve cut rates by 25 basis points this time but released hawkish signals. The dot plot indicates plans to only cut rates by 25 basis points in 2026, weakening expectations for a rate cut in January next year, which is the core factor leading to Ethereum's surge and retreat. Currently, it is mainly a rebound short strategy, and make sure to set a stop-loss at #美联储降息 #ETH走势分析 $ETH
After the Federal Reserve's interest rate cut on December 11, 2025, Bitcoin exhibited a sharp downward fluctuation. Current situation:
In the early morning, after the Federal Reserve announced the third interest rate cut of the year by 25 basis points, BTC briefly surged to $94,500, with the daily chart showing two consecutive long upper shadow candlesticks, indicating strong selling pressure around $94,000; on the 4-hour chart, the price is in a neutral state within a dual moving average system, the MACD green momentum bars are declining, and the fast and slow lines are about to form a high-position death cross. The 1-hour chart has already formed a death cross, and there is a high probability of further downward movement during the day. At the same time, $90,000 serves as a key support level under this pattern. Recent inflows into Bitcoin spot ETFs have significantly slowed, with approximately $60 million net outflow on December 8, reflecting cautious institutional attitudes; however, whales are actively accumulating at market lows, showing that large holders still have confidence in the market's future. Overall market sentiment is affected by short-term fluctuations, hovering near 'extreme fear.' The short-term core focus is on the effectiveness of the $91,500 support. If it fails to hold or dips to $88,800; if it can stabilize and rebound above $94,000, it may continue the upward trend with a stop loss of #美联储降息 #加密市场观察 $BTC
Ethereum's strong performance as of December 10, 2025: Last night, Ethereum fluctuated upwards from around 3100, once reaching a high of 3397, and this morning it retracted to around 3300 and stabilized. Its strength is partly due to the sector's linkage effect from Bitcoin ETFs, and partly thanks to its own active ecosystem and market recognition of its resistance to downturns after upgrades, with net capital inflow increasing over 24 hours. The daily level shows four consecutive bullish candles, breaking through the previous fluctuation range, with moving averages contracting upwards to form a bullish trend. Momentum indicators like MACD have golden crosses upwards, and the K-line once broke through the upper Bollinger Band before retracting to contest support. Key resistance is concentrated in the 3400 - 3500 USD area, where there are many trapped orders, making it difficult to break through; strong support below is at 3200 - 3250 USD, with a short-term moving average cluster at 3150 - 3180 USD being an important defense level. If this area is maintained, the upward structure will be intact, with a key focus on the Federal Reserve's interest rate decision to be announced at 3 AM tonight, which may reverse at any time #美联储FOMC会议 #ETH走势分析 $ETH $BTC
On December 10, 2025, BTC exhibited a strong breakout followed by high-level oscillation, influenced by expectations of interest rate cuts. Current analysis: In the early morning, BTC strongly broke through $94,000, reaching as high as $94,500, with an increase of over 4% in the past 24 hours. However, it subsequently retreated due to not breaking the resistance level of $95,000, and is currently stabilizing at the key level of $92,000, with intense competition between bulls and bears at high levels. The resistance level above is closely near $95,000, which is both a psychological round number and a recent area of strong liquidity. A breakout could lead to a target of $97,000 - $100,000; below, $93,000 has shifted from previous resistance to initial support, with more critical support levels at $91,000 (the top of the previous platform) and the $88,000 - $90,000 range. In terms of technical indicators, the daily EMA trend indicator is contracting upwards, and the MACD is continuously increasing its volume. The 4-hour chart RSI has the potential to enter the overbought area, indicating a short-term need for a technical pullback. The key tonight is that the interest rate cut situation may reverse at any moment #加密市场反弹 #美联储FOMC会议 $BTC $ETH
13-year-old girl saves boy from ice hole: On December 6th at Yuhai Lake in Ningxia, a little boy accidentally fell into an ice hole, and the surrounding adults were afraid to rescue him due to concerns about the ice collapsing. A first-year middle school student, Li Jiatian, rode by on her bike and said she was light enough to help. She picked up a plastic pipe and lay on the ice to try to save him. During the process, the ice cracked again, and she also fell into the hole. However, she held tightly onto the plastic pipe, and in the end, the crowd on the shore worked together to pull both children to safety. Afterward, Li Jiatian quietly went home with wet clothes, and the incident only came to light when her aunt saw the video. She received a reward of 5000 yuan from a charity organization, and netizens praised her bravery while also reminding young people that their own safety should be a priority when rescuing others.
