Zhou Yanling: 12.19 Hawkish Rate Cut Boosts Dollar, Leading to Bitcoin Plunge; Can Cryptocurrency Prices Rise Again?
The Federal Reserve cut rates by 25 basis points yesterday while hinting at a slowdown in the pace of monetary policy easing. This disappointed the market as the Fed did not continue its easing trajectory, resulting in a surge in the dollar. Powell's hawkish remarks directly led to a "Black Thursday" for global capital markets, with the Fed's decision boosting the dollar index while harming global stock and bond markets, causing all major financial products to decline, with Bitcoin experiencing the largest drop.
In fact, regardless of this wave of hawkish rate cuts, cryptocurrency prices were bound to fall. Zhou Yanling mentioned in a previous article that once the price approached the 110,000 mark, it would definitely face resistance and retreat. We predicted a drop around 109,000, but the market fell directly around 108,300, which is not too far off. It seems that the current market trend is still quite consistent with our previous thoughts. Clearly, this significant drop has also burst many bullish forces. Yanling believes that the market is merely using the hawkish rate cut as a gimmick to choose this timing. There is no need to overly emphasize the impact of the rate cut event; after a short-term market pullback and adjustment, it will ultimately rebound. The overall bullish trend remains, just like after every major drop in the past. It depends on whether you can withstand this adjustment. Therefore, those who are brave and strategic have already positioned themselves with long positions, as this morning's drop was a great opportunity to re-enter the market.
Zhou Yanling's 12.19 Bitcoin Trading Strategy:
Buy at 99,300-100,000, stop loss below 98,500, target 102,500-103,500, continue to look for upward movement around 104,800.
Sell at 103,800-103,000, stop loss above 104,500, target 102,000-101,200.
Zhou Yanling's 12.19 Ethereum Trading Strategy:
Buy at 3,550-3,610, stop loss below 3,490, target 3,720-3,770, continue to look for upward movement around 3,880.
Sell at 3,780-3,730, stop loss above 3,840, target 3,650-3,600-3,550.
[The above analysis and strategies are for reference only. Please bear the risk yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, liquidation consultation, and trading skills learning, you can follow the teacher's public account: Zhou Yanling to find the teacher.
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