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Wed, 11 Dec 2024 > Altcoin rebounds after a halt in its decline #币圈观察员
Tonight's CPI data met expectations, and the opening rose. The market is still trending upwards. Bitcoin and Ethereum ETFs have been flowing in for several days in a row, with no signs of funds flowing out.
Yesterday's trend really scared me. I thought there would be another low point and the bottom-fishers from yesterday would be killed again. Last night, there was indeed another wave of selling, but it didn't create a lower low.
1. The ETF inflow is strong, as shown in the chart, with stable positive inflow for ten consecutive days, and there is little possibility of another large drop after a previous one. The overall trend is still upward. 2. I don't think Ethereum has really started to rise yet, after all, it hasn't broken a new high. I think there will be a wave of new highs in the future.