12.20 Has the beating ended? The rebound is highly likely but US stocks continue to be beaten
US stocks continued to be beaten last night, and today it temporarily looks like the beating has ended, with a rebound expected during the day. Remember, this is just a rebound; a true reversal has not yet occurred. A reversal requires time and the right opportunity to wait for.
As we approach Christmas and Friday, the chances and timing for a reversal are coming. We can wait; at the bottom, one can gamble on rebound positions, but one must firmly avoid opening long positions against the trend. A qualified trader waits for US stocks to continue their wash tonight.
BTC Daily - 4 Hour Level Market Analysis
Bitcoin's large-scale technical pullback has already started the complete liquidation process, with key positions around 94,000. I can't say the bull market has ended, but the liquidation is definitely not over. The current large-scale rebound position is around 99,500, and it might go up to around 100,800. The temporary bottom support is simply the previous low; note that this is just a rebound position, not a reversal, and a reversal requires waiting.
ETH Altcoin Small Level Analysis
ETH has officially broken below this point, and the logic of large-scale gains has ended with a complete oscillation. Therefore, there will still be gains, but now it seems that the key position has broken down, making the area around 3,550-3,570 a resistance. Once the resistance rebound ends, one can go short without much thought.
It is important to note that Ethereum's chips are slowly entering the market; trend shorts definitely won't work. A small rebound can be shorted, and an additional rebound is also possible. The upper resistance is around 3,550-3,570, and the bottom support position is around 3,350.
As the year comes to an end, everyone should pay attention to risks and ensure they leave enough funds for the New Year. Both contracts and leverage require attention to risk control capabilities. #Federal Reserve Hawkish $BTC
