24/12/11BTC pin bar second test temporarily valid, about to challenge previous high resistance again, how to seize the Spring Festival red envelope market?
NVIDIA evaporated 640 billion in one day, with a total market value evaporating by a trillion over two consecutive days. On July 15, NVIDIA was reported to be facing antitrust charges in France: fines could reach up to 6.09 billion USD. On August 5, the US Department of Justice targeted NVIDIA, launching an antitrust investigation into its acquisition of an AI startup. On December 7, EU regulatory bodies investigated NVIDIA's hardware bundling during the review of the Run:ai acquisition. On December 9, China launched an antitrust investigation against NVIDIA, focusing on the three major economies of North America + Europe + East Asia for concentrated antitrust investigations. Attention needs to be paid to the impact on the AI sector.
US stocks collectively fell with all three major indices down. The S&P 500 index closed down 0.30%, the Dow Jones down 0.35%, marking a fourth consecutive trading day of decline. The Nasdaq, after hitting an intraday historical high, fell. In the cryptocurrency sector, MicroStrategy rose 3.3% as the market speculated that it might be included in the Nasdaq 100 index, while Coinbase fell 2.61%.
Evening CPI data is likely to be favorable, which may accelerate the market rebound. The data serves financial services, and finance serves politics.
Bitcoin
Bitcoin's 4-hour pin bar second test temporarily valid, looking for a rebound. This is also the viewpoint proposed on the 9th. Bitcoin, Ethereum, and some altcoins have also started bottom fishing. The 1-hour downtrend line has been broken, looking for resistance at 101898 or near the previous high.
This wave of rebound still has the possibility of hitting a new high and then plummeting, so attention is needed at that time.
Support:
Resistance:
Ethereum
After Ethereum reached a high of 4087, the formation is also a Evening Star. There is resistance near the previous high in the short term, but MA20 still has support. First look at this line for a rebound; if it cannot reach a new high, then reduce positions, and if it breaks through, there is still room.
4-hour upward trend broken, retracing to support near pressure lines of 4093 to 3977, first look at the strength of the rebound.
Support:
Resistance:
