Tracking real-time hotspots in the cryptocurrency circle, grasping the best trading opportunities. Today is Sunday, December 22, 2024. I am Wang Yibo! Good morning, crypto friends ☀️ Iron fans check-in 👍 Like and make big money 🍗🍗🌹🌹

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The uncertainty of US monetary policy has suppressed the speculative enthusiasm for Bitcoin. Some investors choose to reduce their exposure and take profits. With the outflow of funds from ETFs, it is expected that the US dollar will not easily lose its throne this year as the overall stance of the Federal Reserve is hawkish. Although the low trading volume during the holiday season may cause some unnecessary volatility, in general, any market turbulence during the holiday season is more likely to hit US stocks and US bonds. The hawkish stance of the Federal Reserve has not been welcomed by Wall Street, and as US Treasury yields continue to rise, selling may intensify. As Christmas approaches, the market will be relatively calm next week, but there are still some relatively influential data. However, due to the thin liquidity, market volatility may become significant. The following are the key points that the market will focus on in the new week: US Conference Board Consumer Confidence Index for December at 23:00 on Monday; US initial jobless claims for the week ending December 21 on Thursday at 21:30.



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Bitcoin has currently probed and rebounded, and the short-term decline on the market has temporarily stopped. From a daily perspective, the low point continues to rise. It remains to be seen whether this adjustment is complete. However, there is a surge in momentum, and a significant rebound in the pullback market will affect the short-term adjustment pace. Attention should be paid to the upper resistance near 98300, which is also the previous starting and falling position. The support level below can be observed near 95000. A significant rebound in the pullback market will affect the short-term adjustment pace. As the probing rebounds, the focus for the weekend is on the internal adjustment within the range.



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The Ethereum market went from a low of 3101 to a high of 3553 and then pulled back. The price kept falling until it hit a low of 3291. From the current trend, the overall structure remains unchanged after the bottoming rebound, and it is still in a process of oscillation and accumulation to prepare for next week. The market is in a phase of contraction and consolidation, with slightly weaker short-term momentum. After all, the intraday fluctuations are relatively large. Currently, it is just a pause in the recovery action. In the medium-term market, as long as the price has not successfully regained and stabilized at the key level of 3650, the overall trend remains under the control of the bears. Moreover, in the local area, the accompanying selling pressure is relatively heavy. There are significant short-term support and resistance levels at both ends of the price range. There are opportunities for short-term operations within the current price range. It is expected that the market may complete the adjustment within this range until tomorrow.