(12.12 Thursday Afternoon Trend Analysis) At present, can Bitcoin stabilize above 100,000? Will there be a downward spike in the short term?

In December, the Federal Reserve is highly likely to cut interest rates by 25 basis points. If this aligns with market expectations, the impact on the market will be extremely limited. This also reflects the essence of buying on expectations and selling on facts. The situation in Syria has limited impact on the market in the short term, but in the long term, the powder keg in the Middle East has inevitably been ignited, and it has buried a huge hidden danger. The crises ahead will not have a maximum; they will only get bigger.

From a technical structure perspective,

On the daily level, the upward momentum has paused, but it is not a reversal. After continuous volume expansion, the momentum has been somewhat exhausted. At this time, the market needs to consolidate to accumulate strength. The pattern still maintains a strong rhythm, with the background of a large bullish candle, and the correction force is limited. Currently, the price remains stable above 100,000. In the short term, it is advisable to treat it as a range, and after the adjustment, continue to look for bullish continuation actions.

From a short-term hourly perspective,

The four-hour level for Bitcoin is currently in a rebound cycle. Combining with the smaller cycles, there is a certain degree of retracement and consolidation, which is expected to take some time to buffer the selling pressure above. It is important to note that under the current market sentiment, this retracement is unlikely to be significant, which we have clearly felt for nearly two months. As for operations, it is still recommended to go long on the pullback, adopting a short-term short to long approach.

In summary, He Yang suggests:

Bitcoin: Long in the 993-995 range, with a short-term target looking at 100,500

Medium-term target at 101,000

Ethereum: Long in the pullback range of 3830-3850, target looking at 70-100 points.