12.18

BTC
Last night, the US stock market opened with BTC influenced by the US stocks, suddenly surging. However, the strong US stocks started to decline within five minutes. Compared to that, Bitcoin held up relatively well, persisting for over half an hour before starting to fall. Currently, the market's focus remains on US monetary policy, Thursday's CPI data, and Friday's Japanese interest rate hike. The market is mainly in a short-term state of confusion due to liquidity shortages. There are no obvious negative signals, but investors are hypersensitive to any minor movements. On one hand, AI and tech stocks are rallying, waving policies and capital flags to encourage buying; on the other hand, investors are still worried that the Federal Reserve and Trump haven't yet decided the winner, and that a recession may still occur. From a technical perspective, Bitcoin didn't drop much yesterday, but other altcoins declined further. Currently, Bitcoin remains within our expected range. The key point to watch is whether the 84,700 level can be broken. If it breaks, the price will move around 78,500. If it reaches this level, it could be a short-term opportunity. In summary, even if the price moves downward in the short term, there are opportunities. Support levels are 84,700-78,500, with resistance at 89,300-93,900.

ETH
Ethereum surged quickly yesterday to reach the resistance around 3,028 we mentioned, then quickly pulled back. We find that the recent market movements are indeed very difficult to trade. As expected, it reached near 2,820. My personal view remains unchanged: the range from 2,800 to 2,560 can still be bought at different levels, aiming for short-term rebounds. In summary, patience is needed this week to wait for news to settle, focusing on potential bottoming or spike points. Support levels are 2,800-2,750-2,680, with resistance at 2,900-2,972.