Thoughts in the early morning of December 12
Once the US CPI data was released, the results were exactly in line with the market's previous expectations. This news was like a boulder thrown into a calm lake, instantly stirring up thousands of waves in the financial market. Traders seemed to have received some kind of signal, and they couldn't wait to increase their bets on the Fed's interest rate cut in December.
The trend of the big cake in the past two days has been very resistant to declines. The price has not been broken through the key point of 94,000, and even the pin point of 93,800 has not been touched. The possibility of a unilateral trend is very low. From the 4-8 hour level, it presents a box shape. The 12-hour golden cross pattern does not support the price drop, so it is likely to fluctuate at a high level. This high-level fluctuation is like creating an excellent opportunity for the altcoin to pull the market. After sideways, the big cake is likely to oscillate and step back along the 8-hour channel, and the target point of the step back is about 94,800. So for the night operation, we can't blindly chase more, but we can go short around the rebound.
Bitcoin is short around 100000-100500, with a target of 98900-99300.
Ether is short around 3790-3830, with a target of 3700-3730
