12.18 Ethereum Foundation selling, severe bearish sentiment in the short term, key positions for bulls and bears are at odds

On the 17th, the logic of Ethereum and Bitcoin's up and down movements was completed, and the subsequent market outlook remains positive. The important position for the market is the interest rate decision tonight, which is likely to continue according to the dot plot's 100 basis points. A 25 basis point change seems unlikely, but will the market rebound because of this?

In the short term, the Ethereum Foundation continues to sell at high points, which can be seen as an exit indicator. The possibility of a market reversal has increased, as the large-scale divergence has lasted too long. Attention is now on whether the dual support positions of Ethereum and Bitcoin can hold, as Bitcoin has not yet reached its target. The positions around 103000 for Bitcoin and around 3770 for Ethereum are close to being reached.

BTC Daily - 4 Hour Level Market Analysis

The large-scale technical level for Bitcoin has support around 104500 and 103500 as the bottom support. From a large-scale perspective, this is seen as a corrective trend. However, if these positions break down, then this round of pullback will turn into a downward correction trend. If a downward correction trend starts, it is likely to drop to around 100800 by Friday. However, Ethereum is a bit different; if Bitcoin holds, Ethereum may have one last surge.

ETH Altcoin Small Level Analysis

 ETH has a crucial point; it has reached the important support level of this round of price increase. If it does not break down, the market can directly start reversing from a large-scale position. The areas around 3820 and 3770 are both important support levels for the price increase logic. If they do not break down, it can continue to push higher. Therefore, this critical time point is very important.

 The panic from the Ethereum Foundation's sell orders has been looming overhead. My short-term suggestion at this position is to gamble on a long position for Ethereum with a low stop loss and to go long around 3780. If it breaks down, then the logic of this round of price increase will end.

As the year-end approaches, everyone should pay attention to risks and ensure they set aside funds for the New Year. Both contracts and leverage should pay attention to risk control capabilities. #BTC $BTC