Track real-time hotspots in the currency market, seize the best trading opportunities, today is Saturday, December 14, 2024, I am Wang Yibo! Good morning to all coin friends ☀️ Fans check-in 👍, give a like and get rich 🍗🍗🌹🌹

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American stocks closed mixed, with the Dow Jones falling 0.20%, the Nasdaq rising 0.12%, and the S&P 500 index remaining stable. The cryptocurrency market stabilized, and there was a significant sector rotation, with Bitcoin staying above $100,000 and Ethereum trading at $3,900. The market may enter a phase of short-term correction over the weekend, with subtle upward adjustments or deep downward adjustments, depending on overall market movements. In the short term, especially on weekends, we should pay special attention to downward trends!
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After testing the 99149 line in the morning, Bitcoin is in an uptrend and oscillation, with slow movement during the day. After a slight drop at night, followed by an energy accumulation, there was a new increase, and it has currently reached the 101768 line. In the last two days, the market has oscillated around the 100,000 range, gradually forming an oscillation range. With the analysis of the current situation, the exchange rate is in a phase of correction and consolidation in the uptrend. At the moment, the pressure around 102,000 is higher, and it is difficult for Bitcoin to effectively break through in the short term. If the exchange rate cannot break the 102,000 mark later, there will be a new wave of retracement. The back and forth movement has become the current trend. Last night, the market tried several times to surpass this mark, but quickly retreated. However, the forces of the bulls have regained strength, indicating that the energy of the bulls is still strong, and the future resistance breakout is only a matter of time. In the short term, the price returned several times above this hourly support level and received effective support without falling below it. This further strengthened the market's optimistic sentiment. In operation, it is recommended to maintain a long and short strategy.
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After testing support at 3835, Ethereum is currently in an upward, oscillating movement. After reaching a peak of 3964 at midnight, the price dropped and hit the level of 3877. On the 4-hour chart, the price is temporarily above average, but the 4-hour structure is weakening after a temporary increase. The ability to break short-term highs on Saturday and Sunday is crucial for the continuation of the upward movement. If not broken, it is likely that the price will continue to oscillate and fall. Currently, the short-term market is oscillating, and there is likely to be a correction back to confirm support before continuing to rise. Therefore, personally, I suggest focusing on long positions after a correction. Considering that it's the weekend, trading volume is likely to be low, so it's advisable to trade with a smaller position in the short term and gradually enter for more safety!