On December 9, 2025, Ethereum exhibited a volatile situation: Since yesterday, Ethereum rose to 3180 before retreating, bottoming out at 3076 and rebounding to oscillate around 3150. The current price is fluctuating around 3100, showing a more pronounced resilience compared to Bitcoin. It dropped to $2900 from the evening of December 8 to the early hours of December 9, then gradually rebounded without further extending the decline. The daily chart has seen consecutive bullish closes with progressively higher highs, the EMA trend indicator is contracting upwards, and the candlestick has stayed above the EMA15 trend line at 3050 for three consecutive days but bullish momentum is weakening; MACD has increased volume and accumulated positions, and the Bollinger Bands are contracting, with the upper band at 3215 and the lower band at 2735. The four-hour chart shows stronger performance, with the candlestick repeatedly testing the resistance level at 3170, MACD has consistently increased volume and formed a golden cross, while the upper Bollinger Band at 3154 has been breached multiple times, indicating bullish strength over bearish. Resistance is concentrated in the range of 3180 - 3240, which is a resistance platform formed by yesterday's and earlier rebound highs, with a core resistance at 3240; in terms of support, the short-term support is at the 3050 level, with strong support at the psychological level of 3000. If this level is breached, the risk increases. Always set a stop-loss at #ETH走势分析 #加密市场观察 $ETH
Market dynamics and current situation on December 9, 2025:
Since yesterday, BTC has broken through $92,000, then faced a sell-off and quickly fell back, once dropping below the $90,000 mark. It hovered around $90,500 at noon. In the past 24 hours, over 96,000 traders have been liquidated, with a total liquidation amount exceeding $280 million; there has been continuous capital outflow from Bitcoin ETFs in the U.S., and the trading volume on exchanges has turned negative. Many investors are taking a wait-and-see attitude, and market sentiment is weak. On the daily chart, the Bollinger Bands are in a contracted state, with the upper band at $94,050 and the lower band being the key boundary of the range. The EMA30 trend line at $93,300 acts as resistance, while the 20-day moving average at $89,300 provides support. The 4-hour chart shows a significant sideways pattern, with the EMA trend indicator contracting. The upper band is at $91,640 and the lower band at $88,400 forms a volatility range. The MACD shows insufficient volume, and the short-term trend is unclear, requiring a breakout signal. If the Federal Reserve releases dovish signals, BTC is expected to challenge the resistance range of $93,000 - $95,000, and if broken, it could look towards $99,000 - $100,000; if a hawkish stance is indicated, prices may test the support band of $85,000 - $88,000, and falling below $80,000 could lead to further declines to $60,000. Most opinions suggest a short-term wait-and-see approach before entering the market after support or resistance levels are broken. #比特币VS代币化黄金 #BTC走势分析 $BTC 15
On December 8, 2025, Ethereum showed a rebound. Current situation: Last night, Ethereum hit a low of $2903, then V-shaped rebounded to around $3150, an increase of over 8%. The 24-hour high reached $3132.62, with a market capitalization maintaining around $375 billion. However, the subsequent upward momentum is insufficient, and the price is consolidating in the range of $3050 - $3110. Overall, this is a technical recovery from last week's oversold market. From a technical perspective: the short-term resistance above is first seen in the $3150 - $3180 range, with further resistance at $3220 - $3250. If it can effectively break through, it is highly likely to open up upward space to $3400 and above; on the support side, $3000 is the key psychological level, and at $3050 there is a previous breakout point and a daily moving average level forming support, with further support in the $2900 - $2950 range. Additionally, while the price is rising, short-term indicators like MACD and RSI still show bearish signals, and the divergence between price and indicators indicates that the foundation for the rise needs to oscillate upwards. #ETH走势分析 #加密市场观察 $ETH
On December 8, 2025, Bitcoin experienced significant volatility, and the technical indicators show that it is currently in a critical range of speculative trading. The current situation:
After hitting a low of $87,800, Bitcoin rebounded sharply, reaching a high of $91,700, before falling back into volatility. This morning, it fluctuated around $91,000, showing an upward trend over the past 24 hours, but during the day, bulls and bears have been battling around the $90,000 mark, with the total liquidation amount across the network reaching $350 million, highlighting the intense short-term fluctuations. The core influencing factor is the Federal Reserve's interest rate decision on December 10, with the market currently pricing in an 87% probability of a 25 basis point rate cut. If the rate cut is implemented, it could provide liquidity support for Bitcoin; however, there are internal disagreements within the Federal Reserve regarding rate cuts, and uncertainties such as the balance sheet plan, combined with institutional fund recovery at the end of the year, have led to cautious market sentiment, resulting in the current volatile market. On the daily