12.1 Morning BTC Analysis: BTC surged to the 92000 level early this morning, encountering strong resistance and falling back, with a low of 86900. The technical indicators show that the bullish volume at the daily level has been gently released, but the 92000-93000 range, combined with previous trapped positions and profit-taking pressure, presents significant resistance. The closing of the bearish candlestick indicates that the upward momentum has clearly weakened. The 4-hour chart shows a typical weak pattern, with bearish forces continuing to rise. After the price broke through key support, the descending channel pattern became increasingly clear, and the MACD death cross signal further strengthened the bearish momentum. The current market lacks new positive support, and a rebound driven solely by emotional inertia is difficult to sustain. After the 92000 level comes under pressure, the short-term risk of a pullback intensifies. In terms of operations, prioritize positioning for short positions, entering the market at rebound points to seize opportunities for a downward trend. Suggestion: Set up short positions in the rebound range of 88000-89000, targeting a drop to 86800-85800; if it effectively breaks down, you can look towards the key support level of 85000. #今日你看涨还是看跌？ #加密市场回暖 $BTC $ETH $XRP

Data: The open interest in XRP futures has decreased from 1.7 billion XRP to 700 million XRP since the beginning of October, a decrease of 59%. Data shows that since the beginning of October, the open interest of XRP futures has decreased from 1.7 billion XRP to 700 million XRP, a drop of 59%; at the same time, the funding rate has also fallen from about 0.01% to 0.001%. According to the blockchain data analysis platform Glassnode, this phenomenon indicates a structural stagnation in the market's speculative willingness towards XRP.

#ETH巨鲸增持 Today, $BTC suddenly experienced a sharp fall, with a magnitude of about 2-3%, briefly reaching around $88,000. Several factors are overlapping: the expectation of a rate cut by the Federal Reserve is cooling, and the market is starting to reprice; the weekend coincided with the concentrated expiration of options, triggering a chain reaction of liquidations and sell-offs; plus, the previous rapid rise led large funds to choose to secure profits, and there has also been a net outflow of funds from ETFs. Looking at mainstream coins like $XRP and $SOL , they are also under pressure, and the entire risk asset market is adjusting. However, this kind of pullback is quite common in a bull market, and technically it hasn't broken key support levels. Short-term volatility is very normal; the key is still to look at subsequent funding and macro policy signals.