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December 18 Bitcoin and Ethereum Market Review and Analysis:

Despite the market's general expectation that the Federal Reserve will cut interest rates by 25 basis points in December, this expectation has already been priced in, and the rate cut itself holds little suspense. The real focus should be on the dot plot and Powell's speech. The market trades on expectations and emotions; if Powell hints that rate cuts may slow down next year, it could significantly impact market sentiment. In a high-interest-rate environment, corporate risks increase, and market volatility intensifies. The market turbulence before the rate cut and speech may just be a prelude to this critical event.

The altcoin market currently lacks liquidity support and is performing weakly. The future of altcoins largely depends on rate cuts and quantitative easing policies. Currently, the trend in the altcoin market resembles retail investor sentiment, reacting sensitively to market fluctuations. Ethereum and mainstream altcoins are undergoing technical repairs after experiencing liquidations, but a second bottom is expected. The Coin Victory Group anticipates that a real turning point for the altcoin market may have to wait until the first quarter of next year, when the market environment may improve.

Although Bitcoin and altcoins currently present different market narratives, the main trend has not changed. Bitcoin has shifted from "Wandering Earth" to "Governance and Nurturing the People," while altcoins are still waiting for a reason to stand on the market stage. For investors, it is important to remain patient and not chase shorts; the current pullback is more a reflection of risk-averse sentiment rather than a fundamental change in market trends. The Coin Victory Group advises investors to stay calm, see the market direction clearly, and wait for the wind to come.

Market Review:

Yesterday, we provided a long position strategy for Bitcoin and Ethereum in our afternoon article, with a target price of 10.4 for Bitcoin and 3920/3880 for Ethereum. The market began to pull back from the early morning, retreating 4000 points from the high. Now, let's analyze the current short-term oscillation adjustment and provide an evening trading strategy.

Bitcoin (BTC) Analysis:

From the daily chart, Bitcoin formed a doji yesterday, with the price reaching a short-term high at 10.8. The current price is retracing to the daily MA5 moving average (10.44). Pay attention to whether this line is lost; if it is lost, the short-term may continue to retrace to the MA10 moving average (10.2) for support. The 4-hour chart shows that the current short-term retracement is near the MA30 moving average at around 10.36. Overall, the price is expected to continue to decline towards the support around 10.2, and the strategy is to wait for a pullback to go long.

Ethereum (ETH) Analysis:

The daily chart for Ethereum shows that the 4100 high has formed a double top structure at the daily level. Yesterday, a solid green candlestick was formed, and the price is currently retracing to the MA10 moving average, with a focus on whether the support at 3850 is effective. The 4-hour chart indicates that the price has retraced to the MA120 moving average at around 3810, and attention should be paid to the support here.

Afternoon Trading Thoughts (Written at: 17:00):

BTC: It is recommended to take a light long position near 10.2/10.12, targeting above 10.4;

Consider shorting near 10.5, looking for 10.2.

ETH: It is recommended to take a light long position near 3780/3700, targeting 3850;

Consider shorting near 3880, looking for 3750.

Medium to Long-Term Trend:

Although Bitcoin is experiencing a short-term pullback, the price remains above the MA5/10 moving averages on the daily chart. The pullback can only be seen as a correction; as long as this line is not completely lost, the bullish outlook continues. Ethereum also remains bullish; the depth of the pullback may be greater, but it does not affect the overall bullish direction.

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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, short-term wave highs and lows, medium to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, and monthly head predictions.

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