#加密市场回调 12.3 BTC/ETH Outlook: Here’s the conclusion first—short-term pullbacks do not change the overall bullish trend.

A flurry of breaking news hit the market. The former CEO of a major exchange declared “new highs are on the way” right before the US stock market opened yesterday. Right after, policy news started rolling in: the Fed announced the end of quantitative tightening (QT), Vanguard—the world’s second-largest asset manager—opened access to spot crypto ETFs, and Bank of America directly advised clients to allocate 1%-4% to digital assets. This combo pushed the US money market size to a record $8 trillion for the first time ever. If that’s not a clear sign of capital inflows, what is?

Technical analysis is also strong. Moving averages are aligned bullishly, with a golden cross pattern. After a breakout above the mid-band resistance on the daily chart, BTC tested 93,000 twice but failed to hold—making this level a temporary hard ceiling. Don’t panic though; the hourly chart has indeed weakened, but pullbacks are a healthy correction. The key level to watch is 90,600; as long as it holds, the bullish structure remains intact.

**Trading suggestion:**
For BTC, consider scaling into longs between 92,100-92,500. First target: 93,500. If that’s broken, look for 94,500 and even 96,200.
ETH has been lagging; 3,006-3,025 is a solid accumulation zone, with an initial target of 3,062. Break that, and look for 3,120-3,178.

Short-term traders should adjust stop-losses flexibly. If you have heavy positions, don’t stubbornly hold losses; if you’re light, you can give trades more room.

$BTC $ETH