Bitcoin and Ethereum Market Analysis on December 19: Highlights for BTC and ETH Today

Market Review

Yesterday, BTC underwent a correction and adjustment. This morning, the 25 basis point interest rate cut met expectations, but subsequent comments from Powell were hawkish. As a result, U.S. stocks plummeted, and BTC also fell in sync, briefly dropping below 100,000. Currently, the 4-hour downward momentum is still maintained, and a consolidation is expected in the next 1-2 days. Today, we will observe and wait for stabilization. The target range expectation for this week has been lowered to 110,000-115,000. Altcoins are following BTC's adjustment, and we will observe today without making any moves, waiting for stabilization. The performance of altcoins is not very ideal, with most coins undergoing corrections and insufficient liquidity. We will observe today and wait for stabilization. For the coins already held, SATS should be patiently held; consider liquidating around 50. FTM can be liquidated, and we can consider re-entering later. POLYX can be held, and ACT should be maintained.

Today's Highlights:

BTC: The 1-hour and 4-hour levels are below healthy levels, while the daily level is returning to a healthy level. The expectation is to continue consolidating today while observing. The long-term expectation has not weakened. The support level today is 99,500-100,000, with resistance at 102,000-103,000.

ETH: The 1-hour and 4-hour levels are below healthy levels, while the daily level is returning to a healthy level. The expectation is to continue consolidating today while observing. The support level today is 3,550-3,600, with resistance at 3,700-3,800.