December 18th Major Events / Market Analysis
Today's Major Events
1. Biden supports banning stock trading by members of Congress
2. BlackRock releases a 3-minute educational video on Bitcoin
3. OpenAI opens full-powered O1 model API, costs down by 60%
4. Trump has secured enough electoral votes to officially win the presidency
5. BTC-EUR market share has surpassed BTC-JPY for the first time since the beginning of 2023
6. Ohio House of Representatives submits a bill to establish a strategic Bitcoin reserve
7. Trump meets with the CEO of Crypto.com to discuss personnel appointments in the crypto industry
8. The European Securities and Markets Authority releases final guidelines for the implementation of MiCA crypto regulations
9. Stablecoin infrastructure BVNK completes $50 million Series B funding, led by Haun Ventures
10. About 400 current and former OpenAI employees can cash out millions by selling stock to SoftBank
BTC
Last night, Bitcoin once again broke new highs, currently trading above the 4-hour channel, maintaining an upward trend, still bullish. The Bitcoin ETF size has surpassed that of gold, and with such a clear upward trend, there is no need to bet on one or two bearish candles, to avoid picking up sesame seeds and losing watermelons. Currently, the small range support is near 103,400, buying on dips is advisable, with an extreme position pin near 102,000.
ETH
Currently at a major support level, over the next few days, pay more attention to Ethereum's trend. If it does not break below 3,800, remain bullish; an effective break below 3,800 will reverse into a downward trend. Upper resistance at 3,945, extreme downward pin position near 3,760
