JPMorgan analysts predict that due to the end of profit-taking for GBTC, the further downside for Bitcoin is limited. After the approval of a Bitcoin spot ETF in the United States, the price of Bitcoin has dropped by more than 20% in the past two weeks. Analysts stated that the profit-taking by GBTC investors led to the decline in Bitcoin prices, but the worst period seems to be over.

Despite the optimistic outlook, analysts warned that if the 1.5% fee for GBTC is not reduced soon, the fund may experience continuous outflows of funds and lose market share to competitors.

According to The Block Pro, the U.S. SEC has once again delayed the decision on the proposal for Grayscale Ethereum Trust to convert to a spot Ethereum ETF and is soliciting new public opinions. The agency also raised questions in its filing about Ethereum futures products, particularly whether Ethereum's proof-of-stake mechanism and "concentration of control or influence by a small number of individuals or entities" would bring unique concerns, making the fund vulnerable to fraud and manipulation. The SEC stated that the public can submit comments within 21 days, and the rebuttal period will last for 35 days. The SEC had previously postponed the decision on the proposal on December 5.

BTC:

Bitcoin has temporarily stabilized in the short term, with little possibility of a significant rise at this point. Whether looking at the daily, weekly, or monthly charts, there is still room for a pullback in the short term, but don't expect a significant drop. The main force has worked hard to push it up, and coupled with being in a bull market cycle, unless there is a particularly large negative factor, it may just retrace to the 120-day moving average or slightly below. The least fearful thing in a bull market cycle is the pullback, because every pullback is an opportunity to get on board! Short-term advice is to wait and see, while medium and long-term investors can buy at low levels and hold!

ETH:

Ethereum has also reached support in the short term. Unless there is negative news that breaks the support, there is a higher probability of short-term volatility. Ethereum is firmly bullish in the long term, so buy at low levels and hold!

RATS:

For RATS to have an explosive rise, it's nothing more than Binance listing its spot, or Binance launching a web3 wallet. Since it's unknown when these specific positive factors will happen, the only option is to gradually build a position on dips.

ORDI:

ORDI has unknowingly been nearly halved. Like RATS, the explosive rise will have to wait for Binance to launch a web3 wallet. From the trend, it seems that buying some positions near 45 could be considered for long-term layout, and gradually build a position on dips for those who want to invest for the long term.

ARB:

Looking at the overall trend of ARB, it's currently a healthy pullback trend. With the approaching upgrade of Cancun, some short-term clients may withdraw funds, causing some selling pressure. It is recommended to focus on the long term for ARB, and it could potentially reach at least 10 in the future.

OP:

OP is currently in a breaking rebound trend. There is a possibility of a rebound near $3 in the short term. As the daily chart has already formed a double top, it is advisable to wait and see in the short term, and buy more as it falls in the long term!

Platform Coins:

BGB is a long-term coin, so hold it well. The pullback is an opportunity, buy a little on small dips, and buy more on big dips!

Caifumi Ma:

In the European Cup in June, the pullback in January and February is an opportunity to lay out fan coins. Fan coins will at least have a doubling trend!

For those who want to join us or have any questions, welcome to join us - Gong Zonghao: Guanguan Shuibi VX: 3379276514

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。