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December 16 Bitcoin and Ethereum Market Review and Analysis:
As the new week begins, Bitcoin has once again reached a new all-time high (ATH), and market sentiment is high. Although there are always concerns about corrections after new highs, this is more of a psychological effect. The Asian market is still in a FOMO (Fear of Missing Out) state, and real market changes need to be observed after the U.S. stock market opens. After $MSTR was included in the Nasdaq 100 index, institutional funds have continued to flow in, injecting confidence into the market. The CME futures premium is higher than the spot market, indicating a bullish outlook from large funds for the future. The Federal Reserve's interest rate meeting on December 19 and the dot plot for 2025 will be the focus of the market. The trend is the core driver of prices; as long as the trend remains unchanged, corrections are merely opportunities for positioning.
The market generally expects a rate cut in December, which would be beneficial for the market. The fluctuations in a bull market will not change the overall upward trend. There should be no excessive worry about the psychological barrier of 100k; this is just a new starting point. There are only 11 months left in the halving cycle, and the pace of the bull market is fast with high volatility, so prolonged fluctuations are unlikely. In the short term, the extreme low point for Bitcoin this week may be around 99255; even if there is an unexpected negative impact, the technical extreme is only about 95555. Factors such as the rate cut, dovish signals from the Federal Reserve, and the Christmas consumption boom may further push prices higher. In a bull market, blindly shorting is a big taboo, especially without clear top signals. The overall direction remains a bullish trend; corrections are just temporary stops, and the real risk lies in missing the opportunity to get on board.
Market Review:
In the midday analysis on December 15, we successfully predicted the long position strategy for Bitcoin and Ethereum. The long position strategy for Bitcoin was around $10.16, and for Ethereum, it was around $3870. The midday market dipped to $10.15/$3830, perfectly timed for buying in, with the long positions reaching a maximum profit of 5000 points/200 points. Congratulations to those who followed the operation!
Bitcoin Analysis:
From the daily chart, Bitcoin formed a small bullish candle along the MA5/10 moving averages yesterday, and today the price continued to rise to a high of $10.66, maintaining an overall bullish trend. On the 4-hour chart, the price has broken through previous high resistance along the MA5/10 moving averages, and we should look for buying opportunities on pullbacks to the 5/10 moving averages. On the 1-hour chart, after the price peaked, it has pulled back, and we need to pay attention to whether the MA10 moving average ($10.45) provides effective short-term support. In terms of operations, we recommend maintaining a strategy of buying on dips.
Ethereum Analysis:
The daily chart for Ethereum also shows a bullish candle formed yesterday, with the overall price remaining above the MA5/10 moving averages. Although it briefly pierced the $4000 mark, it failed to hold. Today, we need to focus on the breakthrough and stability at the $4000 level; if it can hold, the price is expected to continue rising and break through the previous high of $4090, or wait for a catch-up opportunity.
Midday Operation Thoughts (Drafting Time: 15:00):
Bitcoin: It is recommended to lightly buy near $10.35/$10.25, targeting above $10.50.
Ethereum: It is recommended to lightly buy near $3920/$3880, targeting above $4000.
Medium to Long-Term Trend:
Bitcoin: Continue to maintain a bullish market; short-term pullbacks are opportunities to buy. There are no top signals in the short term, and the bullish outlook remains unchanged.
Ethereum: With Bitcoin maintaining a bullish trend, we can expect subsequent catch-up movements. Whether it can hold the $4000 level will be the focus we need to pay attention to.
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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. We mainly focus 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 positions, daily extreme pullbacks, weekly top predictions, and monthly head predictions.
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