Last night, after the CPI data was released, the Bitcoin market turned from weak to strong and began to rebound strongly. At the same time, after the opening of the U.S. stock market, the Nasdaq broke through 20,000 points for the first time. Tesla led a number of technology giants to set new highs. The Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, and Meta, Amazon, and Netflix all reached new highs. Nvidia rose more than 3%. The U.S. November CPI confirmed the bet on interest rate cuts next week. This series of potential factors provided strong momentum for the rise of Bitcoin. The early trading continued to rise and once touched the 102,000 line. Although there is a decline at present, the strength is relatively small. The price of the currency still maintains above the 10W mark, and the market outlook is still promising! In the recent trend, the Bitcoin market has frequently seen a pin trend, and a large amount of leverage has been liquidated. The car is lighter and it will be easier to pull the market. Sure enough, after the FOMO (fear and greed) sentiment rushed through 100,000, Bitcoin ushered in the first real adjustment of this upward trend. From the perspective of trend, the daily MA30 moving average test support is effective, and the upward trend remains intact, but the slope has decreased. After the adjustment, it will usher in a new round of gains.
At present, in the short term, as I expected at noon, the overall fluctuation is maintained in the range of 10W-102000, without obvious downward movement, and the short-term has entered an adjustment period. In the evening, focus on whether the currency price can go out after the opening of the US stock market. Otherwise, the short-term will maintain the rhythm of shock repair, and there may be a certain expansion in the shock range. Pay attention to the position of short-term operations.
As for Ethereum, the price behavior trend in the K-line pattern relies on the wave pattern; after rising to the annual high of $4090 in the early stage, it quickly adjusted downward; as low as $3500; the $3500 resonance bottom oscillated and broke the independent market top in the early stage; formed a double support for top and bottom conversion; the price returned to the upward trend in the upward channel again; the price reversal successfully broke the suppression of the small-level downward trend line; the region was suppressed by the $3950 mark; but in the capital rotation, the rise and fall cycles between Bitcoin and Ethereum are different; the trend can be synchronized; pay attention to the resistance of the 4000 mark above. #加密市场反弹 #BTC重返10万 #美联储12月降息预期上升