Track real-time hot topics in the currency circle, seize the best trading opportunities, today is Saturday, December 14, 2024, I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹

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The US stock market closed mixed, with the Dow down 0.20%, the Nasdaq up 0.12%, and the S&P 500 index flat. The cryptocurrency market stabilized, with significant sector rotation. Bitcoin stabilized above $100,000, and Ethereum is now trading at $3,900. The market may enter a short-term correction phase over the weekend, with adjustments either subtly at the high end or deeply at the low end, all subject to the overall market dynamics. In the short term, especially during the weekend, we should focus on the trend of the fallback!
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After Bitcoin tested the 99149 level in the morning and stopped, it showed a trend of oscillation and rise, with a relatively slow movement during the day. After a slight pullback in the evening to gather momentum, it once again saw an increase, reaching a high of 101768. The market has been oscillating around the 100,000 level these past few days, gradually forming a range of oscillation. Bulls and bears have been pulling back and forth. From the current market analysis, the current price is in a phase of high consolidation and correction. Currently, it is seen that 102,000 faces significant resistance, and it is difficult for Bitcoin to break through in the short term. If the subsequent price fails to break above 102,000, it will continue to retreat in a wave, and this back and forth will become the current trend. Yesterday evening, the market made multiple attempts to break through this price level, but quickly fell back. However, the bullish momentum subsequently strengthened, indicating that the bullish energy is still strong, and breaking through the resistance level is only a matter of time. From a short-term perspective, the price has been supported above this support level multiple times, further enhancing the bullish sentiment in the market. In terms of operation, it is still advisable to maintain a strategy of low long positions.
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After Ethereum retraced to the low point of 3835 in the morning, it also oscillated upwards. It started to fall back from the high point of 3964 in the midnight, and currently touched the low point of 3877. On the four-hour chart, the price is temporarily maintained above the middle track. The four-hour structure has weakened after a temporary increase in volume. Whether it can break through the short-term high points on Saturday and Sunday is the key to continue the upward momentum. If it doesn't break, it will continue to oscillate and fall back. At present, the short-term market is fluctuating back and forth. Under the condition that the long-term high is not broken, it is highly likely that the short-term will first retract to confirm support and then have a probability of going higher. Therefore, personally, I still recommend buying on dips in the short term. Considering that it is the weekend, the trading volume is expected to be not too strong. So, it is still recommended for everyone to trade with a small position in the short term and reduce the position for each entry, entering in batches will be relatively safer#Crypto Rebound: Which Coins Are You Watching? !