On January 11, 2024, the highly anticipated ETF finally landed, mainly the long-awaited ETF in the United States, which opened up the multi-trillion-dollar US ETF market. In 2023 alone, the net inflow of ETFs in the United States reached $600 billion. On the day the Bitcoin spot ETF was launched, there was a capital inflow of $4 billion. If this year maintains the momentum of 2023, even if only 10% of the funds flow into the cryptocurrency market, it would amount to $60 billion. If the proportion of Bitcoin spot ETFs in the European and American ETF market increases to 20-30% (the current scale of US stock ETFs is approximately $90 trillion, and the scale of European ETFs is approximately $20 trillion), it will attract $2-3.5 trillion in investment. The current market is approximately $1.7 trillion, so if three to four trillion dollars flow in over the next few years, one can imagine the impact on the price of Bitcoin. Will you still feel that $100,000 or $200,000 Bitcoin is far away?
Don't forget, the US stock market has been in a bull market for 20 years, except for the adjustment in 2022, it has basically been rising all the way. This is largely due to the professional institutions, as 90% of the US market consists of institutional users, with a very low proportion of retail investors!
In the future, you will have to compete with these professional institutions for Bitcoin, which can be described as fighting for survival. The possibilities are endless. I have paved the way for major breakthroughs, and whether you want to take a long position and create another 20-year miracle with these institutions depends on your own destiny!
Today's BTC focus:
Support: 45133/44500/41110/35955
Resistance: 48800
As for Ethereum (ETH), there's no need to say much. It's basically out of reach for retail investors now. If you're not a big shot, you basically don't have the funds to hold a few Ethereum!
ETH focus:
Support: 2403/2285/2212-2223/2029
Resistance: 2851
ETH has repeatedly mentioned recently that if it stabilizes above 2343 and breaks through 2403, it will skyrocket. Congratulations to those who have seized the opportunity. Today's advice is not to chase after highs. Those who positioned themselves in the past few days have had 2-3 opportunities to buy low. Just hold on to your positions!
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