chart, prices are attempting to build a consolidation box between $87,000 and $92,000, currently at a central position, with resistance concentrated at $91,500 to $92,000, and further resistance at $93,000 to $94,000; support is initially seen at $89,000 to $89,500, with strong support located at $87,500 to $88,000. If this range is broken, it may trigger a deep correction. The 4-hour Bollinger Bands are flattening and narrowing, indicating a balance of short and long forces in the short term, and the MACD indicator is not synchronously strong, suggesting insufficient rebound momentum, likely maintaining a range consolidation. For high short and low long positions, those looking to trade can short between $92,300 and $93,300 with a stop loss at $93,800. For long positions, you can test the entry point between $87,300 and $88,300 with a stop loss of 1,000 points but be mindful of the resistance above. Take profit when you see a good opportunity, and always set a stop loss #加密市场观察 #比特币VS代币化黄金 $BTC
On December 7, 2025, Ethereum is at a critical stage of the bull-bear game, with prices fluctuating around key ranges. Current situation:
Today, Ethereum is trading in the range of $3026 - $3050. Similar to Bitcoin, trading volume has halved in the last 24 hours, and the overall market activity is flat, as investors remain cautious due to the upcoming Federal Reserve meeting. The recently completed Fusaka network upgrade has improved network throughput, supporting the long-term ecosystem, but has not significantly pushed prices to break through in the short term. Key support and resistance: On the support side, $3000 is an important psychological support level, and the 20-day moving average near $2988 provides strong technical support, with a 2-hour level forming support in the range of $3040 - $3050; on the resistance side, $3070 is a key short-term resistance, while $3200 above is an important threshold that opens up upward space, with stronger resistance concentrated in the range of $3350 - $3400. Technical and funding signals: The technical outlook presents conflicting signals, with the MACD indicator showing signs of increasing bullish momentum, but the 2-hour trend is weak, and a bearish pattern resembling a 'evening star' has appeared on the daily chart, suggesting potential short-term pullback risks; additionally, the ETH/BTC exchange rate has broken the downtrend line, which may indicate a shift of funds from Bitcoin to Ethereum. In the derivatives market, the open interest in Ethereum futures has soared to $60 billion, with a long-short ratio exceeding 2.5, but option trading volume has decreased by 23%, with the market leaning more toward futures trading. There is no liquidity focus on Sunday, closely watching the night market. #ETH走势分析 #美联储降息预期升温 $ETH
On December 7, 2025, Bitcoin showed a volatile consolidation trend, with bulls and bears competing around key price levels, and the short-term direction remains unclear. Current situation:
1. Price performance: On that day, Bitcoin broke down below $89,000, with a nearly 1% decline during the day. Previously, it rebounded from the monthly low of around $86,000 and has been repeatedly contesting the $90,000 mark, currently in a volatile recovery phase after the decline. In a short time frame, the 2-hour candlestick chart showed consecutive upward movements, indicating a slight upward trend. The MACD indicator suggests short-term rebound momentum, but the bearish pressure on the daily level has not completely dissipated. 2. Key points: Resistance levels are concentrated between $93,000 and $95,000, which is the key threshold for initiating a higher-level rebound; support levels are between $88,000 and $90,000, with $89,000 being the short-term dividing line of strength. If it fails to hold above $88,000, it may drop to $86,000 or even lower positions. If the $90,000 mark cannot be effectively broken through, the market is likely to trend down further, with a focus on the night market #比特币VS代币化黄金 #加密市场观察 $BTC
On December 6, 2025, Ethereum is at a critical price game period. Although there are long-term benefits from network upgrades, there is a cautious outlook in the short term due to market volatility and macroeconomic influences. Current situation:
1. Price performance and technical aspects: On that day, Ethereum's price fluctuated around the critical $3000 mark, with variations in price between $3023 and $3037 before publication. The intraday high was $3192, and the low was $2978. In terms of technical indicators, the daily level broke below the EMA15 trendline support, and the MACD bearish momentum has increased. Key resistance levels are concentrated between $3150 and $3200, while the core support area below is between $2850 and $2900. If this area is broken, it may further drop to $2700 - $2750. 2. Network and fundamentals: Recently, Ethereum successfully completed the Fusaka network upgrade. After the upgrade, the blob base fee surged nearly 15 million times, which is a reasonable correction for the network returning from an abnormally low price to its true cost. This upgrade allows L2 fees to become market-oriented through relevant mechanisms and will also increase the annual ETH destruction volume by 8 times. Furthermore, after the subsequent implementation of PeerDAS, the blob capacity will increase by more than 8 times, which is beneficial for ecological development in the long term, but short-term benefits need time to transform into market momentum. 3. Market and macro environment: On that day, the overall cryptocurrency market was highly volatile. Bitcoin's significant drop led to a simultaneous decline in Ethereum, with the CME Ethereum futures main contract falling by over 4%, and more than 130,000 people across the network faced liquidation. At the same time, the market is awaiting the Federal Reserve's interest rate decision next week, with macro sentiment leaning towards caution. Institutional funds continue to flow out, and the open interest in Ethereum futures is at a historically low range, lacking sufficient funds to drive a significant price breakthrough in the short term. #ETH走势分析 #加密市场观察 $ETH
