Friday Market Analysis

In the past two days, the cryptocurrency market has experienced turbulent waves, with ups and downs. The market's washout actions are extremely thorough, with familiar rhythms and formulas. However, from the overall trend perspective, the market is still in an upward channel. Especially since the current local area is in high-level fluctuations, it clearly sends out a positive signal: the short-term market is very likely to continue to rise!

Looking at the fundamentals, the Federal Reserve's interest rate cut on December 19 is about to be finalized, and the market generally expects a 25 basis point rate cut to be almost certain. Once the rate cut is implemented and meets expectations, Bitcoin is very likely to welcome another wave of upward momentum.

With a clear strategy in mind, we continue to maintain a bullish stance, even though we may encounter sharp declines or pullbacks along the way, these can be viewed as corrective measures of the market, and there is no need to panic. As long as the key support level of 94,000 is not breached, we should firmly adhere to a low-buy bullish position and steadily move towards the target of 120,000.

At the same time, the Ethereum rebound is also continuing to advance. Previously, we positioned ourselves for a long-term bullish outlook from 3030 to a target of 4000, which has been successfully realized. Currently, we are encountering some resistance in the 4000-4100 range, but from a long-term perspective, this is merely a short-term obstacle, and there is still room and potential for further increases.

On Friday evening, Bitcoin is expected to pull back to 98,500-98,000 for long positions, targeting 102,000-103,000,

Ethereum is expected to pull back to 3,800-3,770 for long positions, targeting 4,000-4,050!