Big events/market analysis on December 18
Big events today
1. Biden supports banning members of Congress from trading stocks
2. BlackRock releases 3-minute Bitcoin education video
3. OpenAl opens full-blooded o1 model API, cost reduction by 60%
4. Trump has obtained enough electoral votes to officially win the presidency
5. BTC-EUR market share exceeds BTC-JPY for the first time since the beginning of 2023
6. The Ohio House of Representatives in the United States submits a bill to establish a strategic Bitcoin reserve
7. Trump meets with Crypto.com CEO to discuss personnel appointments in the crypto industry
8. The European Securities and Markets Authority issues final guidance on the implementation of MiCA crypto regulations
9. Stablecoin infrastructure BVNK completes $50 million in Series B financing, led by Haun
Ventures
10. About 400 current and former employees of OpenAl can cash out millions of dollars by selling stocks to SoftBank
BTC
Last night, the big cake broke through a new high again. The current price is running above the 4-hour channel. The upward trend is still bullish. The scale of Bitcoin ETF has exceeded that of gold. With such an obvious upward trend, there is no need to bet on one or two negative lines, in case of losing the big picture. The current small range support is around 103400. You can buy more on dips, and the extreme position is around 102000.
ETH
Currently at a large-scale support position, pay more attention to the trend of Ethereum in the next few days. It is still bullish if it does not fall below 3800. If it falls below 3800 effectively, it will reverse and enter a downward trend. The upper resistance is 3945, and the extreme downward position is around 3760