On December 6, 2025, BTC showed a significant price drop and a sluggish market sentiment, influenced by multiple factors including macro policies and institutional capital flows. The current situation:
1. Price and market performance: BTC experienced a sharp decline within the day, once dropping over 4% to $88,069, and as of noon on the 6th, hovered around $89,000, with a drop of over 3% in the past 24 hours. The severe volatility triggered large-scale liquidations, with over 133,000 people liquidated across the network, and the total liquidation amount reached $425 million, among which the long position liquidation amount was $349 million, becoming the main affected group. 2. Technical analysis: The daily chart shows a downward trend, with 2-hour candlesticks continuously closing bearish. The MACD bearish momentum is strengthening, and the price has clearly come under pressure after breaking below the EMA7. The key support zone is between $88,000 - $90,000, which is also the key defense line for long positions; the upper resistance zone is concentrated between $94,000 - $95,600, where strong selling pressure was encountered near $94,000 during the previous rebound. If the support level of $88,000 is lost, it may further dip to the $85,000 range or even lower. 3. Core influencing factors: On one hand, institutional funds continue to flow out, with BlackRock’s IBIT seeing a cumulative outflow of over $2.7 billion in the past five weeks, indicating weak institutional demand; moreover, BTC has decoupled from traditional risk assets, with the S&P 500 index rising over 16% this year while BTC has dropped about 3%, as funds have been diverted to traditional safe-haven assets like gold. On the other hand, there are strong expectations for the Federal Reserve to cut interest rates next week, but the market is skeptical about the pace of rate cuts in 2026, and this uncertainty limits BTC's upward momentum. 4. Institutions and the market expect a cautious market outlook in the short term, with the options market showing traders betting on BTC continuing to fluctuate within a range; however, there are still optimistic voices in the long term #美联储降息 #比特币VS代币化黄金 $BTC
A detailed analysis of Ethereum on December 5, 2025, combining market trends, technical patterns, and core market factors. Current situation:
1. Price trend: After peaking at 3240 yesterday, the price fell back due to overbought conditions, and in the evening, it dropped to 3064 following a decline in Bitcoin's volume. It has currently rebounded to around 3150, recovering most of its losses. The hourly RSI has rebounded from an oversold low of 35 to the neutral range of 55, indicating that the oversold condition has been corrected. However, after rebounding to around 3150, the pace has slowed, and the trading volume has significantly decreased, leading to a growing wait-and-see sentiment in the market. 2. Technical aspect: A long lower shadow has formed on the daily chart, and a higher low pattern is emerging, indicating that buying power is gradually strengthening, with solid support around 3064. Short-term resistance is focused on the 3180 - 3220 range, with strong resistance at yesterday's high of 3240. If it fails to stabilize above 3150, support will look at the 3100 level and the 3064 low. Only a breakthrough above 3240 would provide an opportunity to continue the previous uptrend. 3. Market factors: On the positive side, the Fusaka upgrade completed on December 4 has significantly reduced Layer 2 fees and supports Face ID signature optimization for enhanced user experience. Additionally, on December 1, the ETH ETF saw a net inflow of $180 million, with institutional holdings exceeding $13 billion, laying a solid foundation for long-term development. However, in the short term, the market is significantly influenced by Bitcoin's performance, with institutional capital inflows not prominent, and the overall market sentiment remains cautious, likely maintaining a range-bound fluctuation. #ETH走势分析 #加密市场观察 $ETH
On December 5, 2025, the price of BTC exhibited extreme volatility, with a tug-of-war between bulls and bears. The following analysis is based on price performance, technical analysis, market conditions, and macroeconomic factors. Current situation:
