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#我在Gate广场过新年
The selling pressure turning point has arrived, regulatory bills are counting down
Bitcoin is experiencing a tug-of-war around the $70,000 mark, while Ethereum's technical indicators are turning stronger. As the anticipation for the passage of the crypto market structure bill heats up, the market is undergoing a deep transformation from emotion-driven to policy-driven.
The current market has entered a typical decompressing phase, with bulls regaining ground. This serves as a safety cushion confirming the sustainability of the rebound. If it can hold steady here, market confidence will accelerate its recovery. Dense clusters of previous short-term positions and profit-taking orders are distributed in this area. Before spot demand, such as ETF inflows, fully volume up, sharp volatility is expected. With the MACD daily golden cross and Bollinger Bands moving upward, Ethereum shows clear signs of short-term recovery, which may drive a rebound in the altcoin sector.
$BTC