The probability of the Federal Reserve cutting interest rates by 25 basis points in December has reached 85.1%. At the same time, the National Center for Public Policy Research in the United States recommends that Amazon adopt a Bitcoin reserve strategy. Some Amazon shareholders also urged the company to consider including Bitcoin in its asset vault.
Bitcoin is currently consolidating around $100,000. From the monthly line, the overall trend is still bullish. Although the daily line is weak in the short term, the impact is not significant. The 4-hour line shows a short-term downward trend, and the intraday trend is bearish. Overall, there is a possibility of a short-term downward shock, but the medium and long-term outlook is still bullish.
Ethereum has recently performed weaker than Bitcoin. Both the 4-hour and daily lines show a downward trend, while the monthly line remains bullish. Ethereum is currently in a consolidation and repair phase, and is expected to break through its historical high after consolidation. The market's bullish sentiment on Ethereum continues to increase, and the market outlook is worth looking forward to.
Analysis of mainstream coins:
BNB: The current trend is in line with the market, but the overall trend is still bullish. In this round of bull market, BNB is likely to break through $1,000.
XRP: After a surge of about 400% in November, Ripple is currently in a correction phase. It is expected that December will still be dominated by consolidation, and the increase in the short term may be limited.
SOL: SOL's current trend is linked to the market, and the price is close to the high. In the short term, it is not optimistic about the subsequent sharp rise, and there are risks at the current price.
DOGE: Dogecoin has a short-term correction during the day, and another wave of increases is expected in December.
BCH: The trend of Bitcoin Cash closely follows that of Bitcoin, and the potential for subsequent growth is still large, so it is recommended to hold.
AR: AR is linked to the overall market and there is still a lot of room for growth in the future. It is recommended to continue holding.
UNI: The short-term price is close to the high level and may enter a consolidation and repair phase. However, in this round of bull market, UNI still has the potential to rise.
OP: The trend is linked to Ethereum. There is still room for bullishness in this bull market. It is recommended to hold.
Market Summary
The cryptocurrency market has been volatile recently, but Bitcoin is still stable at a high level, and altcoins have experienced a small correction. This correction is a normal correction, so don't worry too much. According to the overall data analysis, the market is likely to continue to rise after the correction. Overall, December is still a bullish month, and the general direction of the market has not changed, so just keep holding!
