According to CNBC, Coinbase's Chief Policy Officer, Hilsard, stated that he believes cryptocurrency legislation will advance "quite rapidly" in Congress after Trump takes office. Trump is well-known for his pro-cryptocurrency policy platform during his campaign. His remarks come as two key pieces of cryptocurrency-related legislation are moving through Congress. One is the "21st Century Financial Innovation and Technology Act," initiated by Republicans, which aims to establish a legal framework for digital assets. This bill was passed in the House earlier this year. The other is the "Payment Stablecoin Clarity Act," which aims to create a regulatory framework to license stablecoin issuers—tokens pegged to the value of fiat currencies like the dollar. The stablecoin bill has not yet been voted on in the House.

Last Friday, Ethereum's ETF saw a single-day inflow of over $330 million, while Bitcoin's inflow on the same day was only $320 million. This marked the first time in human history that an Ethereum ETF outperformed Bitcoin in a single day, even trending on social media. Consequently, Ethereum's price surged to a high of $3,760, representing a slight rebound. However, it still falls short of a true breakout for Ethereum, especially since Bitcoin has reached new highs multiple times, while Ethereum has not even returned above $4,000. The gap to its historical peak of $4,800 is still over $1,000, which is much further than Bitcoin's distance to $100,000. This indicates that Ethereum still has significant room for growth.

Chu Yuechen: December 3 Bitcoin and ETH Market Analysis and Trading Reference

In yesterday's article, I discussed and provided a long position in the range of 94,500—95,000, which was perfectly timed and not the first time it was given. A 2,000-point take profit was just right. At the same time, we also provided current price orders in our group; this wave was well-planned, and the entire scenario aligned.

Today, I maintain the same viewpoint. The market is still fluctuating, and we can continue to trade within this range, waiting for a breakout.

Additionally, various data for December has been released, including ADP, non-farm payrolls, CPI, and interest rate decisions. Moreover, as previously mentioned, Microsoft, the tech giant, will decide at the beginning of this month whether to adopt Bitcoin as a reserve asset for the company. If approved, it would undoubtedly increase buying power, but it would also intensify market volatility.

As I have already discussed, it is advisable to gradually add ETH in the spot market, as Bitcoin's price is already quite high, and the profit margin in the spot market is limited.

In the evening contracts, you can continue to reference the range of 94,500—95,000 to set up long positions, with a stop loss of 1,000 points and a take profit of 2,000 points. For ETH, enter long positions with a stop loss at 3,530.

Market conditions change in real-time, and there may be delays in article publication. The strategy points are for reference only and should not be used as the basis for entry. Investment carries risks, and profits and losses are your own responsibility. Daily real-time market analysis, along with experience exchange groups and practical discussion groups, are available for real-time guidance. Evening live broadcasts will explain real-time market conditions.

For more real-time market analysis, please follow the public account: Chu Yuechen

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。