12.20 Did the beating end? The rebound is likely to continue hitting the US stock market

The US stock market continued to be beaten last night, and for now, it seems the beating has ended today. There will be a rebound during the day, but remember it is just a rebound; the specific reversal has not yet appeared. A reversal requires time and waiting for the right opportunity.

As we approach Christmas and Friday, the chances and timing for a reversal are coming. We just need to wait. At the bottom, we can gamble on rebound trades, but we must not go long against the trend. As a qualified trader, we await the continued wash of the US stock market tonight.

BTC Daily - 4-Hour Level Market Analysis

The large-scale technical retracement of Bitcoin has already begun the complete liquidation process. The key position is around 94,000. I can't say the bull market is over, but it certainly hasn't finished liquidating. The rebound position for this large scale is around 99,500, and it might go up to around 100,800. The bottom support is temporarily the previous low; note that this is just a rebound trade, not a reversal, and a reversal requires waiting.

ETH Altcoin Small-Level Analysis

ETH has officially broken this point. The logic of the large-scale increase has ended at the overall oscillation, so there will still be increases in the future. However, now that the key position has broken, both 3,550-3,570 have turned into resistance. When the resistance rebound ends, one can go short without second thoughts.

Note that Ethereum's chips are slowly entering the market. Trend shorts are definitely not viable, but a short on a small rebound is possible, and a long on another rebound is also feasible. The resistance above is around 3,550-3,570, while the bottom support is near 3,350.

As the year comes to an end, everyone should pay attention to risk and ensure they have funds reserved for the New Year. Both contracts and leverage require attention to risk control capabilities. #FederalReserveHawkish $BTC