Track real-time hot topics in the currency circle, seize the best trading opportunities, today is Saturday, December 14, 2024, I am Wang Yibo! Good morning, coin friends ☀ iron powder check-in 👍 thumbs up to make a fortune 🍗🍗🌹🌹

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The US stock market closed mixed, with the Dow Jones falling 0.20%, the Nasdaq rising 0.12%, and the S&P 500 closing flat. The cryptocurrency market has stabilized, with significant sector rotation. Bitcoin has remained above $100,000, and Ethereum is currently trading at $3,900. As the market enters the weekend, it may enter a short-term correction phase, with adjustments potentially occurring at high levels or troughs, all depending on the overall market dynamics. In the short term, especially at the Saturday and Sunday nodes, we should pay close attention to the pullback dynamics!




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Bitcoin probed 99149 in the morning and stopped, showing a tendency of shock and rise, and the intraday movement was relatively slow. After a slight pullback in the evening, it rallied again after gathering strength, currently reaching as high as 101768. The market has been oscillating around 100,000 for the past two days, gradually forming a range of oscillation. Bulls and bears have been pulling back and forth. From the current market analysis, the current price is in a high-level consolidation and correction. At present, it seems that 102000 is under considerable pressure, and it is difficult for the big cake to break through effectively in the short term. If the subsequent price cannot break through 102000, there will continue to be a pullback, and the back and forth will become the current trend. Yesterday evening, the market tried several times to break through this level, but quickly fell back. However, the bullish forces then exerted strength again, indicating that the bullish energy is still strong, and the subsequent breakthrough pressure level is only a matter of time. From a short-term hourly price perspective, it has been effectively supported several times above this support level and has not been able to break through. This further enhances the bullish sentiment in the market. In operation, it is still advisable to maintain a low long strategy.




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After Ethereum retested the low point of 3835 in the morning, it has also been in an upward oscillation. It started to fall from the midnight high of 3964 and currently touched the lowest point of 3877. At the four-hour level, the coin price is temporarily maintained above the middle track. The four-hour structure has temporarily weakened after the volume of the bulls. Whether it can break through the short-term high points on Saturday and Sunday is the key to the continuation of the space. If it does not break, it will continue to maintain the oscillation and fall. At present, in the short term, it is likely to oscillate back and forth. Under the condition of a high probability without breaking the high level in the long term, the short-term expectation is probably to first withdraw and confirm the support, and then the probability of rising. Therefore, it is still recommended to focus on long positions on the short term. Considering that the weekend is approaching, the trading volume is estimated not to be too strong. Therefore, it is still recommended for everyone to trade lightly in the short term, reduce the position of each entry, and it will be relatively prudent to enter in batches!