12.03 Ethereum is still targeting around 4000, continue to be aware of risks as it pushes higher.

U.S. presidential candidate Trump will officially take office on January 20, 2025. Market research shows that cryptocurrency prices may see adjustments thereafter.

The probability of the Federal Reserve maintaining the current interest rate until December is 25.5%, while the probability of a cumulative rate cut of 25 basis points is 74.5%. By January next year, the probability of maintaining the current interest rate is 20.6%, the probability of a cumulative rate cut of 25 basis points is 65.1%, and the probability of a cumulative rate cut of 50 basis points is 14.3%.

Ethereum continues to follow its logic, pulling back and pushing higher; the market will eventually go crazy with the trends. As Ethereum rises, altcoins will continue to soar. Bitcoin faces resistance around 98500, breaking through the psychological barrier of 100000 now seems less critical. Looking at recent trends, Bitcoin may not be as friendly as imagined.

BTC Daily - 4-Hour Level Market Analysis

The big breakthrough of Bitcoin is no longer very important; completing this round of gains logically requires a pullback. Funds are not very abundant, and subsequently, Bitcoin is likely to suck liquidity and rise again, which has a high probability. It is recommended to exit on the right side.

Bitcoin has started to suck liquidity, and some strong altcoins will also begin to do so. The market liquidity is becoming limited and scarce; the market will not be particularly good or particularly bad, this kind of market can be somewhat torturous.

The large-scale Bitcoin has reached a key resistance position, with resistance around 98500 and 97500 today. If it breaks the previous high, it will also break through, with support around 94500, it is not suitable to chase longs.

BTC+ETH Short Bull Level Analysis

 Bitcoin is in an upward logic for the day, but due to many people starting to sell recently, there are risks; be cautious of risks. Resistance is around 97000, and support at the bottom is around 94800. The upward logic remains, but it is not suitable to take a position now.

 Ethereum has a probability of continuing to charge forward, with targets around 3800 and 3850, and bottom support around 3550. A pullback during the day can provide an opportunity to stop-loss and push towards Ethereum's target.