12.12 Evening Market Overview #BTC重返10万

$BTC Bitcoin closed today as a solid bullish candle; after the CPI data was released last night, the market quickly surged, breaking the 100K threshold again, and the probability of a 25% interest rate cut in December reached 98.6%, which is basically a done deal! The recent market pullback and low activity served as a reminder to respect the market; last night's surge reignited market enthusiasm.

Bitcoin is oscillating in a converging triangle within the range of 94190-101983, having tested the resistance line twice in the early morning but was pushed back invisibly. At this point, it can also be seen as an incomplete head and shoulders pattern; only by breaking through the neckline and stabilizing can we consider going long on the right side; resistance at 102538 104077 and support at 97537 96194.

$ETH Currently, it is in a wide box range oscillating in an equal triangle, a standard bat pattern; last night to daytime led the altcoins to warm up a bit, and today 1 billion dollars were issued on Ethereum; we will see if Ethereum breaks 4000 tonight; support at 3782 3731 and resistance at 3963 4021.

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