1. Price Performance: The BTC market experienced significant fluctuations that day, briefly surging past $94,000 before dropping over 3%. It even fell below $91,000, and as of around midnight that day, the current price was $92,770, marking a 1.4% decline over the past 24 hours. More than 100,000 people in the market were liquidated, with a total liquidation amount near $320 million. 2. Technical Analysis: Currently, BTC is fluctuating within a strong support level at $90,600 and a strong resistance level at $94,150. Although the daily chart shows a bullish engulfing pattern indicating short-term rebound potential, the moving average system is tangled and the price is below the moving averages, resulting in unclear trend signals; the 2-hour chart shows a bullish state, with the EMA moving averages in bullish alignment supporting price strength, but multiple tests of the resistance near $93,000 have occurred. The market generally considers $94,000 to be a key level; if it cannot effectively break through, the bullish counterattack may struggle to make substantial progress. 3. Market and Macroeconomic Factors: Macroeconomically, the market is awaiting the results of the Federal Reserve's December interest rate meeting. The previous delay in interest rate cuts led to a stronger dollar, suppressing BTC prices, while a rate cut could be beneficial for future market trends. From the institutional side, sovereign wealth funds, BlackRock, and others accelerated their BTC accumulation when prices were low, and the exchange's BTC supply continues to decline, with both large holders and retail investors increasing their holdings, indicating a stronger willingness to hold long-term; however, at the same time, Europe has initiated a review of crypto assets, regulatory pressures continue, and some large whales locking in profits have also brought uncertainty to the market. #加密市场观察 #BTC走势分析 $BTC
A Must-Read Plain Talk for Beginners in the Crypto World
As soon as He Yi was promoted to Co-CEO, she spoke the honest truth in an interview. The Honest Truth 1: Exchanges Are Also Business People He Yi personally admitted that although some Memes are bound to go to zero, users want to play, and if they don’t engage with these coins, they will lose market share. The platform is walking a tightrope between 'encouraging users to trade more' and 'not getting into trouble themselves'. Therefore, every Meme you chase might just be a traffic business in the eyes of the exchange. The Honest Truth 2: The Truth About Coin Listings and Your Opportunities Many people spread the rumor of 'sky-high listing fees', which He Yi denied. She said Binance wants project parties to give users airdrops or low-priced tokens, but even this requirement has been criticized by some project parties as 'heartless'. What does this indicate? Exchanges also know that pricing too high poses risks for retail investors; they are helping you fight for 'cheap tokens'. The next time you see a project bringing airdrops to major exchanges, it might actually be a positive signal.
BNB$BNB Technical and ecological support, and future prospects in three dimensions, to present you with the current analysis of BNB on December 4, 2025:
The price of BNB is $911, up from the previous day, with a daily increase of 0.8%. The highest price during the day reached $928.1, the lowest was $887.9, with a market capitalization of $125.1 billion, and a daily trading volume of $12.2 million, with prices remaining within a relatively stable fluctuation range recently. 2. Core Supporting Factors: On one hand, the advantages at the ecological level are significant, with BNB Chain recently enhancing its layout of real-world assets (RWA). BlackRock's tokenized money market fund BUIDL Fund has launched and also supports it as off-chain collateral for institutional investors, attracting more institutional funds. Meanwhile, over 60 AI projects have settled on-chain, and DeFi applications like PancakeSwap maintain high activity levels, continuously boosting demand through the diverse development of the ecosystem. On the other hand, technology and mechanisms provide protection, with BNB Chain achieving sub-second block confirmations and a continuous destruction deflation mechanism, combined with MEV earnings, gas fees, and other value capture methods, providing stable support for the coin price. 3. Future Outlook: In the short term, the current price around $900 has certain room for upward movement. However, risk must be noted, as its price is highly correlated with Bitcoin, and if the market corrects, it may be affected; additionally, the compliance review by the U.S. SEC and other regulatory dynamics may still impact its liquidity and price trend, requiring investors to remain cautious. #BNB走势 #币安区块链周 $BNB
On December 4, 2025, Ethereum showed strong performance, achieving a key breakthrough in the technical aspect, with positive news clustered together, but there is also a risk of short-term pullback.
1. Price and trend: On the day, Ethereum strongly broke through the key resistance of 3200 USD, currently reported at 3215 USD, with an intraday increase of up to 6.82%. Its daily level has broken away from the descending channel since November, the 4-hour line is climbing along the upper Bollinger band, with the candlestick showing a strong bullish trend of continuously rising highs and gradually moving up lows, and it has broken through the previous key resistance level of 3100 USD. 2. Key levels: In terms of resistance, the previous dense trading area of 3300 - 3400 USD and the 3500 USD round number constitute the main short-term resistance; in terms of support, 3100 - 3150 USD has become the pullback confirmation level after the breakthrough, 2950 - 3000 USD is the boundary line for trend strength, while 3050 USD, as the neckline of the W double bottom, is regarded as an important reference for increasing positions.