Track real-time hotspots in the cryptocurrency world and seize the best trading opportunities. Today is December 11, 2024. Overnight, the three major indices collectively declined, with the Dow Jones Industrial Average down 0.35%, the Nasdaq down 0.25%, and the S&P 500 down 0.30%. This marks the fourth consecutive trading day of decline. Microsoft's shareholders voted against the Bitcoin investment proposal on Tuesday. BTC temporarily dropped again, once falling to 94265! The market is waiting for tonight's (December 11, 21:30) CPI inflation data to assess the prospects for a reduction in the federal funds rate. Bitcoin did not significantly push up long positions when the U.S. stock market opened for the evening, with the maximum increase being capped at 98300. As the rally progressed, the coin price showed weakness and, influenced by news, plummeted, with the lowest market data continuing to drop to around 94200. In the short term, after halting the decline, the candlestick chart continued to rise, basically recovering most of last night's drop, but the strength remains somewhat insufficient. Pressure has returned to around 98000 since yesterday. Bitcoin tried to rebound at this level last night but failed, leading to a subsequent price drop. However, the pullback at midnight has not reached the expected depth. The previous brief rebound failed to form effective bottom support, indicating that there is still some downward pressure in the market. The market is expected to continue probing downwards, possibly approaching the previous support level again. At this stage, the market may oscillate to some extent around this support level. The ETH market data is performing relatively weakly, and the opening did not drive the market much. In terms of the strength of the pullback, it is much greater than BTC. The current market's lowest price has fallen back to around 3512. The accompanying indicators continue to send downward signals, indicating a demand for further decline. In the short term, key support is still around 3500, while the resistance level has shifted down to the 3750 mark, at a lower level than yesterday's opening. Overall, the market data continues to show a weak trend, whether it is a vacuum or a bear trap. If the rebound does not break, it is best to decisively intervene, but be sure to manage risk well.