Bitcoin and Ethereum Market Analysis on December 12: BTC, ETH Highlights Today
Market Review
Yesterday, BTC began to rebound and has now surpassed the 100,000 mark, in line with expectations. The CPI data released yesterday was healthy, increasing the anticipation for interest rate cuts, and there is a possibility of further rises today. Pay attention to the support at 100,000; if it stabilizes, further follow-up is possible. ETH has followed BTC's rebound and has now surpassed 3,850, also in line with expectations. There is a possibility of further rises today; pay attention to the breakout at 3,900-4,000 for further follow-up. Altcoins are following the mainstream trend with significant rebounds, and there is a possibility of further rises today; you can continue to add to your holdings. SATS should be held patiently; consider liquidating around 50. FTM can begin to reduce holdings, POLYX can continue to be held, and ACT was advised to reduce holdings last week; the remaining position can be maintained.
Highlights Today:
BTC: The 1-hour and 4-hour levels have recovered to healthy levels, and the daily level has returned to a healthy status. There is an expectation for further rises today; follow up is possible. The long-term outlook has not weakened, with support at 99,500-100,000 and resistance at 103,000-104,000.
ETH: The 1-hour and 4-hour levels have recovered to healthy levels, and the daily level has returned to a healthy status. There is an expectation for further rises today; follow up is possible. Support today is at 3,750-3,800, with resistance at 3,900-4,000.