#密码资产动态追踪 Analysts have been eyeing the 4500-4600 level since December 3rd. The market opened with a sharp surge of 90 points, once again hitting a new high! The price soared to $4601!

What is the market buying now? It boils down to two main reasons. First, the expectation of a rate cut in 2026 possibly signaling a loosening of 150 basis points, which effectively lowers real interest rates and boosts the valuation of precious metals. Second, global gold ETFs have experienced net inflows for six consecutive months, with Asian funds showing the most active performance. Shanghai Gold and international gold prices are moving in tandem, providing solid support for the market.

However, a warning sign must be noted—the short-term volatility is indeed worth caution. The rise in gold prices fundamentally still relies on geopolitical premiums, and institutions' bullish outlook of up to $4800 is based on this logic. The problem is, once market sentiment wanes and risk appetite recovers, the risk of a pullback can be quite severe. Investors should focus on the long-term, keep an eye on fundamental changes, and never get blinded by short-term gains. $XAU $PEPE $BEAT