#比特币对比代币化黄金 On December 5, market sentiment suddenly changed. In Europe, regulators began a large-scale review of crypto assets, and at the same time, the Fed's rate cut expectations were postponed, causing the US dollar to strengthen. As risk aversion rose, whales started cashing out and exiting the market, triggering a chain reaction of leveraged liquidations.

Mainstream coins like BTC are under obvious pressure, with key support levels repeatedly breaking down. Technically, bears still have plenty of strength, panic hasn’t fully played out, and the correction is ongoing. In simple terms, regulatory uncertainty combined with shifting liquidity expectations has suppressed the market's risk appetite.

But on the other hand, the situation is completely different in the US. Large financial institutions have been very active lately, with several top banks and brokerages now allowing financial advisors to recommend crypto ETFs to their clients. The data is interesting: the share of institutional funds has jumped from 15% a few months ago to 28%, becoming a stabilizing force in the market.

The advice from these institutions is also pretty pragmatic—keep crypto asset allocation within 4% of total assets, and conservative investors can go as low as 1%. This risk management approach is quite rational.

So, the current situation is contradictory: in the short term, European reviews, monetary policy, and capital flows are creating volatility; in the long term, US regulation is making breakthroughs, institutions are entering, and compliance is advancing. The market needs to digest short-term risks, but in the long run, it’s all about how much incremental capital clear regulation can bring.

Stay cautious with investments but don’t be overly pessimistic. Follow the trend, focus on compliant sectors and fundamentally sound projects, and look at the industry’s value from a long-term perspective.

Strategy:
For BTC, watch for short opportunities in the 90000-89500 range, targeting around 88000.
For ETH, you can consider shorts in the 3060-3030 range, targeting around 2950.

$BTC $ETH