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Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Thursday, December 19, 2024, I am Wang Yibo! Good afternoon, everyone! ☀hardcore fan check-in👍like and get rich🍗🍗🌹🌹
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The 25 basis point interest rate cut by the Fed in December met expectations, but the Fed's top leader's hawkish speech was full of vigor, especially the contradiction between the leader's remarks and the establishment of the US Bitcoin national strategic reserve by the old man. Powell said: The Fed has no intention of holding Bitcoin. As for the legal issues of holding Bitcoin, Powell said, 'This is something for Congress to consider, but we have no intention of seeking to change the law.' This is the heavy blow to the market, and it is another black swan event at the end of 2024, especially after the old man released the 'hawkish' remarks in the early morning, Bitcoin and Ethereum accelerated their decline. Bitcoin broke the $100,000 mark and will test the support level of $95,000 next, while Ethereum will test the support level of $3,550. Shitcoins are even worse, meme coins are in a mess, and it is inevitable that some meme coins will go to zero. The futures market is facing another round of liquidation!
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Bitcoin continued to pull back after the midnight release of the Fed's interest rate and Powell's speech, and also broke below the 90000 level in the morning, reaching as low as 98770. Currently, there is a small rebound, and the current trend shows a strong pullback, with the daily chart forming a large bearish candlestick, completely giving back the gains from Friday night to the present. The market continues to pull back near the midline, with the continuation of the bearish trend. The four-hour chart shows four consecutive large bearish candlesticks, widening the Bollinger Bands, and the closing price has fallen below the lower band with no significant rebound. In the short term, the bearish performance remains strong, and the current market is leaning towards weakness. There is a short-term upward trend, but the upside potential is limited. In the overall trend, it is still advisable to continue to be bearish, and the main operation is to position short orders at high levels during rebounds.
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Ether linkage plate out of the deep back stepping, the lowest to around 3540. At present, on the hourly level, the market rebounded slightly, short-term shape up to cross star low-level buying signal, and accompanied by KDJ three lines slightly turned, today's trend is expected to make up for this round of oversold repair, this kind of rebound is obviously not the continuation of strong. From the current market, the daily line structure has entered the stage of callback correction, and this callback belongs to the deep callback. Because this back stepping is influenced by the news, there has been no strong correction in the previous rise process. Now that the local back stepping intensity has appeared, we should wait for the rebound correction to bear pressure and then enter the market based on the intraday position!
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Regarding the operation of altcoins, currently the only option is to buy in at a low price for some strong altcoins, such as recent projects bought by the Trump family. The dip is an opportunity! (LINK, AAVE, ENA, ONDO) Every market cycle has some projects that perform well, but after careful analysis, at least one of the following attributes can be found. If all three attributes are present, the surge in price will be amazing: 1. Strong financial strength and willingness to pull up the market when it's good. 2. The project itself does not have strong financial strength, but is willing to speculate on concepts, follow hotspots, and cooperate with the market to pull up the price. 3. Technically proficient and has developed high-quality products and ecosystems.