On December 11th, Tuesday, daily summary, fierce competition between bulls and bears, everyone takes off again

Peak moment! Another day of continuous victories, with Bitcoin's new highs constantly breaking through, the price of the coin best reached the 90,000 mark before facing pressure. The morning's thought clearly indicated a bullish outlook, and today's market can be described as quite intense, first dropping and then rising, the trend aligned with our expectations. At noon, it was pointed out that the 90,000 mark could be seen as a short-term top for a bearish outlook, and in the evening, the market also experienced a pullback of 4,000 points, followed by a seesaw trend, with bulls and bears locked in a tug-of-war. Throughout the day, there were multiple participations, all for short-term trades, with overall gains being quite substantial, and everyone is also continuously active.

Today’s participation was quite high, so I won't introduce them one by one. In Bitcoin, there were 8 trades totaling 15,805 points, while in Ethereum, there were 8 trades totaling 468 points. Today's market, I believe everyone has witnessed the volatility, the rapid movements in the market are indeed rare to see in history! There were hardly any major spikes, all were steady and measured. But there were also many transitions. In such trends, being bold in positioning and grasping it well can lead to instant gains! 🥩

Returning to the market, we can see that the rise has stopped at the 90,000 mark, with short-term pressure and a pullback for adjustment. From the daily chart, the short-term upward trend has not been affected, but the 4-hour chart formed a broad fluctuation rhythm, which is also an adjustment action after a peak. In the short term, we expect a seesaw pattern to dominate, with not many unidirectional moves, as a round of rises has already lasted two days, overall providing an upward space of 14,000 points. The rise has been too strong, and there is always a correction process; the market will not keep rising nor will it keep falling, a healthy market trend has both ups and downs. In the short term, a bearish outlook should be the main approach.

Whether you are a newcomer to the trading market or an experienced trader, it is essential to maintain a passion for learning and a humble attitude. Continuously enhance your professional skills and enrich your trading experience to stand firm in the fierce market competition.