December 20th, early morning analysis;

From the current market perspective, after the unemployment claims were announced yesterday, the market showed results lower than the interest rate expectations. Normally, this would lead to a rebound, but Powell stated at the press conference that the interest rate cuts will be delayed until next year, which provided the market with sufficient reasons for a correction, resulting in a significant drop at night. The major cryptocurrency directly fell below 100,000, plunging to 96,852, while the altcoin dropped to 3,380!

From the four-hour chart, we can see a clear trend of continuous decline, with the lower boundary opening widely and extending downwards. The downward support has been broken, and the current trend will still show signs of a minor range correction. Moving forward, we can maintain a high-interest strategy for trading!

Major cryptocurrency around 99,000-98,500 for short, target 96,000-95,000.

Altcoin around 3,500-3,470 for short, target 3,400-3,405.