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December 12 Bitcoin and Ethereum Market Interpretation:

Market Outlook:

Last night's CPI data and last Friday's non-farm payrolls were similar, with the market following the iron law of decline: a downward trend typically does not last more than 72 hours. This is not metaphysics but a rhythm law of the market. Although trends are difficult to grasp, clues such as interest rate cuts, ETFs, elections, and unemployment rates can reveal patterns in history. The Coin Victory Group often says, "Trend is king," referring to the causal law of trading. Imagine a future where a president supports cryptocurrency, leading the cryptocurrency empire; this narrative war may indeed unfold in the capital markets.

Returning to the current market situation, the turnover rate of Bitcoin has decreased by nearly 50% compared to yesterday, indicating that fearful investors have largely exited, and market sentiment is gradually cooling and returning to rationality. After Microsoft voted not to buy Bitcoin, the market oscillated within 1000 points, but this does not mean the trend is over. The current selling pressure has weakened, and as long as there are no significant negative news, investors are reluctant to easily give up their positions. The support at 94,500 remains strong, and if $MSTR is included in the Nasdaq 100 index, it will further boost market sentiment. A brief celebration may occur over the weekend, but whether Monday's FOMO sentiment can continue is still uncertain. The market, like life, has its ups and downs, changing rapidly. Maintaining trust in the trend and confidence in adversity is the most valuable quality.

Market Review:

In yesterday's market dynamics, we successfully captured the upward trend of Bitcoin. The long strategy proposed at the current price of $97,500 during the midday analysis saw the market peak at $101,000 in the evening, achieving nearly 3,500 points in profit. Here, we congratulate the investors who followed the strategy and made profits. Now, let's delve into the current market conditions and provide the evening trading strategy.

Bitcoin (BTC) Market Analysis:

From a daily chart perspective, Bitcoin closed yesterday with a large bullish candle, breaking through the MA5 and MA10 moving averages, indicating strong upward momentum. Day traders should look for buying opportunities as the price retraces to the MA5 and MA10 moving averages (between $99,400 and $90,000). On the 4-hour chart, Bitcoin has rebounded continuously, breaking through the moving average resistance, and the current price is oscillating near the MA5 moving average, with short-term support at the MA30 moving average, which is $99,000. If the price retraces to this level, consider going long. The 1-hour chart shows that the price has not yet broken below the MA5 and MA10 moving averages, so the midday retracement needs to closely monitor this support area.

Ethereum (ETH) Market Analysis:

The daily chart of Ethereum shows that today's market is experiencing a rebound, with the K-line closing above the MA5 and MA10 moving averages, indicating a return to a bullish trend in the short term. Traders should pay attention to the previous breakout point at the $4,000 resistance level. On the 4-hour chart, Ethereum has continuously closed with red K-lines, standing above all moving averages, and traders should look for buying opportunities as the price retraces to the MA30 moving average at around $3,850.

Evening Trading Strategy (Written at 18:00):

BTC: It is recommended to go long with a light position near $99,000 to $98,500, targeting $101,000 to $102,000; if the price rises above $103,000, consider a light short position, targeting a profit of 1,000 to 2,000 points.

ETH: It is recommended to go long with a light position near $3,860 to $3,800, targeting $3,900 to $4,000; consider shorting above $4,000 for a short-term trade.

Medium to Long-term Trend Analysis:

Bitcoin has returned to a bullish trend, and the daily chart is once again bullish. If it can maintain above the MA5 and MA10 moving averages, it is expected to challenge historical highs again soon. Ethereum, driven by Bitcoin's bullish trend, is likely to experience a rebound, with attention on whether it can break through and stabilize above the $4,000 mark.

Conclusion:

Although the current market is experiencing short-term high-level oscillations, the medium to long-term trend remains positive. Traders should remain cautious and flexibly adjust strategies based on actual market movements. In trading Bitcoin and Ethereum, pay attention to key moving average support and resistance levels as the basis for entry and exit. Additionally, any trading should consider personal risk tolerance and set reasonable stop-loss and take-profit points.

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This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. We will continue to monitor market dynamics and update analysis and trading strategies in a timely manner. Thank you for your attention and support. Mainly focused on contracts for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles, mobile lock-up strategies around high and low support and resistance for short-term fluctuations, medium to long-term trend trades, daily extreme retracements, weekly K-top predictions, and monthly head predictions.

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