🔥 Gate.io Launchpool $1 Million Airdrop: Stake #ETH# to Earn Rewards Hourly
【 #1# Mainnet - #OM# 】
🎁 Total Reward: 92,330 #OM#
⏰ Subscription: 02:00 AM, February 25th — March 18th (UTC)
🏆 Stake Now: https://www.gate.io/launchpool/OM?pid=221
More: https://www.gate.io/announcements/article/43515
Track the real-time hotspots in the currency circle, seize the best trading opportunities, today is Friday, December 13, 2024, I am Wang Yibo! Good morning to all coin friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹
Please provide the text to be translated.
💎
💎
Although the decline in US CPI inflation in November has stalled, this may not prevent the Fed from cutting interest rates next week. On Thursday, the Fed was widely expected to announce a rate cut at next week's FOMC meeting, and the federal funds futures market is now pricing in almost 100% of Fed officials opting for another 25 basis point rate cut at the December 17-18 FOMC meetingThere are always friends in the crypto market who are entangled in the bull and bear market, they say the bull market is coming, they say the bull market is over, the bear is coming, or else they are asking everywhere about the so-called "brick family", in fact, since the victory of Sichuan Jianguo, Bitcoin has begun to rise, Ethereum has broken through, the season of altcoins is coming, the plate rotation is up and down, the ups and downs of the bull market are very normal, you remember that every ups and downs of the crypto market is inseparable from the impact of news, Each large shock of the bull market is the momentum before the plate rotation, that is, a good time to ambush, this large pullback, there are many people in the market who say that the bull market is over, but you missed it again!
💎
💎
The daily Bitcoin chart has regained the previous pullback ground and recovered with a continuous upward trend, breaking the weak downside trend and retesting the high. The daily chart has stabilized and risen multiple times after a partial pullback and correction. The medium-term bullish lifeline near 98,000 has slightly paused, and the 4-hour chart has stabilized and risen at the previous retracement upward trend line near 94,000. This position serves as a short-to-medium-term bullish defense point, which has not been lost after the downward probing and has recovered the lost ground, breaking the weak downside trend line. The 4-hour chart shows signs of retesting the high, but the short-term rhythm is relatively slow. Currently, 102,000 is a key resistance level. It was quickly regained by the bears when touched in the evening. From the 4-hour chart, the overall trend still shows a staircase-like upward rhythm, and breaking new highs in the future is only a matter of time. Continue to maintain a cautious long position and adjust in real-time based on the 102,000 resistance level.
💎
💎
Ether followed the bullish trend of Bitcoin and showed strength. It partially synchronized with Bitcoin, starting from the support level of 3795 and steadily rising. It reached a high of 3986 in the evening but faced resistance and experienced a pullback. Currently, it is approaching the upper range again, but to some extent, it will still limit the upward momentum for short-term comparison, possibly entering a consolidation phase at a high level. Looking at the 4-hour chart, there was a continuous oscillation for the morning's upward repair, and after the opening of the US stock market in the evening, it broke free from the oscillation range. The hourly trend gradually moved out of the narrow oscillation range after continuous oscillation, and the technical pattern gradually repaired, with the candlesticks slowly standing above the short-term moving average. Currently, it is more likely to have a certain continuation and rebound space in the short-term trend. In terms of trading, we should continue to maintain a bullish view.
💎
💎
Recently, there have been a lot of new coins listed, but an unchanging pattern is that when a new coin is listed, the primary market benefits while the secondary market suffers losses. The most prominent example is the recent listing of ME, which opened at $22.63 and is now trading at $4.382, a significant drop. If you chased after it based on a bullish candlestick, did you end up getting trapped? When trading a potentially promising coin, it is important to pay attention to the sector it belongs to and be aware of any emerging narratives in a timely manner. In recent times, the spot layouts provided have been steadily increasing, such as AAVE, which has over doubled in profit potential. If you are unfamiliar with spot trading, you can follow Gate.io for detailed positioning!