USDT Dominance - Technical Watch Keeping an eye on the USDT dominance level here. If we break above and hold this zone, short-term market dynamics could shift notably. We're likely looking at some substantial pullbacks across Bitcoin and Ethereum in the near term if this resistance gives way. The correlation between stablecoin dominance and major altcoin weakness tends to be pretty reliable during these cycles—worth monitoring closely as positions adjust.

Thursday Early Morning Bitcoin and Ethereum Market Analysis and Trading Recommendations Bitcoin price reached a high of 87,450 in the evening session before facing resistance and pulling back. Currently, it is consolidating around 86,980. Ethereum's afternoon trend is generally weak, gradually recovering from a low of 2,886 to around 2,937. From the current market structure, the 4-hour timeframe shows that the price remains within a downtrend channel, continuously testing lower levels. Although bullish forces are attempting to intervene and reverse the trend, overall momentum is lacking. The rebound can only be seen as a technical correction to the ongoing decline, providing only short-term relief for the market. The Bollinger Bands are expanding outward, with the middle and lower bands continuously moving downward. The candlestick pattern shows a "two bearish candles sandwiching a bullish candle," indicating that the downtrend is still in progress. The 1-hour timeframe further confirms this; although there is a rebound with consecutive bullish candles, it fails to reach the upper resistance and quickly falls back, highlighting insufficient short-term bullish strength. As the lows gradually shift lower, a clear downward channel has formed. Until a strong upward surge signal appears, it is recommended to primarily operate on rebounds and short positions. Trading Recommendations: Bitcoin: Short near 87,500-87,800, target 85,000 Ethereum: Short near 2,960-2,980, target 2,800

Looking at the recent flow in BlackRock Bitcoin ETF over the past few months, an interesting picture emerges. In November, there was an aggressive net outflow of $2.3 billion, but the situation is quite different in December. Although only a third of the month has passed, the net outflow remains at just $226 million. The $157 million outflow from yesterday's transactions accounts for approximately 70% of this figure. These data indicate that the attitude of institutional investors towards Bitcoin ETFs has significantly softened in recent weeks.